Side-by-Side
For Sale
$635,000
1824 Hollis Street, Missoula, MT 59801
ResidentialIncome, Missoula, MT
Property Size2,912 SF
Lot Size0.17 Acres
Price / SF$218.06
Days on Market106
Property Features for 1824 Hollis Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Laundry Room, Basement
Interior features
MainLevelPrimary
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Lot features
Back Yard, Garden, Level
View
City
Directions
On the corner of Hollis and Kensington
Standard status
Active
APN
04220028429010000
Size
2,912 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
GLENWOOD PARK, S28, T13 N, R19 W, BLOCK 3, Lot 20A, 7185 SQUARE FEET, OF LOTS 20, 21, 22, & 23
Tax Annual Amount
4604
Legal Description
GLENWOOD PARK, S28, T13 N, R19 W, BLOCK 3, Lot 20A, 7185 SQUARE FEET, OF LOTS 20, 21, 22, & 23
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
outdoor storage areas
fenced backyard with raised garden beds
laundry room
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Listing Agency:
Ink Realty Group
(406) 728-8270
Listed By:
Maggie Springer · License #RRE-RBS-LIC-71615
(406) 240-9545
Added: Jul 2
Changed: Oct 14
Last Checked: Oct 15 at 4:06AM
MLS# 30074196
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.
Investment Insights
Based on property information with market context.
This 2,912-square-foot duplex contains two side-by-side homes on a 0.165-acre parcel. The 1-bedroom, 1-bathroom unit includes bonus rooms and basement laundry space. Its companion has 4 bedrooms and 1 bathroom, with additional basement area and its own laundry room. Both living rooms have new carpet, and the interiors have been freshly painted. A new roof is planned before closing.
Covered off-street parking, outdoor storage areas, and a fenced backyard with raised garden beds add to the property’s practical features. Built in 1971, the duplex is served by public water and sewer.
Covered off-street parking, outdoor storage areas, and a fenced backyard with raised garden beds add to the property’s practical features. Built in 1971, the duplex is served by public water and sewer.
Key Highlights
- Two side‑by‑side units totaling 2,912 square feet
- Unit mix: 1 BD/1 BA and 4 BD/1 BA
- 0.165‑acre parcel; built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,086
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,720
$621.7K
Cap Rate 7%
$444,086
$444.1K
Cap Rate 9%
$345,400
$345.4K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$61.5K $21.12/SF
− Vacancy
−$5.0K −$1.71/SF
EGI
$56.5K $19.41/SF
− OpEx
−$25.4K −$8.73/SF
NOI
$31.1K $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 Rate 5%
$621,720
Cap Rate 7%
$444,086
Cap Rate 9%
$345,400
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 authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,039
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer distinct bedroom counts, basement space, and dedicated laundry areas.
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: Two side‑by‑side units totaling 2,912 square feet; Unit mix: 1 BD/1 BA and 4 BD/1 BA; 0.165‑acre parcel; built in 1971
