Positioned in one of Missoula’s most desirable corridors, this income producing property at 1629 River Road offers a rare combination of scale, location, and upside. The asset includes one single family residence and four duplex buildings totaling eight rental units, all fully leased and generating consistent income.
Situated directly across from the scenic Clark Fork River and just minutes from Downtown Missoula, the property benefits from strong tenant demand driven by proximity to recreation, employment, and amenities. Each duplex unit features a functional one bedroom one bathroom layout, while the single family home offers three bedrooms and one bathroom.
Current rents are significantly below market, presenting a clear value add opportunity through rent adjustments and continued operational improvements. With all units occupied, investors can step into immediate cash flow while capitalizing on long term appreciation in one of western Montana’s most resilient rental markets.
This is a compelling opportunity to acquire a well located multifamily asset with stable income and substantial upside potential in the heart of Missoula.
118 days
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Zillow last checked:
Listing updated:
Listed by:
Ryan Thompson406-600-6530,
Coldwell Banker Distinctive Properties,
Jessie Eagen406-880-3900,
Eagen Real Estate
Source: Big Sky Country MLS,MLS#: 410082Originating MLS: Big Sky Country MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 9
Heating
Natural Gas
Cooling
None
Interior area
Finished area above ground: 0
Property
Features
Levels: One
Stories: 1
Details
Parcel number: 0001724203
Zoning description: Call Listing Agent for Details
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Condition
Year built: 1950
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Sewer Available, Water Available
Community & HOA
Community
Subdivision: Other
HOA
Has HOA: No
Location
Region: Missoula
Financial & listing details
Tax assessed value: $1,158,702
Annual tax amount: $11,400
Date on market: 4/7/2026
Cumulative days on market: 61 days
Listing terms: Cash,1031 Exchange,3rd Party Financing
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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