1629 River Rd - Apartments FOR SALE


Missoula, MT 59801
$1,350,000 USD
406-880-3900
1629 River Rd, Missoula, MT for Sale
$1,350,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

1629 River Rd
Missoula, MT 59801


OVERVIEW

This unique multi-property investment offering in central Missoula features a single-family home and adjacent duplex buildings. The main residence at 1629 River Road spans roughly 2,520 square feet with three bedrooms and one bathroom, complemented by a large detached garage/shop suitable for storage or hobby use. On the adjoining parcel at 1631 River Road, there are four side-by-side duplex buildings, providing a total of eight one-bedroom units, each complete with bathrooms and approximately 800 square feet of living space above unfinished basements. The property delivers steady in-place income with significant upside potential through rent growth and light renovations. Conveniently located near downtown Missoula, with proximity to the University District, retail, employment centers, and major transportation routes, this asset taps into the city’s strong rental demand. With current rents below market value and conservative estimates suggesting increases of at least $100 per unit monthly, this portfolio promises both cash flow stability and appreciation. Property is serviced by shared well and city sewer.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

8

PRICE/UNIT

$168,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,200 SF

ZONING

-

APN/PARCEL ID

04-2200-20-1-23-03-0000

ASK ABOUT THIS PROPERTY

Jessie EagenEagen Real EstateMore Info
406-880-3900

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Jessie EagenEagen Real EstateMore Info
406-880-3900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.