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Behind dual front gates sits a rare multi-structure property offering exceptional flexibility and income-producing opportunity. The 2,409 square foot primary residence includes three bedrooms and two bathrooms and has been extensively upgraded with new wiring, HVAC, plumbing, insulation, membrane, wired smoke detectors, a Culligan water filtration and softening system, new 2x12 treated joists, new wood siding, and updated exterior lighting. The upstairs bathroom showcases an antique clawfoot tub with waxed water-repellent walls, adding character to a home that has been structurally strengthened and modernized. What sets this property apart is the scale of infrastructure already in place. In addition to the main residence, there is a fully separate cottage ready for occupancy with its own fenced private backyard and storage, creating immediate multi-unit potential. The large yard and expansive open space allow for clear separation between structures, enhancing privacy while supporting a multi-tenant or owner-occupy configuration. Multiple storage buildings throughout the property provide added value for tenants or business operations. An additional structure is ready to be built out as another cottage or bunkhouse, offering future expansion potential. Another detached building presents an ideal setup for a private office, studio, or small business headquarters on site. Three detached garage spaces — including a heated garage currently utilized as storage with baseboard heat, an insulated shop, and a covered lean-to — provide flexible use for tenants, storage, or revenue-generating purposes. The property offers abundant parking, including RV hookups, which further increase income potential and flexibility for both residential and business use. Supported by a 2,000-gallon septic system confirmed by Liberty Septic, the infrastructure is in place to accommodate a variety of multi-unit configurations (buyer to verify zoning and use allowances). Opportunities offering this level of privacy, infrastructure, expansion capability, and income potential in one cohesive package are increasingly rare.

• Acres
  1.01
• Days on Market
  42

Additional Features

• Appliances
  Dishwasher, Disposal, Microwave, Range, Refrigerator, Water Softener, Dryer, Washer
• Architectural Style
  Custom
• Association Amenities
  Water
• City
  Livingston
• Construction Materials
  Wood Siding
• Contract Status Change Date
  2026-03-06
• Cooling
  Central Air
• Cooling
  Yes
• Cumulative Days On Market
  1
• Directions
  I-90 E to U S-89 S/ Park St S in Livingston. Take exit 333 for U S-89 S toward City Ctr/ Yellowstone/ National Pk, House is on the left approx 3.3 miles - look for sign
• Documents Count
  2
• Exclusions
  Light over the diningroom table in Main House
• Fencing
  Log Fence, Perimeter, Split Rail
• Fireplace Features
  Gas
• Fireplace
  Yes
• Flooring
  Hardwood, Laminate, Tile
• Garage
  Yes
• Heating
  Forced Air, Wall Furnace
• Heating
  Yes
• Interior Features
  Fireplace, Vaulted Ceilings, Walk In Closets
• Latitude
  45.595478
• Levels
  Other
• Listing Contract Date
  42
• Listing Key
  1154746719
• List Price
  1300000
• Longitude
  -110.570567
• Lot Features
  Lawn, Landscaped
• Lot Size Acres
  1.01
• Lot Size Square Feet
  43996
• MLS Area Major
  Park County
• MLS Area Minor
  6 P V E - Liv Area - Paradise Valley E of 89 S
• MLS Status
  Active
• Original List Price
  1300000
• Originating System Name
  S W M T
• Other Structures
  Sheds, Well House, Workshop, Gazebo
• Ownership
  Full
• Parcel Number
  0003001000
• Parking Features
  Common, Garage, Paved, Garage Door Opener
• Patio And Porch Features
  Covered, Deck, Porch
• Photos Count
  59
• Postal Code
  59047
• Property Sub Type
  Multi Family
• Property Type
  Residential Income
• Road Surface Type
  Paved
• Roof
  Asphalt, Shingle
• Security Features
  Carbon Monoxide Detectors, Heat Detector, Smoke Detectors
• Sewer
  Septic Tank
• Standard Status
  Active
• Subdivision Name
  Rang
• Tax Annual Amount
  3271
• Tax Legal Description
  RANG SUBD, S11, T03 S, R09 E, PLAT 194A RANG SUB LOTS O,R,X LESS HWY PLAT 194A
• Tax Year
  2025
• Unparsed Address
  4964 U S Highway 89 S
• Utilities
  Electricity Available, Electricity Connected, Natural Gas Available, Septic Available, Water Available
• View
  Farmland, Mountains, Rural, Trees Woods
• View
  Yes
• Waterfront Features
  None
• Water Source
  Well
• Year Built
  1946

Let me show you this listing!