$650,000
Studio
4 Baths
616 Madison St, Hamilton, MT 59840
We estimate this home will sell faster than 88% nearby.
Home Highlights
Multi-Family
Built in 1966
4 Carport Spaces
Local Information
- Map ViewExplore the area around 616 Madison St.
- Schools1 Preschool School3 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Exceptional investment opportunity in the heart of Hamilton! This 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.
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.
Last check for updates: about 21 hours ago
Listing courtesy of Jenifer Bain, (406) 396-1185
TheAgency Missoula
Kim Williams, (406) 546-6342
TheAgency Missoula
Source: MRMLS, MLS#30077335
Also Listed on MRMLS.
We estimate this home will sell faster than 88% nearby.
Home Details for 616 Madison St
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MLS Status: Active Under Contract |
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Beds & Baths Number of Bathrooms: 4 |
Appliances & Utilities Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Separate MetersAppliances: Range, RefrigeratorLaundry: Washer Hookup,In BathroomRefrigerator |
Fireplace & Spa No Fireplace |
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Exterior Home Features Foundation: Other |
Parking & Garage Number of Carport Spaces: 4Number of Covered Spaces: 4Has a CarportNo GarageParking Spaces: 4Parking: Carport |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 11 |
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Year Built Year Built: 1966 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Quadruplex, Multi Family |
Building Not a New Construction |
Property Information Parcel Number: 13146725423080000 |
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Price List Price: $650,000 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: Hamilton |
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Listing Agent Listing ID: 30077335 |
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Not Senior Community |
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Lot Area: 8407.08 sqft |
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Special Conditions: Standard |
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Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional, FHA |
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Mls Number: 30077335Living Area Range Units: Square Feet |
Around this home
What Locals Say about Hamilton
At least 27 Trulia users voted on each feature.
91 % Say car is needed
91 % Say it's dog friendly
87 % Say parking is easy
86 % Say yards are well-kept
83 % Say there's wildlife
72 % Say there are sidewalks
72 % Say it's walkable to grocery stores
72 % Say people would walk alone at night
69 % Say there's holiday spirit
67 % Say it's walkable to restaurants
67 % Say it's quiet
63 % Say they plan to stay for at least 5 years
60 % Say kids play outside
55 % Say neighbors are friendly
47 % Say there are community events
43 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
Market trends in Hamilton
Last updated July 2026
Avg. sale price
$493K
$12.5KMoM
Sale-to-List Price
—
Price per sq ft
$308
$1MoM
Available listings
167
3MoM
Home Value
Trulia Estimate
$644KSince last month
Decreased$12K (-1.8%)Since last year
Decreased$88K (-12%)Since last sale
Increased$64K (+10.9%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +252% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $644K |
| August 2026 | $656K |
| July 2026 | $655K |
| June 2026 | $810K |
| May 2026 | $754K |
| April 2026 | $744K |
| March 2026 | $765K |
| February 2026 | $795K |
| January 2026 | $734K |
2025 | |
2024 | |
2023 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.39 | Multi-Family Home | - | 12/02/25 | 7 | 7 | 3,500 | |
0.65 | Multi-Family Home | - | 07/01/26 | 6 | 3 | 1,200 | |
0.68 | Multi-Family Home | - | 02/12/26 | 3 | 3 | 2,626 | |
0.36 | Multi-Family Home | - | 12/02/25 | - | 8,000 | ||
0.63 | Multi-Family Home | - | 03/03/26 | 5 | - | ||
1.46 | Multi-Family Home | - | 07/07/26 | 4 | 3 | 2,150 | |
3.57 | Multi-Family Home | - | 11/07/25 | 8 | 4 | 3,504 | |
5.47 | Multi-Family Home | - | 01/15/26 | 8 | 8 | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | $374,100 | Studio | - | - | Off Market | |
0.04 | - | 3 | 2 | 1,296 | Recently Sold | |
0.08 | $333,600 | 2 | 1 | 1,024 | Off Market | |
0.08 | $499,900 | 2 | 2 | 1,396 | For Sale | |
0.05 | $642,000 | 4 | 2 | 1,886 | For Sale | |
0.09 | - | 3 | 2 | 1,288 | Recently Sold | |
0.10 | $467,100 | 3 | 1.5 | 1,535 | Off Market | |
0.07 | $599,300 | 3 | 2.5 | 2,032 | Off Market | |
0.11 | $367,200 | 3 | 2.5 | 1,500 | Off Market | |
0.11 | $506,100 | 4 | 2 | 1,608 | Off Market | |
0.12 | - | 2 | 1 | 1,187 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 31, 2026 Source: MRMLS #30077335 | Listed For Sale | $650,000 |
Aug 25, 2026 Source: MRMLS #30073290 | ListingRemoved | $679,000 |
Jul 20, 2026 Source: MRMLS #30073290 | PriceChange | $679,000 Price decreased by 8% |
Jul 15, 2026 Source: MRMLS #30073290 | PriceChange | $739,000 Price decreased by 3% |
Jun 29, 2026 Source: MRMLS #30073290 | Listed For Sale | $759,000 |
Jul 23, 2025 Source: MRMLS #30041663 | ListingRemoved | $780,000 |
May 8, 2025 Source: MRMLS #30041663 | PriceChange | $780,000 Price decreased by 10% |
Mar 13, 2025 Source: MRMLS #30041663 | Listed For Sale | $871,500 |
Oct 19, 2020 Source: MRMLS #22013962 | Sold | -- |
Aug 29, 2020 Source: Agent Provided | Listed For Sale | $580,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $3,687 | $652,350 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jenifer Bain, TheAgency Missoula
Agent Phone: (406) 396-1185
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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Frequently asked questions about 616 Madison St
- What is the estimated monthly payment for 616 Madison St?Based on a $650,000 list price with 20% down at today's rates, the estimated monthly payment for 616 Madison St in Hamilton, MT is approximately $3,881 (about $3,519 principal & interest, $287 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 616 Madison St compare to homes in Hamilton?616 Madison St in Hamilton, MT is listed at $650,000, about 32% above the $493K median sale price in Hamilton.
- What do residents say about Hamilton?Residents describe Hamilton, MT as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Hamilton, MT.
- What are the closest schools to 616 Madison St?The closest schools to 616 Madison St in Hamilton, MT are Daly School (Elementary, rated 5/10), Hamilton High School (rated 8/10), Hamilton Middle School (Elementary, rated 4/10).
- Does 616 Madison St have laundry facilities?Yes, 616 Madison St in Hamilton, MT has laundry facilities.
- Does 616 Madison St have parking?Yes, 616 Madison St in Hamilton, MT has on-site parking.
616 Madison St, Hamilton, MT 59840 is a studio, 4 bathroom multi-family built in 1966. This property is currently available for sale and was listed by MRMLS on Aug 31, 2026. The MLS # for this home is MLS# 30077335.