2–4 Unit Multi-Family Financing in Stevensville, MT

2–4 Unit Multi-Family investing in Stevensville

A 2–4 unit property in Stevensville is still residential financing — it is underwritten on the 1025 Small Residential Income Property appraisal rather than a commercial rent roll, so you keep 30-year fixed terms while spreading vacancy risk across multiple doors. Losing one tenant in a duplex costs you roughly half your income instead of all of it.

At the Stevensville median of $590,000, a 2–4 unit multi-family prices near $932,200 for a typical duplex — small multifamily trades at a premium per building but a discount per door. Minimum down is 25% ($233,050), leaving a loan of $699,150. Estimated all-in PITIA runs about $5,959 per month.

Returns and structure

Return metrics at the Stevensville median for this product: an estimated cap rate of 5.68%, and monthly cash flow of $1,156 positive at 25% down. A file that cash-flows at the minimum down payment is the exception in Montana right now, and it gives you room to absorb an insurance renewal without going to the reserve account.