140 W Park, Butte, MT 59701
Local realty services provided by:ERA Landmark Real Estate
140 W Park,Butte, MT 59701
$2,600,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: clay seccomb
Office: platinum real estate
MLS#:413930
Source:MT_BZM
Price summary
- Price:$2,600,000
About this home
Welcome to the historic Stephens Hotel Building, an exceptional mixed-use investment opportunity located at 140–146 W Park Street in the heart of Uptown Butte, Montana. Positioned at the highly visible corner of Park Street and Montana Street, this landmark property has been thoughtfully renovated to preserve its historic character while incorporating modern systems and finishes throughout.
The building has undergone extensive improvements, including new plumbing, electrical, heating, and major infrastructure upgrades, creating a truly turn-key investment with immediate income and long-term appreciation potential.
The second and third floors feature 10 beautifully renovated residential apartments, designed to appeal to today's tenants while maintaining the building's original architectural charm. Spacious layouts, abundant natural light, modern kitchens with stainless steel appliances, updated bathrooms, and restored historic woodwork create an attractive living environment. Select units offer in-unit laundry, with additional common laundry facilities available for tenant convenience.
The main level consists of three commercial spaces and is currently occupied by two established restaurant tenants, with one tenant utilizing two of the commercial suites. These long-term tenants provide stable commercial income while benefiting from excellent visibility and strong foot and vehicle traffic along one of Uptown Butte's busiest corridors.
Ideally located just minutes from Intermountain Health, Montana Technological University, the Silver Bow County Courthouse, NorthWestern Energy Headquarters, and numerous local shops, restaurants, breweries, pubs, and entertainment venues, the property enjoys consistent demand from both residential and commercial tenants.
The Stephens Hotel Building delivers an impressive 7.4% cap rate, making it an even more compelling investment opportunity. With stable income, extensive renovations already completed, and additional upside through future rental growth, this property offers the rare combination of strong cash flow, long-term appreciation potential, and historic architectural distinction in one of Montana's most recognizable downtown districts.
Whether you're looking to expand your investment portfolio with a high-performing mixed-use asset or acquire a landmark property with lasting value, the Stephens Hotel Building presents an exceptional opportunity to own one of Uptown Butte's premier income-producing properties....
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Home facts
- Year built:1900
- Subdivision & Development:Other
- Listing ID #:413930
- Added:53 day(s) ago
- Updated:September 30, 2026 at 05:06 PM
Rooms and interior
- Flooring:Hardwood, Laminate, Tile
- Kitchen Description:Dishwasher, Microwave, Range, Refrigerator, Wet Bar
Heating and cooling
- Heating:Baseboard, Electric
Structure and exterior
- Roof:Rolled Hot Mop
- Year built:1900
- Lot area:0.1 Acres
- Construction Materials:Brick
- Levels:3 Stories
Utilities
- Water:Water Available
- Sewer:Sewer Available
Finances and disclosures
- Price:$2,600,000
- Tax amount:$9,955 (2025)
Features and amenities
- Laundry features:Washer Hookup
- Amenities:WalkInClosets
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