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Apartment Building with Commercial Space
For Sale
$850,000

412 E Spruce Street, Missoula, MT 59802

ResidentialIncome, Missoula, MT

Property SizeContact for details
Lot Size0.10 Acres
Days on Market47

Property Features for 412 E Spruce Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning description D-T (Downtown Transition)
Rooms Laundry Room, Basement
Lot features Back Yard, Front Yard
View City
Directions On E Spruce St downtown.
Standard status Active
APN 04220022244020000
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description CP HIGGINS, S22, T13 N, R19 W, BLOCK Q, POR OF LOT 13 & 14
Tax Annual Amount 5823
Legal Description CP HIGGINS, S22, T13 N, R19 W, BLOCK Q, POR OF LOT 13 & 14

Utilities

Sewer type Public Sewer
Heating system Hot Water(Heating), Natural Gas
Water source Public

Amenities

coin-op laundry

Building Details

Year built 1910
Number of units 7
Listing Agency: Ink Realty Group
Listed By: Maggie Springer · License #RRE-RBS-LIC-71615
Added: Jul 9 Changed: Aug 24 Last Checked: Aug 24 at 11:06AM
MLS# 30074630

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 7-unit property combines six residential apartments with one commercial space and two leased garage bays. Improvements include new paint and flooring in four units within the last three years, along with updated insulation and electrical work in the attics. Four coin-operated laundry machines serve the property. Built in 1910, the building has high ceilings and includes a basement and laundry room.

The property is located near downtown, Black Coffee, and the University. Parking includes two off-street spaces at the front, plus one space at the rear or on the street. Public water and public sewer serve the property, with natural gas hot water heating.

Key Highlights

  • 7‑unit property with 6 residential units and 1 commercial space
  • 2 leased garage bays included
  • Fully leased property with 4 coin‑operated laundry machines

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Home Appliance Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,590
Businesses Nearby

Demographics for 59802, MT

19,892
Population
10,416
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
96%
High-School Grad
45.4 sq mi
ZIP Area
438
Density / Sq Mi
$65,054
Median Household Income
$36,541
Median Earnings
$1,021
Median Rent
$420,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six residential units accompany a commercial area and garage bays in a fully leased property.
Where is this apartment building located?
The property is located at 412 E Spruce Street Missoula, MT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 7‑unit property with 6 residential units and 1 commercial space; 2 leased garage bays included; Fully leased property with 4 coin‑operated laundry machines
More about this property
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