3219 N 27th, Bozeman, MT 59718

Property Description

Exceptional development opportunity in Bozeman’s highly desirable Cattail neighborhood. This approximately 2-acre parcel (with ~1.75 acres of development rights) is being offered with plans in place for a 48-unit multifamily project, currently just one step away from City approval. Located within an established residential area with existing infrastructure, the property benefits from flexible RD zoning and a sub-HOA structure that allows development independent of the existing 16 units. The approved concept includes four 12-plex buildings with a strong unit mix (42 two-bedroom and 6 one-bedroom units), offering an efficient development program. In addition to the multifamily plans, the site presents alternative development potential including smaller home community, live/work configuration, or other residential concepts permitted within zoning. This is a rare opportunity for a developer to step into a thoughtfully planned project and significantly reduce entitlement timeline and risk. Well-located, flexible, and positioned within one of Bozeman’s most active growth corridors.