Duplex with Separate
For Sale
$995,000
340 South Avenue W, Missoula, MT 59801
MULTI_FAMILY - Missoula, MT
Property Size3,388 SF
Lot Size0.19 Acres
Price / SF$293.68
Days on Market61
Property Features for 340 South Avenue W
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Zoning description
1
Rooms
Basement, Laundry Room
Parking features
Garage, On Street, Open
Security features
Security
Interior features
Fireplace, MainLevelPrimary
Exterior features
RainGutters
Fireplace
1
Appliances
Dryer, Dishwasher, Range, Refrigerator, Washer
Lot features
Back Yard, Front Yard, Landscaped, Level, Sprinklers In Ground
Directions
Google/Apple Maps will get you there. SW corner of South Ave West and Park Street.
Standard status
Active
APN
04220028404010000
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HOMEVALE ADDITION, S28, T13,R19W, BLOCK 44. LOT 13-14
Tax Annual Amount
6967
Legal Description
HOMEVALE ADDITION, S28, T13,R19W, BLOCK 44. LOT 13-14
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
gas fireplace
fenced yard
Building Details
Year built
1951
Floors in Building
2
Number of units
2
Listing Agency:
Engel & Volkers Western Frontier - Missoula · Engel & Völkers
(406) 926-3322
Listed By:
Beth Baumstark · License #RRE-RBS-LIC-119411
(406) 370-3562
Added: Jun 3
Changed: Aug 1
Last Checked: Aug 2 at 1:06AM
MLS# 30072597
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.
Investment Insights
Based on property information with market context.
This duplex-style property includes two independent dwellings on one lot, offering separate utility services and independent access for each home. The primary residence at 340 South Ave W is a 1951 mid-century home with 5 bedrooms, 2 bathrooms, a large eat-in kitchen with original cabinetry, and a gas fireplace in the main living area. The upstairs features refinished original hardwood floors, new windows and trim, and Hunter Douglas blinds. Professional interior and exterior painting and move-in-ready condition are noted, along with a finished basement that includes 2 conforming bedrooms, a living room, and a 3/4 bathroom, with the ability to lock off that section for added flexibility.
The second dwelling, 342 South Ave W, is described as a carriage house/studio originally built in 1910 and fully upgraded. It includes its own fenced yard and ample on-street parking, with updates noted including furnace, fence and patio, roof replacement, exterior paint, refinished hardwood floors, and bathroom upgrades. Both homes are served by public water and public sewer, with separate water and power.
Additional amenities include forced-air natural gas heating, rain gutters, and a true 2-car garage plus a rebuilt driveway. The property totals 3,388 SF (3,068 SF main home plus 320 SF finished carriage house) on a 0.186-acre lot, zoned Residential.
The second dwelling, 342 South Ave W, is described as a carriage house/studio originally built in 1910 and fully upgraded. It includes its own fenced yard and ample on-street parking, with updates noted including furnace, fence and patio, roof replacement, exterior paint, refinished hardwood floors, and bathroom upgrades. Both homes are served by public water and public sewer, with separate water and power.
Additional amenities include forced-air natural gas heating, rain gutters, and a true 2-car garage plus a rebuilt driveway. The property totals 3,388 SF (3,068 SF main home plus 320 SF finished carriage house) on a 0.186-acre lot, zoned Residential.
Key Highlights
- Two independent dwellings with separate water and power and independent access
- 3,388 SF total: 3,068 SF main home plus 320 SF finished carriage house
- 340 South Ave W: 5 bedrooms, 2 bathrooms with gas fireplace
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 | $71.6k | $21.12 |
| − Vacancy | −$5.8k | −$1.71 |
| EGI | $65.8k | $19.41 |
| − OpEx | −$29.6k | −$8.73 |
| NOI | $36.2k | $10.68 |
3,388 SF · lease $21.12/SF/yr · vacancy 8.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$516.7K
$452.1K – $602.8K
NOI $36,167 @ 7.0% cap · market cap 3.63%
Second Best
Multifamily LT 5
$484.3K
$423.8K – $565.0K
NOI $33,902 @ 7.0% cap · market cap 3.41%
Theoretical Best
Specialty Retail
$976.8K
$854.7K – $1.14M
NOI $68,378 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,771
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent dwellings with separate water and power, plus independent access and a fenced yard for the carriage house.
Where is this duplex located?
The property is located at 340 South Avenue W Missoula, MT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two independent dwellings with separate water and power and independent access; 3,388 SF total: 3,068 SF main home plus 320 SF finished carriage house; 340 South Ave W: 5 bedrooms, 2 bathrooms with gas fireplace
