Side-by-Side Duplex with Two
1824 Hollis Street Missoula, MT 59801
1824 Hollis Street, Missoula, MT, 59801
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For Sale
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Side-by-side duplex features two rented units with separate bedrooms, basements, laundry, and off-street covered parking.
Property Size2,912 SF
Price / SF$218.06
Days on Market19
Property Features for 1824 Hollis Street
General Information
- Standard status
- Active
- Size
- 2,912 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing Agency
Ink Realty Group
(406) 240-9545
Listed by
Maggie Springer · License #RRE-RBS-LIC-71615
Source
Crexi
Added: Jul 3 Updated: Jul 10 at 2:14 pm Checked: Jul 19 at 7:36 am
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 Ink Realty Group
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two distinct residences, each with its own character. Unit 1 is a 1-bedroom, 1-bath bungalow with basement laundry and additional bonus rooms. Unit 2 is a 4-bedroom, 1-bath home with distinctive woodwork and custom cabinetry, plus basement space and a dedicated laundry room. Recent updates include new carpet in both units’ living rooms and fresh interior paint. Exterior amenities include a fenced backyard with raised garden beds, along with ample outdoor storage and covered, off-street parking.
The property is located in Missoula’s Rose Park neighborhood, with both units addressed separately within the duplex configuration. Both units are currently rented through 10/31/2026.
The layout supports two independent living spaces within a single duplex building, each paired with basement storage and laundry access, plus outdoor space suitable for residents’ use.
The property is located in Missoula’s Rose Park neighborhood, with both units addressed separately within the duplex configuration. Both units are currently rented through 10/31/2026.
The layout supports two independent living spaces within a single duplex building, each paired with basement storage and laundry access, plus outdoor space suitable for residents’ use.
Key Highlights
- Side‑by‑side duplex in Rose Park with two separate rented units: Unit 1 at 1824 Hollis and Unit 2 at 370 Kensington
- Unit 1: 1 BD/1 BA bungalow with bonus rooms and a basement laundry room; new carpet in the living room and fresh interior paint
- Unit 2: 4 BD/1 BA home with unique woodwork and custom cabinetry; basement additional space and dedicated laundry; new carpet and fresh interior paint
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 | $61.5k | $21.12 |
| − Vacancy | −$5.0k | −$1.71 |
| EGI | $56.5k | $19.41 |
| − OpEx | −$25.4k | −$8.73 |
| NOI | $31.1k | $10.68 |
2,912 SF · lease $21.12/SF/yr · vacancy 8.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$444.1K
$388.6K – $518.1K
NOI $31,086 @ 7.0% cap · market cap 4.90%
Second Best
Multifamily LT 5
$416.3K
$364.2K – $485.7K
NOI $29,139 @ 7.0% cap · market cap 4.59%
Theoretical Best
Specialty Retail
$839.6K
$734.6K – $979.5K
NOI $58,771 @ 7.0% cap · market cap 9.26%
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 - Side-by-side duplex features two rented units with separate bedrooms, basements, laundry, and off-street covered parking.
Where is this duplex located?
The property is located at 1824 Hollis Street Missoula, MT.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Side‑by‑side duplex in Rose Park with two separate rented units: Unit 1 at 1824 Hollis and Unit 2 at 370 Kensington; Unit 1: 1 BD/1 BA bungalow with bonus rooms and a basement laundry room; new carpet in the living room and fresh interior paint; Unit 2: 4 BD/1 BA home with unique woodwork and custom cabinetry; basement additional space and dedicated laundry; new carpet and fresh interior paint
