Updated Historic
323 Eddy, Missoula, MT 59801
For Sale
$1,095,000
Three leased units offer separate entrances, alley access, and proximity to the University, Hip Strip, and Downtown.
Property Size3,360 SF
Price / SF$325.89
Days on Market70
Property Features for 323 Eddy
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Garage: Additional Parking,Alley Access,On Street
Garage Spaces: 0
Style: Craftsman
Craftsman
Additional Parking,Alley Access,On Street
Building Details
Year Built
Listing Agency:
RE/MAX All Stars
Listed By:
John T Herring · License #RRE-BRO-LIC-6639
(406) 544-1742
Source:
Clearwaterproperties
Added: Sep 1
Changed: Nov 8
Last Checked: Nov 8 at 5:39AM
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 RE/MAX All Stars
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Investment Insights
Based on property information with market context.
This historic triplex, built in 1925, contains 3,360 square feet and has undergone extensive updating, including new exterior paint. The property is legally configured as three units with separate entrances and three leases. A broad front porch, recycling bins, and bicycle storage add functional amenities, while the rebuilt carriage house provides additional utility.
Located at 323 Eddy Ave in Missoula, the property sits less than three blocks from the University and near the Hip Strip and Downtown Missoula. Alley access supports day-to-day use. The current owner manages the property, and the existing triplex configuration could alternatively be restored to a single-family residence.
Located at 323 Eddy Ave in Missoula, the property sits less than three blocks from the University and near the Hip Strip and Downtown Missoula. Alley access supports day-to-day use. The current owner manages the property, and the existing triplex configuration could alternatively be restored to a single-family residence.
Key Highlights
- Legal triplex with 3 leases and 3 separate entrances
- 3,360 SF historic property built in 1925
- Less than 3 blocks from the University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,868
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,360
$717.4K
Cap Rate 7%
$512,400
$512.4K
Cap Rate 9%
$398,533
$398.5K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$71.0K $21.12/SF
− Vacancy
−$5.7K −$1.71/SF
EGI
$65.2K $19.41/SF
− OpEx
−$29.3K −$8.73/SF
NOI
$35.9K $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%
$717,360
Cap Rate 7%
$512,400
Cap Rate 9%
$398,533
Alternative Uses
Best Use
Apartment 5plus
$512.4K
$448.4K – $597.8K
NOI $35,868 @ 7.0% cap · market cap 3.28%
Second Best
Multifamily LT 5
$480.3K
$420.3K – $560.4K
NOI $33,622 @ 7.0% cap · market cap 3.07%
Theoretical Best
Specialty Retail
$968.8K
$847.7K – $1.13M
NOI $67,813 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,378
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?
Triplex - Three leased units offer separate entrances, alley access, and proximity to the University, Hip Strip, and Downtown.
Where is this triplex located?
The property is located at 323 Eddy Missoula, MT.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Legal triplex with 3 leases and 3 separate entrances; 3,360 SF historic property built in 1925; Less than 3 blocks from the University
