MT
Missoula
Missoula
59801
228 Eddy Avenue
228 Eddy Avenue, Missoula, MT 59801
Share Listing
Listing Type
Multi Family
Listing Status
Active
14
$1,450,000

Home Details for 228 Eddy Avenue

Price
$1,450,000
Type
Residential Income
Year built
1910
Lot size acres
0.17
County
Missoula
Garage
2
Basement
Concrete
MLS Listing#
30074098
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 (optional, if you want to require this for financials) — 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.

Property Features
  • Basement
    • Concrete
Listing Courtesy: Main Street Realty - 406-926-1692
Presented by: Colin Rimel
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: 2026-07-01 01:20:34
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Montana Regional MLS.
EXIT REALTY MISSOULA
4985 Blue Mountain Rd, Missoula, MT 59804
Office
406 721 1010
Request more details
Code: