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Pioneer Apartments presents a rare opportunity to acquire a 16-unit multifamily investment property situated on approximately 4.8 acres in the historic mountain community of Philipsburg, Montana. The property consists of fourteen 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units in a well-maintained campus-style setting featuring mature trees, expansive green space, and ample off-street parking. Originally developed and operated as an affordable housing project, Pioneer Apartments is no longer subject to income or rent restrictions, creating a compelling value-add opportunity for investors. Current rental rates remain below market levels, providing future ownership with the ability to gradually reposition the property toward market-rate rents while benefiting from strong demand for workforce and affordable housing alternatives in the region.

The property offers an attractive combination of stable occupancy, durable improvements, and significant upside potential. In addition to rental growth opportunities, investors may be able to improve overall property performance through operational efficiencies and expense management, as historical operating expenses reflect the property's prior affordable housing structure and may not represent a fully optimized market-rate operation. The improvements feature durable construction, attractive curb appeal, and a spacious site that provides tenants with a comfortable residential environment while remaining conveniently located near downtown Philipsburg, recreational amenities, and major area employers. The unit mix is well-positioned to serve a broad tenant base, including local workforce housing demand, retirees, and smaller households seeking quality rental housing in one of Montana's most desirable small-town communities. For investors seeking a multifamily asset with immediate cash flow, long-term appreciation potential, and a clear path to increased net operating income, Pioneer Apartments represents a unique acquisition opportunity. Financial information is available to qualified buyers upon execution of a confidentiality agreement.

Philipsburg

312 E Broadway Road

None Beds

None Baths

N/A

$999,000

MLS#: 412107

Prime opportunity to invest in the early stages of substantial growth, both in population and demographics, in White Sulphur Springs, the county seat of historic Meagher County. These 161 acres, immediately south of White Sulphur Springs, exemplifies a prime investment opportunity in the Smith River Valley. Currently, the land is irrigated grass and alfalfa production with water rights. Build your own home and develop the remainder. Upon approval, this land would be prime for a development of much needed 2 to 5 acre homesites. This location offers premium mountain views of the Castle Mountains and Big Belt Mountains. The area continues to see a “push” from the pressures on Bozeman, Livingston and the Shields River Valley real estate as well as the imminent hiring of personnel for the fully permitted Black Butte Copper Project, the highest-grade copper deposit in the world. The project will bring an estimated additional 240 jobs with an average salary of $71,000 to this up-and-coming community with a current population of only 1000 residents. If you have cash with minimal returns, expiring CD’s or a 1031 exchange and are looking for a challenging opportunity with big potential rewards, add this opportunity to your short list.

Other

NHN Luppold Road, White Sulphur Springs

None Beds

None Baths

161.0 acres

$1,480,000

MLS#: 406612

#406538

Butte

130 N Main Street 1

None Beds

None Baths

1,308 Sq.Ft.

$15

MLS#: 406538

Belgrade

806 Spaniel Lane

None Beds

None Baths

0.18 acres

$175,000

MLS#: 414156

Bozeman

3 Hitching Post

4 Beds

3 Baths

2,359 Sq.Ft.

$985,000

MLS#: 415315

Dillon

1245 Bon Accord Road

None Beds

None Baths

21.81 acres

$290,000

MLS#: 407192

Big Sky

566 Antler Ridge

None Beds

None Baths

0.47 acres

$695,000

MLS#: 413121

Belgrade

1102 Jackrabbit Lane 4

None Beds

None Baths

1,449 Sq.Ft.

$500,925

MLS#: 412747

Belgrade

602 Halfpipe Street D

3 Beds

2 Baths

1,619 Sq.Ft.

$459,000

MLS#: 413297

Bozeman

455 Dulohery Lane

6 Beds

3 Baths

4,086 Sq.Ft.

$2,250,000

MLS#: 413360

Ennis

204 & 206 Otis Avenue

None Beds

None Baths

N/A

$1,100,000

MLS#: 414742

Price reduced

Outdoor entertaining abounds from the spacious decks to the huge side yard. Off street parking for all your toys and more. Enjoy the 2,250+sf home offering character and charm throughout; from the dining / living area to an office area onto a spacious kitchen with butler's pantry. There are 2 bedrooms up and 2 bedrooms down along with a bathroom on each floor. The walkout basement offers a huge family room with flex space. There is a detached 2 car garage with a side shop area. There is also a green house. Enjoy all that the yard has to offer from all the perennials to the raspberry plants etc, plus there is a private well to aid in all the greenery. Come Home to 1136 E Glendale and enjoy your own park like setting and all that Southwest Montana has to offer. This opportunity sits on 4 city lots.

Dillon

1136 E Glendale Street

4 Beds

2 Baths

2,520 Sq.Ft.

$422,000

MLS#: 413174

Dillon

65 Elwood Lane

3 Beds

None Baths

1,600 Sq.Ft.

$669,900

MLS#: 410295

Exceptional 1.07± acre homesite in The Home 40 offering panoramic views in every direction—Bridger Range to the north, Gallatin Valley farmland to the west, the Gallatin Range and Spanish Peaks to the south and southwest, and Mount Ellis to the east - a rare vantage point capturing many of the region’s most iconic landscapes. Offered at $775,000 and including thoughtfully designed architectural plans, this property provides a rare opportunity to build a beautifully designed Montana home in a premier setting. Located just two doors from Home 40’s private clubhouse featuring a gym and pool, and overlooking a serene neighborhood pond, the setting combines natural beauty with luxury amenities. Don't miss an ideal opportunity to build in one of Bozeman’s most desirable communities! ***Buyer responsible for own septic - shown in the included plans. Water is in and has two lines - one potable, and one for irrigation. Electric is already to the lot.

The images shown are conceptual architectural renderings generated using artificial intelligence and are intended solely to illustrate the potential design and aesthetic of the proposed residence. These visualizations are artistic representations and may not reflect the exact scale, proportions, materials, landscaping, views, or site conditions of the final constructed home.

Bozeman

Lot 38 Clancy Way

None Beds

None Baths

1.07 acres

$775,000

MLS#: 409709

Built for durability and performance, this 18,500± SF metal-clad warehouse in Four Corners offers exceptional commercial functionality and a layout suited to both heavy operational use and customer-facing business. The building features two expansive warehouse bays measuring 144' x 60' and 100' x 70', each with 16'+ ceilings that accommodate efficient racking, equipment maneuverability, or large-scale production. A separate space ideal for a retail setup enhances versatility and provides a valuable opportunity for direct customer interaction.

Supporting spaces include two private offices, a breakroom, a print/storage room, and three bathrooms, creating a comfortable and well-organized work environment. The property is equipped with 220V power, fire suppression, and is connected to Four Corners water and sewer, adding reliability and essential infrastructure.

Exterior access is exceptional, with four overhead doors—three 12' x 10' and one 12' x 20'—plus a loading dock for streamlined logistics and deliveries. The durable metal siding and metal roof ensure long-term, low-maintenance performance.

In addition to the warehouse, a fenced lot measuring approximately 1.06 acres is also available for lease at $3770/month. This space is ideal for outdoor storage, equipment parking, or additional yard capacity to support expanding operations.

Located within commercial zoning and positioned for easy access to Bozeman, Belgrade, and Big Sky, this stand-alone warehouse provides a rare combination of size, flexibility, and high-demand location within the Gallatin Valley.

Bozeman

188 Pronghorn Trail

None Beds

None Baths

18,500 Sq.Ft.

$16

MLS#: 407073

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