1629 River Rd Missoula, MT 59801
River Road NeighborhoodEstimated payment $8,824/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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
MLS Number: 410082
APN: 04-2200-20-1-23-03-0000
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Ask me questions while you tour the home.