Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2300 Mcdonald Ave Missoula, MT 59801-7300
    Back to Search
    Property profile & analytics

    2300 Mcdonald Ave Missoula, MT 59801-7300

    View on Map
    • Garden apartment buildings
    • 2,920 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US52-0082976
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 2300 Mcdonald Ave

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    2,920 SF
    Property type
    Garden apartment buildings
    APN
    04-2200-32-3-32-09-0000
    APU
    4220032332090000

    Description

    This exceptional 6-unit apartment building in Missoula, Montana, presents a compelling investment opportunity. Boasting 2,920 square feet on a 7,620 square foot lot, this property offers a strong 6.49% cap rate with a Net Operating Income (NOI) of $71,118. Built in 1961 and extensively renovated between 2019 and 2024 (details in brochure), the building features modern amenities throughout all six units. Upgrades include wood laminate flooring, porcelain tile bathrooms, energy-efficient heating systems, updated cabinetry, and newer appliances and windows. Each unit benefits from a private patio and designated storage in a shared shed. Residents also enjoy access to a shared washer/dryer facility. The property includes 4-5 off-street parking spaces, supplemented by ample on-street parking. Conveniently located near shopping, dining, and the Bitterroot Bike Trail, this property offers both strong rental income potential and a desirable location. Included in the sale are all refrigerators, range ovens, and microwaves. Negotiable items include the shed, picnic table, raised garden beds, furnishings in unit #6 (currently used as a short-term rental), and the shared laundry room washer/dryer. The property is zoned C1-4 Neighborhood Commercial and has a Missoula County APN of 5864628. The address is 2300 McDonald Ave, Missoula, MT 59801. Detailed floor plans and additional property documentation are available. This is a turnkey investment ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.035
    Latitude
    46.8399
    CBSA code
    33540
    CBSA name
    MISSOULA, MT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,252
    $0.00
    $0.00
    $686,100
    -
    $269,892
    $416,208
    $686,100

    Comparable in this City

    • Value Estimation by Request
      32,928 SF

      1225 34th St

      GARDEN APT, COURT APT (5+ UNITS) • 32,928 SF
      1225 34th St, Missoula, MT 59801-8511
      View Details
    • Value Estimation by Request
      9,212 SF

      1520 8th W St

      GARDEN APT, COURT APT (5+ UNITS) • 9,212 SF
      1520 8th W St, Missoula, MT 59801-3410
      View Details
    • Value Estimation by Request
      2,612 SF

      345 Blaine St

      GARDEN APT, COURT APT (5+ UNITS) • 2,612 SF
      345 Blaine St, Missoula, MT 59801-4122
      View Details
    • Value Estimation by Request
      37,953 SF

      2420 Burlington Ave

      GARDEN APT, COURT APT (5+ UNITS) • 37,953 SF
      2420 Burlington Ave, Missoula, MT 59801-5257
      View Details
    • Value Estimation by Request
      7,020 SF

      200 Connell Ave

      GARDEN APT, COURT APT (5+ UNITS) • 7,020 SF
      200 Connell Ave, Missoula, MT 59801-4364
      View Details
    • Value Estimation by Request
      8,000 SF

      421 Daly Ave

      GARDEN APT, COURT APT (5+ UNITS) • 8,000 SF
      421 Daly Ave, Missoula, MT 59801-4455
      View Details

    Similar Nearby for Sale

    • $1,795,000
      0.16 Acres

      Modern Multifamily Property in Missoula

      Six-unit property with owner's suite near the University of Montana.
      808 Ash St, Missoula, MT 59801
      View Details
    • $2,700,000
      0.29 Acres

      Newer Multi-Family Investment Opportunity

      Five newer, fully leased homes in Missoula, Montana.
      722 Rollins St, Missoula, MT 59801
      View Details
    • Contact for pricing
      3,506 SF

      Missoula Multifamily Property with Owner's Suite

      Six-unit multifamily property with a luxury owner's suite.
      808 Ash St, Missoula, MT 59801
      View Details
    • $1,000,000
      1.36 Acres

      Land Parcel Near University of Montana

      1.36 acre parcel with rental houses near University of Montana.
      921 E Beckwith Ave, Missoula, MT 59801
      View Details
    • $565,000
      0.34 Acres

      Missoula Duplex on Large Lot

      Up/down duplex with income potential in a prime location.
      4011 Buckley Pl, Missoula, MT 59801
      View Details
    • New
      $2,999,999
      2.09 Acres

      Established Mobile Home Park Investment

      Mobile home park with income potential in Missoula, Montana.
      2337 Burlington Ave, Missoula, MT 59801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,859 SF

      Retail Space in Southgate Triangle

      Retail space centrally located in the Southgate Triangle area.
      2700 Paxson St, Missoula, MT 59801
      View Details
    • $1,220 /Mo
      22,216 SF

      Centrally Located Missoula Office Space

      Lower floor office with private entrance in central Missoula.
      1620 Regent St, Missoula, MT 59801
      View Details
    • $14 SF/Yr

      Centrally Located Second Floor Office

      Second floor office space for lease in central location.
      1018 Burlington Ave, Missoula, MT 59801
      View Details
    • $1,025 /Mo

      Centrally Located Second Floor Office

      Second floor office space for lease in central location.
      1018 Burlington Ave, Missoula, MT 59801
      View Details
    • $16 SF/Yr
      3,130 SF

      Kensington Ave Office Suite 201

      Prime Office Space, 3130 sq ft
      800 Kensington Ave, Missoula, MT 59801
      View Details
    • $1,125 /Mo
      22,216 SF

      Missoula Office Space For Rent

      Centrally located street front office space for lease in Missoula.
      1018 Burlington Ave, Missoula, MT 59801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2300 Mcdonald Ave
    Missoula, MT 59801-7300
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2300 Mcdonald Ave, Missoula, MT, 59801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!