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Active under contract
  • Price cut: $125K (5/19)
    $1,350,000

    1629 & 1631 River Rd W, Missoula, MT 59801

    4beds
    2baths
    5,107sqft
    : 
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    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $264/sqft
    $-- HOA

    What's special

    Investment Opportunity – Residential Income Portfolio in Prime Missoula Location Located in the heart of Missoula, Montana, this unique multi-property offering at 1629 & 1631 River Road presents a compelling opportunity for both investors and owner-users. The property combines stable in-place income with significant upside potential through rent growth and future improvements. The offering includes a well-maintained single-family residence at 1629 River Rd., featuring approximately 2,520 square feet with 3 bedrooms and 1 bathroom. The home offers generous living space, classic character, and includes a large detached garage/shop—ideal for storage, hobby use, or additional rental potential. Adjacent to the home are four side-by-side duplex buildings (eight total units) located at 1631 River Rd. Each unit consists of a 1-bedroom, 1-bath layout with approximately 800 square feet on the main level, plus a full 800 square foot unfinished basement. These basements provide excellent optionality for tenants (storage, flex space) and potential future value-add opportunities. The duplex units are older but have been well maintained, offering clean, functional layouts that appeal to Missoula’s strong rental base. The property is centrally located with convenient access to downtown Missoula, the University District, shopping, employment centers, and major transportation corridors. Value-Add Opportunity: Current rents are below market, presenting a clear path to increased cash flow. Conservative estimates suggest the ability to raise rents by at least $100 per unit, with additional upside possible through light improvements or strategic repositioning. Investment Highlights: • 9 total residential units (1 single-family + 8 duplex units) • Strong in-place income with immediate upside • Large unit sizes relative to market comparable's • Full basements in all duplex units for added utility and value • Detached shop/garage adds flexibility and potential income • Centrally located in one of Montana’s most desirable rental markets This is a rare opportunity to acquire a scale residential asset in Missoula with both stability and meaningful upside potential. *Please note: This property was recently purchased along with the 70 unit River City Trailer Park next door to it. The buyers are trailer park operators and do not want the house or duplex's as it does not go along with what they do. All the expenses from pat years are lumped together with the trailer park so the only expenses we have for the house & duplex's is the taxes and insurance which is $11,329 per year for taxes and $7700 for insurance.
    71 days
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    193
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    10
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jessie M Eagen 406-542-1811,

    Eagen Real Estate

    Source: MRMLS,MLS#: 30068471MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 5,107
      • Total interior livable area: 5,107 sqft

      Property

      Features
      • Stories: 1
      Lot
      • Size: 1.91 Acres
      Details
      • Parcel number: 04220020123030000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Ranch
      • Property subtype: Multi Family
      Materials
      • Foundation: See Remarks
      Condition
      • New construction: No
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Separate Meters

      Community & HOA

      Location
      • Region: Missoula

      Financial & listing details

      • Price per square foot: $264/sqft
      • Annual tax amount: $11,329
      • Date on market: 4/16/2026
      • Listing agreement: Exclusive Right To Sell

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,929/mo

        Price history

        DateEventPrice
        5/19/2026Price change$1,350,000-8.5%$264/sqft
        Source: MRMLS #30068471 Report a problem
        4/16/2026Listed for sale$1,475,000$289/sqft
        Source: MRMLS #30068471 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

          Payment breakdown

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: Emma Dickinson Orchard Homes

          Getting around

          56 / 100
          Somewhat Walkable
          39 / 100
          Some Transit
          92 / 100
          Biker's Paradise

          Nearby schools

          GreatSchools rating

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