Bozeman, Montana

120 Water Lily Drive

Active

22Photos

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Opportunity for a stabilized multi-family investment in Norton Ranch! This 12-plex offers tenants a neighborhood setting on the North West side of Bozeman, close to schools, parks, and amenities. Each unit is 2-bed, 2-bath (with the exception of Unit 1 which has 2-bed, 1-bath), open living with balconies or patios, parking, and a spacious storage unit. Professionally managed with a strong rental history, this investment offers a strong cap rate with secure income for investors looking to grow their portfolio.

Acres
0.66
Days on Market
14

Type: Residential Income
Subtype: Multi Family
Year Built: 2015
HOA Cost: 2400
HOA Frequency: Annually
Heating: Electric
Cooling: None
Levels: One

Listing Provided By McKenna Adams Commercial, Katie Adams

Additional Features

Appliances
Dryer, Washer
Association Amenities
Sidewalks, Trails
Association Fee
2400
Association Fee Frequency
Annually
Association Fee Includes
Road Maintenance
Association
Yes
City
Bozeman
Co List Agent Direct Phone
406-544-9004
Co List Agent Email
marleymckenna1385@gmail.com
Co List Agent Full Name
Marley Mc Kenna
Co List Office Name
Mc Kenna Adams Commercial
Contract Status Change Date
2026-02-16
Cooling
None
Cumulative Days On Market
9
Directions
South on Cottonwood from Huffine Lane, head west on W Babcock then take a left on Water Lily, headed south. The property will be the second building on the east side of the street.
Documents Count
4
Heating
Electric
Heating
Yes
Latitude
45.677490
Levels
One
Listing Contract Date
14
Listing Key
1153531184
List Price
3125000
Longitude
-111.109573
Lot Size Acres
0.66
Lot Size Square Feet
28750
MLS Area Major
Bozeman City Limits
MLS Area Minor
1 N W - Boz N of Main/ W of 19th
MLS Status
Active
Original List Price
3125000
Originating System Name
S W M T
Other Structures
Sheds
Parcel Number
R G G63515
Parking Features
Common
Patio And Porch Features
Balcony, Patio
Photos Count
22
Postal Code
59718
Property Sub Type
Multi Family
Property Type
Residential Income
Sewer
Public Sewer
Standard Status
Active
Stories
1
Subdivision Name
Norton Ranch
Tax Annual Amount
24978
Tax Legal Description
NORTON RANCH EAST SUB PHASE 1, S09, T02 S, R05 E, BLOCK 2, Lot 1, ACRES 0.66, PLAT J-503
Tax Year
2025
Unparsed Address
120 Water Lily Drive
Utilities
Sewer Available, Water Available
Water Source
Public
Year Built
2015

Let me show you this listing!

Information provided by Big Sky Country MLS is compiled from miscellaneous sources. Neither the Association, listing brokers, agents or subagents are responsible for its accuracy. MLS users should be advised and should advise prospective purchasers to verify all information regarding the property by their own independent investigation prior to submitting an offer to purchase the property.