MT > Missoula
Missoula, MT 59801,1650 N Russell ST
See all 15 photos
Missoula, MT 59801,1650 N Russell ST
Missoula, MT 59801,1650 N Russell ST
Missoula, MT 59801,1650 N Russell ST
Missoula, MT 59801,1650 N Russell ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
28
Oct
Wed
29
Oct
Thu
30
Oct
Heidi Stevenson

Heidi Stevenson

Engel & Völkers

+1(406) 207-1073
$ 11,800,000
Est. payment /mo
Save
Active

1650 N Russell ST Missoula, MT 59801

2.97 Acres Lot

UPDATED:

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

Listed by ERA Lambros Real Estate Missoula
Heidi Stevenson

Heidi Stevenson

Broker | License ID: 69841

+1(406) 207-1073

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Heidi Stevenson, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1650 N Russell ST