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Triplex with Separate Meters
For Sale
$529,000

1138 Toole Avenue, Missoula, MT 59802

ResidentialIncome, Missoula, MT

Property SizeContact for details
Lot Size0.13 Acres
Days on Market34

Property Features for 1138 Toole Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description 1
Directions 1138 Toole
Standard status Active
APN 04220016401010000
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description SCHOOL ADDITION, S16, T13 N, R19 W, BLOCK 43, Lot 12A, 5745 SQUARE FEET
Tax Annual Amount 4945
Legal Description SCHOOL ADDITION, S16, T13 N, R19 W, BLOCK 43, Lot 12A, 5745 SQUARE FEET

Building Details

Year built 1890
Number of units 3
Listing Agency: Stelling & Associates
Listed By: Stephen Stelling · License #RRE-BRO-LIC-87958
Added: Jul 24 Changed: Aug 26 Last Checked: Aug 26 at 5:06PM
MLS# 30075598

Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1890, this triplex sits on a 0.132-acre south-facing corner lot and includes three residential units. The property retains period character with a covered front porch and shared entry hall. Each unit is equipped with washer and dryer hookups, while separate heat and water meters support independent utility tracking.

The 2-bedroom unit is currently occupied by the owner and is excluded from current rental figures. The property is located in Missoula near downtown and St. Patrick Hospital, providing an established residential setting close to key local destinations.

Key Highlights

  • Three‑unit residential property built in 1890
  • 0.132‑acre south‑facing corner lot
  • 2‑bedroom unit currently owner‑occupied and excluded from current rental figures

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Pet Grooming Service Florist Carpet & Flooring Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,637
Businesses Nearby

Demographics for 59802, MT

19,892
Population
10,416
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
438
Density / Sq Mi
$65,054
Median Household Income
$36,541
Median Earnings
$1,021
Median Rent
$420,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with individual laundry hookups, separate heat and water meters, and a covered front porch.
Where is this triplex located?
The property is located at 1138 Toole Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Three‑unit residential property built in 1890; 0.132‑acre south‑facing corner lot; 2‑bedroom unit currently owner‑occupied and excluded from current rental figures
More about this property
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