Exceptional income-producing 4-plex just blocks from downtown Bozeman. This well located property delivers immediate returns with a strong 7% CAP rate and the stability of long-term leases already in place across all units. The property features a highly desirable unit mix, including two 3-bedroom, 1-bath units (one with a detached garage) alongside two studios, capturing multiple segments of Bozeman's high-demand rental pool and helping mitigate vacancy risk. What truly sets this property apart is its proven short-term rental history. Previously operated as a successful Airbnb, all units are currently fully furnished and equipped-including dishes, housewares, and operational essentials-positioning a new owner to seamlessly transition back to short-term rentals if desired. The basement office and storage area further enhance this opportunity, offering the infrastructure needed to efficiently manage a furnished rental portfolio or hybrid model. Whether maintained as a stabilized long-term investment or repositioned for higher-yield short-term income, this asset delivers rare optionality. With Bozeman's continued population growth, limited inventory, and strong rental demand, this is a strategic acquisition for investors seeking both immediate yield and long-term appreciation. Contact your local real estate agent to view a virtual tour and to schedule an in-person tour.