One of downtown Bozeman’s most flexible multi-unit offerings, 621 N Rouse Avenue delivers the kind of investment optionality buyers usually claim they want, then somehow overthink into oblivion. This separate . 24-acre parcel features three units, excellent parking, private entrances, and a strong rental foundation in one of Bozeman’s most recognizable downtown corridors. The property includes a primary 3-bedroom, 2-bath residence, with the potential to add an additional bedroom and create a 4-bedroom home, along with two single-level 1-bedroom, 1-bath units. A buyer could house hack by living in the larger residence while renting the smaller units, occupy one of the single-level units while leasing the main home, or hold all three as income-producing rentals. With city services, laundry areas, covered outdoor spaces, and easy access to Main Street, Fink’s, parks, trails, restaurants, and downtown amenities, the opportunities here are wide open. Purchase 621 N Rouse on its own, or pair it with neighboring 617 N Rouse (at a discount) for a larger five-unit downtown investment package.
Multi-familyProperty Type
1956Year Built
10,454 sq ftLot Size
Listed by Tamara Williams• Tamara Williams and Company
North East, located between Downtown Bozeman and Bridger Canyon, is a residential and mixed-use Bozeman neighborhood with tree-lined blocks and mountain views. The neighborhood’s character concentrates around North 7th Avenue and East Main Street, where coffee counters, local eateries, and small storefronts set a steady, walkable rhythm. Community pillars include the Ellen Theatre, the Emerson Center for the Arts & Culture, and the historic Baxter Hotel downtown. Housing leans to early- and mid-century homes with tidy yards, alongside newer infill near main corridors. Gallatin Valley farmland edges and Bridger foothill sightlines keep the landscape present. Parks and trail connections support an outdoors-forward routine without leaving town.
Provided by Walk Score and Local Logic
Market insights
621 N Rouse Ave · $1,250,000
DAYS ON MARKET
47 days
The average home goes pending in 213 days.
LIST PRICE
$1,250,000
Median list price in this area is $1,230,566. (2% lower than this home)
PRICE DROP
0 price drops
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Window coverings
Wood burning stove
Private entrance
Bedrooms
One unit with 3 bedrooms
Two end ground units with 1 bedroom each
Bathrooms
One unit with 2 bathrooms (1 full + 1 three-quarter)
Two units with 1 full bathroom each
Kitchen
Cooktop
Range
Refrigerator
Laundry & utility
Washer
Dryer
Washer hookup
Flooring
Tile
Other flooring
Heating & cooling
Wood stove heating
Baseboard heating
Ceiling fans
Cooling varies by unit
Exterior features
Covered patio/porch
Patio
Porch
Partial fencing
Has a view
Home design
Residential income property
Multi-family
Parking
Common parking
Gravel parking
On-street parking
Security
Smoke detectors
Construction
Asphalt shingle roof
Utilities
Public water
Public sewer
Electricity available
Water available
Sewer available
Paved road access
Financial info
Actual rent: one unit $2,850; another unit $1,750
Electricity and solar
View estimated energy costs and solar savings for this home
Rarely does a property this substantial become available in such a strategic Bozeman location. Offered together, 621 & 617 N Rouse Avenue consist of two separate parcels (6 lots) totaling approximately 0.48 acres with five existing rental units, creating a compelling opportunity for income, land position, and future potential. Set just outside the Cannery District with easy access to Main Street, local restaurants, coffee shops, farmers markets, parks, Bridger Bowl, and Bozeman’s northeast corridor, this property sits in an area that continues to evolve while still offering the character and convenience that make central Bozeman so desirable. The existing improvements provide immediate rental income potential, while the combined parcels create a broader canvas for an investor, developer, or long-term owner with vision. The property includes a mix of unit configurations, city sewer and water, paved road access, tree views, and RA zoning. Whether the next owner chooses to hold the property as a multi-unit investment, improve the existing structures, or explore the future potential of reshaping this corner of Bozeman, the offering is both practical and forward-looking. Opportunities with this combination of location, parcel size, existing income potential, and future flexibility are increasingly rare. Buyer and Buyer’s Agent to verify all information, including square footage, zoning, permitted uses, rental income, redevelopment options, and city requirements. (UNITS ARE OCCUPIED)
MRMLS #30077010
Aug 17, 2026
Listed
$1,250,000
+40
One of downtown Bozeman’s most flexible multi-unit offerings, 621 N Rouse Avenue delivers the kind of investment optionality buyers usually claim they want, then somehow overthink into oblivion. This separate . 24-acre parcel features three units, excellent parking, private entrances, and a strong rental foundation in one of Bozeman’s most recognizable downtown corridors. The property includes a primary 3-bedroom, 2-bath residence, with the potential to add an additional bedroom and create a 4-bedroom home, along with two single-level 1-bedroom, 1-bath units. A buyer could house hack by living in the larger residence while renting the smaller units, occupy one of the single-level units while leasing the main home, or hold all three as income-producing rentals. With city services, laundry areas, covered outdoor spaces, and easy access to Main Street, Fink’s, parks, trails, restaurants, and downtown amenities, the opportunities here are wide open. Purchase 621 N Rouse on its own, or pair it with neighboring 617 N Rouse for a larger five-unit downtown investment package. Listing agent must accompany all showings. Please contact Listing Agent to schedule. 24 hours' notice minimum as tenants are in place. Proof of funds must be available for all showing requests. All information is deemed reliable, Buyer and Buyer's Agent to verify--square footage is estimated as Cadastral does not break down units. OWNER PAYS LAWN CARE, SEWER, GARBAGE
MRMLS #30073685
May 15, 2026
Listed
$1,250,000
APPFOLIO #1
Sep 18, 2023
Rental Removed
$2,950
Sep 3, 2023
Listed for Rent
$2,950
Public Records
Jun 8, 2018
Sold
—
Public Records
Apr 11, 2001
Sold
—
Year
Property tax
Land + Additions
Assessment*
2025
$6,008 (−10.8%)
$543,834 + $409,940
$953,774
2024
$6,734 (+13.0%)
$543,834 + $409,940
$953,774
2023
$5,958 (+10.8%)
$505,399 + $420,940
$926,339
2022
$5,378 (+8.9%)
$505,399 + $420,940
$926,339
2021
$4,936 (+11.6%)
$385,679 + $252,650
$638,329
2020
$4,423 (−2.3%)
$385,679 + $252,650
$638,329
2019
$4,525 (+23.0%)
$297,707 + $220,920
$518,627
2018
$3,678 (+7.0%)
$297,707 + $220,920
$518,627
2017
$3,439
$209,121 + $181,460
$390,581
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
10,454 Sq. Ft.
Year renovated
1985
Finished Sq. Ft.
1,445
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,445
Year built
1956
Style
Single Family Residential
County
Gallatin County
APN
06-0799-06-3-07-14-0000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
R-2
Residential Moderate Density District
The intent of the R-2 residential moderate density district is to provide for one- and two-household residential development at urban densities within the city in areas that present few or no development constraints. These purposes are accomplished by: Providing for minimum lot sizes in developed areas consistent with the established development patterns while providing greater flexibility for clustering lots and housing types in newly developed areas.; Providing for community facilities to serve such development while respecting the residential quality and nature of the area.; Use of this zone is appropriate for areas with moderate access to parks, community services and/or transit.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Fire house
Police station
Housing-Mobile home park
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 88° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
7 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Bozeman, MT • 59715
Average low and high temperatures (°F)
34
17
39
18
52
32
55
32
67
43
73
48
85
57
81
54
75
48
60
37
46
28
43
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Bozeman. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.