2400 2nd Avenue N, Great Falls, MT 59401

Property Description

Duplex and a separate single family home!!! All situated on one lot across from Roosevelt Park. This unique income producing property offers a rare opportunity to own three rental units on one lot, making it an excellent option for investors or owner occupants looking to offset their mortgage with rental income. With the property currently operating at approximately a 9% capitalization rate based on current income and expenses, it presents an attractive opportunity for investors seeking strong cash flow. Buyers should perform their own due diligence to verify income, expenses, and cap rate calculations. There is also additional upside potential, as Units 2 and 3 offer opportunities for cosmetic updates that may increase rental appeal and future rental income. The front unit of the duplex has been extensively renovated. Recent improvements include a new roof on the duplex (2026), new dormer siding (2026), new water heater and updates to most of the plumbing in the front unit (2025), new light fixtures, ceiling fans, sinks, and plumbing fixtures, a new rear entry door, replacement of the front sidewalk step, and a remodeled second floor bathroom featuring a new vanity, sink, plumbing, toilet, and updated lighting. The 2026 roof replacement also included new roof vents and repairs to previous leaks in the hallway and second floor bedroom, providing added peace of mind. Conveniently located near parks, schools, shopping, and other Great Falls amenities, this property combines current income with the opportunity to add value over time. Water/sewer/trash Paid by owner & Gas/Electric paid by tenant (individually metered). Whether you're an experienced investor or looking for an owner occupied investment, this versatile property offers immediate income, significant recent improvements, and the potential to further increase returns through cosmetic enhancements to Units 2 and 3.