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  • $1,450,000

    228 Eddy Ave, Missoula, MT 59801

    10beds
    6baths
    6,335sqft
    : 
    $9,281/mo
    Get pre-qualified
    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
    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.
    114 days
    241
    7

    Zillow last checked:

    Listing updated:

    Listed by:

    Colin Rimel 406-370-2408,

    Main Street Realty

    Source: MRMLS,MLS#: 30074098MLS Logo

      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

        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

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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.
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        Climate risks

        Neighborhood: University District

        Getting around

        87 / 100
        Very Walkable
        51 / 100
        Good Transit

        Nearby schools

        GreatSchools rating

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