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$ 1,450,000
Est. payment /mo
New
228 Eddy AVE Missoula, MT 59801
6,335 SqFt
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,335 sqft
Price per Sqft $228
MLS Listing ID 30074098
HOA Y/N No
Year Built 1910
Annual Tax Amount $12,936
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Apartment
Property Description
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.
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.
Location
State MT
County Missoula
Interior
Interior Features InteriorFeatures
Fireplace No
Laundry Washer Hookup
Exterior
Garage Spaces 2.0
Garage Yes
Building
Foundation Poured
New Construction No
Others
Senior Community No
Tax ID 04220027240020000
Special Listing Condition Standard
Listed by Main Street Realty
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