Residential Income Duplex
1231 Eaton Street Missoula, MT 59801
New
For Sale
$520,000
Duplex-style home with separate upper and lower living spaces, two baths, and dedicated covered parking for each unit.
Property Size2,112 SF
Price / SF$246.21
Days on Market3
Property Features for 1231 Eaton Street
General Information
- Standard status
- Active
- Size
- 2,112 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1974
Listing Agency:
Big Sky Brokers, LLC
(406) 241-6626
Listed By:
Rose Chadwell · License #RRE-RBS-LIC-118630
Source:
Clearwaterproperties
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 9:57AM
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 Big Sky Brokers, LLC
Investment Insights
Based on property information with market context.
This residential income duplex-style home offers two separate living spaces with a total of five bedrooms and two baths. The main floor features a refreshed 3-bedroom, 1-bath layout with a bright living room highlighted by a large picture window. An eat-in kitchen includes a dining area overlooking a covered back patio and a private, mature fenced backyard.
The finished lower level includes 2 bedrooms and 1 bath, with a separate rear entrance and dedicated covered parking. It currently serves as a non-conforming apartment and includes a full kitchen, welcoming living and dining space, egress windows, and access to a shared laundry, utility, and storage room.
The property also includes a yard with established gardens and fruit trees, providing outdoor space for entertaining.
The finished lower level includes 2 bedrooms and 1 bath, with a separate rear entrance and dedicated covered parking. It currently serves as a non-conforming apartment and includes a full kitchen, welcoming living and dining space, egress windows, and access to a shared laundry, utility, and storage room.
The property also includes a yard with established gardens and fruit trees, providing outdoor space for entertaining.
Key Highlights
- Duplex‑style 5‑bedroom, 2‑bath home with two separate upper and lower living spaces totaling 2,112 sq. ft.
- Main level offers 3 bedrooms, 1 bath, a bright living room with a large picture window, and an eat‑in kitchen with dining area.
- Kitchen/dining area overlooks a covered back patio and a private, mature fenced backyard with established gardens and fruit trees.
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 | $44.6k | $21.12 |
| − Vacancy | −$3.6k | −$1.71 |
| EGI | $41.0k | $19.41 |
| − OpEx | −$18.4k | −$8.73 |
| NOI | $22.5k | $10.68 |
2,112 SF · lease $21.12/SF/yr · vacancy 8.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$322.1K
$281.8K – $375.8K
NOI $22,546 @ 7.0% cap · market cap 4.34%
Second Best
Multifamily LT 5
$301.9K
$264.2K – $352.2K
NOI $21,134 @ 7.0% cap · market cap 4.06%
Theoretical Best
Specialty Retail
$608.9K
$532.8K – $710.4K
NOI $42,625 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex-style home with separate upper and lower living spaces, two baths, and dedicated covered parking for each unit.
Where is this duplex located?
The property is located at 1231 Eaton Street Missoula, MT.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Duplex‑style 5‑bedroom, 2‑bath home with two separate upper and lower living spaces totaling 2,112 sq. ft.; Main level offers 3 bedrooms, 1 bath, a bright living room with a large picture window, and an eat‑in kitchen with dining area.; Kitchen/dining area overlooks a covered back patio and a private, mature fenced backyard with established gardens and fruit trees.
