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  • $1,450,000

    228 Eddy Ave, Missoula, MT 59801

    --beds
    --baths
    6,335sqft
    : 
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    Multi Family, Apartment
    Built in 1910
    -- sqft lot
    $1,377,000 Zestimate®
    $229/sqft
    $-- HOA

    What's special

    Modern finishesExtensively updated throughoutRecently renovated buildingIn-unit laundryFunctional low-maintenance design
    Rare opportunity to own a fully renovated, five-unit multi-family property in the heart of Missoula's University District, just minutes from the University of Montana campus. 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. To schedule a private showing of this property, prospective buyers must provide the following prior to confirming an appointment: Pre-Approval Letter — A current pre-approval letter from a licensed mortgage lender, dated within the last 30–60 days, confirming buyer's qualification for financing at or above the anticipated purchase price. Proof of Funds to Close — Documentation verifying sufficient liquid funds to cover the down payment and closing costs (e.g., recent bank or brokerage statement). For cash buyers, proof of funds covering the full purchase price is required in lieu of a pre-approval letter. Signed Confidentiality/Non-Disclosure Agreement — Given this is an active income-producing multi-family asset, buyers may be asked to sign an NDA prior to receiving rent rolls, leases, or trailing financials. Scheduling — Showings are by appointment only, coordinated through the listing agent to minimize disruption to current tenants. Please allow 24–48 hours' notice.
    18 days
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    516
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    12
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    Zillow last checked:

    Listing updated:

    Listed by:

    Colin Rimel 406-370-2408,

    Main Street Realty

    Source: MRMLS,MLS#: 30074098MLS Logo

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      Facts & features

      Interior

      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

        $1,377,000

        $1.31M - $1.45M

        $1,509/mo

        Price history

        DateEventPrice
        7/1/2026Listed for sale$1,450,000+263.4%$229/sqft
        Source: MRMLS #30074098 Report a problem
        2/3/2026Listing removed$900
        Source: Zillow Rentals Report a problem
        1/25/2026Listed for rent$900+5.9%
        Source: Zillow Rentals Report a problem
        12/1/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        11/29/2021Listed for rent$850
        Source: Zillow Rental Manager Report a problem
        5/30/2019Sold--
        Source: MRMLS #21902838 Report a problem
        3/15/2019Listed for sale$399,000+9.3%$63/sqft
        Source: Main Street Realty #21902838 Report a problem
        11/15/2018Sold--
        Source: MRMLS #21800561 Report a problem
        9/17/2018Price change$365,000-13.7%$58/sqft
        Source: Exit Realty #21800561 Report a problem
        5/9/2018Listed for sale$423,000$67/sqft
        Source: Exit Realty #21800561 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: University District

        Getting around

        87 / 100
        Very Walkable
        51 / 100
        Good Transit
        100 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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