South Hills Duplex with
123 Grandview Way Missoula, MT 59803
New
123 Grandview Way, Missoula, MT, 59803
$660,000
For Sale
$660,000
Two independent units each feature a private garage, fireplaces, and in-unit laundry, with one 2-bedroom and one 3-bedroom layout.
Property Size2,584 SF
Price / SF$255.42
Days on Market2
Property Features for 123 Grandview Way
General Information
- Standard status
- Active
- Size
- 2,584 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1994
Listing agency
Engel & Völkers Western Frontier - Missoula
(406) 550-4131
Listed by
Dawn Maddux · License #RRE-BRO-LIC-31860
Source
Toporealestate
Added: Jul 21 Updated: Jul 22 at 1:51PM Checked: Jul 22 at 1:51PM
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 Engel & Völkers Western Frontier - Missoula
Investment Insights
Based on property information with market context.
This duplex offers two independently lived-in units, each with its own garage and a multi-level layout. One side is configured as a 2-bedroom, 2-bath home, while the other provides a 3-bedroom, 2-bath arrangement. Both units include fireplaces and in-unit laundry, and the entry doors have been freshly painted.
The property sits in the South Hills area of Missoula and is described as set among mature trees with fenced backyards on each side, supported by underground sprinklers. Recent exterior improvements include new aluminum siding.
With a functional, separated duplex layout and exterior updates already in place, the interior is presented as having an opportunity for cosmetic improvements.
The property sits in the South Hills area of Missoula and is described as set among mature trees with fenced backyards on each side, supported by underground sprinklers. Recent exterior improvements include new aluminum siding.
With a functional, separated duplex layout and exterior updates already in place, the interior is presented as having an opportunity for cosmetic improvements.
Key Highlights
- 1994‑built South Hills duplex with two independent units, each with its own private garage.
- Unit mix: one 2‑bed/2‑bath layout and one 3‑bed/2‑bath layout for rental flexibility.
- Both units include fireplaces and in‑unit laundry.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.6k | $21.12 |
| − Vacancy | −$4.4k | −$1.71 |
| EGI | $50.2k | $19.41 |
| − OpEx | −$22.6k | −$8.73 |
| NOI | $27.6k | $10.68 |
2,584 SF · lease $21.12/SF/yr · vacancy 8.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$394.1K
$344.8K – $459.7K
NOI $27,584 @ 7.0% cap · market cap 4.18%
Second Best
Multifamily LT 5
$369.4K
$323.2K – $431.0K
NOI $25,857 @ 7.0% cap · market cap 3.92%
Theoretical Best
Specialty Retail
$745.0K
$651.9K – $869.2K
NOI $52,152 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two independent units each feature a private garage, fireplaces, and in-unit laundry, with one 2-bedroom and one 3-bedroom layout.
Where is this duplex located?
The property is located at 123 Grandview Way Missoula, MT.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 1994‑built South Hills duplex with two independent units, each with its own private garage.; Unit mix: one 2‑bed/2‑bath layout and one 3‑bed/2‑bath layout for rental flexibility.; Both units include fireplaces and in‑unit laundry.
