Five-unit (10 bed), fully renovated multi-family property in the heart of Missoula's University District, just minutes from the University of Montana campus and downtown. This turnkey investment offers exceptional unit diversity, appealing to a wide range of tenants.
The property has been extensively updated throughout, with two units built as newer construction, blending modern finishes with functional, low-maintenance design. The unit mix includes an efficiency, a 1-bedroom, a 2-bedroom, a 3-bedroom, and a spacious 4-bedroom/2-bath unit, giving an owner flexibility to capture multiple rental price points within a single asset.
Every unit features in-unit laundry, a major convenience that sets this property apart in the local rental market, and all units except the efficiency include air conditioning for year-round comfort.
Ideally located within walking distance of campus, downtown Missoula, the Clark Fork River, and Missoula's extensive trail system, 228 Eddy Ave combines strong tenant demand fundamentals with a recently renovated building, a compelling opportunity for investors seeking a stabilized, low-deferred-maintenance multi-family asset in one of Missoula's most sought-after rental submarkets.
Active
$1,450,000
228 Eddy Ave, Missoula, MT 59801
10beds
6baths
6,335sqft
Multi Family, Apartment
Built in 1910
-- sqft lot
$1,325,800 Zestimate®
$229/sqft
$-- HOA
What's special
Modern finishesExtensively updated throughoutRecently renovated buildingIn-unit laundryFunctional low-maintenance design
- 114 days
- 241
- 7
Zillow last checked:
Listing updated:
Listed by:
Colin Rimel 406-370-2408,
Main Street Realty
Source: MRMLS,MLS#: 30074098
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Appliances
- Laundry: Washer Hookup
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,335
- Total interior livable area: 6,335 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 04220027240020000
- Zoning description: 1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Foundation: Poured
Condition
- New construction: No
- Year built: 1910
Community & HOA
Location
- Region: Missoula
Financial & listing details
- Price per square foot: $229/sqft
- Tax assessed value: $1,242,041
- Annual tax amount: $12,936
- Date on market: 7/1/2026
- Listing agreement: Exclusive Right To Sell
Estimated market value
$1,325,800
$1.26M - $1.39M
$1,511/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listed for sale | $1,450,000+263.4%$229/sqft |
Source: | ||
| 2/3/2026 | Listing removed | $900 |
Source: Zillow Rentals Report a problem | ||
| 1/25/2026 | Listed for rent | $900+5.9% |
Source: Zillow Rentals Report a problem | ||
| 12/1/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/29/2021 | Listed for rent | $850 |
Source: Zillow Rental Manager Report a problem | ||
| 5/30/2019 | Sold | -- |
Source: | ||
| 3/15/2019 | Listed for sale | $399,000+9.3%$63/sqft |
Source: Main Street Realty #21902838 Report a problem | ||
| 11/15/2018 | Sold | -- |
Source: | ||
| 9/17/2018 | Price change | $365,000-13.7%$58/sqft |
Source: Exit Realty #21800561 Report a problem | ||
| 5/9/2018 | Listed for sale | $423,000$67/sqft |
Source: Exit Realty #21800561 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,356 -1.4% | $1,242,041 +21.3% |
| 2024 | $11,522 +7.9% | $1,023,600 |
| 2023 | $10,675 +22.5% | $1,023,600 +42.9% |
| 2022 | $8,717 +27% | $716,300 +23.9% |
| 2021 | $6,866 +26.6% | $578,078 +29.6% |
| 2020 | $5,423 +7.7% | $446,200 +10.4% |
| 2019 | $5,037 +6% | $404,300 +16.3% |
| 2018 | $4,750 +1.7% | $347,700 |
| 2017 | $4,672 +25.2% | $347,700 +20.1% |
| 2016 | $3,731 +7.9% | $289,500 |
| 2015 | $3,457 +4.7% | $289,500 +86% |
| 2014 | $3,301 +11.9% | $155,604 +2.6% |
| 2013 | $2,950 -0.2% | $151,730 +2.9% |
| 2012 | $2,955 | $147,421 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $207,400 |
| 2007 | -- | $207,400 |
| 2006 | -- | $207,400 |
| 2005 | -- | $207,400 |
| 2004 | -- | $207,400 |
| 2003 | -- | $207,400 +12.6% |
| 2002 | -- | $184,188 |
| 2000 | -- | $184,188 |
Find assessor info on the county website
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