633 3Rd St Missoula, MT 59801

Property Details for 633 3Rd St

Year built

1920

Lot size

0.30 lot acres

Property size

5,164 SF

Property type

Commercial real estate

Description

This exceptional multifamily investment opportunity presents a rare chance to acquire a historic apartment complex in Missoula, Montana. The property, situated on a 0.298-acre lot at 633 S 3rd St W, consists of three buildings totaling 5,164 square feet, constructed in 1920. The main building, spanning 2,756 square feet, houses four fully leased studio apartments, two of which have recently undergone renovations including new flooring, paint, and appliances. A second building, a 1,640-square-foot duplex near the alley, offers a flexible income stream with a one-bedroom unit and a two-bedroom unit, both currently operating successfully as short-term rentals. Completing the complex is a charming 768-square-foot carriage house, providing additional versatile space with significant potential. The two-story buildings offer a blend of historic charm and modern updates, making this a highly desirable investment property in a prime Missoula location. The asking price for this unique opportunity is $1,200,000. This property offers a compelling combination of historical significance, established rental income, and significant upside potential. The property's location in Missoula, Montana, provides access to a thriving rental market and a desirable lifestyle. The diverse unit mix caters to a wide range of renters, ensuring consistent occupancy and strong cash flow. This is a truly unique opportunity to own a piece of Missoula's history while enjoying a profitable investment.

Location Insight

City

Missoula

County

Missoula

State

Montana

Longitude

-114.0060737

Latitude

46.8667285