$1,425,000
UNDER CONTRACT

1601 S 3rd St W Missoula, MT 59801

Franklin to the Fort Neighborhood

Estimated payment $8,944/month

Total Views 425
-- Bed
-- Bath
6,584 Sq Ft
$216 Price per Sq Ft

Highlights

  • 0.35 Acre Lot
  • Wood Frame Window
  • Dogs and Cats Allowed
  • Open Floorplan
  • Baseboard Heating
  • High Speed Internet

About This Home

Excellent centrally located multi-family investment opportunity with 8 units total (2 4-plexes on 2 separate lots) with great rental history. The buildings are located across from the Good Food Store offering easy access to bus routes, shopping, downtown, and the university. Most units have been updated with flooring and paint, several have had complete remodels with kitchens and bathrooms as well. Priced to provide a competitive return for investors and room for upward potential as well. Can be purchased individually as well (see MLS #s 30051631 & 30051626).

Listing Agent

Betsy and Jeremy Milyard

Montana Preferred Properties License #RRE-BRO-LIC-11308 Listed on: 06/10/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $12,702

Year Built

  • Built in 1986

Lot Details

  • 0.35 Acre Lot
  • Level Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 6,584 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Wood Frame Window
  • Basement
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Laundry in Hall
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Shared Driveway
  • Additional Parking

Utilities

  • Baseboard Heating
  • Separate Meters
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04220020417210000

Community Details

Overview

  • 8 Units
  • Low's Addition Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$12,702

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Year Built: 1986
  • Directions: 1601 & 1607 S 3rd St W - GPS will take you there
  • Listing I D: 30051625
  • Horses: No
  • Lot Size Acres: 0.35
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Subdivision Name: Low's Addition
  • Architectural Style: Multi-Level, Tri-Level
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Sub Type Additional: Apartment,Multi Family
  • Special Features: UnderContract

Interior Features

  • Basement: Crawl Space
  • Interior Amenities: Main Level Primary, Open Floorplan
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Basement YN: Yes
  • Fireplace: No
  • Window Features: Wood Frames

Exterior Features

  • Lot Features: Level
  • Topography: Level
  • View: Residential
  • Waterfront: No
  • Disclosures: Disclosure on File, Owner Is Listing Agent, Seller Disclosure
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Poured, Pillar/Post/Pier
  • Property Condition: See Remarks

Garage/Parking

  • Parking Features: Additional Parking, Shared Driveway

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, High Speed Internet Available, Separate Meters
  • Heating: Baseboard, Electric
  • Laundry Features: Washer Hookup, In Hall
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks
  • Senior Community: No
  • Pets Allowed: Cats OK, Dogs OK

Schools

  • Junior High Dist: District No. 1

Lot Info

  • Zoning: Commercial
  • Lot Size Sq Ft: 15245.0
  • Parcel #: 04220020417210000
  • Zoning Description: B2-2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12702.0

Multi Family

  • Number Of Units Total: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,065 $498,400 $266,478 $231,922
2023 $5,874 $498,400 $266,478 $231,922
2022 $4,969 $365,400 $0 $0
2021 $4,439 $365,400 $0 $0
2020 $4,245 $324,700 $0 $0
2019 $4,232 $324,700 $0 $0
2018 $4,252 $317,400 $0 $0
2017 $3,804 $317,400 $0 $0
2016 $3,187 $252,600 $0 $0
2015 $2,947 $252,600 $0 $0
2014 $2,870 $138,549 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $1,425,000 +90.3% $216 / Sq Ft
06/10/2025 06/10/25 For Sale $749,000 -- $232 / Sq Ft
Source: Montana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- First American Title Company
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,909 Credit Line Revolving
Closed $406,387 Commercial
Previous Owner $150,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: Montana Regional MLS

MLS Number: 30051625

Montana Regional MLS

APN: 04-2200-20-4-17-21-0000

Montana Missoula County Missoula 59801 Franklin to the Fort

1601 S 3rd St W, Missoula, MT

This home is located at 1601 S 3rd St W, Missoula, MT 59801 and is currently priced at $1,425,000, approximately $216 per square foot. This property was built in 1986. 1601 S 3rd St W is a home located in Missoula County with nearby schools including Franklin School, Porter Middle School, and Big Sky High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Montana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Betsy and Jeremy Milyard
Listing Agent
Betsy and Jeremy Milyard
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Montana Preferred Properties
(406) 316-5333