Updated Duplex With Carriage
For Sale
$969,500
340 South Avenue W, Missoula, MT 59801
Missoula, MT
Property Size3,388 SF
Price / SF$286.16
Days on Market73
Property Features for 340 South Avenue W
General Information
Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Building Details
Year built
1951
Listing Agency:
Engel & Volkers Missoula · Engel & Völkers
(406) 926-3322
Listed By:
Beth Baumstark
Added: Aug 13
Changed: Oct 23
Last Checked: Oct 24 at 1:06AM
MLS# 30072597
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex property includes a 1951 main residence and a separate 1910 carriage house studio. The primary home contains 3,068 square feet, five bedrooms, two bathrooms, an eat-in kitchen with original cabinetry, refinished hardwood flooring, a gas fireplace, updated windows, and a finished basement. The lower level adds two conforming bedrooms, a living room, a three-quarter bathroom, a television room, and storage, with a layout that can be locked off for added flexibility.
The 320-square-foot carriage house has independent access, separate water and power, a fenced yard, and upgraded bathroom finishes, flooring, roof, furnace, patio, fence, and exterior paint. Site improvements include a true two-car garage with a reinforced beam, sheetrock, full paint, and a newer side entrance, along with a rebuilt driveway. Combined finished area totals 3,388 square feet at 340 South Avenue W in Missoula.
The 320-square-foot carriage house has independent access, separate water and power, a fenced yard, and upgraded bathroom finishes, flooring, roof, furnace, patio, fence, and exterior paint. Site improvements include a true two-car garage with a reinforced beam, sheetrock, full paint, and a newer side entrance, along with a rebuilt driveway. Combined finished area totals 3,388 square feet at 340 South Avenue W in Missoula.
Key Highlights
- Two independent dwellings totaling 3,388 sq ft
- Main residence measures 3,068 sq ft with 5 bedrooms and 2 bathrooms
- Original 1910 carriage house includes 320 sq ft of finished space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,167
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,340
$723.3K
Cap Rate 7%
$516,671
$516.7K
Cap Rate 9%
$401,856
$401.9K
Market Conditions
NOI Build-Up for 3,388 SF
Gross rent
$71.6K $21.12/SF
− Vacancy
−$5.8K −$1.71/SF
EGI
$65.8K $19.41/SF
− OpEx
−$29.6K −$8.73/SF
NOI
$36.2K $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%
$723,340
Cap Rate 7%
$516,671
Cap Rate 9%
$401,856
Alternative Uses
Best Use
Apartment 5plus
$516.7K
$452.1K – $602.8K
NOI $36,167 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$976.8K
$854.7K – $1.14M
NOI $68,378 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,009
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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Frequently Asked Questions
What type of property is this?
Single family property - Two separately accessed residences offer flexible occupancy, dedicated utilities, and a detached-style studio with its own fenced yard.
Where is this single family property located?
The property is located at 340 South Avenue W Missoula, MT.
What is the asking price?
The asking price for this property is $969,500.
What are key features of this property?
This property features: Two independent dwellings totaling 3,388 sq ft; Main residence measures 3,068 sq ft with 5 bedrooms and 2 bathrooms; Original 1910 carriage house includes 320 sq ft of finished space
