Eight-Plex Multifamily
For Sale
$650,000
1347 Dakota Street, Missoula, MT 59801
Eight one-bedroom, one-bath units offered with a west-end yard and multiple off-street parking spots.
Property Size4,215 SF
Price / SF$154.21
Days on Market88
Property Features for 1347 Dakota Street
General Information
Standard status
Active
Size
4,215 SF
Property subtype
Commercial
Additional Details
Multifamily Units
8
Amenities
yard
garage/studio
shed
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
EXIT Realty Missoula
(406) 721-1010
Listed By:
Kevin R Bailey · License #54097
Source:
Clearwaterproperties
Added: May 7
Changed: Jul 22
Last Checked: Jul 22 at 4:03AM
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 EXIT Realty Missoula
Investment Insights
Based on property information with market context.
This 8-plex multifamily property consists of one-bedroom, one-bath units. The configuration includes a yard on the west end, as well as a small garage/studio and shed, along with several off-street parking spots located in the back.
The property is centrally located between Russell and Orange Streets. The buyer must continue to rent the units to low-income tenants through 1/1/2035 in accordance with Home Investment Partnerships Program guidelines with the City of Missoula.
Buyers and their agents are responsible for verifying all information about the property. Information provided by outside sources is considered reliable but is not guaranteed by the listing agent or listing office.
The property is centrally located between Russell and Orange Streets. The buyer must continue to rent the units to low-income tenants through 1/1/2035 in accordance with Home Investment Partnerships Program guidelines with the City of Missoula.
Buyers and their agents are responsible for verifying all information about the property. Information provided by outside sources is considered reliable but is not guaranteed by the listing agent or listing office.
Key Highlights
- 8‑plex built in 2014 with eight 1‑bedroom, 1‑bath units
- Must continue renting to low‑income tenants through 1/1/2035 under the City of Missoula HOME program guidelines
- Includes a yard on the west end
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 | $89.0k | $21.12 |
| − Vacancy | −$7.2k | −$1.71 |
| EGI | $81.8k | $19.41 |
| − OpEx | −$36.8k | −$8.73 |
| NOI | $45.0k | $10.68 |
4,215 SF · lease $21.12/SF/yr · vacancy 8.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$642.8K
$562.5K – $749.9K
NOI $44,996 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.06M – $1.42M
NOI $85,069 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
827
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom, one-bath units offered with a west-end yard and multiple off-street parking spots.
Where is this apartment building located?
The property is located at 1347 Dakota Street Missoula, MT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 8‑plex built in 2014 with eight 1‑bedroom, 1‑bath units; Must continue renting to low‑income tenants through 1/1/2035 under the City of Missoula HOME program guidelines; Includes a yard on the west end
