1650 N Russell ST Active Save Request In-Person Tour Request Virtual Tour
Missoula,MT 59801
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 30053967
Style Multi-Level,Tri-Level
HOA Y/N No
Year Built 1997
Annual Tax Amount $68,022
Tax Year 2024
Lot Size 2.970 Acres
Acres 2.97
Property Sub-Type Apartment
Property Description
ERA Lambros Commercial is pleased to present this 54-unit multifamily investment opportunity located in Missoula's vibrant and historic Westside neighborhood. Situated on a 2.97-acre parcel zoned M1R-2, the property allows for up to 129 total units, presenting significant infill and development potential. A recent feasibility study by a reputable local architectural firm outlines an economically viable path to constructing an additional 30 units. Originally built in 1997 and 1998, the garden-style complex has seen substantial capital improvements, including all new roofs, newer siding, and renovations across 33 units; 21 fully renovated, 3 lightly renovated and 9 classic turns. With additional renovation upside, the property offers both immediate income and long-term value-add potential. Ideally positioned near Downtown Missoula, North Reserve's retail corridor, and St. Patrick Hospital, this property benefits from a central location within one of Montana's fastest-growing communities. In addition to an outright sale, seller is open to recapitalization proposals.
Location
State MT
County Missoula
Zoning See Remarks
Interior
Interior Features InteriorFeatures
Heating Gas,Hot Water
Fireplace No
Appliance Microwave,Range,Refrigerator
Laundry Common Area,Multiple Locations
Exterior
Water Access Desc Public
Garage No
Building
Foundation Poured
Sewer Public Sewer
Water Public
Architectural Style Multi-Level,Tri-Level
New Construction No
Others
Senior Community No
Tax ID 04220016206010000
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard