3219 N 27th Ave, Bozeman, MT 59718 For Sale

Cattail Development Opportunity | 48-Unit Approved Multifamily

Exceptional development opportunity in Bozeman, Montana’s highly sought-after Cattail neighborhood. This approximately 2-acre parcel (with ~1.75 acres of net development area) is being offered with a 48-unit multifamily project that is one step away from final City approval, allowing a buyer to significantly accelerate development timelines.

The current plan consists of four 12-plex buildings with a well-balanced unit mix of 42 two-bedroom and 6 one-bedroom units, designed to meet strong and sustained rental demand in the Bozeman market.

In addition to the multifamily concept, the property offers flexible RD zoning that supports multiple development strategies, including a 28–30 unit smaller home community, live/work configuration, or other residential uses.

The site is located within an established residential neighborhood with existing infrastructure and benefits from a sub-HOA structure that allows development independent of the existing 16 units, simplifying ownership and project execution.

At the current pricing, the site offers an attractive price-per-door metric under the 48-unit scenario, positioning it competitively among Bozeman development opportunities.

Investment Highlights:

• 48-unit multifamily project near final City approval

• Significant entitlement work already completed

• Flexible zoning (RD) allowing multiple development paths

• Opportunity for cottage home or alternative residential concept

• Located in established Cattail neighborhood

• Strong Bozeman population growth and housing demand

• Attractive price per potential unit

This is a rare opportunity to acquire a partially entitled development site in one of Montana’s most dynamic housing markets.