Investment Property for Sale at 1601-1607 S 3rd Street W in Missoula, MT for $1,500,000

Listing data last changed 2/6/2025
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1601-1607 S 3rd Street W | Missoula

$1,500,000

Excellent centrally located multi-family investment opportunity with 8 units total (2 4-plexes on 2 separate lots) with great rental history. The buildings are located across from the Good Food Store offering easy access to bus routes, shopping, downtown, and the university. Most units have been updated with flooring and paint, several have had complete remodels with kitchens and bathrooms as well. One unit is an actively running vacation rental unit that has provided a strong income stream and currently has several bookings for 2025 - can be purchased as a turn key vacation rental with furniture and all or could be converted back to a long term rental unit. Priced to provide a competitive return for investors and room for upward potential as well. Call Betsy Milyard at 406-880-4749 or real estate professional for more information. MTR 30039257

Directions to property: 1601 & 1607 S 3rd St W

MLS Listing ID: 
MTR 30039257
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,500,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Primary Market Area: 
Missoula
Address: 
1601-1607 S 3rd Street W, Missoula, MT 59801, US
County: 
Missoula
Latitude: 
46.8667494
Longitude: 
-114.0207548
Community Information
Subdivision: 
Low's Addition
Building Details
Details about the building on a property.
Architectural Style: 
Multi-Level
Year Built: 
1986
New Construction: 
0
Basement: 
Crawl Space
Construction
Construction Materials: 
Wood Siding, Wood Frame
Foundation Details: 
Poured, Pillar/Post/Pier
Roof: 
Composition
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard, Electric
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.35
Lot Size (Area): 
0.35
View: 
Residential
Waterfront: 
0
Lot Features
Parking Type: 
Additional Parking, Shared Driveway
Garage: 
0
Public Record
Parcel Number: 
04220020417210000
Property Zoning: 
Commercial
Contract Details
Details about the listing contract.
Possession: 
Close Of Escrow, Subject
Disclosures: 
Disclosure on File, Owner Is Listing Agent, Seller Disclosure
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Betsy J. Milyard
Listing Office Name: 
Montana Preferred Properties