616 Madison Street, Hamilton, MT 59840
Ravalli County
Key Facts
Description
Exceptional investment opportunity in the heart of Hamilton! This fully leased 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.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1966
Living Area
3,016 sq ft
Lot Size
0.19 acres
Days on Market
21
MLS® Listing#
30073290
Property Features
Appliances
Laundry
Foundation
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$3,999
Tax year 2025
Parcel Number
13146725423080000
Directions
Corner of Madison and South 7th, Hamilton. Google/Apple maps will guide you there.
Affordability Calculator
$135,800
Estimated monthly payment
$3,614/mo
Principal $543,200 · Est. interest $757,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hamilton, MT
- $566,667
- Median Listing Price
- 60
- Median Days on Market
- 1,751
- Median Sq Ft
- $376
- Median Price / Sq Ft
- 155
- Active Listings
- This home’s price is 20% above the area median.
- Its price per sq ft is 40% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hamilton, MT.
Location
Points of Interest in Hamilton, MT
Showing the Hamilton area map.
Nearby Schools
Hamilton Middle School
Secondary · 0.1 mi away
Evergreen Kids Corner
School · 0.2 mi away
Ravalli Early Head Start
School · 0.3 mi away
Washington Elementary School
Elementary · 0.3 mi away
Evergreen Montessori
Elementary · 0.7 mi away
Daly Elementary
Elementary · 0.8 mi away
Blodgett View Christian School
School · 1.0 mi away
Ravalli Head Start
School · 1.0 mi away
Hamilton High School
Secondary · 1.3 mi away
Hamilton School District 3
School · 1.3 mi away
Corvallis Primary School
Elementary · 5.4 mi away
Edna Thomas School
Secondary · 5.5 mi away
Corvallis High School
Secondary · 5.5 mi away
Victor School
Secondary · 11.9 mi away
Darby School District No 9
Elementary · 15.0 mi away
Darby High School
Secondary · 15.0 mi away
Stevensville Primary
Elementary · 18.6 mi away
Stevensville Public Schools
Secondary · 18.6 mi away
Trapper Creek Job Corps
Secondary · 23.6 mi away
Lone Rock School
Elementary · 23.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 102 Geneva Avenue, Hamilton, MT | $479,000 | 3 | 3 | 2,117 |
| 430 W River Road, Hamilton, MT | $479,000 | 3 | 1 | 1,248 |
| 217 E Ravalli Street, Hamilton, MT | $487,000 | 3 | 2 | 1,302 |
| 120 N 2nd Street, Hamilton, MT | $498,000 | 1 | 1 | 850 |
| 120 N 2nd Street, Hamilton, MT | $498,000 | — | — | 6,100 |
| 160 Meadow Drive, Hamilton, MT | $499,000 | 3 | 2 | 1,418 |
Moving Cost Estimate
EXIT Agents in Hamilton
Listing Courtesy: Glacier Sotheby's International Realty Missoula - 4065417020
Presented by: Jenifer Bain
Last Updated: 2026-06-29