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    1650 N Russell St Missoula, MT 59801

    For Sale
    $11,800,000

    MULTI_FAMILY - Other - Missoula, MT

    Type:Apartment
    Lot size:
    2.97 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 13 at 12:06 pm

    Property Features for 1650 N Russell St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Apartment
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Laundry Room
    APN
    04220016206010000
    Appliances
    Microwave, Range, Refrigerator
    Lot size
    2.97 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1997
    Number of units
    54
    Architectural style
    Other

    ERA Lambros Real Estate (406) 532-9200 [email protected]

    Listing agent Adam Hertz (406) 239-1865 License #RRE-RBS-LIC-24957

    Listing date Nov 11, 2025

    MLS# 30053967 Listing URL

    Copyright © 2025 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.

    Overview

    Multifamily Investment Opportunity in Missoula

    This 54-unit multifamily investment opportunity is located in Missoula's Westside neighborhood. Situated on a 2.97-acre parcel zoned M1R-2, the property allows for up to 129 total units, presenting infill and development potential. A recent feasibility study outlines a path to constructing an additional 30 units. Originally built in 1997 and 1998, the garden-style complex has seen capital improvements, including new roofs, newer siding, and renovations across 33 units; 21 fully renovated, 3 lightly renovated and 9 classic turns. 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. The seller is open to recapitalization proposals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.017409
    Latitude
    46.887542

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    FAQs

    What type of property is this?
    Apartment building - 54-unit complex with development potential in Missoula's Westside.
    Where is this apartment building located?
    The property is located at 1650 N Russell St Missoula, MT.
    What is the asking price?
    The asking price for this property is $11,800,000.
    What are key features of this property?
    This property features: - Significant infill and development potential: Zoned M1R-2, allowing for up to 129 total units on 2.97 acres.; - Value-add opportunity: Substantial capital improvements completed, including new roofs, newer siding, and renovations across 33 units, with additional renovation upside.; - Prime location: Ideally positioned near Downtown Missoula, North Reserve's retail corridor, and St. Patrick Hospital.
    (406) 239-1865
    Request Owner's contact information
    1650 N Russell St Missoula, MT 59801
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    Missoula, MT 59801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1650 N Russell St Missoula, MT 59801
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