Welcome to 370 Lower Rainbow Road. This home is situation on 1.74 acres, and features 3 bedrooms and two full baths. The home has been updated, and offers incoming producing possibilities as well. With seasonal water running through the property, this is truly a special place to call home. All located within a short distance to Bozeman, Belgrade and Yellowstone International Airport. Don't miss your opportunity to make this home yours, call today.
Excellent Bozeman fourplex investment opportunity with major exterior improvements planned! Each of the four units features 2 bedrooms, 1 bathroom, a nice-sized kitchen, ample living space, and convenient washer/dryer hookups. The property also offers valuable off-street parking and a desirable Bozeman location close to shopping, schools, and other amenities. Adding to the investment appeal, a new roof, new siding and additional exterior improvements are scheduled, with completion anticipated by the end of August. These planned improvements offer an exciting opportunity to acquire a well-located multifamily property with meaningful exterior updates on the horizon. A strong opportunity for an investor looking to add a Bozeman income property to their portfolio.
Located in Bozeman's desirable Midtown District, 414 N 6th Avenue offers a rare opportunity to own a versatile property centrally located in the heart of Bozeman. Featuring two separate living units, this home is ideal for investors seeking strong rental income or owner-occupants looking to offset their mortgage by living in one unit while renting the other. Each living unit features a full kitchen, living area, three bedrooms and a full bathroom. A shared laundry area in the basement provides convenient access for both units. An attached single car garage as well as a 420SF detached shop with power and gas heat provides ample storage or endless opportunities for future owners. With two separate entries and a fenced in back yard, this property has everything you need to move in today or rent it out!
This is a well maintained 3 bedroom home upstairs and a 2 bedroom unit below. The upstairs unit features a large (with high ceilings) 2 car attached garage, open floor plan, front porch, and side deck. The backyard is partially fenced for dogs, offers off street parking off the alley and private entrance to the lower unit. There is a wood fireplace and hardwood flooring on the main level living room. The upstairs unit has a tremendous view across the Bozeman High School soccer fields. The lower 2 bed unit was remodeled and has been well maintained. Laundry areas in both units. This property has been very well maintained with pride of ownership throughout. Located walking distance to downtown and close to Montana State University. This property needs to be seen to be appreciated.
Unrivaled freedom meets classic Montana charm on just over 8 peaceful acres with sweeping big-sky views. This one-of-a-kind community features eight standalone cottages set among mature trees, open space, and established shelter belts, with no zoning and minimal covenants. A standout feature of this property is its exceptional infrastructure: 4 wells with water rights through the DNRC, delivering excellent water quality and pressure, along with multiple septic systems that are up to code and fully compliant with DEQ standards. This kind of established, compliant infrastructure is difficult to find and adds tremendous value and flexibility, whatever direction you choose. Use it as a private family retreat, a corporate getaway for employees and clients to recharge, or an income-producing rental property, or all three. Build, expand, or operate with total autonomy, all just 15 minutes from Downtown Bozeman. The location also puts you close to some of Montana's best outdoor recreation: about 30 miles to Bridger Bowl, 60 miles to Big Sky Resort, Blue Ribbon trout fishing nearby, and a 90-mile drive to West Yellowstone or Gardiner for access to Yellowstone. Land, infrastructure, and proximity to town like this are rare to find together. CURRENT RENTS ARE NOT PUBLISHED... CALL LISTING AGENT FOR FURTHER INFORMATION ON CURRENT RENTS.
Opportunity awaits with this centrally located duplex in the heart of Bozeman! Situated just minutes from Montana State University, downtown, parks, shopping, restaurants, and trail systems, this versatile property offers an excellent opportunity for investors or owner-occupants. The spacious upper unit features two bedrooms plus a large bonus room, two bathrooms, private laundry, a generous living area, and access to a large deck overlooking the mature backyard. The lower unit offers two bedrooms, one bathroom, a full kitchen, and living area, making it ideal for rental income, multigenerational living, or guests. The 2 units can share the lower level laundry or the upper unit has a room ready for the washer and dryer. The oversized garage has plenty of built in storage and outside there is a spot for the toys. Mature trees provide shade and privacy, while the oversized lot offers ample outdoor space. With off-street parking, an attached garage, and a highly desirable central location with convenient access to MSU, 19th Avenue, and downtown Bozeman, this property is a rare opportunity to own a flexible income-producing property in one of Bozeman's most sought-after neighborhoods.
Enjoy the best of central Bozeman living at 439 N. 10th Avenue, ideally located on a quiet, low-traffic street just blocks from Midtown, Downtown, Bozeman High School, Montana State University, neighborhood parks, restaurants, and shopping. Thoughtfully updated and meticulously maintained, this unique property pairs a beautifully renovated main home with a detached guest cottage/accessory dwelling unit (ADU), offering exceptional flexibility for a variety of lifestyles. The 4-bedroom, 2-bath main home features beautifully refinished oak hardwood floors, a remodeled kitchen with custom cabinetry, butcher block countertops, black-and-white marble tile, newer appliances, and a finished lower level with a spacious family room, wood-burning fireplace, full bath, generous laundry and storage room, and an additional bedroom with a full-size egress window. The detached, alley-accessed ADU offers nearly 450± square feet with a kitchenette, 3/4 bath, walk-in closet, washer and dryer, on-demand hot water, free-standing gas stove, and mini-split heating and cooling. Whether used for guests, multigenerational living, a private home office, or as a property with a proven rental history, it provides flexibility that is increasingly difficult to find in central Bozeman (buyers to verify permitted uses). Outside, enjoy a backyard designed for relaxing and entertaining with a spacious patio, café string lights, raised garden beds, established landscaping, and a heated garage. Rare alley access provides abundant off-street parking for multiple vehicles, trailers, and all your Montana gear. Combining an unbeatable in-town location, thoughtful updates, flexible living spaces, and a detached guest cottage with proven rental history, 439 N. 10th Avenue is a rare opportunity to own a property that adapts to the way you live today while offering possibilities for tomorrow.
INVESTORS, ENTREPRENEURS or MSU PARENTS looking for student housing with income? CENTRALLY LOCATED BOZEMAN DUPLEX WITH MAIN FLOOR PRIMARY SUITE ON EACH SIDE AND NO HOA DUES! Live in one side and rent out the other. Could be subdivided and turned into two condos. Spacious duplex with separately fenced back yards, underground sprinklers and double car garages. Both 4038 and 4042 Carbon Street units features soaring ceilings, loads of natural light with two sets of sliding glass doors leading to the back yard. A welcoming kitchen with pass through window/bar seating opens to the dining area. Both units offer a very generous sized main floor primary suite including large walk in closet and ample bathroom with dual sinks. 4038 Carbon is pretty much the mirrow image but features a walk in shower rather than a tub/shower in the primary suite. Each unit features two additional bedrooms upstairs with a full bath. Roomy backyard allows for even more outdoor living space with patio areas for lawn furniture and barbeque grill. Easy proximity to MSU, downtown and airport. Could be subdivided into two separate condos. Sellers will consider selling 4038 Carbon fully furnished by separate Bill of Sale. Call for your appointment today!
Own a unique piece of Bozeman history. This church and rectory conversion is in close proximity to downtown, and easy access from it
Tucked away on a quiet, tree-lined residential street just blocks from the MSU campus, this versatile triplex is an opportunity for investors or buyers looking to house-hack. Live in one unit and let the other two pay your mortgage, or rent all three for a stellar addition to your portfolio. The Main Unit: Spacious 3-bedroom, 2.5-bathroom layout with a functional kitchen and living area—perfect for an owner-occupant or premium rental. Basement Unit: Cozy 2-bedroom, 1-bathroom setup featuring brand-new carpet, a full kitchen, and a private living area. Back Unit: Convenient 2-bedroom, 1-bathroom unit complete with its own kitchen, living room, dedicated laundry room, and oversized patio. With three separate addresses, mature landscaping, and an unbeatable location that ensures low vacancy rates, this property is a proven workhorse. Bring your ideas and capitalize on a rare multi-family find in a highly desirable college-town market!
Centrally located in the City of Bozeman, this fully occupied four-unit multifamily property offers a proven history of strong rental performance and stable cash flow. The property consists of two 2-bedroom/1-bath units, one 2-bedroom/2-bath unit, and one 1-bedroom/1-bath unit, providing a desirable mix of unit types for tenants. Well maintained with no known deferred maintenance, the property features updated carpet and appliances throughout, reflecting pride of ownership. Located on the second floor above ground-floor commercial space, the property is condominiumized, with all four apartments comprising Unit 4 of the condominium association. Each apartment is separately metered, served by city water and sewer, and features natural gas forced-air heating, air conditioning, and private in-unit laundry. Designed for low-maintenance ownership, the building offers cement board siding, a metal roof, underground irrigation, and professional property management. The Owner’s Association covers lawn care, snow removal, garbage service, and other common area expenses, providing additional convenience and peace of mind for ownership. Conveniently situated near Montana State University, shopping, restaurants, public transportation, and other amenities, this investment presents an attractive opportunity to acquire a stabilized multifamily asset in one of Bozeman's most desirable and established neighborhoods.
Rare downtown Bozeman opportunity! Offered together, 103 & 109 S 8th Avenue feature two adjacent buildings on two separate lots just one block from Main Street. Properties with this combination of location, flexibility, and future potential are increasingly difficult to find. The existing improvements offer immediate income potential and a variety of residential, office, or mixed-use possibilities, while the true value lies in controlling two contiguous downtown parcels. Maintain the current use, reposition over time, or explore future redevelopment opportunities in one of Bozeman's most sought-after locations. Just steps from Main Street's restaurants, shops, and amenities, this is a unique opportunity to secure a significant downtown footprint in the heart of Bozeman.
Step into your next chapter with this exceptional property just a few blocks from the MSU campus—an unbeatable opportunity for savvy investors or future owners ready to make Bozeman home. From the moment you enter, you’ll appreciate the meticulous care and thoughtful renovations completed in the past five years. The sun-filled main level welcomes you with an open, airy ambiance, two spacious bedrooms, a versatile den or office, a modern kitchen, and a full bath and a laundry room/mud room. Retreat to your luxurious primary suite, featuring a generous walk-in closet, a private deck, and a newly renovated spa-inspired bathroom—your personal sanctuary. Downstairs, discover two additional bedrooms, a large living area, full bath, second kitchen, mudroom, and private laundry—perfect for guests or rental income. Flexibility abounds: restore to a single-family residence or maintain as a separately metered duplex, each with its own private entrance. Outside, enjoy the peace of a fenced yard with lush landscaping, underground sprinklers, and an attached two-car garage. Live steps from campus, downtown Bozeman, and all the recreation and conveniences this vibrant community has to offer. Don’t let this rare opportunity slip away—make it yours today!
A rare offering in Bozeman's coveted Bon Ton Historic District — built in 1902 and thoughtfully converted into five income-producing apartments on one of the most walkable blocks south of Main Street. Tree-lined streets, historic mansions, and the city's most architecturally distinguished residential corridor define the address. Downtown Bozeman, Montana State University, Cooper Park and various trail systems are all within an easy stroll or short bike ride. Set on an 8,400+ square foot lot in the heart of the historic core, the property delivers what the Bozeman market almost never offers in one package: an irreplaceable in-town location, a stabilized rent roll, and a meaningful redevelopment path. The five-unit configuration produces consistent income with rents currently positioned below market — a built-in lever for the next owner to realize immediate upside through routine turnover and modernization, without speculative assumptions. Beyond the in-place cash flow, the long-term value sits in the land. Bozeman's historic neighborhoods near downtown have become the city's most contested and sought-after development ground, and the Bon Ton has been repeatedly cited by city planners as a model of the "missing middle" density Bozeman is actively encouraging. The lot's location, dimensions, and existing multi-unit use position the property as one of the rare in-fill opportunities in Bozeman's most desirable submarket — a hold-for-yield asset today, with optionality for the next owner to reimagine the site. Opportunities like this on one of the most prestigious blocks in Bozeman don't come around that often.
One of the most compelling downtown Bozeman offerings to come to market in years, 617 N Rouse Avenue presents rare flexibility in a beloved and highly accessible location. Set on a generous .24-acre lot with excellent parking opportunities, this duplex offers strong rental appeal, house-hacking potential, and room to explore future expansion possibilities, because apparently one good investment angle was not enough. Comprised of two separate units, upper and lower, each residence features 2 bedrooms, 1 bathroom, a living room, kitchen, laundry area, and private access on opposite sides of the building. One unit is currently leased, while the other is vacant, creating immediate flexibility for an owner-occupant, investor, or buyer seeking a downtown foothold. Enjoy easy access to Main Street, Fink’s, parks, restaurants, and the everyday energy of downtown Bozeman. Purchase this duplex on its own, or create a larger investment package by including the three units next door at 621 N Rouse Avenue. Opportunities like this are increasingly difficult to find in the core of Bozeman. Owner pays lawn care, sewer, garbage and tenant pays electric and gas. Listing agent must accompany all showings. Please contact Listing Agent to schedule. 24 hours' notice minimum as tenants are in place. Proof of funds must be available for all showing requests. All information is deemed reliable, Buyer and Buyer's Agent to verify--square footage is estimated as Cadastral does not break down units.
Rarely does a property this substantial become available in such a strategic Bozeman location. Offered together, 621 & 617 N Rouse Avenue consist of two separate parcels (6 lots) totaling approximately 0.48 acres with five existing rental units, creating a compelling opportunity for income, land position, and future potential. Set just outside the Cannery District with easy access to Main Street, local restaurants, coffee shops, farmers markets, parks, Bridger Bowl, and Bozeman’s northeast corridor, this property sits in an area that continues to evolve while still offering the character and convenience that make central Bozeman so desirable. The existing improvements provide immediate rental income potential, while the combined parcels create a broader canvas for an investor, developer, or long-term owner with vision. The property includes a mix of unit configurations, city sewer and water, paved road access, tree views, and RA zoning. Whether the next owner chooses to hold the property as a multi-unit investment, improve the existing structures, or explore the future potential of reshaping this corner of Bozeman, the offering is both practical and forward-looking. Opportunities with this combination of location, parcel size, existing income potential, and future flexibility are increasingly rare. Buyer and Buyer’s Agent to verify all information, including square footage, zoning, permitted uses, rental income, redevelopment options, and city requirements. (UNITS ARE OCCUPIED) Listing agent must accompany all showings. Please contact Listing Agent to schedule. 24 hours' notice minimum as tenants are in place. Proof of funds must be available for all showing requests. No interior photos available per respect of tenants' privacy, BUT ARE AVAILABLE FOR PRE-APPROVED BUYERS. All information is deemed reliable, Buyer and Buyer's Agent to verify--square footage is estimated as Cadastral does not break down units.
Prime location meets timeless charm in this beautifully maintained Mid-Century cottage-style triplex. Thoughtfully updated throughout, this unique property offers three separate living spaces with excellent flexibility for investors or owner-occupants alike. Unit #1 on the main level features hardwood floors, fresh paint, 2 bedrooms, 1 full bath, a spacious living room with fireplace, dining area, full kitchen, and direct access to the backyard. Upstairs, Unit #2 offers new flooring and paint, 2 bedrooms, 1 bath, a full kitchen, dining area, and a bright, inviting living room filled with natural light. Unit #3 on the lower level includes updated flooring and paint, 2 bedrooms, 1 bath, a full kitchen, dining area, generous living room, and backyard access. Shared laundry is conveniently located on the lower level, and a new furnace and duct system were installed in February 2025. Ideally situated just minutes from Downtown Bozeman’s Main Street, one block from Southside Park, two blocks from Cooper Park, and only blocks from the MSU campus, this property offers an unbeatable combination of location, character, and versatility. Whether you're seeking a strong income-producing investment or the opportunity to live in one unit while renting the others, this charming triplex is a rare find. Schedule your showing today!
Exceptional Southside investment opportunity in one of Bozeman’s most sought-after rental locations. Conveniently located just blocks from Montana State University and downtown, with close proximity to Cooper Park, Southside Park, and a variety of shopping and dining options, this property offers easy access to the amenities tenants value most. Designed with flexibility in mind, the home functions similarly to a multi-unit property, featuring multiple sleeping areas and several bathrooms across distinct living spaces. Two kitchens and separate living areas provide a versatile layout suited for shared housing, long-term rentals, or multi-generational living. A detached two-car garage adds valuable off-street parking and storage—an increasingly desirable feature in this central location. With its adaptable floor plan, strong rental appeal, and prime location near campus and downtown, this property presents an excellent opportunity for investors seeking income potential and long-term upside.
This Southside property offers a rare opportunity for investors seeking strong income potential in one of Bozeman’s most desirable and high-demand rental areas. Located just blocks from Montana State University, downtown, and near Cooper Park and Southside Park, the location consistently attracts tenants looking for convenience and access to local amenities. Designed with flexibility in mind, the property lives like a multi-unit setup, offering six bedrooms and four-plus bathrooms across distinct living areas. With two kitchens, two living rooms, and two laundry areas, the layout supports a variety of rental configuration, it is ideal for maximizing income, student housing, or multi-generational living. A standout feature is the conversion of the original garage into a spacious primary suite complete with a private bathroom, adding both functionality and rental appeal. The detached two-car garage provides valuable parking and storage, an increasingly sought-after amenity in this central location. With its high bedroom count, multiple living spaces, and unbeatable proximity to Montana State University and downtown Bozeman, this property is well-positioned as a turnkey investment or income-producing asset with strong upside potential.
Prime location, strong income potential, and a clean, modern design, this three story triplex just off 19th Street checks all the boxes. Fully furnished and thoughtfully styled, each unit is turnkey and ready to perform from day one. Just minutes from Montana State University, downtown Bozeman, Bozeman Health, and endless outdoor recreation, the location supports consistent demand for both long and short term rentals. Each level functions as its own private residence, offering three bedrooms, two full bathrooms, a well appointed kitchen with granite countertops and stainless steel appliances, comfortable living space, and in unit laundry, with large windows bringing in abundant natural light. Two of the three units are currently operating as short term rentals, while the ground floor unit is leased long term, creating a strong balance of income and flexibility. The property has been successfully run as a short term rental since 2022, after previously operating as long term rentals, with financials available upon execution of an NDA. Whether you are looking to expand your investment portfolio or live in one unit while the others offset your costs, this is a rare and versatile opportunity in Bozeman.
Prime Bozeman fourplex investment opportunity in a highly desirable central location. This well-maintained property features two 3-bedroom, 1.5-bath units and two 2-bedroom, 1-bath units, each with a one-car garage and private patios that back to mature landscaping, green space, and a seasonal creek. Recent improvements include new siding, updated flooring, and in-unit washers and dryers. All four units are currently leased. Ideally situated adjacent to a single-family residential neighborhood and near Emily Dickinson Elementary, the property is also close to parks and conveniently located near the Oak Street and 19th Avenue commercial corridor. Professionally managed with consistent maintenance for over two decades, this property represents a rare turn-key multifamily opportunity in the Bozeman market.
We are pleased to present this excellent investment property located just blocks from Main Street and Bozeman High School. The upper unit features three bedrooms, 1.5 baths, hardwood floors, a large galley kitchen, dining area and a bright, spacious living room. The lower level includes three bedrooms, one full bath, a dedicated laundry room, and an open living, dining, and kitchen area and egress windows. Both units share the garage for storage. Situated on nearly a quarter-acre lot, the property offers alley access and a spacious back patio for tenant use.
Opportunity knocks - This unique and high performing triplex offers a trifecta of built-in value: a historic footprint, a proven income stream for over 25 years and a coveted location in the heart of historic Bozeman. First time on market in over 25 years! Situated just blocks from Main Street shopping, dining and amenities and minutes to Montana State University, this property is the perfect blend of location and lucrative investment potential. Fully rented and priced to sell at a 6.5% cap rate, the property consists of three intentionally built units. The front unit is a charming Queen Anne style two story home with 4 bedrooms and 2 bathrooms. An attached duplex features Piping Plovers from the Craigshead Institute’s Murals of threatened and Endangered Species Project. The duplex consists of two side by side units each with 5 bedrooms and 2.5 bathrooms. The Queen Anne front house is known as the Susan Kirk Residence. The main floor features spacious living areas, kitchen and bath. The home has been well maintained and includes a side driveway for parking, enclosed front and rear entryways and retains its historic charm with colorful paint and gingerbread elements including scalloped shingles and a variety of exterior siding textures. An attached duplex features spacious living and kitchen areas and additional flex space. An expandable rooftop solar array is connected to the north duplex unit and features EV charging. Concrete parking area features parking for 4 vehicles. A 2-car detached garage is currently used by the owners includes space for a shop/storage. There are several communal bike storage areas on the property including a covered pavilion. Yard spaces have been improved with thoughtful native landscaping and raised garden planters for the occupants to enjoy. Mature trees and shrubs allow for privacy and shade. Many possibilities exist to make the property your own (maintain/condex/development). More info below> This is a wonderfully convenient southside Bozeman location – only minutes to Montana State University, hospital, shopping, breweries, music venues, grocery stores, restaurants, services and amenities. Only 25 minutes to Bridger Bowl, 30 minutes to blue ribbon fly-fishing and river recreation, and 1 hour to Big Sky. Please don’t disturb the tenants – shown by advanced appointment only. Don’t miss the VR Matterport Tour.
A fantastic investment opportunity in Bozeman just off the 19th corridor. Near schools, restaurants, and tons of shopping! Building is made up of 12 fully leased units, each 970 square feet with 2 bedrooms, 2 bathrooms, own laundry, fire suppression and a one car garage. Great rental history as the building and HOA are professionally managed. Pictures are of a similar building/unit. Call today!!
A fantastic opportunity to own a 5 unit investment property in one of Bozeman’s most desirable downtown neighborhoods. With six detached garages and strong rental history, this property delivers consistent income potential. Brand new siding and gutters. Situated among tree-lined streets and historic homes, this is a standout opportunity for the discerning investor seeking a piece of Bozeman’s vibrant and enduring core.
Bozeman is located in Montana. Bozeman, Montana has a population of 51,574. Bozeman is less family-centric than the surrounding county with 31% of the households containing married families with children. The county average for households married with children is 34.15%.
The median household income in Bozeman, Montana is $67,354. The median household income for the surrounding county is $76,208 compared to the national median of $69,021. The median age of people living in Bozeman is 28.2 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 13.3 degrees. The average rainfall is approximately 16.9 inches per year, with 62.8 inches of snow per year.
