Live-Work Property with Detached
For Sale
$735,000
1732 Defoe St, Missoula, MT 59802
U-R3 zoning, solar power, residential quarters, and separate apartment support flexible live-work use.
Property Size4,124 SF
Price / SF$178.23
Days on Market122
Property Features for 1732 Defoe St
General Information
Standard status
Active
Size
4,124 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Main Street Realty
Listed By:
Tylor Trenary · License #38083
(406) 544-3310
Source:
Jasonbakerteam
Added: Jun 16
Changed: Oct 5
Last Checked: Oct 7 at 4:07PM
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 Main Street Realty
Investment Insights
Based on property information with market context.
This multi-use property combines residential space, office potential, and dedicated workshop capacity. The principal building includes two bedrooms, hardwood flooring, and a 28 x 20 bonus room that can support office or additional living functions. A basement efficiency unit has its own exterior entrance, while a separate three-bedroom apartment is positioned at the rear. The property also includes a detached 28 x 28 garage and shop with 12+ foot ceilings and an overhead-door configuration originally designed for 12-foot doors.
U-R3 zoning supports the property’s live-work character in Missoula’s historic West Side neighborhood. A solar panel system serves the property, and established garden beds and fruit trees add outdoor utility to the site. The combination of separate spaces, workshop improvements, and residential components provides a varied physical configuration for commercial and residential use.
U-R3 zoning supports the property’s live-work character in Missoula’s historic West Side neighborhood. A solar panel system serves the property, and established garden beds and fruit trees add outdoor utility to the site. The combination of separate spaces, workshop improvements, and residential components provides a varied physical configuration for commercial and residential use.
Key Highlights
- 28 x 28 detached garage/shop with 12+ foot ceilings
- Separate 3‑bedroom apartment at the rear of the property
- Main building includes 2 bedrooms and a 28 x 20 bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,953
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,060
$1.0M
Cap Rate 7%
$727,900
$727.9K
Cap Rate 9%
$566,144
$566.1K
Market Conditions
NOI Build-Up for 4,124 SF
Gross rent
$89.1K $21.60/SF
− Vacancy
−$10.7K −$2.59/SF
EGI
$78.4K $19.01/SF
− OpEx
−$27.4K −$6.65/SF
NOI
$51.0K $12.36/SF
Area
Missoula County, MT
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,060
Cap Rate 7%
$727,900
Cap Rate 9%
$566,144
Alternative Uses
Best Use
Flex RnD
$727.9K
$636.9K – $849.2K
NOI $50,953 @ 7.0% cap · market cap 6.93%
Second Best
Office B
$686.6K
$600.8K – $801.1K
NOI $48,065 @ 7.0% cap · market cap 6.54%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,233 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 59802, MT
19,892
Population
10,416
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
438
Density / Sq Mi
$65,054
Median Household Income
$36,541
Median Earnings
$1,021
Median Rent
$420,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Live-work space - U-R3 zoning, solar power, residential quarters, and separate apartment support flexible live-work use.
Where is this live-work space located?
The property is located at 1732 Defoe St Missoula, MT.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 28 x 28 detached garage/shop with 12+ foot ceilings; Separate 3‑bedroom apartment at the rear of the property; Main building includes 2 bedrooms and a 28 x 20 bonus room
