1650 N Russell Street, Missoula, MT 59801

Local realty services provided by:ERA Lambros Real Estate
1650 N Russell Street,Missoula, MT 59801
$11,800,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:
MLS#:30053967
Source:MT_NMAR

Price summary

  • Price:$11,800,000

About this home

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

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Home facts

  • Year built:1997
  • Listing ID #:30053967
  • Added:157 day(s) ago
  • Updated:December 19, 2025 at 03:13 PM

Heating and cooling

  • Heating:Gas, Hot Water

Structure and exterior

  • Year built:1997
  • Lot area:2.97 Acres

Finances and disclosures

  • Price:$11,800,000
  • Tax amount:$68,023 (2024)
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