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.
For sale
$1,475,000
1629 River Rd, Missoula, MT 59801
11beds
9baths
--sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 33 days |
- 240 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Ryan Thompson 406-600-6530,
Western Ranch Brokers LLC,
Jessie Eagen 406-880-3900,
Eagen Real Estate
Source: Big Sky Country MLS,MLS#: 410082Originating MLS: Big Sky Country MLS
Tour with a local agent
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: 33 days
- Listing terms: Cash,1031 Exchange,3rd Party Financing
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Listed for sale | $1,475,000 |
Source: Big Sky Country MLS #410082 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,928 -9.3% | $1,158,702 +19.1% |
| 2024 | $10,951 -0.3% | $972,935 -7.7% |
| 2023 | $10,987 -2.1% | $1,053,535 +14.3% |
| 2022 | $11,221 +2.5% | $922,086 |
| 2021 | $10,952 +1.9% | $922,086 +4.3% |
| 2020 | $10,744 -2.5% | $884,078 |
| 2019 | $11,014 +45.3% | $884,078 +57.3% |
| 2018 | $7,579 +2.1% | $562,139 |
| 2017 | $7,419 +18.5% | $562,139 +13.4% |
| 2016 | $6,263 +8.1% | $495,562 |
| 2015 | $5,793 -23.8% | $495,562 +35.1% |
| 2014 | $7,603 +11.2% | $366,725 +4.2% |
| 2013 | $6,840 +1.5% | $351,799 +4.6% |
| 2012 | $6,738 | $336,239 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $292,100 +378.5% |
| 2007 | -- | $61,050 |
| 2006 | -- | $61,050 |
| 2005 | -- | $61,050 |
| 2004 | -- | $61,050 |
| 2003 | -- | $61,050 -16.4% |
| 2002 | -- | $73,010 |
Find assessor info on the county website
Monthly payment
Est. payment
$8,675/mo
Principal & interest
$7606
Property taxes
$1069
More affordability tools
Climate risks
Neighborhood: Emma Dickinson Orchard Homes
Nearby schools
GreatSchools rating
- 7/10Hawthorne SchoolGrades: PK-5Distance: 1.5 mi
- 5/10Porter Middle SchoolGrades: 6-8Distance: 1.9 mi
- 3/10Big Sky High SchoolGrades: 9-12Distance: 2.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.





