1650 N Russell Street Missoula, MT 59801
Listing Courtesy of: MLS LogoMontana Regional MLS / ERA Lambros Real Estate / Adam Hertz

  1650 N Russell Street Missoula, MT 59801

Active (11 Days)
$11,779,276

Description

ERA Lambros Commercial is pleased to present this 54-unit multifamily investment opportunity located in Missoula's vibrant and historic Westside neighborhood. Situated on a 2.97-acre parcel zoned M1R-2, the property allows for up to 129 total units, presenting significant infill and development potential. A recent feasibility study by a reputable local architectural firm outlines an economically viable path to constructing an additional 30 units. Originally built in 1997 and 1998, the garden-style complex has seen substantial capital improvements, including all new roofs, newer siding, and renovations across 33 units; 21 fully renovated, 3 lightly renovated and 9 classic turns. With additional renovation upside, the property offers both immediate income and long-term value-add potential. Ideally positioned near Downtown Missoula, North Reserve's retail corridor, and St. Patrick Hospital, this property benefits from a central location within one of Montana's fastest-growing communities. In addition to an outright sale, seller is open to recapitalization proposals.

MLS #:
30053967
Taxes
$68,023(2024)
Lot Size
2.97 acres
Type
Multifamily
Year Built
1997
Style
Multi-Level, Tri-Level
County
Missoula County

Listed By

Adam Hertz, ERA Lambros Real Estate
Source
Montana Regional MLS
Last checked Jul 25 2025 at 9:21 PM MDT
Bathroom Details
Interior Features
  • Laundry: Common Area
  • Laundry: Multiple Locations
  • Microwave
  • Range
  • Refrigerator
Property Features
  • Foundation: Poured
Heating and Cooling
  • Gas
  • Hot Water
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Location
   
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Disclaimer: This information is being provided by the Montana Regional MLS © 2025. The listings presented here may or may not be listed by the Broker/Agent operating this website. Updated: 7/25/25 14:21