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    2601 2609 Missoula, MT 59808

    Sponsored
    For Sale
    $699,000

    Three-parcel development, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Missoula investment opportunity encompasses three parcels totaling over 15,682 square feet of land within the coveted Hellgate Meadows subdivision. Strategically located adjacent to the bustling North Reserve Shopping District, this property presents a unique blend of residential and commercial development potential. The existing structures are apartment buildings, specifically a duplex/triplex/quadruplex configuration, offering immediate income generation. Detailed bid-set plans for both residential and commercial uses are available and negotiable as part of the sale, providing a solid foundation for future expansion or redevelopment. The substantial lot size allows for significant flexibility in project design and execution, catering to a wide range of development scenarios. This is an ideal acquisition for investors seeking a strong return on investment in a thriving Montana market. The asking price for this prime Missoula property is $699,000. The property's address is 2601 Connery Way, encompassing units 2601, 2605, and 2609, Missoula, MT 59808. This is a rare chance to acquire a mixed-use property with immediate income and significant upside in a highly desirable location.

    Property Features for 2601 2609

    General Information

    Property type
    Multifamily properties

    HighLights

    • 15,682 sq ft land parcel in Missoula's Hellgate Meadows subdivision, adjacent to North Reserve Shopping District.
    • Mixed‑use property with existing duplex/triplex/quadruplex generating immediate income.
    • Detailed bid‑set plans for residential and commercial development included.
    • $699,000 asking price for 2601, 2605, and 2609 Connery Way, Missoula, MT 59808.
    • Strong ROI potential in a thriving Montana market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Map

    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.047082
    Latitude
    46.889558

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    FAQs

    What type of property is this?
    Multifamily property - Three-parcel development, high potential.
    Where is this multifamily property located?
    The property is located at 2601 2609 Missoula, MT.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 15,682 sq ft land parcel in Missoula's Hellgate Meadows subdivision, adjacent to North Reserve Shopping District.; Mixed-use property with existing duplex/triplex/quadruplex generating immediate income.; Detailed bid-set plans for residential and commercial development included.
    Request Owner's contact information
    2601 2609 Missoula, MT 59808
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    Missoula, MT 59808
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2601 2609 Missoula, MT 59808
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