1629 & 1631 River Road, Missoula, MT 59801

$1,475,000

Bathrooms:
Number of Units:
Type: Multi-Unit Residential
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Investment Opportunity -- Residential Income Portfolio in Prime Missoula Location Located in the heart of Missoula, Montana, this unique multi-property offering at 1629 & 1631 River Road presents a compelling opportunity for both investors and owner-users. The property combines stable in-place income with significant upside potential through rent growth and future improvements. The offering includes a well-maintained single-family residence at 1629 River Rd., featuring approximately 2,520 square feet with 3 bedrooms and 1 bathroom. The home offers generous living space, classic character, and includes a large detached garage/shop--ideal for storage, hobby use, or additional rental potential. Adjacent to the home are four side-by-side duplex buildings (eight total units) located at 1631 River Rd. Each unit consists of a 1-bedroom, 1-bath layout with approximately 800 square feet on the main level, plus a full 800 square foot unfinished basement. These basements provide excellent optionality for tenants (storage, flex space) and potential future value-add opportunities. The duplex units are older but have been well maintained, offering clean, functional layouts that appeal to Missoula's strong rental base. The property is centrally located with convenient access to downtown Missoula, the University District, shopping, employment centers, and major transportation corridors. Value-Add Opportunity: Current rents are below market, presenting a clear path to increased cash flow. Conservative estimates suggest the ability to raise rents by at least $100 per unit, with additional upside possible through light improvements or strategic repositioning. Investment Highlights: * 9 total residential units (1 single-family + 8 duplex units) * Strong in-place income with immediate upside * Large unit sizes relative to market comparable's * Full basements in all duplex units for added utility and value * Detached shop/garage adds flexibility and potential income * Centrally located in one of Montana's most desirable rental markets This is a rare opportunity to acquire a scale residential asset in Missoula with both stability and meaningful upside potential. *Please note: This property was recently purchased along with the 70 unit River City Trailer Park next door to it. The buyers are trailer park operators and do not want the house or duplex's as it does not go along with what they do. All the expenses from pat years are lumped together with the trailer park so the only expenses we have for the house & duplex's is the taxes and insurance which is $11,329 per year for taxes and $7700 for insurance.
Property Features
Location Information
Latitude: 46.875211
Longitude: -114.021539
Directions: West of Russell St, property of South side.
Interior Features
Has Basement: No
Exterior Features
Style: Ranch
Foundation: See Remarks
Septic or Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, Separate Meters
Garage Spaces: 0
Lot Size in Acres: 1.91
Lot Size in Sq. Ft.: 83,200
Building Total Area (Sq. Ft.): 5,107
Additional Information
Property Type: RI
Year Built: 1950
Status: Active
Tax Year: 2025
Tax Amount: $11,329


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Seller's Representative: Jessie M Eagen, Eagen Real Estate

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Montana Regional data last updated at April 28, 2026, 11:50 AM MT