Multifamily Property with
For Sale
$1,000,000
212 W Kent Avenue, Missoula, MT 59801
CommercialSale, Missoula, MT
Property Size4,608 SF
Lot Size0.25 Acres
Price / SF$217.01
Days on Market36
Property Features for 212 W Kent Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential
Zoning description
Urban Residential 3 (UR-3)
Rooms
Basement, Laundry Room
Parking
3
Parking features
Driveway, Alley, On Street, Assigned
Exterior features
Balcony, RainGutters, Storage
Subdivision
Homevale Addition
Lot features
Back Yard, Front Yard, Landscaped, Sprinklers In Ground, Views, Level
View
Mountains
Directions
S. Higgins to W. Kent Avenue. Go West on Kent for 1 Block. Properties are located on North side of W. Kent Avenue.
Standard status
Active
APN
04220028422040000
Size
4,608 SF
Lot size
0.25 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
Homevale Addition, Block 3, Lots 21-23
Tax Annual Amount
16731
Legal Description
Homevale Addition, Block 3, Lots 21-23
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Forced Air, Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1949
Number of units
7
Flooring type
Carpet, Laminate, Vinyl
Building materials
AluminumSiding, WoodFrame
Roof type
Composition, Rubber
Additional Structures
Storage
Buildings
4
Listing Agency:
Berkshire Hathaway HomeServices - Missoula
(406) 721-4141
Listed By:
Mindy Palmer · License #RRE-RBS-LIC-10997
(406) 239-6696
Added: Oct 2
Changed: Nov 5
Last Checked: Nov 6 at 4:06AM
MLS# 30079222
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.
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Investment Insights
Based on property information with market context.
A 1949 multifamily property in Missoula combines a fourplex with three one-bedroom, one-bathroom cottages. The 0.248-acre site is zoned Residential. Exterior features include balconies, storage, and rain gutters; the buildings have aluminum siding and wood-frame construction. Interior finishes include vinyl, laminate, and carpet flooring. Heating systems include forced air, electric, hot water, baseboard, and natural gas. Public water and sewer serve the property, and parking options include assigned spaces, alley access, on-street parking, and a driveway.
The property is in Missoula’s Rose Park District, with proximity to the University of Montana, the Hip Strip, and Historic Downtown Missoula. Pattee Canyon Recreational Area and Bancroft Ponds are also identified nearby.
The property is in Missoula’s Rose Park District, with proximity to the University of Montana, the Hip Strip, and Historic Downtown Missoula. Pattee Canyon Recreational Area and Bancroft Ponds are also identified nearby.
Key Highlights
- Fourplex with three additional cottages, each with 1 bedroom and 1 bath
- 0.248‑acre site zoned Residential
- Built in 1949
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,191
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$983,820
$983.8K
Cap Rate 7%
$702,729
$702.7K
Cap Rate 9%
$546,567
$546.6K
Market Conditions
NOI Build-Up for 4,608 SF
Gross rent
$97.3K $21.12/SF
− Vacancy
−$7.9K −$1.71/SF
EGI
$89.4K $19.41/SF
− OpEx
−$40.2K −$8.73/SF
NOI
$49.2K $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%
$983,820
Cap Rate 7%
$702,729
Cap Rate 9%
$546,567
Alternative Uses
Best Use
Apartment 5plus
$702.7K
$614.9K – $819.9K
NOI $49,191 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $93,001 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The residential property includes a fourplex and three cottages, each configured with one bedroom and one bathroom.
Where is this apartment building located?
The property is located at 212 W Kent Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fourplex with three additional cottages, each with 1 bedroom and 1 bath; 0.248‑acre site zoned Residential; Built in 1949
