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    Multi-Family Residence with ADU Title is generated by Realmo AI

    1403 Van Buren Street, Missoula, MT 59802

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    New
    For Sale
    $550,000

    MULTI_FAMILY - Other - Missoula, MT

    Lot size:
    0.19 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for 1403 Van Buren Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Rooms
    Laundry Room, Basement
    Interior features
    MainLevelPrimary
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    04220023210070000
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Legal Description: PARKSIDE ADDITION, S23, T13 N, R19 W, BLOCK 149, Lot 21 - 22, &N 1' OF LOT 23
    Tax Annual Amount
    4867

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1945
    Floors in Building
    3
    Number of units
    3
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeri Barta
    Jeri Barta

    Listing agent Jeri Barta License #RRE-RBS-LIC-71510

    Listing office ERA Lambros Real Estate Missoula 3011 American Way, Missoula, MT

    Listing date Jun 4, 2026

    MLS# 30072365 Listing URL

    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.

    HighLights

    • 1945 home with a main‑level primary bedroom and bonus room for office, guest, or flexible space
    • Lower level offers a separate‑entry efficiency‑style living area with kitchen and 3/4 bathroom
    • Detached 1‑bedroom, 3/4‑bath ADU adjacent to the 2‑car garage
    • Dedicated parking for each living space
    • Heating: forced air with natural gas; roof: asphalt
    • Utilities/services include public water and public sewer

    Overview

    This for-sale multi-family residence includes a main 1-bedroom, 1-bath home with a bonus room suitable for a home office, guest use, or additional living space. The lower level features a separate-entry efficiency-style living area with its own kitchen and a 3/4 bathroom, creating a practical setup for guests, extended family, or workspace. A detached 1-bedroom, 3/4-bath ADU sits adjacent to the two-car garage, providing an additional independent living option within the same property.

    The property is located at 1403 Van Buren Street in Missoula, MT 59802 and is zoned for residential use. Public remarks note dedicated parking for each living space, a convenience that can matter in established neighborhoods. The home is described as well maintained for its age.

    With three distinct living spaces under one roof, the layout supports multiple real-world scenarios, including owner-occupancy with rental flexibility, multi-generational living, or supplemental income. The combination of separate entries and dedicated parking can also simplify day-to-day use by giving each household a measure of privacy and independence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -113.973363
    Latitude
    46.876191

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    FAQs

    What type of property is this?
    Triplex - Detached ADU and separate-entry lower-level suite offer flexible living and dedicated parking for each unit.
    Where is this triplex located?
    The property is located at 1403 Van Buren Street Missoula, MT.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 1945 home with a main‑level primary bedroom and bonus room for office, guest, or flexible space; Lower level offers a separate‑entry efficiency‑style living area with kitchen and 3/4 bathroom; Detached 1‑bedroom, 3/4‑bath ADU adjacent to the 2‑car garage
    (406) 671-0402
    We can help!
    Listing Contact
    Jeri Barta
    Jeri Barta
    Real Estate License ID: RRE-RBS-LIC-71510
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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