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$599,000
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Sheridan Area Single Family Home

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205 Water Street Sheridan, MT 59749

6 Bed
3 Baths
2512 sqft
MLS# 402686
Endless Potential on a Rare Double Lot - Live, Rent, Build, or Invest! Welcome to 205 Water Street, a well-maintained, flexible property brimming with possibilities located in the heart of Sheridan, MT. Situated on a 0.35± acre corner lot, the property spans two separate parcels - perfect for creating opportunities to build an additional duplex or single-family home, add a garage or simply holding the second lot as a long-term investment. The 2012 built home is located on Lot 11A and offers multiple living configurations. It is ideally suited for single family use, multi-generational living or as an income-generating duplex. As a single-family home, enjoy 6 total bedrooms, 3 full bathrooms and over 2,500 square feet of living space. The upper level features 3 bedrooms and 2 full baths, a spacious living room, full kitchen, washer/dryer, A/C and a charming balcony deck ideal for grilling or relaxing. The lower level mirrors the upper, with 3 more bedrooms, 1 full bath, its own full kitchen, pantry, laundry room and a private entrance making it an excellent option for a duplex setup or rental income. Designed with efficiency and versatility in mind, this home is equipped with two furnaces, two hot water heaters, and separate gas and electric meters - a rare and valuable configuration for multi-family use or owner-occupied living with a rental unit to help offset your mortgage or provide cash flow. The home has historically been used as a short and long term rental. A projected $3,000/month was estimated by a local, licensed property manager between the 2 units as long term rental, plus you have the option to sell or develop the other lot! Beyond the home itself, the property offers a lifestyle that's hard to match. Located just minutes from downtown Sheridan, and nestled in Montana's Ruby Valley-surrounded by scenic mountains, rivers, and open space in every direction. Outdoor recreation abounds with world famous fly fishing, hiking, horseback riding, hunting, and snowmobiling right at your doorstep. Plus, historic Virginia City is just a short drive away, offering rich local history and seasonal events. Conveniently positioned between Bozeman and Butte, with access to airports in both directions, this location balances small-town charm with regional connectivity. Whether you're a homeowner looking for flexibility, a savvy investor or a builder ready to capitalize on the additional lot, 205 Water St offers unmatched potential in a prime location.
Listing Courtesy of Big Sky Country MLS / ERA Lambros Real Estate / Terri Medina
$592,000
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Thompson Falls Area Single Family Home

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217 Woodlin Lane Thompson Falls, MT 59873

5 Bed
3 Baths
4323 sqft
MLS# 30044211
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Welcome to your Montana dream retreat, this rustic 5-bed, 3-bath log home sits on 1 private acre just outside Thompson Falls with no covenants or restrictions. Inside, you'll find over 4,000 square feet of warm, open living space with vaulted wood ceilings, a cozy sunroom, and an updated kitchen featuring new soft-close cabinets, newer stainless-steel appliances, upgraded countertops, and a fabulous island perfect for cooking, gathering, or entertaining. The main-level suite offers comfort and privacy, while upstairs includes a family room, ideal for guests, work, or relaxation. Thoughtfully updated throughout, the home includes new Pella windows, new exterior doors, a pellet stove, new flooring and lighting, and a brand-new Trex deck with views of the surrounding mountains. The exterior has been freshly stained. Outside, the detached garage/shop with a lean-to on each side is perfect for hobbies, storage, or workspace. With plenty of room for pets, a garden area, and easy year-round access via a private road, this property blends rustic charm with everyday practicality, true Montana living at its best. Whether you're an angler, hunter, outdoor enthusiast, or simply searching for a quiet retreat, you'll appreciate the abundant wildlife including elk, deer, and bear that frequent the local area. Conveniently located just 3 hours from Spokane, WA, and 1.5 hours from Missoula, MT, this property offers the perfect balance of privacy and accessibility.
Listing Courtesy of Montana Regional MLS / ERA Lambros Real Estate / Jill Vandegrift