Excellent Investment Opportunity! This centrally located 8-unit apartment building offers a strong rental history and consistent occupancy in a highly desirable central Missoula location. The property consists of seven 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, providing a desirable unit mix with below-market rents, offering excellent upside potential for future income growth.Tenants enjoy the convenience of a common coin-operated laundry facility and easy access to shopping, dining, public transportation, and major employers. Outdoor recreation is just a block away at Splash Montana Waterpark and Playfair Park, featuring a 1.3-mile walking path, expansive green space, tennis courts, baseball and softball fields, soccer fields, basketball and volleyball courts, playgrounds, and picnic areas. The University of Montana is also just a short drive away. Major capital improvements include a new roof (2026), new boiler (2017), and new water heater (2017), helping reduce near-term maintenance costs and providing added value for investors.
| MLS # | 30077493 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1971 |
| Days On Site | 62 |
| Listing Provided By | ERA Lambros Real Estate Missoula | Rick Meisinger |
| SQ Feet | 6,336 |
|---|---|
| Units | 8 |
| Zoning | Multi-Family |
| Acreage | 0.27 |
| Property View | Residential |
| Lot Features | Cul De Sac, Level |
|---|
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 7430.17 |
|---|
| State | MT |
|---|---|
| County | Missoula |
| City | Missoula |
| Zip Code | 59801 |
| Listing VS Median (in 59801) | |
Price: $1,198,000 low | high Med: $599,000 sqft: 6,336 low | high Med: 2,263 $ / sqft: $189 low | high Med: $265 On site: 62 low | high Med: 142 | |
| State | MT |
|---|---|
| County | Missoula |
| City | Missoula |
| Zip Code | 59801 |
| Listing VS Median (in 59801) | |
Price: $1,198,000 low | high Med: $599,000 sqft: 6,336 low | high Med: 2,263 $ / sqft: $189 low | high Med: $265 On site: 62 low | high Med: 142 | |