Triplex with Landscaped
330 S California St, Missoula, MT 59801
For Sale
$585,000
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 Market60
Property Features for 330 S California St
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
rain gutters
landscaped and level grounds
front and back yards
underground sprinklers
Building Details
Buildings
Tenancy
Listing Agency:
Rise Realty Group, eXp Realty
(406) 552-4111
Listed By:
Jason Smith Baker
(406) 552-7548
Source:
Exprealty
Added: Sep 9
Changed: Nov 6
Last Checked: Nov 6 at 12:54PM
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
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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 / Yr
$19,749
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
821
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 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
