Gallatin County MT Homes for Sale

• 

  

  

  /26

  $595,000

  • Land
  • 0.63 Acre
  • $947,452 per Acre

  64 Swayback Ln, Four Corners, MT 59718

  Simply one of the very best building sites in the Bozeman area, this spectacular homesite is perched on a raised bluff overlooking the exclusive Black Bull Golf Club. The .62-acre parcel captures an extraordinary panorama that feels expansive and elevated. To the south and west, the landscape opens to sweeping vistas of the Spanish Peaks, the rugged Tobacco Root Mountains, and the beautiful

  Ami Sayer Berkshire Hathaway - Bozeman

  64 Swayback Ln, Four Corners, MT 59718
• 

  

  

  /46

  $1,899,000

  • 4 Beds
  • 3.5 Baths
  • 5,888 Sq Ft

  2915 Branding Iron Rd, Bozeman, MT 59715

  Experience the best of Montana living in this beautifully crafted custom home. Situated in the stunning foothills of the Bridger Mountains, this property offers over an acre of peacefulness and fantastic opportunities for entertaining. The main floor features a spacious primary bedroom with a well-appointed ensuite bathroom and a walk-in closet. The kitchen boasts attractive granite countertops,

  Sue Frye ERA Landmark Real Estate

  2915 Branding Iron Rd, Bozeman, MT 59715
• 

  

  

  /64

  $1,100,000 Open Sun 1PM - 3PM

  • 5 Beds
  • 3 Baths
  • 3,075 Sq Ft

  66 Oxbow Ln, Manhattan, MT 59741

  Welcome to Manhattan's beautiful Pioneer Crossing subdivision—a community with tree-lined streets, sidewalks, and parks that offers small-town Montana charm just 20 minutes from Bozeman.This home stands apart with over $150,000 in mature, professionally installed landscaping that's already established and creating exceptional curb appeal. The outdoor spaces are complete and beautiful from day

  Chelsea Stewart ERA Landmark Real Estate

  66 Oxbow Ln, Manhattan, MT 59741
• 

  

  

  /17

  $879,000 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,522 Sq Ft

  215 Sage Grouse Dr, Bozeman, MT 59718

  Incredible new construction home in Gallatin Meadows offering a thoughtfully designed two-story layout, inviting living spaces, and quality finishes throughout. The main level features an open kitchen, dining, and living area centered around a gas fireplace, creating a warm and comfortable setting for everyday living and entertaining. The kitchen includes a spacious island, quartz countertops,

  Kelsey Renevier Coldwell Banker Distinctive Pr

  215 Sage Grouse Dr, Bozeman, MT 59718
• 

  

  

  /18

  $887,500 New Construction

  • 4 Beds
  • 2.5 Baths
  • 2,451 Sq Ft

  191 Sage Grouse Dr, Bozeman, MT 59718

  This newly constructed home in Gallatin Meadows offers a welcoming layout, clean lines, and carefully selected finishes that make everyday living feel easy and comfortable. The main level features an open floor plan connecting the kitchen, dining, and living areas, creating a space that feels open and inviting without being oversized. The kitchen is thoughtfully designed with quartz countertops,

  Kelsey Renevier Coldwell Banker Distinctive Pr

  191 Sage Grouse Dr, Bozeman, MT 59718
• 

  

  /14

  $885,000 New Construction

  • 4 Beds
  • 3 Baths
  • 2,430 Sq Ft

  233 Sage Grouse Dr, Bozeman, MT 58718

  This thoughtfully designed new construction home offers comfortable living spaces, a functional floor plan, and a layout that feels both open and intentional. The main level features a seamless connection between the kitchen, dining, and living areas—ideal for everyday living and entertaining—anchored by a gas fireplace that adds warmth and character to the space. The kitchen includes a spacious

  Kelsey Renevier Coldwell Banker Distinctive Pr

  233 Sage Grouse Dr, Bozeman, MT 58718
• 

  

  /39

  $1,745,000

  • 4 Beds
  • 3.5 Baths
  • 4,010 Sq Ft

  2842 Tierra Ln, Bozeman, MT 59718

  A modern masterpiece that seamlessly blends cutting-edge building technology with thoughtful, contemporary design. This 4 bedroom, 3.5 bath home offers exceptional flexibility, featuring two primary suites and a spacious main-level bonus room ideal for a home office, gym, or additional living space. An attached 847± sq ft ADU with a private entrance presents a rare opportunity for supplemental

  

  Everdawn Charles

  Keller Williams Montana Realty

  (406) 709-6292

  2842 Tierra Ln, Bozeman, MT 59718
• 

  

  /18

  $599,000

  • 2 Beds
  • 1 Bath
  • 805 Sq Ft

  25 Bridger Pines Rd, Bozeman, MT 59715

  Rare Ski-In/Ski-Out Opportunity at Bridger Bowl – Bridger Pines Legacy Condo. Discover an exceptional chance to own a ski-in/ski-out condo directly at the base of Bridger Bowl Ski Area — one of the most sought-after locations in the greater Bozeman area. The coveted Bridger Pines “Legacy” condos rarely come to market and offer unbeatable value compared to similar properties at Big Sky or Jackson

  Christy Seeley Delger Real Estate

  25 Bridger Pines Rd, Bozeman, MT 59715
• 

  

  /36

  $689,000

  • 4 Beds
  • 2.5 Baths
  • 2,768 Sq Ft

  403 N 18th Ave, Bozeman, MT 59715

  4 bedroom, 2.5 bath home in northeast Bozeman. 403 N 18th Ave is centrally located for easy access to downtown shops, restaurants, schools, and Montana State University as well as the larger grocery stores, shopping and amenities the newer west Bozeman commercial areas have to offer. With over 2700sf of living space, there is no shortage of room for family, friends, roommates and privacy. The

  Eddie Steinhauer McCaw, DeVries, Steinhauer & Co.

  403 N 18th Ave, Bozeman, MT 59715
• 

  

  /50

  $1,299,000

  • 4 Beds
  • 2 Baths
  • 2,430 Sq Ft

  723 S 5th Ave, Bozeman, MT 59715

  A timeless Southside Bozeman bungalow, thoughtfully reimagined for modern living, set directly across from the beloved Southside Park. This rare downtown residence pairs the architectural character of a 1940s home with contemporary updates and exceptional flexibility—just minutes from Montana State University and the heart of Bozeman. Spanning approximately 2,430 square feet, this thoughtfully

  Amy Alvarado Realty One Group Peak

  723 S 5th Ave, Bozeman, MT 59715
• 

  

  /21

  $699,000

  • 2 Beds
  • 2 Baths
  • 1,308 Sq Ft

  515 W Aspen St Unit 314, Bozeman, MT 59715

  Bright and spacious 2-bedroom, 2-bath loft-style condo offering breathtaking panoramic views of the Bridger Mountains through oversized windows. Designed with comfort and versatility in mind, this open-concept residence is ideal for both part-time owner occupancy and rental use. The flexible loft layout provides ample space for gathering, along with a first floor bedroom and 3/4 bathroom and a

  Elizabeth Nitz Range Properties

  515 W Aspen St Unit 314, Bozeman, MT 59715
• 

  

  /78

  $1,249,000

  • 2 Beds
  • 2 Baths
  • 1,542 Sq Ft

  620 E Cottonwood St Unit 203, Bozeman, MT 59715

  Motivated to Sell! Discover the perfect blend of style, convenience, and low-maintenance living at 620 E Cottonwood Unit 203. Located in a highlysought-after Northeast Bozeman neighborhood, this contemporary unit offers a lock-and-leave lifestyle without compromising on quality oraccessibility. Unit 203 is designed for effortless Northeast Bozeman living. The interior features an

  graham miles Outlaw Realty

  620 E Cottonwood St Unit 203, Bozeman, MT 59715
• 

  

  /49

  $549,000

  • 3 Beds
  • 2.5 Baths
  • 1,704 Sq Ft

  352 Pond Lily Dr, Bozeman, MT 59718

  This comfortable townhome has lots of natural light from south facing windows and sits next to subdivision open space. Well-appointed kitchen includes large center island, tile backsplash and stainless-steel appliance package. The living room, dining room and kitchen join to promote an enjoyable atmosphere for gathering friends and family. Sliding door access from dining to extended concrete

  Erin Goff Berkshire Hathaway - Bozeman

  352 Pond Lily Dr, Bozeman, MT 59718
• 

  

  /20

  $1,500,000

  • Land
  • 13.9 Acres
  • $107,914 per Acre

  323 W Ivy St, Three Forks, MT 59752

  Just outside Three Forks city limits and adjacent to Three Forks Airport, this 13.9-acre property offers rare flexibility with no covenants and no current zoning. Positioned near town with strong future potential, the City’s future land use map generally recommends this area for commercial use and may support industrial or work/live concepts, subject to City review and approvals. The property is

  

  Tamara Williams

  Tamara Williams and Company

  (406) 796-3210

  323 W Ivy St, Three Forks, MT 59752
• 

  

  /54

  $539,000

  • 2 Beds
  • 1.5 Baths
  • 856 Sq Ft

  309 E Beall St, Bozeman, MT 59715

  Downtown Bozeman Investment Opportunity just 3 Blocks to Main Street. Bring your vision and your contractor. This is a rare chance to secure a footprint in one of Bozeman’s most coveted neighborhoods. With "fixer-upper" potential, it's ideal for investors or buyers seeking to renovate or build in a historic urban area. Some improvements have already been completed including a new roof, new

  Erin Goff Berkshire Hathaway - Bozeman

  309 E Beall St, Bozeman, MT 59715
• 

  

  /38

  $825,000

  316 N 10th Ave, Bozeman, MT 59715

  We are pleased to present this excellent investment property located just blocks from Main Street and Bozeman High School. The upper unit features three bedrooms, 1.5 baths, hardwood floors, a large galley kitchen, dining area and a bright, spacious living room. The lower level includes three bedrooms, one full bath, a dedicated laundry room, and an open living, dining, and kitchen area and

  Sue Frye ERA Landmark Real Estate

  316 N 10th Ave, Bozeman, MT 59715
• 

  

  /10

  $245,000

  • Land
  • 0.24 Acre
  • $1,016,598 per Acre

  408 S Main St, Three Forks, MT 59752

  Rare investment opportunity featuring 75 feet of Main Street frontage, lot 4,5 and 6 in downtown Three Forks. This high-visibility commercial lot offers strong development potential in a growing market, making it ideal for investors seeking long-term appreciation and income generation. Zoned to support commercial or mixed-use development, the property is well-suited for retail, or an office

  Charles Eastty eXp Realty, LLC

  408 S Main St, Three Forks, MT 59752
• 

  

  /100

  $1,998,000

  • 3 Beds
  • 3 Baths
  • 2,494 Sq Ft

  5 W Mendenhall St Unit 510, Bozeman, MT 59715

  Offering the ideal blend of luxury, space, and location, this 3-bedroom, 3-bath penthouse at 5 W Mendenhall Street, Unit 510 delivers elevated living in the heart of downtown Bozeman. Perched on the top floor of one of the city’s most sought-after luxury buildings, this nearly 2,500-square-foot residence showcases refined design, expansive living spaces, and sweeping mountain views. A

  Lisa Collins Berkshire Hathaway - Bozeman

  5 W Mendenhall St Unit 510, Bozeman, MT 59715
• 

  

  /63

  $535,000

  • 4 Beds
  • 2.5 Baths
  • 1,771 Sq Ft

  65 Little Brook Ln, Belgrade, MT 59714

  Welcome home to one of Belgrade, Montana’s best buy-now opportunities! This 4-bedroom, 2.5-bathroom single-family home is set on the west end of River Rock subdivision close to schools, paths, and a neighborhood pond, with the kind of everyday convenience Gallatin Valley buyers look for. Inside, you get the space that actually works: two separate living areas, an upstairs living room plus a

  Clint Struble Keller Williams Montana Realty

  65 Little Brook Ln, Belgrade, MT 59714
• 

  

  /58

  $1,350,000

  • 7 Beds
  • 5.5 Baths
  • 4,755 Sq Ft

  532 Gallatin Ave, West Yellowstone, MT 59758

  Imagine having the space to host and gather all just minutes from the West entrance to Yellowstone National Park. This 2022-built home in the Madison Addition offers 7 bedrooms and 5.5 bathrooms in a thoughtfully designed layout. 532 Gallatin features multiple living areas that invite connection while still allowing for privacy and versatility. Whether you’re hosting, accommodating guests, or

  Cassandra Farr The Agency Bozeman

  532 Gallatin Ave, West Yellowstone, MT 59758
• 

  

  /19

  $295,000

  • 1 Bed
  • 1 Bath
  • 661 Sq Ft

  122 E Main St Unit 103, Manhattan, MT 59741

  Discover small-town charm in the heart of Manhattan, MT! This beautifully remodeled 1-bedroom, 1-bath condo is perfectly located right on historic Main Street. With quick access to the highway you're only 24 minutes from downtown Bozeman. Inside, you’ll love the fresh updates, including LVP flooring, soft-closing drawers, and stainless steel refrigerator and dishwasher. The thoughtful

  Patrick Callaghan Realty One Group Peak

  122 E Main St Unit 103, Manhattan, MT 59741
• 

  

  /36

  $425,000

  • 1 Bed
  • 1 Bath
  • 793 Sq Ft

  75 Highnoon Way Unit B, Bozeman, MT 59718

  Experience the ultimate "lock-and-leave" lifestyle in this stunning end unit Cottage at Black Bull, Bozeman’s premier private community. Perfectly positioned just steps from the championship golf course, Bar 72 restaurant and bar, fitness center, and resort-style pool, this luxury 1-bedroom condo offers effortless access to world-class amenities and groomed Nordic trails. Inside, the oversized

  Chelsea Stewart ERA Landmark Real Estate

  75 Highnoon Way Unit B, Bozeman, MT 59718
• 

  

  /11

  $1,800,000

  • Land
  • 39.97 Acres
  • $45,034 per Acre

  TBD Bear Den Court Rd, Big Sky, MT 59716

  Own a piece of Montana with this premier 39.97-acre property, a rare gem in the heart of Big Sky. This expansive parcel directly borders the National Forest, providing a private gateway to pristine wilderness and unlimited reacreation. Imagine waking up to sweeping views of the Spanish Peaks before stepping directly onto the community cross-country skiing route that winds through the land.

  Dillon Binstock Clearwater Montana Properties

  TBD Bear Den Court Rd, Big Sky, MT 59716
• 

  

  /51

  $1,899,000

  • 3 Beds
  • 5 Baths
  • 3,762 Sq Ft

  250 Silver Run Rd, Gallatin Gateway, MT 59730

  The quintessential neighborhood retreat, perfectly positioned at the end of a quiet cul-de-sac. This beautifully crafted post-and-beam residence offers three bedrooms and four baths, with sweeping views of the Porcupine Elk Preserve from many of its sun-filled windows. In the summer months, charming window boxes overflowing with Montana wildflowers welcome you to the front door. Upon entering, a

  Shawna Winter The Big Sky Real Estate Co.

  250 Silver Run Rd, Gallatin Gateway, MT 59730
• 

  

  /73

  $2,695,000

  419 S 3rd Ave, Bozeman, MT 59715

  Opportunity knocks - This unique and high performing triplex offers a trifecta of built-in value: a historic footprint, a proven income stream for over 25 years and a coveted location in the heart of historic Bozeman. First time on market in over 25 years! Situated just blocks from Main Street shopping, dining and amenities and minutes to Montana State University, this property is the perfect

  Marcie Hahn-Knoff Knoff Group Real Estate

  419 S 3rd Ave, Bozeman, MT 59715
• 

  

  /85

  $2,995,000

  • 4 Beds
  • 4.5 Baths
  • 5,265 Sq Ft

  31 Lady Bug Ln, Bozeman, MT 59715

  Sitting in a peaceful, aspen grove setting, this stunning modern retreat offers a rare blend of architectural sophistication, comfort, and convenience. Thoughtfully designed with clean lines that seamlessly integrate with the surrounding natural beauty, the home is ideally located between Bozeman, Belgrade, and Big Sky making outdoor adventure, dining, and travel easily accessible. Inside,

  Claire Gillam Berkshire Hathaway - Bozeman

  31 Lady Bug Ln, Bozeman, MT 59715
• 

  

  /48

  $1,015,000

  1604 Maple Ln, Bozeman, MT 59715

  This is a college student's dream rental! This duplex is located off Lincoln, with easy walking access to the MSU campus. The property has a huge yard and detached garage that offers +1,000SF of storage! Plenty of parking to accommodate all tenants. Ground floor unit features 4 bedrooms, 2 full baths, a mud room, laundry room, two living rooms and a large kitchen. The second floor unit features 4

  Marley McKenna McKenna Adams Commercial

  1604 Maple Ln, Bozeman, MT 59715
• 

  

  /58

  $2,650,000

  • 4 Beds
  • 5 Baths
  • 4,194 Sq Ft

  201 & 201 1/2 N Black Ave, Bozeman, MT 59715

  An exceptional expression of luxury in the heart of downtown Bozeman, this highly sought-after Block M custom townhome offers refined urban living at its finest. Impeccably designed and richly upgraded, this coveted corner-unit residence features a light-filled open floor plan with sophisticated finishes and effortless flow for both everyday living and elevated entertaining. The home is

  Jackie Miller PureWest Real Estate Big Sky

  201 & 201 1/2 N Black Ave, Bozeman, MT 59715
• 

  

  /22

  $625,000

  • 3 Beds
  • 2.5 Baths
  • 1,744 Sq Ft

  3856 Blondie St, Bozeman, MT 59718

  Welcome to this bright and modern end-unit condo featuring 3 bedrooms and 2.5 bathrooms, located in one of Bozeman’s most convenient west-side neighborhoods. This 1,744 sq. ft. home offers the perfect blend of low-maintenance living and contemporary style. The open main level includes large windows, abundant natural light, and a functional layout that flows seamlessly from the living area to the

  Elizabeth Dellwo Realty One Group Peak

  3856 Blondie St, Bozeman, MT 59718
• 

  

  /25

  $498,000

  • 1 Bed
  • 1 Bath
  • 660 Sq Ft

  5 W Mendenhall St Unit 414, Bozeman, MT 59715

  Embrace effortless downtown living in this bright and stylish condo at 5 W Mendenhall Street, Unit 414, perfectly situated in the heart of Bozeman’s vibrant downtown district. This one-bedroom, one-bath residence offers an ideal blend of comfort, modern design, and low-maintenance luxury. With approximately 660 square feet of thoughtfully designed living space, this fourth-floor unit features an

  Lisa Collins Berkshire Hathaway - Bozeman

  5 W Mendenhall St Unit 414, Bozeman, MT 59715
• 

  

  /28

  $109,000

  • Land
  • 0.39 Acre
  • $280,206 per Acre

  TBD Moose Dr, West Yellowstone, MT 59758

  Build your Montana dream on this level 0.389-acre lot in Hebgen Lake Estates, positioned between Hebgen Lake's legendary fishing waters and Yellowstone's west entrance. This ready-to-build parcel offers sweeping views and captures authentic Southwest Montana living where wildlife roam and world-class recreation is at your doorstep. Electric service is available nearby, with public water and sewer

  Tyler Johnson Windermere Great Divide-Bozeman

  TBD Moose Dr, West Yellowstone, MT 59758
• 

  

  /52

  $725,000

  • 3 Beds
  • 2.5 Baths
  • 1,950 Sq Ft

  73 Ramshorn Peak Ln, Bozeman, MT 59718

  This bright and charming 3-bedroom, 2.5-bath single-family home offers an open layout that’s perfect for everyday living and entertaining. The main level flows seamlessly from the dining area into the kitchen and living room, where thoughtful upgrades shine including stone countertops, stainless steel appliances, a tiled backsplash and feature wall and a limestone fireplace with a rustic wood

  Nicole Locati Berkshire Hathaway - Bozeman

  73 Ramshorn Peak Ln, Bozeman, MT 59718
• 

  

  /65

  $1,225,000 Open Sun 12PM - 2PM

  • 4 Beds
  • 2.5 Baths
  • 2,506 Sq Ft

  254 Pattee Trail, Bozeman, MT 59718

  This exceptional Middle Creek Parklands home offers true single-level living at its finest. Backing to the expansive open space to provide wonderful morning sunrises and sweeping Bridger Mountain views. The spacious, open-concept floor plan features 4 bedrooms, 2.5 bathrooms, and 2,506 square feet of thoughtfully designed living space, complemented by a three-car tandem garage with epoxy floors

  Claire Gillam Berkshire Hathaway - Bozeman

  254 Pattee Trail, Bozeman, MT 59718
• 

  

  /50

  $2,595,000

  • 4 Beds
  • 3.5 Baths
  • 2,728 Sq Ft

  15 Crail Ranch Dr Unit 15, Big Sky, MT 59716

  Experience the best of Big Sky mountain living in this beautifully appointed Crail Ranch end-unit condo. Offering 4 bedrooms and 3.5 baths, this spacious residence blends rustic charm with comfort and functionality. The open-concept living area is anchored by a stunning stone fireplace, creating a cozy gathering space after days spent on the mountain. A large loft adds flexibility for additional

  Jeff Helms The Big Sky Real Estate Co.

  15 Crail Ranch Dr Unit 15, Big Sky, MT 59716
• 

  

  /53

  $1,799,000

  740 Rogers Way, Bozeman, MT 59718

  This newly built triplex blends modern design with everyday functionality—ideal for investors, multi-generational living, or buyers looking to offset their mortgage with rental income. Each unit is thoughtfully laid out with abundant natural light, open-concept living areas, and clean, contemporary finishes throughout. The main level welcomes you with a bright entry and a flexible bedroom or home

  Kelsey Renevier Coldwell Banker Distinctive Pr

  740 Rogers Way, Bozeman, MT 59718
• 

  

  /48

  $405,000

  • 3 Beds
  • 2 Baths
  • 1,308 Sq Ft

  3016 W Villard St Unit 2B, Bozeman, MT 59718

  Well-maintained three bedroom, two bath condo in the desirable Morgan Creek community. This private end unit offers excellent natural light, a quiet west side location, and a covered patio. The functional layout includes a spacious living and dining area, a bright kitchen with ample storage, pantry, and newer range, plus a primary suite with walk-in closet and en-suite bath. Two additional

  Alicia Rutz Small Dog Realty

  3016 W Villard St Unit 2B, Bozeman, MT 59718
• 

  

  /24

  $435,000

  • 3 Beds
  • 2 Baths
  • 1,568 Sq Ft

  121 Gravel Hollow Dr, Bozeman, MT 59718

  Detached condo with 3 bedrooms! This unit has been updated to include all new laminate flooring, new paint, new tile flooring in the bathrooms & new vanities in both bathrooms, and new appliances. Ground level was previously a garage & has been turned living quarters with a bedroom, bathroom, and living space. Upstairs is the kitchen, two bedrooms, one full bathroom with laundry and a comfortable

  Donnie Olsson Donnie Olsson Real Estate

  121 Gravel Hollow Dr, Bozeman, MT 59718
• 

  

  /48

  $3,500,000

  • 5 Beds
  • 4.5 Baths
  • 4,292 Sq Ft

  372 Chief Joseph Trail, Big Sky, MT 59716

  This beautifully crafted mountain residence offers a thoughtfully designed living space with five bedrooms and four-and-a-half bathrooms, ideally situated within the coveted Sweet Grass Hills community in Big Sky’s Meadow Village. Set just off Lone Mountain Trail, the home enjoys a quiet neighborhood setting, sweeping mountain views, and convenient proximity to the heart of Big Sky. The interior

  Ania Bulis Big Sky Sotheby's

  372 Chief Joseph Trail, Big Sky, MT 59716
• 

  

  /38

  $1,179,000

  • 2 Beds
  • 2.5 Baths
  • 1,673 Sq Ft

  25 Duckhorn Ln Unit C, Bozeman, MT 59718

  Experience the ultimate in Montana living with this custom-designed walkout Villa, perfectly positioned to capture sweeping views of the golf course, sparkling ponds, and the Tobacco Root Mountains. Inside, every detail has been thoughtfully curated with rich wall treatments, custom window coverings, and high-end finishes throughout. The open-concept living and kitchen area is designed for

  Tara Rigg Black Bull Realty LLC

  25 Duckhorn Ln Unit C, Bozeman, MT 59718
• 

  

  /51

  $3,250,000

  477 Reese Creek Rd, Belgrade, MT 59714

  Rare opportunity to own a remarkable property offering open space, live water, two residences, and historic charm. The property features expansive mountain and valley views. Fully fenced, horse-ready pastures and two large metal barns make this an ideal setup for livestock or equestrian use. The extensively updated original farmhouse offers 2 bedrooms, 1 bathroom, and a large fenced yard. A 2003

  Erica Heinrich Keller Williams Montana Realty

  477 Reese Creek Rd, Belgrade, MT 59714

Showing Results 161 - 200, Page 5 of 18