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1629 River Rd 8 Unit Apartment Building $1,350,000 ($168,750/Unit) Missoula, MT 59801
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.
Property is serviced by shared well and city sewer.
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.
Property Facts
| Price | $1,350,000 | Apartment Style | Garden |
| Price Per Unit | $168,750 | 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 |
| Price | $1,350,000 |
| Price Per Unit | $168,750 |
| 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 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04-2200-20-1-23-03-0000 | Improvements Assessment | $849,750 |
| Land Assessment | $308,952 | Total Assessment | $1,158,702 |
Property Taxes
Parcel Number
04-2200-20-1-23-03-0000
Land Assessment
$308,952
Improvements Assessment
$849,750
Total Assessment
$1,158,702
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1629 River Rd
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