4-Unit Apartment
731 Palmer Street, Missoula, MT 59802
For Sale
New
$824,900
ResidentialIncome, Missoula, MT
Property Size4,480 SF
Lot Size0.22 Acres
Price / SF$184.13
Days on Market3
Property Features for 731 Palmer Street
General Information
Property type
Property subtype
Rooms
Parking features
Lot features
View
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
PureWest Real Estate Missoula
(406) 541-4000
Listed By:
Devin Khoury · License #RRE-BRO-LIC-14766
(406) 207-8200
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 7 at 1:06AM
MLS# 30080642
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1990, this four-unit apartment property contains 4,480 square feet on a 0.22-acre parcel. All four residences have three bedrooms. The site includes outdoor area, a laundry room, and parking via driveway and on-street spaces. The asphalt roof and exterior are among the property’s physical features; the exterior would benefit from attention.
The property is near parks and the North Side trail system, as well as Providence St. Patrick Hospital, shopping, and public bus service. Existing leases run for 12 months and are approaching renewal this spring.
The property is near parks and the North Side trail system, as well as Providence St. Patrick Hospital, shopping, and public bus service. Existing leases run for 12 months and are approaching renewal this spring.
Key Highlights
- Four residences, each with three bedrooms
- 4,480‑square‑foot building on a 0.22‑acre lot
- Built in 1990; asphalt roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,824
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,480
$956.5K
Cap Rate 7%
$683,200
$683.2K
Cap Rate 9%
$531,378
$531.4K
Market Conditions
NOI Build-Up for 4,480 SF
Gross rent
$94.6K $21.12/SF
− Vacancy
−$7.7K −$1.71/SF
EGI
$87.0K $19.41/SF
− OpEx
−$39.1K −$8.73/SF
NOI
$47.8K $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%
$956,480
Cap Rate 7%
$683,200
Cap Rate 9%
$531,378
Alternative Uses
Best Use
Apartment 5plus
$683.2K
$597.8K – $797.1K
NOI $47,824 @ 7.0% cap · market cap 5.80%
Second Best
Multifamily LT 5
$640.4K
$560.4K – $747.2K
NOI $44,829 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,418 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has three bedrooms, with outdoor space across the parcel.
Where is this quadplex located?
The property is located at 731 Palmer Street Missoula, MT.
What is the asking price?
The asking price for this property is $824,900.
What are key features of this property?
This property features: Four residences, each with three bedrooms; 4,480‑square‑foot building on a 0.22‑acre lot; Built in 1990; asphalt roof
