Opportunity for a stabilized multi-family investment in Norton Ranch! This 12-plex offers tenants a neighborhood setting on the North West side of Bozeman, close to schools, parks, and amenities. Each unit is 2-bed, 2-bath (with the exception of Unit 1 which has 2-bed, 1-bath), open living with balconies or patios, parking, and a spacious storage unit. Professionally managed with a strong rental history, this investment offers a strong cap rate with secure income for investors looking to grow their portfolio. Keywords: 120 Water Lily Drive, Bozeman MT 59718, Bozeman, MT, Bozeman City Limits, 1NW – Boz N of Main/W of 19th, Gallatin County, Norton Ranch Subdivision, ResidentialIncome, MultiFamily, Luxury, Luxury Home MLS# 408877
This property located at 120 Water Lily Drive, Bozeman MT 59718 with the MLS Number 408877 is currently listed for $3,125,000 and was listed on 2026-02-16.
Property Area: 1NW - Boz N of Main/W of 19th Subdivision: Norton Ranch
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YEAR BUILT
2015
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ACRES
0.66
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LIST DATE
2026-02-16
- Price: $3,125,000
- Acres: 0.66
- Status: Active
- Type: MultiFamily
- Search Type: ResidentialIncome
- Category: MultiFamily
- MLS #: 408877
- City: Bozeman
- Zip: 59718
- Property Area: 1NW - Boz N of Main/W of 19th
- Subdivision: Norton Ranch
- Year Built: 2015
- Appliances: Dryer, Washer
- Heating/Cooling: Electric None
- Patio/Deck: Balcony,Patio
- Levels: One
- HOA Pay Period: Annually
- HOA Amount: 2400
- HOA Includes: RoadMaintenance
- Utility Services: SewerAvailable, WaterAvailable
- Parking Features: Common
- Other Structures: Sheds
- Listing Date: 2026-02-16
- Listing Agent: Katie Adams of McKenna Adams Commercial
- Search Terms: 120 Water Lily Drive, Bozeman MT 59718, Bozeman, MT, Bozeman City Limits, 1NW - Boz N of Main/W of 19th, Gallatin County, Norton Ranch Subdivision, ResidentialIncome, MultiFamily, Luxury, Luxury Home