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Local example: West Yellowstone triplex cost nearly $1.8M; modular and manufactured options explored
Summary
Presenters used a West Yellowstone triplex to illustrate local construction costs (about $1.8M for three units) and presented modular/manufactured housing price ranges ($120k–$342k), noting shipping, foundations, snow loads and limited contractor bids drive cost uncertainty.
A presenter reviewed an example West Yellowstone triplex that cost just under $1.8 million to build (about 4,900 square feet across three units) and said two of the three two-bedroom units rented for about $2,000 while another rented for about $1,400. She used that example to show how local construction pricing translates into rents that most residents cannot afford.
Presenters discussed industry-wide ballparks—$245–$345 per square foot excluding soft costs for stick-built projects—and manufacturer quotes for modular or manufactured homes that ranged from roughly $120,000 (one-bedroom) to $342,000 (four-bedroom) excluding site work, foundations and permitting. “Even with land included donated or it was... it's still unaffordable for the average person living in West Yellowstone to build housing,” the presenter said.
Participants asked whether local contractors could bid competitively; presenters said obtaining multiple bids is difficult in West Yellowstone and that that raises costs. They recommended early contractor engagement, pre-stubbing infrastructure to lots, and bundling units to achieve better pricing.
Provenance: topicintro SEG 109; topfinish SEG 406
