MT
Missoula
Missoula
59801
1629 & 1631 River Road 9
1629 & 1631 River Road 9, Missoula, MT 59801
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Listing Type
other
Listing Status
Active
19
$1,350,000

Home Details for 1629 & 1631 River Road 9

Price
$1,350,000
Type
Residential Income
Year built
1950
Lot size acres
1.91
County
Missoula
Days on site
68
MLS Listing#
30068471
Property Description

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
  • Utilities
    • Cable Available
    • Electricity Available
    • Natural Gas Available
Listing Courtesy: Eagen Real Estate - 406-542-1811
Presented by: Jessie M Eagen
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Montana Regional MLS (MRMLS). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than EXIT Realty, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Montana Regional MLS. All Rights Reserved.
Last Updated: 2026-06-02 10:23:00
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EXIT REALTY MISSOULA
4985 Blue Mountain Rd, Missoula, MT 59804
Office
406 721 1010
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