$1,475,000

Estimated payment $8,824/month

Total Views 2,063
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Heating System Uses Natural Gas
  • 1-Story Property

About This Home

Positioned in one of Missoula’s most desirable corridors, this income producing property at 1629 River Road offers a rare combination of scale, location, and upside. The asset includes one single family residence and four duplex buildings totaling eight rental units, all fully leased and generating consistent income. Situated directly across from the scenic Clark Fork River and just minutes from Downtown Missoula, the property benefits from strong tenant demand driven by proximity to recreation, employment, and amenities. Each duplex unit features a functional one bedroom one bathroom layout, while the single family home offers three bedrooms and one bathroom. Current rents are significantly below market, presenting a clear value add opportunity through rent adjustments and continued operational improvements. With all units occupied, investors can step into immediate cash flow while capitalizing on long term appreciation in one of western Montana’s most resilient rental markets. This is a compelling opportunity to acquire a well located multifamily asset with stable income and substantial upside potential in the heart of Missoula.

Listing Agent

Ryan Thompson

Western Ranch Brokers LLC License #RBS-81435 Listed on: 04/07/2026

Co-Listing Agent

Jessie Eagen

Eagen Real Estate License #BRO-8043

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,400

Year Built

  • Built in 1950

Interior Spaces

  • 1-Story Property

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 0001724203

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,400

Year Built

Built in 1950

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Property Sub Type Additional: Multi Family
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1950
  • Special Features: None
  • Stories: 1

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0001724203
  • Zoning Description: Call Listing Agent for Details

Multi Family

  • Number Of Units Total: 9

Tax Info

  • Tax Annual Amount: 11400.0
  • Tax Year: 2025

Map

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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
2025 $11,300 $1,158,702 $308,952 $849,750
2024 $12,820 $1,053,535 $341,585 $711,950
2023 $12,394 $1,053,535 $341,585 $711,950
2022 $12,503 $922,086 $0 $0
2021 $11,201 $922,086 $0 $0
2020 $11,603 $884,078 $0 $0
2019 $11,565 $884,078 $0 $0
2018 $7,579 $562,139 $0 $0
2017 $7,419 $562,139 $0 $0
2016 $6,263 $495,562 $0 $0
2015 $5,793 $495,562 $0 $0
2014 $7,603 $366,725 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2026 04/07/26 For Sale $1,475,000 -- --
Source: Big Sky Country MLS

Source: Big Sky Country MLS

MLS Number: 410082

Big Sky Country MLS

APN: 04-2200-20-1-23-03-0000

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