616 Madison St Hamilton, MT 59840
Hamilton AreaEstimated payment $4,033/month
About This Home
Exceptional investment opportunity in the heart of Hamilton! This fully leased fourplex at 616 Madison Street and 320 7th Street offers immediate rental income with four well-maintained 2-bedroom, 1-bath units in one of the Bitterroot Valley's most desirable locations. Each unit features its own private laundry, providing added convenience and appeal for tenants, along with dedicated parking that includes one covered carport space and one additional uncovered space. Situated on two city lots, this property stands out as a rare investment opportunity. The generous land footprint provides flexibility for future enhancements or long-term appreciation. With strong current cash flow and room for future value creation, this is an ideal opportunity for investors seeking portfolio growth, a 1031 exchange property, or a well-positioned asset in the heart of Hamilton. Ideally situated within walking distance of downtown Hamilton's shops, restaurants, parks, and the popular seasonal farmers market, tenants enjoy convenient access to everything the community has to offer. Opportunities like this—with stable income, prime location, private in-unit laundry, and development potential—are increasingly hard to find.
Listing Agent
Glacier Sotheby's International Realty Missoula License #RRE-RBS-LIC-99726 Listed on: 06/29/2026
Co-Listing Agent
Glacier Sotheby's International Realty Missoula License #RRE-RBS-LIC-44952
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,999
Year Built
- Built in 1966
Parking
- 4 Carport Spaces
Home Design
- 3,016 Sq Ft Home
- Quadruplex
Laundry
- Laundry in Bathroom
- Washer Hookup
Utilities
- Separate Meters
- Phone Available
Additional Features
- Oven or Range
- 8,407 Sq Ft Lot
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 13146725423080000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,341 | $639,200 | $0 | $0 |
| 2024 | $4,261 | $550,200 | $0 | $0 |
| 2023 | $4,859 | $593,041 | $0 | $0 |
| 2022 | $3,364 | $367,624 | $0 | $0 |
| 2021 | $3,560 | $367,624 | $0 | $0 |
| 2020 | $2,575 | $243,780 | $0 | $0 |
| 2019 | $2,583 | $243,780 | $0 | $0 |
| 2018 | $2,347 | $216,375 | $0 | $0 |
| 2017 | $2,053 | $216,375 | $0 | $0 |
| 2016 | $2,183 | $214,010 | $0 | $0 |
| 2015 | $2,154 | $214,010 | $0 | $0 |
| 2014 | $2,188 | $129,274 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/20/2026 07/20/26 | Price Changed | $679,000 | -8.1% | $225 / Sq Ft | |
| 07/15/2026 07/15/26 | Price Changed | $739,000 | -2.6% | $245 / Sq Ft | |
| 06/29/2026 06/29/26 | For Sale | $759,000 | +30.9% | $252 / Sq Ft | |
| 10/19/2020 10/19/20 | Sold | -- | -- | -- | View Prior Sale |
| 08/28/2020 08/28/20 | For Sale | $580,000 | -- | $158 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | New Title Company Name | |
| Grant Deed | $725,000 | Other | |
| Deed | -- | -- |
Source: Montana Regional MLS
MLS Number: 30073290
APN: 13-1467-25-4-23-08-0000
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