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About the Listing 545000016 - mt.545050113
ERA Lambros Commercial is pleased to present this 54-unit multifamily investment opportunity located in Missoula's vibrant and historic Westside neighborhood. Situated on a 2.97-acre parcel zoned M1R-2, the property allows for up to 129 total units, presenting significant infill and development potential. A recent feasibility study by a reputable local architectural firm outlines an economically viable path to constructing an additional 30 units. Originally built in 1997 and 1998, the garden-style complex has seen substantial capital improvements, including all new roofs, newer siding, and renovations across 33 units; 21 fully renovated, 3 lightly renovated and 9 classic turns. With additional renovation upside, the property offers both immediate income and long-term value-add potential. Ideally positioned near Downtown Missoula, North Reserve's retail corridor, and St. Patrick Hospital, this property benefits from a central location within one of Montana's fastest-growing communities. In addition to an outright sale, seller is open to recapitalization proposals.
Listing Highlights
Status
Active
Days on Site
126
Property Type
Multi-Family
MLS ®
30053967
Year Built
1997
Total Square Footage
0
Lot/Acreage
2.97
County
Missoula
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Microwave, Range, Refrigerator
- Air Cond:
- Heating: Gas,Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Zoning: M1R-2
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $68,023
- Taxes w/Assessments: N/A
- Tax/Property ID: 04220016206010000
- Tax Year: 2024
Payment Calculator
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Questions About..
1650 N Russell St Missoula, MT 59801
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