Triplex with Landscaped
For Sale
$585,000
330 S California St, Missoula, MT 59801
Three occupied apartments with leases in place through May 2027 and convenient access to the university.
Property Size1,850 SF
Price / SF$316.22
Days on Market14
Property Features for 330 S California St
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,042
Amenities
rain gutters
landscaped and level grounds
front and back yards
underground sprinklers
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Rise Realty Group, eXp Realty
(406) 552-4111
Listed By:
Jason Smith Baker
(406) 552-7548
Source:
Exprealty
Added: Sep 9
Changed: Sep 20
Last Checked: Sep 21 at 8:01AM
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 Rise Realty Group, eXp Realty
Investment Insights
Based on property information with market context.
This tenant-occupied triplex contains approximately 1,850 square feet of living space across three separate apartments. Each unit has 1 bedroom and 1 full bathroom. The two lower-level apartments are approximately 500 square feet each, while the second-floor unit measures approximately 850 square feet and includes central air conditioning, a jetted tub, and a separate shower.
Located at 330 S California St in Missoula, the property provides access to the university and is described as a short bike ride from campus. The parcel includes landscaped, level grounds with front and back yards, rain gutters, and underground sprinklers. All three apartments are leased through May 2027, with the leases transitioning to month-to-month afterward.
Located at 330 S California St in Missoula, the property provides access to the university and is described as a short bike ride from campus. The parcel includes landscaped, level grounds with front and back yards, rain gutters, and underground sprinklers. All three apartments are leased through May 2027, with the leases transitioning to month-to-month afterward.
Key Highlights
- Three separate 1‑bedroom, 1‑bath apartment units
- Approximately 1,850 square feet of total living space
- Second‑floor 850‑square‑foot unit with central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,749
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$394,980
$395.0K
Cap Rate 7%
$282,129
$282.1K
Cap Rate 9%
$219,433
$219.4K
Market Conditions
NOI Build-Up for 1,850 SF
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.
Gross rent
$39.1K $21.12/SF
− Vacancy
−$3.2K −$1.71/SF
EGI
$35.9K $19.41/SF
− OpEx
−$16.2K −$8.73/SF
NOI
$19.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$394,980
Cap Rate 7%
$282,129
Cap Rate 9%
$219,433
Alternative Uses
Best Use
Apartment 5plus
$282.1K
$246.9K – $329.2K
NOI $19,749 @ 7.0% cap · market cap 3.38%
Second Best
Multifamily LT 5
$264.5K
$231.4K – $308.5K
NOI $18,512 @ 7.0% cap · market cap 3.16%
Theoretical Best
Specialty Retail
$533.4K
$466.7K – $622.3K
NOI $37,338 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
821
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?
Triplex - Three occupied apartments with leases in place through May 2027 and convenient access to the university.
Where is this triplex located?
The property is located at 330 S California St Missoula, MT.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Three separate 1‑bedroom, 1‑bath apartment units; Approximately 1,850 square feet of total living space; Second‑floor 850‑square‑foot unit with central air conditioning
