Located in Missoula’s desirable Riverfront neighborhood, this four-unit multifamily property offers a solid investment opportunity in a high-demand rental area. Built in 1920, the building retains elements of its early-century character while providing practical updates and functional layouts that appeal to long-term tenants. Its central location—just minutes from downtown, the Hip Strip, the Clark Fork River, and the city’s trail network—supports strong occupancy and consistent rental demand.
Main floor unit is a 1+Bd and 1.5 baths with new paint & flooring! Upstairs is a large bright sunny 1 bdrm apt, with pantry, and extra storage in the attic area off of the kitchen. There are 2 basement units, one was completely remodeled from the studs out in 2015, and is a small 1 bdrm, and is super cute, the other basement apt is also a small one bedroom. Updates are: New water line, newer plumbing, newer windows, roof was installed in 2005, remodeled baths, and some new flooring on main floor, new electrical in upper unit, new shower in basement apt. , newer Rinnai heaters in both the upper and main units. Each of the four units configuration have bright living spaces, functional kitchens, classic trim details, and finishes appropriate for rental housing. The property benefits from mature trees, a covered front porch, and convenient off-street parking, with straightforward access to neighborhood amenities and public transit.
Given its unit mix, established rental appeal, and placement in one of Missoula’s most walkable central neighborhoods, 512 S 2nd St W represents a reliable multifamily asset with long-term income potential.
Call or email listing agent for financials.
Active
$795,000
512 S 2nd St W, Missoula, MT 59801
--beds
--baths
1,926sqft
Quadruplex, Multi Family
Built in 1920
-- sqft lot
$779,100 Zestimate®
$413/sqft
$-- HOA
What's special
Newer windowsRemodeled bathsNewer plumbingCovered front porchNew paint and flooringConvenient off-street parkingMature trees
- 288 days
- 50
- 1
Zillow last checked:
Listing updated:
Listed by:
Jessie M Eagen 406-542-1811,
Eagen Real Estate
Source: MRMLS,MLS#: 30061313
Facts & features
Interior
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,926
- Total interior livable area: 1,926 sqft
Property
Lot
- Size: 5,706 Square Feet
Details
- Parcel number: 04220021437030000
- Zoning description: 5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Level,Tri-Level
- Property subtype: Quadruplex, Multi Family
Materials
- Foundation: See Remarks
Condition
- New construction: No
- Year built: 1920
Community & HOA
Location
- Region: Missoula
Financial & listing details
- Price per square foot: $413/sqft
- Tax assessed value: $624,000
- Annual tax amount: $5,735
- Date on market: 11/17/2025
- Listing agreement: Exclusive Right To Sell
Estimated market value
$779,100
$740,000 - $818,000
$1,430/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2026 | Price change | $795,000-6.5%$413/sqft |
Source: | ||
| 11/17/2025 | Listed for sale | $850,000+31.8%$441/sqft |
Source: | ||
| 2/8/2023 | Listing removed | -- |
Source: | ||
| 9/9/2022 | Sold | -- |
Source: | ||
| 8/11/2022 | Contingent | $645,000$335/sqft |
Source: | ||
| 8/5/2022 | Listed for sale | $645,000$335/sqft |
Source: | ||
| 8/5/2022 | Listing removed | $645,000$335/sqft |
Source: | ||
| 6/7/2022 | Price change | $645,000-7.2%$335/sqft |
Source: | ||
| 5/24/2022 | Listed for sale | $695,000$361/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,071 +0.7% | $624,000 +39.4% |
| 2024 | $5,037 +7.9% | $447,500 |
| 2023 | $4,667 +8.4% | $447,500 +26.4% |
| 2022 | $4,306 +2.5% | $353,900 |
| 2021 | $4,203 +11.2% | $353,900 +13.8% |
| 2020 | $3,778 -2.5% | $310,900 |
| 2019 | $3,873 -6.6% | $310,900 +0.4% |
| 2018 | $4,149 +1.7% | $309,600 |
| 2017 | $4,078 +70.4% | $309,600 +63.4% |
| 2016 | $2,394 -2.8% | $189,500 |
| 2015 | $2,462 -14.2% | $189,500 +53.4% |
| 2014 | $2,870 | $123,505 +63.1% |
| 2002 | -- | $75,730 |
| 2000 | -- | $75,730 |
Find assessor info on the county website
Monthly payment
Est. payment








