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Seven-Unit Apartment Building with Leased Garage Bays
For Sale
$850,000

412 E Spruce Street, Missoula, MT 59802

MULTI_FAMILY - Missoula, MT

Lot Size0.10 Acres
Days on Market25

Property Features for 412 E Spruce Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning description D-T (Downtown Transition)
Rooms Laundry Room, Basement
Lot features Back Yard, Front Yard
View City
Directions On E Spruce St downtown.
Standard status Active
APN 04220022244020000
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description CP HIGGINS, S22, T13 N, R19 W, BLOCK Q, POR OF LOT 13 & 14
Tax Annual Amount 5823
Legal Description CP HIGGINS, S22, T13 N, R19 W, BLOCK Q, POR OF LOT 13 & 14

Utilities

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

Amenities

coin-operated laundry
high ceilings

Building Details

Year built 1910
Number of units 7
Listing Agency: Ink Realty Group
Listed By: Maggie Springer · License #RRE-RBS-LIC-71615
Added: Jul 9 Changed: Aug 1 Last Checked: Aug 2 at 3:06AM
MLS# 30074630

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.

Seven-unit apartment building at 412 E Spruce Street in Missoula, MT, including 6 residential units and 1 commercial space. The property also features 2 leased garage bays. The building is fully leased.

The lot totals 0.096 acres. There are 2 off-street parking spaces in front and 1 off-street parking space in the back or on street. Heating is provided by natural gas hot water, with public water and public sewer.

Recent updates include new paint and flooring in 4 of the units within the last 3 years, along with updated insulation and updated electrical in the attics. The building has high ceilings and a coin-op laundry setup with 4 laundry machines. Interior space includes a laundry room and a basement. Built in 1910, the property is near downtown and close to Black Coffee and the University.

Key Highlights

  • Fully leased seven‑unit property with 6 residential units plus 1 commercial space
  • 2 leased garage bays included with the commercial space
  • New paint and flooring in 4 units within the last 3 years

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Home Appliance Store Florist

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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,091
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased seven-unit property featuring residential units plus one commercial space and two leased garage bays.
Where is this apartment building located?
The property is located at 412 E Spruce Street Missoula, MT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully leased seven‑unit property with 6 residential units plus 1 commercial space; 2 leased garage bays included with the commercial space; New paint and flooring in 4 units within the last 3 years
More about this property
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