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140 W Park

Butte, MT 59701

JUST LISTED
$2,900,000
Residential Listing
0.1 AC

Summary

Welcome to the historic Stephens Hotel Building, an exceptional mixed-use investment opportunity located at 140146 West Park Street in the heart of Uptown Butte, Montana. Positioned at the highly visible intersection of Park Street and Montana Street, this landmark property has been thoughtfully and extensively renovated to preserve its historic character while incorporating modern systems and finishes throughout. The building is fully updated with new plumbing, electrical, heating, and major infrastructure improvements, offering investors a turn-key asset with immediate income and long-term appreciation potential.The second and third floors feature ten newly renovated residential apartments designed to attract todays tenants while honoring the buildings original architectural details. Each unit offers spacious living areas with abundant natural light, modern kitchens with stainless steel appliances, and updated bathrooms with quality fixtures. Select units include in-unit laundry, and common laundry facilities are provided for tenant convenience. Original woodwork and restored historical elements add character and charm rarely found in renovated multi-family assets.The main level is home to two established and renovated restaurant leases that provide stable commercial income and benefit from strong foot and vehicle traffic in one of Uptown Buttes most active corridors. The property is located minutes from Intermountain Health Hospital, Montana Technological University, the Silver Bow County Courthouse, Northwestern Energy Headquarters, and numerous local shops, restaurants, bars, and pubs, ensuring consistent residential and commercial demand.Offered at $2,900,000, the property delivers a 6.2% cap rate with additional upside through potential market rent increases. This is a rare opportunity to acquire a fully renovated, income-producing historic asset in one of Buttes most desirable and walkable locations, combining strong cash flow, long-term appreciation, and architectural distinction in a single investment.

Details

  • Neighborhood
    Other
  • Type
    Multi Family
  • Year Built
    1900
  • Lot Size
    0.1 AC
  • Flooring
    Hardwood, Partially Carpeted, Plank, Tile, Vinyl
  • Levels
    Three Or More
  • Heating
    Baseboard, Electric
  • Cooling
    None
  • Community
    Butte
  • Utilities
    Sewer Available, Water Available
  • Days on Market
    4
  • Listing Courtesy of
    Platinum Real Estate
  • MLS #
    407747

Location

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ERA® and the ERA Logo are registered service marks owned by ERA Franchise Systems LLC. Robyn L. Erlenbush Real Estate, P.C. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to ERA Franchise Systems LLC nor any of its affiliated companies. © 2019 Robyn L. Erlenbush Real Estate, P.C. All rights reserved.

All property data and market statistics are pulled from Big Sky Country MLS.

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