Renovated Duplex with Detached
For Sale
$749,000
208 /210 Dixon Ave, Missoula, MT 59801
Five-bedroom, three-bath duplex with updated interiors, detached two-car garage, and newer roof, furnace, and water heaters.
Property Size2,108 SF
Price / SF$355.31
Days on Market128
Property Features for 208 /210 Dixon Ave
General Information
Standard status
Active
Size
2,108 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Listing Agency:
Congress Realty
(888) 881-4118
Listed By:
Jared Andrew English · License #B.1001537
Source:
Toporealestate
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 28 at 1:00PM
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 Congress Realty
Investment Insights
Based on property information with market context.
This renovated five-bedroom, three-bath duplex offers two distinct living sections, each with its own comfortable layout and living/dining spaces. The front portion features a cozy open concept living area, two large bedrooms, and a full bath, with large front windows overlooking a yard with a patio and native landscaping. The back portion includes an airy living and dining area with views into the yard, plus a renovated attached kitchen with stainless steel appliances. The main section provides two additional bedrooms that share a full bath, and a separate primary suite with an ensuite bath, walk-in closet, and direct access to the yard. A detached two-car garage supports off-street parking needs.
Located at 208 Dixon Avenue in Missoula, the property is described as a 1965 home and includes substantial recent updates such as a new roof, furnace, water heaters, flooring, gutters, windows, and updated baths and appliances.
Located at 208 Dixon Avenue in Missoula, the property is described as a 1965 home and includes substantial recent updates such as a new roof, furnace, water heaters, flooring, gutters, windows, and updated baths and appliances.
Key Highlights
- Five‑bedroom, three‑bath duplex built in 1965 with flexible living and rental potential
- Detached two‑car garage plus a front yard with patio and native landscaping
- Renovated attached kitchen with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,503
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$450,060
$450.1K
Cap Rate 7%
$321,471
$321.5K
Cap Rate 9%
$250,033
$250.0K
Market Conditions
NOI Build-Up for 2,108 SF
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.
Gross rent
$44.5K $21.12/SF
− Vacancy
−$3.6K −$1.71/SF
EGI
$40.9K $19.41/SF
− OpEx
−$18.4K −$8.73/SF
NOI
$22.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$450,060
Cap Rate 7%
$321,471
Cap Rate 9%
$250,033
Alternative Uses
Best Use
Apartment 5plus
$321.5K
$281.3K – $375.1K
NOI $22,503 @ 7.0% cap · market cap 3.00%
Second Best
Multifamily LT 5
$301.3K
$263.7K – $351.6K
NOI $21,094 @ 7.0% cap · market cap 2.82%
Theoretical Best
Specialty Retail
$607.8K
$531.8K – $709.1K
NOI $42,545 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
398
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Five-bedroom, three-bath duplex with updated interiors, detached two-car garage, and newer roof, furnace, and water heaters.
Where is this duplex located?
The property is located at 208 /210 Dixon Ave Missoula, MT.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Five‑bedroom, three‑bath duplex built in 1965 with flexible living and rental potential; Detached two‑car garage plus a front yard with patio and native landscaping; Renovated attached kitchen with stainless steel appliances
