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

    1629 River Rd, Missoula, MT 59801

    11beds
    9baths
    --sqft
    : 
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    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    72 days
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    136
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    4
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    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Thompson 406-600-6530,

    Coldwell Banker Distinctive Properties,

    Jessie Eagen 406-880-3900,

    Eagen Real Estate

    Source: Big Sky Country MLS,MLS#: 410082Originating MLS: Big Sky Country MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 11
      • Bathrooms: 9
      Heating
      • Natural Gas
      Cooling
      • None
      Interior area
      • Finished area above ground: 0

      Property

      Features
      • Levels: One
      • Stories: 1
      Details
      • Parcel number: 0001724203
      • Zoning description: Call Listing Agent for Details
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Sewer Available, Water Available

      Community & HOA

      Community
      • Subdivision: Other
      HOA
      • Has HOA: No
      Location
      • Region: Missoula

      Financial & listing details

      • Tax assessed value: $1,158,702
      • Annual tax amount: $11,400
      • Date on market: 4/7/2026
      • Cumulative days on market: 67 days
      • Listing terms: Cash,1031 Exchange,3rd Party Financing
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/8/2026Pending sale$1,350,000
        Source: Big Sky Country MLS #410082 Report a problem
        5/19/2026Price change$1,350,000-8.5%
        Source: Big Sky Country MLS #410082 Report a problem
        4/7/2026Listed for sale$1,475,000
        Source: Big Sky Country MLS #410082 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,928 -9.3%$1,158,702 +19.1%
        2024$10,951 -0.3%$972,935 -7.7%
        2023$10,987 -2.1%$1,053,535 +14.3%
        2022$11,221 +2.5%$922,086
        2021$10,952 +1.9%$922,086 +4.3%
        2020$10,744 -2.5%$884,078
        2019$11,014 +45.3%$884,078 +57.3%
        2018$7,579 +2.1%$562,139
        2017$7,419 +18.5%$562,139 +13.4%
        2016$6,263 +8.1%$495,562
        2015$5,793 -23.8%$495,562 +35.1%
        2014$7,603 +11.2%$366,725 +4.2%
        2013$6,840 +1.5%$351,799 +4.6%
        2012$6,738 $336,239
        2011-- --
        2010-- --
        2009-- --
        2008-- $292,100 +378.5%
        2007-- $61,050
        2006-- $61,050
        2005-- $61,050
        2004-- $61,050
        2003-- $61,050 -16.4%
        2002-- $73,010

        Find assessor info on the county website

        Monthly payment

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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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