130 W Kent AVE, Missoula, MT 59801
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130 W Kent AVE, Missoula, MT 59801
130 W Kent AVE, Missoula, MT 59801
130 W Kent AVE, Missoula, MT 59801
130 W Kent AVE, Missoula, MT 59801
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Kevin Knapp

Kevin Knapp

+1(406) 871-7200
$ 5,500,000
Est. payment /mo
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130 W Kent AVE Missoula, MT 59801

16,934 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building/Land

Listing Status Active

Purchase Type For Sale

Square Footage 16,934 sqft

Price per Sqft $324

MLS Listing ID 30079581

HOA Y/N No

Year Built 1968

Annual Tax Amount $62,010

Tax Year 2025

Lot Size 0.621 Acres

Acres 0.621

Property Sub-Type Building/Land

Property Description

Exceptional opportunity to acquire The Grove Apartments, a 30-unit multifamily property located at 130 W Kent Avenue in the heart of Missoula's highly desirable University District. Just minutes from the University of Montana, downtown Missoula, local dining, breweries, recreation, and an extensive network of walking and biking trails, this established property combines a sought-after location with meaningful value-add potential. The Grove consists of two buildings, including the primary apartment building and an adjacent duplex, offering approximately 20,980 square feet of net rentable area on 0.62 acres. The unit mix includes 26 one-bedroom/one-bath units and four two-bedroom/one-bath units, with an average unit size of approximately 699 square feet. The property also features 30 parking spaces, providing a 1:1 parking ratio. Originally constructed in 1968, the property has benefited from substantial recent investment. Current ownership has completed more than $175,000 in capital improvements, including a full roof replacement, new vinyl windows throughout the apartment building, updated flooring, and new paint. These improvements provide a strong foundation for a future owner to continue the existing renovation program and further enhance the property's income potential. Residents enjoy an outdoor courtyard, on-site laundry, on-site maintenance, and convenient access to nearby walking and biking trails. Units feature fully equipped kitchens, breakfast bar seating, built-in storage, vinyl flooring, built-in vanity areas, and full-size showers and/or bathtubs. With an established rental base, significant capital improvements already completed, and additional opportunity to continue renovations and move rents toward market levels, The Grove presents a compelling value-add multifamily investment in one of Missoula's most desirable rental locations.

Location

State MT

County Missoula

Interior

Interior Features InteriorFeatures

Cooling Ductless, Wall Unit(s)

Fireplace No

Exterior

Water Access Desc Public

Topography Level

Street Surface Asphalt

Road Frontage City Street

Total Parking Spaces 30

Garage No

Building

Lot Description Level

Foundation Poured, Slab

Sewer Public Sewer

Water Public

Structure Type Cement Siding,Wood Frame

Others

Tax ID 04220028423010000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by The Agency Whitefish

NEARBY SCHOOLS & PROPERTIES

Kevin Knapp

Kevin Knapp

CEO/Broker Owner License ID: 41470

+1(406) 871-7200

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130 W Kent AVE