1650 N Russell St Missoula, MT 59808
Westside NeighborhoodEstimated payment $67,555/month
Highlights
- 2.97 Acre Lot
- Laundry in multiple locations
- Hot Water Heating System
- Hellgate High School Rated A-
About This Home
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.
Listing Agent
ERA Lambros Real Estate Missoula License #RRE-RBS-LIC-24957 Listed on: 07/14/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $68,023
Year Built
- Built in 1997
Home Design
- Tri-Level Property
- Poured Concrete
Kitchen
- Oven or Range
- Microwave
Utilities
- Heating System Uses Gas
- Hot Water Heating System
Additional Features
- Laundry in multiple locations
- 2.97 Acre Lot
Community Details
- 54 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 04220016206010000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2025 11/17/25 | Price Changed | $1,000 | 0.0% | $2 / Sq Ft | |
| 11/11/2025 11/11/25 | For Sale | $11,800,000 | 0.0% | -- | |
| 10/15/2025 10/15/25 | Off Market | -- | -- | -- | |
| 10/06/2025 10/06/25 | Price Changed | $11,800,000 | +0.2% | -- | |
| 07/14/2025 07/14/25 | For Sale | $11,779,276 | 0.0% | -- | |
| 03/11/2025 03/11/25 | Price Changed | $1,150 | +93.3% | $2 / Sq Ft | |
| 02/26/2025 02/26/25 | For Rent | $595 | 0.0% | -- | |
| 09/30/2024 09/30/24 | Sold | -- | -- | -- | View Prior Sale |
| 06/13/2024 06/13/24 | For Sale | $6,500,000 | -- | -- |
Source: Montana Regional MLS
MLS Number: 30053967
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