Duplex with Separate Living
1231 Eaton Street Missoula, MT 59801
New
1231 Eaton Street, Missoula, MT, 59801
$520,000
For Sale
$520,000
MULTI_FAMILY - Missoula, MT
Property Size2,112 SF
Lot Size0.17 Acres
Price / SF$246.21
Days on Market3
Property Features for 1231 Eaton Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement, Laundry Room
- Window features
- Blinds, Screens
- Patio and Porch features
- Patio
- Interior features
- MainLevelPrimary
- Exterior features
- FirePit, Garden, RainGutters
- Appliances
- Dryer, Dishwasher, Freezer, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 04220029232250000
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- TANNER # 2, S29, T13 N, R19 W, BLOCK 12, Lot 10, E 60'
- Tax Annual Amount
- 4428
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Space Heater
- Water source
- Public
Building Details
- Year built
- 1974
- Number of units
- 2
- Building materials
- WoodSiding, WoodFrame
- Roof type
- Asphalt
Listing agency
Big Sky Brokers, LLC
(406) 443-1300
Listed by
Rose Chadwell · License #RRE-RBS-LIC-118630
(406) 241-6626
Added: Jul 20 Updated: Jul 21 at 11:37AM Checked: Jul 22 at 2:06AM
MLS# 30075055
Copyright © 2026 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers two separate living spaces in a single 5-bedroom, 2-bath home. 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, 1 bath, along 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 the shared laundry, utility, and storage room.
Set on a centrally located lot at 1231 Eaton Street in Missoula, the home is about a block from Franklin Park and a few blocks from Franklin Elementary School, with convenience to surrounding amenities.
The finished lower level includes 2 bedrooms, 1 bath, along 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 the shared laundry, utility, and storage room.
Set on a centrally located lot at 1231 Eaton Street in Missoula, the home is about a block from Franklin Park and a few blocks from Franklin Elementary School, with convenience to surrounding amenities.
Key Highlights
- 5‑bedroom, 2‑bath home with 2,112 sq. ft. and two separate upper and lower living spaces.
- Main floor: refreshed 3‑bedroom, 1‑bath layout with bright living room and large picture window.
- Lower level: finished 2‑bedroom, 1‑bath space with separate rear entrance and currently serves as a non‑conforming apartment.
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 | $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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-level duplex layout with refreshed main-floor living and a finished lower level with separate rear entry and covered parking.
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: 5‑bedroom, 2‑bath home with 2,112 sq. ft. and two separate upper and lower living spaces.; Main floor: refreshed 3‑bedroom, 1‑bath layout with bright living room and large picture window.; Lower level: finished 2‑bedroom, 1‑bath space with separate rear entrance and currently serves as a non‑conforming apartment.
