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1629 River Rd
Missoula, MT 59801
Multifamily Property For Sale
·
8 Units
Executive Summary
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.
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 Facts
| Price Per Unit | $252,166 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.91 AC |
| No. Units | 8 | Building Size | 6,400 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Garden |
| Price Per Unit | $252,166 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.91 AC |
| Building Size | 6,400 SF |
| No. Stories | 2 |
| Year Built | 1970 |
Property Taxes
| Parcel Number | 04-2200-20-1-23-03-0000 | Improvements Assessment | $1,162,186 CAD |
| Land Assessment | $422,547 CAD | Total Assessment | $1,584,733 CAD |
Property Taxes
Parcel Number
04-2200-20-1-23-03-0000
Land Assessment
$422,547 CAD
Improvements Assessment
$1,162,186 CAD
Total Assessment
$1,584,733 CAD
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