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A rare development opportunity in Bozeman’s highly desirable northeast neighborhood. Truman Flats consists of two contiguous parcels totaling 3.40 acres in the heart of Canyon Gate, a thoughtfully planned mixed-use neighborhood near Story Mill Community Park, the M and Drinking Horse trails, and Bridger Creek Golf Course.

Fully entitled with City of Bozeman Site Plan approval for 148 multifamily units, providing a significant head start for development while allowing a purchaser to pursue an alternative plan consistent with applicable zoning and City requirements, and the overall vision of Canyon Gate. The approved Truman Flats concept includes 22 studios, 66 one-bedroom, 48 two-bedroom and 12 three-bedroom residences, averaging approximately 996 square feet.

While multifamily development opportunities exist elsewhere in Bozeman, Truman Flats presents a distinctly different opportunity to bring a significant new residential offering to the northeast side of the city—an established and highly sought-after area that has not historically seen multifamily development offered at this scale.

Just minutes from Downtown Bozeman’s vibrant Main Street, and convenient access to Bozeman Yellowstone International Airport and Bridger Bowl skiing, the location captures much of what continues to draw people and businesses to the Gallatin Valley. Bozeman’s growing technology and entrepreneurial economy, Montana State University, and exceptional access to outdoor recreation.

Adjacent to Canyon Gate’s planned 1.434-acre linear park and surrounded by future residential, commercial, parks and open space, Truman Flats combines meaningful development scale, completed entitlement work and a northeast Bozeman location that is exceptionally difficult to replicate.

• Acres
  3.4
• Days on Market
  48

Additional Features

• Association Amenities
  Trails
• Association Fee Frequency
  Monthly
• Association Fee Includes
  Road Maintenance, Snow Removal
• Association
  Yes
• City
  Bozeman
• Co List Agent Direct Phone
  (406) 579-0740
• Co List Agent Email
  chelsea@eralandmark.com
• Co List Agent Full Name
  Chelsea Stewart
• Co List Office Name
  E R A Landmark Real Estate
• Community Features
  Golf, Playground, Park, Sidewalks
• Contract Status Change Date
  2026-08-12
• Cumulative Days On Market
  36
• Directions
  N. on Rouse, Left on Story Mill, Right on Canyon Gate Blvd., Left on Maiden Spirit. 2 lots on right.
• Latitude
  45.704518
• Listing Contract Date
  2026-08-12
• Listing Key
  1191015603
• List Price
  7500000
• Longitude
  -111.018226
• Lot Features
  Level
• Lot Size Acres
  3.40000
• Lot Size Square Feet
  148104
• MLS Area Major
  Bozeman City Limits
• MLS Area Minor
  1 N E - Boz N of Main/ E of 19th
• MLS Status
  Active
• Original List Price
  7500000
• Originating System Name
  S W M T
• Ownership
  Full
• Parcel Number
  000000000 T B D
• Photos Count
  14
• Postal Code
  59715
• Property Sub Type
  Commercial
• Property Type
  Land
• Road Surface Type
  Paved
• Sewer
  Public Sewer
• Standard Status
  Active
• Subdivision Name
  Canyon Gate
• Tax Legal Description
  Lots 1 and 2 of Block 4 of Canyon Gate Subdivision. 3.4 Acres. Final Legal TBD by Title Company.
• Tax Year
  2026
• Unparsed Address
  T B D Maiden Spirit Street
• Utilities
  Electricity Available, Electricity Connected, Natural Gas Available, Sewer Available, Water Available
• View
  Mountains, Southern Exposure, Valley
• View
  Yes
• Water Source
  Public

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