Features & Amenities

Interior

  • Other Interior Features

    Vaulted Ceiling(s)

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s)

  • Heating YN

    YES

  • Heating

    Wood Stove, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Gravel

  • Patio and Porch Features

    Deck

  • Pool

    No

  • Waterfront YN

    YES

  • View

    Meadow, Mountain(s), Rural, Valley

Area & Lot

  • Lot Features

    Waterfront

  • Lot Size(acres)

    19.637

  • Lot Size(square feet)

    855387.72

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Traditional

Price

  • Sales Price

    $1,200,000

  • Tax Amount

    $2,961

  • Zoning

    Call Listing Agent for Details

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    Two

  • Ownership

    Full

  • Sewer

    Septic Tank

  • Water Source

    Well

Property Amenities

  • Fencing

    Partial

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Listing Courtesy of The Swanson Team , ERA Landmark Real Estate Livingston

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Set against the backdrop of Paradise Valley's mountain ranges, this nearly 20-acre offering captures the Montana lifestyle so many people are searching for. Located just 30 minutes from Livingston and 45 minutes from Gardiner and Yellowstone National Park, you'll have the space and privacy of country living while still being close to recreation, dining and everyday conveniences. The expansive deck takes full advantage of the views across Paradise Valley and offers a great place to unwind after a day spent fishing nearby, exploring Yellowstone, horseback riding or simply enjoying life at home. With four separate living spaces, the possibilities here are hard to beat. Live in the owner's residence while generating income from the two additional apartments and detached cabin, or maximize the investment potential by renting all four units. Whether you're looking for supplemental income, employee housing, a multigenerational setup or a place that can adapt to your changing needs over time, this property gives you options. The main home is comfortable and inviting, featuring wood finishes, vaulted ceilings, a cozy wood stove and large windows that bring in plenty of natural light and showcase the surrounding views. It's the kind of place that you feel can be really lived in, where muddy boots by the door are part of everyday life. The newer riding barn and shop is a true Montana bonus. Complete with an indoor arena and generous shop space under one roof, it's ready for riding, equipment, recreational toys, projects or the workshop you've always wanted. Whether you're an equestrian, hobbyist or simply appreciate having room to spread out, you'll find plenty of ways to make it your own. Opportunities like this don't come around often. Nearly 20 acres in Paradise Valley with income-producing potential, versatile living arrangements and room for the Montana lifestyle you've been dreaming about.

3480 Old Yellowstone Trail N

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Related Properties

Behind dual front gates sits a rare multi-structure property offering exceptional flexibility and income-producing opportunity. The 2,409 square foot primary residence includes three bedrooms and two bathrooms and has been extensively upgraded with new wiring, HVAC, plumbing, insulation, membrane, wired smoke detectors, a Culligan water filtration and softening system, new 2x12 treated joists, new wood siding, and updated exterior lighting. The upstairs bathroom showcases an antique clawfoot tub with waxed water-repellent walls, adding character to a home that has been structurally strengthened and modernized.

What sets this property apart is the scale of infrastructure already in place. In addition to the main residence, there is a fully separate cottage ready for occupancy with its own fenced private backyard and storage, creating immediate multi-unit potential. The large yard and expansive open space allow for clear separation between structures, enhancing privacy while supporting a multi-tenant or owner-occupy configuration.

Multiple storage buildings throughout the property provide added value for tenants or business operations. An additional structure is ready to be built out as another cottage or bunkhouse, offering future expansion potential. Another detached building presents an ideal setup for a private office, studio, or small business headquarters on site. Three detached garage spaces — including a heated garage currently utilized as storage with baseboard heat, an insulated shop, and a covered lean-to — provide flexible use for tenants, storage, or revenue-generating purposes.

The property offers abundant parking, including RV hookups, which further increase income potential and flexibility for both residential and business use. Supported by a 2,000-gallon septic system confirmed by Liberty Septic, the infrastructure is in place to accommodate a variety of multi-unit configurations (buyer to verify zoning and use allowances).

Opportunities offering this level of privacy, infrastructure, expansion capability, and income potential in one cohesive package are increasingly rare.
#409201

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4964 US Highway 89 S

None Beds

None Baths

N/A

$1,300,000

MLS#: 409201

Rare investment opportunity in one of Livingston’s most sought-after locations on South 9th Street. Situated on a spacious 0.321-acre lot—spanning four city lots—this unique property offers two homes and two 2-car garages, creating exceptional flexibility and strong income potential.

Just one block from Water Works Park and two blocks from the Yellowstone River, with easy access to scenic walking paths leading to Sacajawea Park and the beloved Livingston Farmers Market, the location alone makes this a standout for both long-term and short-term rental appeal.

The main residence blends historic character with thoughtful updates, featuring hardwood floors, 4 bedrooms, and 2 bathrooms. The open-concept living, dining, and kitchen area is filled with natural light from large windows that capture stunning views of the Absaroka-Beartooth Mountains. Recent improvements preserve the home’s vintage charm while adding modern comfort—marmoleum flooring, antique fixtures, a cozy wood stove, newer stainless steel appliances, and an updated kitchen that stays true to the home’s original style. The walkout basement expands the living space with 2 additional bedrooms, 1 bathroom, a laundry room, and a versatile flex space. A covered outdoor deck extends the living space, offering a perfect setting for relaxing or entertaining while enjoying the peaceful surroundings. An additional loft area upstairs—accessed by pull-down stairs in the hallway—provides bonus space ideal for storage, a studio, or creative use.

Tucked behind, the charming cottage offers 1 bedroom and 1 bathroom with a full kitchen, featuring warm wood floors, marmoleum kitchen flooring, charming arched doorways, and a large picture window that fills the space with light—ideal for rental income, guest quarters, or multi-generational living.

The oversized yard, framed by mature trees along quiet Cambridge Street, provides exceptional privacy—an uncommon find for an in-town property of this size.

Currently occupied by excellent long-term renters, this property presents an immediate income-producing opportunity with upside potential in a premier Livingston location.
#410871

Livingston

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N/A

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Home with Apartment on 16 Acres in Paradise Valley, Montana.  Enjoy big Montana skies and country living in this completely remodeled home on 16 acres in Paradise Valley. The main house offers an easy, comfortable layout with plenty of natural light and space to gather, while the separate apartment is perfect for guests, family, rental income, or your Mother-In-Law.  Plenty of room to garden, raise animals, or just kick back and enjoy the open space. Conveniently located between Livingston and Yellowstone National Park, this property gives panoramic mountain views with easy access to all the best local spots — from fishing on the Yellowstone River to dinner at Sage Lodge and a soak at Chico Hot Springs.
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None Beds

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