South Hills Duplex with
For Sale
$660,000
123 Grandview Way, Missoula, MT 59803
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 Market97
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
Listed By:
Dawn Maddux · License #RRE-BRO-LIC-31860
(406) 871-8168
Source:
Jasonbakerteam
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 7 at 2:03PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,584
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,680
$551.7K
Cap Rate 7%
$394,057
$394.1K
Cap Rate 9%
$306,489
$306.5K
Market Conditions
NOI Build-Up for 2,584 SF
Gross rent
$54.6K $21.12/SF
− Vacancy
−$4.4K −$1.71/SF
EGI
$50.2K $19.41/SF
− OpEx
−$22.6K −$8.73/SF
NOI
$27.6K $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%
$551,680
Cap Rate 7%
$394,057
Cap Rate 9%
$306,489
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 authorities.
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Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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Business Placement
Demographics for 59803, MT
17,203
Population
6,813
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
97%
High-School Grad
97.0 sq mi
ZIP Area
177
Density / Sq Mi
$108,992
Median Household Income
$49,831
Median Earnings
$1,194
Median Rent
$492,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
