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$1,399,000
412106 MLS
Missile Apartments presents a rare opportunity to acquire a 24-unit multifamily investment property in Conrad, Montana, consisting of three separate 8-plex buildings situated on a spacious and well-maintained site. The property offers an attractive unit mix of twenty-one 2-bedroom, 1-bathroom apartments and three 1-bedroom, 1-bathroom apartments, serving a broad tenant base and providing stable workforce housing in a market with limited rental inventory. Originally developed and operated as an affordable housing community, the property is no longer subject to income or rent restrictions, creating a compelling value-add opportunity for investors. Current rental rates remain below market levels, providing future ownership with the ability to gradually reposition the property toward market-rate rents while benefiting from continued demand for quality rental housing in the area. In addition to rental upside, investors may have the opportunity to improve overall property performance through operational efficiencies and expense management. Historical operating expenses reflect the property's prior affordable housing structure and may not represent a fully optimized market-rate operation. As a result, future ownership may be able to enhance net operating income through both revenue growth and expense reductions. The property features mature landscaping, attractive green spaces, ample off-street parking, and a well-maintained physical plant, providing residents with a desirable living environment while minimizing future capital expenditure concerns. The three-building configuration also offers operational flexibility and diversification within a single investment. Offered at a price substantially below its current tax-appraised value, Missile Apartments represents an exceptional opportunity to acquire a sizeable multifamily asset with existing cash flow, significant upside potential, and a clear path toward increased value through strategic management and market-rate repositioning. Opportunities of this scale are uncommon in North Central Montana, making this a compelling acquisition for investors seeking both stability and long-term appreciation potential.

1000 4th Avenue SW, Conrad
$150,000
409979 MLS
Step into a piece of Montana’s agricultural legacy with this unique commercial offering in the heart of Conrad. Spanning 1.527± acres, this property is anchored by a historic grain elevator dating back to 1910, accompanied by additional structures built between 1950 and 1975. Rich with character and history, the site reflects generations of agricultural use in one of the most productive farming regions in the state. While the structures show their age, they present potential for continued use, including grain storage capabilities estimated at approximately 269,000 bushels according to public records. The expansive lot allows ample room for semi-truck access, maneuverability, and operations—an essential feature for agricultural or commercial functionality. Located in Montana’s renowned Golden Triangle, this property is surrounded by fertile ground known for producing high-quality grains and pulse crops, making it an ideal setting for those looking to invest in or be part of a working agricultural community.

120 4th Avenue SE, Conrad
$150,000
409977 MLS
Conrad lies in Montana's legendary Golden Triangle, on which this 6.36-acre blank-canvas parcel offers a rare opportunity to plant roots in one of the state's most productive agricultural regions. With electricity already on-site and direct railway access, this property is primed and ready for your vision. Conrad sits where golden wheat fields stretch endlessly toward the Rocky Mountain Front — and the grain doesn't stop moving when the harvest ends. This property's railway access makes it an ideal location for businesses that move agricultural commodities, equipment, or supplies efficiently and cost-effectively. Think grain storage and handling facilities, fertilizer and seed distribution, implement storage, or cold storage operations. The ability to ship and receive product directly by rail is a significant competitive advantage in a region built on the movement of grain and livestock. The expansive acreage lends itself naturally to large-scale storage buildings, and the flat, workable land keeps construction costs low and usable square footage high. A separate building is also available for purchase on the property, offering immediate operational potential from day one. Conrad serves as the county seat of Pondera County — a community deeply rooted in agriculture and well-connected to regional markets. Whether you're looking to serve the local farming community or establish a rail-connected distribution hub, the demand is here and the infrastructure supports it. When the workday ends, world-class fishing, hunting along the Rocky Mountain Front, and Glacier National Park are practically at your doorstep. Bring your entrepreneurial spirit and your business plan!

4th Avenue SE, Conrad