Residential Income
For Sale
$545,000
Pending
1016 Worden Avenue, Missoula, MT 59802
Built in 1910 with varied heating systems and basic kitchen appliances.
Property Size2,060 SF
Days on Market73
Property Features for 1016 Worden Avenue
General Information
Standard status
Pending
Size
2,060 SF
Property subtype
Residential Income
Zoning
U-R3
Taxes and HOA fees
Annual Taxes
$2,807
Amenities
Sidewalks
Natural Gas, Baseboard, Electric, Forced Air
Partially Finished, Concrete
Range, Refrigerator
Building Details
Building Size
2,060 SF
Year Built
1910
Listing Agency:
Ink Realty Group
Listed By:
Russell Talmo · License #RRE-RBS-LIC-89783
(406) 880-3797
Source:
Evrealestate
Added: Jul 25
Changed: Oct 4
Last Checked: Oct 4 at 8:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ink Realty Group
Investment Insights
Based on property information with market context.
This residential income property dates to 1910 and includes a range, refrigerator, and several heating-related features. The interior information identifies natural gas, baseboard, electric, and forced-air systems, along with a partially finished concrete area.
The property is located at 1016 Worden Avenue in Missoula, Montana, within U-R3 zoning. Access directions reference Orange Street, 5th Street, and Worden Avenue.
The property is located at 1016 Worden Avenue in Missoula, Montana, within U-R3 zoning. Access directions reference Orange Street, 5th Street, and Worden Avenue.
Key Highlights
- 1910 construction
- U‑R3 zoning
- Natural gas, baseboard, electric, and forced‑air features
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,991
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,820
$439.8K
Cap Rate 7%
$314,157
$314.2K
Cap Rate 9%
$244,344
$244.3K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$43.5K $21.12/SF
− Vacancy
−$3.5K −$1.71/SF
EGI
$40.0K $19.41/SF
− OpEx
−$18.0K −$8.73/SF
NOI
$22.0K $10.68/SF
Area
Missoula County, MT
Vacancy
8.10%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,820
Cap Rate 7%
$314,157
Cap Rate 9%
$244,344
Alternative Uses
Best Use
Apartment 5plus
$314.2K
$274.9K – $366.5K
NOI $21,991 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$593.9K
$519.7K – $692.9K
NOI $41,576 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1910 with varied heating systems and basic kitchen appliances.
Where is this residential income property located?
The property is located at 1016 Worden Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 1910 construction; U‑R3 zoning; Natural gas, baseboard, electric, and forced‑air features
