512 S 2nd St W 4 Unit Apartment Building $850,000 ($212,500/Unit) 4.97% Cap Rate Missoula, MT 59801

Located in Missoula’s desirable Riverfront neighborhood, this four-unit multifamily property offers a solid investment opportunity in a high-demand rental area. Built in 1920, the building retains elements of its early-century character while providing practical updates and functional layouts that appeal to long-term tenants. Its central location—just minutes from downtown, the Hip Strip, the Clark Fork River, and the city’s trail network—supports strong occupancy and consistent rental demand. Main floor unit is a 1+Bd and 1.5 baths with new paint & flooring! Upstairs is a large bright sunny 1 bdrm apt, with pantry, and extra storage in the attic area off of the kitchen. There are 2 basement units, one was completely remodeled from the studs out in 2015, and is a small 1 bdrm, and is super cute, the other basement apt is also a small one bedroom.
Updates are: New water line, newer plumbing, newer windows, roof was installed in 2005, remodeled baths, and some new flooring on main floor, new electrical in upper unit, new shower in basement apt. , newer Rinnai heaters in both the upper and main units. Each of the four units configuration have bright living spaces, functional kitchens, classic trim details, and finishes appropriate for rental housing. The property benefits from mature trees, a covered front porch, and convenient off-street parking, with straightforward access to neighborhood amenities and public transit. Given its unit mix, established rental appeal, and placement in one of Missoula’s most walkable central neighborhoods, 512 S 2nd St W represents a reliable multifamily asset with long-term income potential. Call or email listing agent for financials.