A 1915 bungalow with original hardwood floors, a covered front porch, and over a century of Montana character... paired with a modern guesthouse and a buildable lot, all on 1/3 acre in the heart of Gallatin Gateway. This is the kind of property people move here hoping to find. The main home (~2,308 sq ft, 3 bed, 2 bath) has been thoughtfully updated while keeping the details that make a historic home worth owning: warm wood trim, period built-ins, and the kind of craftsmanship you simply can't replicate today. The main level features an updated kitchen with white cabinetry, a dining area that flows into the living room, two bedrooms, a full bath, and main-level laundry. The daylight lower level adds a third bedroom, second living area, and a beautifully finished ¾ bath with modern vanities, and it can be accessed from inside the home or through a private exterior stairwell, creating real flexibility for multigenerational living or guest accommodations. The guesthouse (~1,008 sq ft, 2 bed, 2 bath) is a newer build with a bright, open kitchen, butcher block counters, a covered front patio, and a side yard deck. It's move-in ready as a rental, guest quarters, or home office with complete separation from the main residence. Both homes sit two blocks from the Gallatin River. Fly fishing, rafting, hiking, and wildlife are part of daily life here, not a weekend trip. Stacey's Old Faithful Bar & Steakhouse and The Westerner (Montana's only real honky-tonk) are a short walk. Bozeman's restaurants, shopping, and airport are 20 minutes north. Big Sky's world-class skiing and mountain biking are 30 minutes south. You're not choosing between access and privacy... you're getting both. No HOA. No covenants. No known zoning restrictions. The second lot in this double-lot parcel is unbuilt and ready for future development. Whether this becomes your family's home base, a retreat property, or an income-producing investment with short-term and long-term rental potential, the options are wide open. Properties like this in Gallatin Gateway don't come up often. Call today for a private showing.