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Vacation Rental Investment Property in Bozeman

by Liz Nitz

Rental Investment Property in Bozeman

A few years ago, Bozeman redid the city zoning map. In an attempt to control and steer growth, and to keep home prices affordable, Vacation Rental Investment Property were curtailed and limited to very specific areas.  Any grandfathered vacation rentals could not keep that status if the home sold.  Bozeman also designated some areas as higher density which would allow for ADUs to be built on the property.

Short Term Rentals are defined in Sec. 38.42.2835 of the Bozeman Municipal Code as:

“A vacation home, tourist home as defined in MCA 50-51-102, a dwelling as defined in 38.42.940, accessory dwelling unit, or room within a vacation home or dwelling, which is rented by or on behalf of the owner to the general public for compensation for transient occupancy as provided for in article 22.”

 

The distinctions between different types of Short terms rentals

  • Type-1:  A short term rental of one or more bedrooms in an owner-occupied dwelling while the owner is occupying the same dwelling unit for the entire rental period.
  • Type-2:
    1. A short term rental of an owner-occupied dwelling if the owner is not occupying the dwelling during the entire rental period.
    2. A short term rental of a permitted accessory dwelling unit (ADU) whether or not the ADU’s owner is present in the primary dwelling unit during the rental period.
    3. A short term rental of one dwelling unit within a duplex whether or not the duplex’s owner is present in the duplex’s other dwelling unit during the rental period.
  • Type-3:   A short term rental that is not owner-occupied.

Bozeman zoning map

  • The red areas do not allow vacation rentals of any kind.
  • The orange areas only allow type 1 vacation rental.
  • The yellow areas only allow type 1 or 2 vacation rental.
  • The green areas allow all types of vacation rental.

As Bozeman is a favorable destination spot for vacationers, the type 3 Green properties are very desirable for investment purposes.

What Should Affordable Housing Look Like in Bozeman?

Where to start investing in vacation rentals in Bozeman

The following is a list of the green zones allowing all types of vacation rental investment properties, with up-to-the-minute active listings. When you save the search on each page, you will receive email updates any time a new listing is added to the MLS!

  • Bozeman South
  • Bozeman East
  • Bozeman Main Street
  • Bozeman Huffine
  • Bozeman Four Corners
  • Bozeman North 7th
  • Bozeman North 19th
  • Bozeman Baxter West

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969 Nelson, Bozeman, Montana 59718

969 Nelson, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
2.10Acre
2,379Sqft
Sitting on 2.1 acres with NO zoning and NO covenants this home is ready for its next adventure. This single level home is 2379 SF with 3 bedrooms and 2 full baths. Stunning views of the Bridger Mountains and room for your business or farm animals! There are several out buildings already in place including a barn, shop, detatched garage and garden shed.
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645 Baxter E, Bozeman, Montana 59718

645 Baxter E, Bozeman, Montana 59718

3Bedroom(s)
1Bathroom(s)
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1,157Sqft
Almost unlimited possibilities for this prime investment and development opportunity! This property is 20 acres of flat buildable land with a 5000sqft shop and 900sqft residences which can stay or be cleared. It's conveniently located off Baxter Ln. near Jackrabbit Ln. is right in the center of the valley and the current development trends.
$6,500,000

621 E Lamme, Bozeman, Montana 59715

621 E Lamme, Bozeman, Montana 59715

1Bedroom(s)
1Bathroom(s)
0.12Acre
640Sqft
Can't beat this location! Historic home for sale in downtown Bozeman. One bedroom, 2 bath house lovingly maintained by owner. This home has been in the same family since it was built in 1898. Painted inside and out within the past two years, newer fridge, washer and dryer, windows, doors, and plumbing. Lawn mower also conveys.
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3575 Stucky Road, Bozeman, Montana 59718

3575 Stucky Road, Bozeman, Montana 59718

3Bedroom(s)
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One Of A Kind Property! 10 Acres!! This Unique Property Offers A Little Bit Of Everything. One Of The Best Locations You Will Ever Find! Many Options. Horses Welcome! Additional Dwelling Unit Already In Place. Have You Ever Wanted Two Shops? Look No Further! The Home Was Remolded in 1992 And Has Hardwood Floors Throughout The First Floor. Lots Of Elbow Room On Main Floor As Well.
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662 Coffee Creek, Bozeman, Montana 59715

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1806 W Durston Rd, Bozeman, Montana 59715

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2940 W Villard 1F, Bozeman, Montana 59715

2940 W Villard 1F, Bozeman, Montana 59715

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1,020Sqft
Investor buyers! Due to owner occupied ratios & informal HOA this is a cash purchase. This Meadow Vista condo is an upstairs end unit with mountain views. Light & bright with the many windows. Open floor plan with 2 bedrooms and 2 baths. One bedroom is a master with full bath. The second bedroom has the full bath across the hall. Wood floors through out. Kitchen with white appliances and cabinets.
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