2115 3rd W St, Missoula, MT 59801-2253
This exceptional mixed-use investment property, located at 2115 S 3rd Street W in Missoula, Montana, presents a rare opportunity to acquire a high-performing asset in a thriving market. The property, built in 1992, sits on a 0.34-acre lot and is zoned C1-4, offering significant potential for future expansion and development. Currently, the property boasts 67 self-storage units and three additional rental units, generating substantial passive income. The low-maintenance nature of the operation ensures a high return on investment. Situated in the heart of Missoula, this property benefits from its proximity to a wealth of local amenities, including shopping, dining, and entertainment options, ensuring consistent tenant demand. The strong rental history and proven income generation make this a compelling investment for both seasoned and novice investors. The C1-4 zoning allows for the possibility of adding more multi-family units or expanding the existing storage facilities, further enhancing the property's value and income potential. This is a turnkey operation ready for immediate income generation with significant upside potential. The asking price is $1,475,000. Don't miss this chance to own a piece of Missoula's vibrant real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.