Phase One
TBD LAUREL PARKWAY, BOZEMAN
Outlaw is delighted to present the Phase 1 opportunity at Urban + Farm in Bozeman, MT. Phase 1 consists of 8.72± acres located within the 106± acre Urban + Farm mixed-use and master-planned community situated in Bozeman’s growing west side. The Phase 1 location is off Fallon St, across from the Norton Ranch subdivision, and provides an excellent opportunity for developers to build a total of 64 residential units, comprising 21 single-family homes and 43 townhomes.
Since 2010, Bozeman has seen a population growth of more than 45%, which has continued at an impressive rate of almost 10% from 2021 to 2022. This growth has primarily been fueled by well-paid millennials from expensive markets, resulting in an estimated 46% job growth over the next 10 years. With an average household income of $94,855 and 68% of the population holding college degrees, the city has become a hub for young professionals seeking opportunities.
Click map to enlarge.
Property Details:
| Size | 8.72 +/- Acres |
| Zoning | R-5 |
| Use | Residential - SFH and Townhomes |
| Units | 64 total - 21 single family lots (10 lots ranging from .18+/- to .21+/- acres) + 43 townhomes (9 four-plex and 1 seven-plex totaling 20.10 +/- acres) |
| Density | 7 Units Per Acre |
| Status | Subdivision - preliminary plot submitted to city |
Photo Gallery
Development Highlights
- Strong multifamily trends – 9.6% year-over-year
- Rent growth and a 2.2% vacancy as of the fourth quarter 2022
- High new build rents – $2,429 average per unit and $2.42 averatge rent per square foot as of January 2023
- Resilient housing market – 18.5% year-over-year condominium sale price growth as of the fourth quarter 2022
- High-cost housing prices – $582,919 average condominium sale price as of the fourth quarter of 2022
- 17,740 people moved to Bozeman since 2010 – 45.8% population growth
- Population continues to grow with 9.8% year-over-year population growth
- 46% future 10-year job growth
- $94,855 average household income in Bozeman
- 68% of people in Bozeman have a college degree
- Bozeman ranked #1 out of 543 micropolitan statistcal areas since 2018
- #3 fastest growing micropolitan in the country
- Montana was the #1 moved-to-state during the pandemic
- #3 state with the best economy
Contact
Eric Ladd
Founder, CEO
Outlaw Realty
Licensed in Montana
(406) 570-0639
Darren Streets
Real Estate Sales
Outlaw Realty
Licensed in Montana
(406) 570-4862
Eric Ladd
Founder, CEO | Outlaw Realty
Licensed in Montana
(406) 570-0639
Darren Streets
Real Estate Sales | Outlaw Realty
Licensed in Montana
(406) 570-4862
