About 8 Chestnut
Unique Investment Opportunity in the Heart of Anaconda – 3 Living Spaces on One Lot!
Welcome to 8 Chestnut Street, a one-of-a-kind property with incredible potential! Nestled in a quiet corner of Anaconda, this versatile parcel features three distinct living spaces – ideal for investors, multi-generational living, or a savvy homeowner looking to offset their mortgage with rental income.
The main house offers a cozy and comfortable layout with 2 bedrooms and 1 full bath on the main floor. Natural light pours into the living area, and the spacious kitchen and dining nook create a welcoming space for everyday living. This portion is currently occupied and livable, ready for continued use or immediate occupancy.
Below the main home is a separate 1-bedroom, 1-bathroom basement apartment with its own entrance, offering a great opportunity for future rental income or a private guest suite. While currently vacant and in need of repairs, the layout and potential are already in place – making this a great value-add project for someone looking to build equity.
At the back of the property sits a third dwelling, which was once a duplex and has since been converted into a 1 or 2-bedroom, 1-bath home. This structure is also vacant and in distressed condition, offering a blank canvas for your vision – whether it be restoring it to a duplex, maintaining it as a single-family unit, or transforming it into a creative space or studio.
All situated on a generous lot with alley access and ample off-street parking. The yard provides room for outdoor enjoyment, and with some cleanup and landscaping, it could easily become a charming retreat. Located just minutes from downtown Anaconda, you're near shops, restaurants, and the historic charm of this Montana town – plus close to outdoor recreation, Discovery Ski Area, Georgetown Lake, and more!
Live in one, rent the rest – or restore all three and maximize returns! With rental demand strong and multi-unit opportunities limited, this is a rare chance to own a flexible, income-producing property in a growing market.
Buyer to verify all square footage and zoning. Cash or rehab loan likely required due to condition of the vacant units.
Don’t miss the opportunity to bring this property back to life – schedule your showing today and envision the possibilities at 8 Chestnut Street!
