1392 E River, Pray, MT 59065
OFF MARKET

1392 E River
Pray, MT 59065

  • Studio
Studio
(on 5 acres)

Local Information

  • Map ViewExplore the area around 1392 E River.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Take a look at this historic, investment dream-property in the heart of Paradise Valley, just north of Yellowstone's only year-round entrance. Located just a few minutes from famous Chico Hot Springs and Emigrant, and a short drive to Yellowstone, while also a comfortable distance from Livingston/Bozeman. This property has it all: Breathtaking Montana views nestled near the foot of the Absaroka-Beartooth Wilderness with a dozen or more mountain peaks over 10, 000 in sight. This property also has a diverse rental income history, with room to explode rental income by taking advantage of new septic approvals for 8 cabins+ in the 3 acre unzoned field out back, 4 beautiful and modern STR units making excellent income, 1 RV spot, 1 LTR unit, management in place, and a historic and well-known General Store with a solid commercial tenant on month to month lease. This is a property steeped in history of Montana's Wild West and Park County, and was a focal point for the local community in the early 1900's. You can learn more about the town and its previous owners by searching "Last Best Stories Owning Pray". This is a cash-flowing property that has plenty of room to grow, and a diversified income. This property boasts over $300k+ in rental income for 2023, higher projected income for 2024, and with $100k in booked reservations for 2025. The property is composed of 3 brand new Amish built log cabins with 2 beds, 1 bath on crawlspace foundations and outfitted for turnkey STR operations. There is a newish (2008) duplex, updated recently (2019) features 1 outfitted and turnkey STR, and 1 LTR, on slab. Between the cabins and duplex is a US Post Office which draws traffic to the location, and whose lease renews every 5 years. Then, there is the General Store, a historic 1900's icon of Paradise Valley, which has a new lease as of the 3rd quarter of 2024. Tenant will be a bookshop/antique business. And finally, out back, there are an additional 3 acres of unzoned land with septic design approvals for an additional 8 cabins. Or you can redevelop that however you wish! The land out back is really a blank canvas waiting for the next ambitious owner to take the reins, and grow this property's income. PnL, projections, septic designs, and more, available for you and your CPA with a signed NDA and proof of funds. No owner financing. Listing agent has lease a month to month lease on General Store.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from August 05, 2025

Home Highlights

Parking
No Info
Outdoor
Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 1392 E River

Interior Features

Heating & Cooling
Heating: Baseboard, ElectricAir ConditioningCooling System: Ceiling Fans, Varies By UnitHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 2Floors: Hardwood

Exterior Features

Exterior Home Features
Roof: MetalGarden
Parking & Garage
Parking: Assigned Common Gravel Paved

Property Information

Year Built
Year Built: 2019
Property Type / Style
Property Type: Multi FamilyArchitecture: Contemporary, Custom

Lot Information

Lot Area: 0.00 Acres
Last check for updates: about 14 hours ago
Listed by Michael Rutkowski
eXp Realty, LLC
Bought with: Michael Schreiner, Benchmark Real Estate Brokers
Originating MLS: Big Sky Country Mls
Source: eXp Realty, MLS#396781

Price History for 1392 E River

DatePriceEventSource
08/04/2025--Sold
eXp Realty #150257325
06/17/2025$2,600,000ContingentBig Sky Country MLS #396781
09/17/2024$2,600,000Listed For SaleBig Sky Country MLS #396781

Market trends in Pray

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
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Price per sq ft
—
Available listings
10
2MoM
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Property Tax and Assessment

Year2018
Tax$39
Assessment$7,180
Home facts updated by county records

Comparable Sales for 1392 E River

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5 Avalon Ct, Emigrant, MT
2.91
Multi-Family Home
-
04/06/26
24
18
-
23 Caspari Way E, Emigrant, MT
3.92
Multi-Family Home
-
08/20/25
8
6
-

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Assigned Schools

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Apartments for Rent

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Homes for sale near 1392 E River

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Off Market Homes Near 1392 E River

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1392 E River, Pray, MT 59065 is a studio multi-family built in 2019. This property is not currently available for sale. 1392 E River was last sold on Aug 4, 2025 for $2,250,000 (13% lower than the asking price of $2,600,000).