8-Unit Apartment
For Sale
$1,198,000
108 Camelot Ct, Missoula, MT 59801
Eight apartments offer a varied unit mix, shared laundry, and access to parks, shopping, dining, and public transportation.
Property Size6,336 SF
Price / SF$189.08
Days on Market54
Property Features for 108 Camelot Ct
General Information
Standard status
Active
Size
6,336 SF
Property subtype
Multi-Family
Units
Unit Mix
7 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
8
Additional Details
Public Transit
Yes
Amenities
common coin-operated laundry facility
Building Details
Year Built
1971
Buildings
1
Listing Agency:
ERA Lambros Real Estate Missoula
Listed By:
Rick Meisinger · License #RRE-BRO-LIC-12362
(406) 240-6031
Source:
Jasonbakerteam
Added: Aug 28
Changed: Oct 4
Last Checked: Oct 7 at 2:30PM
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 ERA Lambros Real Estate Missoula
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Investment Insights
Based on property information with market context.
This 8-unit apartment building at 108 Camelot Court includes seven 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Built in 1971, the property is zoned U-R1 and includes a common coin-operated laundry facility. The building has a consistent occupancy history, with capital improvements including a new roof in 2026, a boiler installed in 2017, and a water heater installed in 2017.
The property is positioned in central Missoula with access to shopping, dining, public transportation, and major employers. Splash Montana Waterpark and Playfair Park are located a block away, with walking paths, open green space, athletic courts and fields, playgrounds, and picnic areas. The University of Montana is also a short drive from the property.
The property is positioned in central Missoula with access to shopping, dining, public transportation, and major employers. Splash Montana Waterpark and Playfair Park are located a block away, with walking paths, open green space, athletic courts and fields, playgrounds, and picnic areas. The University of Montana is also a short drive from the property.
Key Highlights
- 8‑unit apartment building with seven 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Common coin‑operated laundry facility
- U‑R1 zoning and 1971 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,637
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,352,740
$1.4M
Cap Rate 7%
$966,243
$966.2K
Cap Rate 9%
$751,522
$751.5K
Market Conditions
NOI Build-Up for 6,336 SF
Gross rent
$133.8K $21.12/SF
− Vacancy
−$10.8K −$1.71/SF
EGI
$123.0K $19.41/SF
− OpEx
−$55.3K −$8.73/SF
NOI
$67.6K $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%
$1,352,740
Cap Rate 7%
$966,243
Cap Rate 9%
$751,522
Alternative Uses
Best Use
Apartment 5plus
$966.2K
$845.5K – $1.13M
NOI $67,637 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,876 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Explore this area
Business Placement
Demographics for 59801, MT
30,629
Population
15,814
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,978
Density / Sq Mi
$55,022
Median Household Income
$34,320
Median Earnings
$1,086
Median Rent
$393,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight apartments offer a varied unit mix, shared laundry, and access to parks, shopping, dining, and public transportation.
Where is this apartment building located?
The property is located at 108 Camelot Ct Missoula, MT.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: 8‑unit apartment building with seven 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Common coin‑operated laundry facility; U‑R1 zoning and 1971 construction
