112 Grove St Missoula, MT 59804
This exceptional .687-acre lot, located at 112 N Grove Street in Missoula, Montana, presents a rare opportunity for multifamily development. Zoned for medium-density residential (allowing 3-11 units per acre), this 29,926 square foot property offers significant potential for a variety of projects. The site could be subdivided into up to seven single-family units, subject to applicable regulations and without considering any affordable housing bonuses. Situated in a rapidly developing area just west of Missoula's core, this property benefits from its proximity to the Milwaukee Bike Trail, providing convenient east-west commuting access. The future extension of the trail will connect to the Clark Fork River, offering recreational opportunities a mere quarter-mile away. The property's desirable location is enhanced by its proximity to Orchard Gardens, a multi-unit residential complex with a community garden, and a neighborhood park located less than a quarter-mile away via the bike trail. Easy access to Reserve Street and a short distance to Missoula's city amenities further enhance its appeal. The asking price is $397,000. Detailed information, including photos and brochures, is available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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