Well-Maintained Duplex With Outdoor
318 S 5th St E Missoula, MT 59801
New
318 S 5th St E, Missoula, MT, 59801
$639,000
For Sale
$639,000
1915-built duplex with private decks, separate outdoor living areas, and recent mini-split heating and cooling in both units.
Property Size1,678 SF
Price / SF$380.81
Days on Market6
Property Features for 318 S 5th St E
General Information
- Standard status
- Active
- Size
- 1,678 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing Agency
ERA Lambros Real Estate Missoula
(406) 560-4007
Listed by
Christopher Funston · License #RRE-RBS-LIC-62672
Source
Westmontanahomes
Added: Jul 13 Checked: Jul 17 at 2:10 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 ERA Lambros Real Estate Missoula
Investment Insights
Based on property information with market context.
Built in 1915, this well-maintained duplex features two separate units with outdoor living space. The upper unit includes a spacious private deck, and the lower unit also offers its own outdoor area for everyday use.
The property is located in Missoula’s University District, with access to the University of Montana and the Hip Strip, as well as downtown Missoula and the Clark Fork River and riverfront walking trail.
Recent mini-split systems in both units provide heating and cooling. The duplex offers a flexible configuration for an owner-occupant or for a residential income setup.
The property is located in Missoula’s University District, with access to the University of Montana and the Hip Strip, as well as downtown Missoula and the Clark Fork River and riverfront walking trail.
Recent mini-split systems in both units provide heating and cooling. The duplex offers a flexible configuration for an owner-occupant or for a residential income setup.
Key Highlights
- 1915‑built duplex in Missoula’s University District
- Recent mini‑split heating and cooling in both units
- Upper unit includes a spacious private deck
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 | $35.4k | $21.12 |
| − Vacancy | −$2.9k | −$1.71 |
| EGI | $32.6k | $19.41 |
| − OpEx | −$14.7k | −$8.73 |
| NOI | $17.9k | $10.68 |
1,678 SF · lease $21.12/SF/yr · vacancy 8.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$255.9K
$223.9K – $298.6K
NOI $17,913 @ 7.0% cap · market cap 2.80%
Second Best
Multifamily LT 5
$239.9K
$209.9K – $279.9K
NOI $16,791 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$483.8K
$423.3K – $564.4K
NOI $33,866 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - 1915-built duplex with private decks, separate outdoor living areas, and recent mini-split heating and cooling in both units.
Where is this duplex located?
The property is located at 318 S 5th St E Missoula, MT.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: 1915‑built duplex in Missoula’s University District; Recent mini‑split heating and cooling in both units; Upper unit includes a spacious private deck
