ATTENTION Investors and Developers: Income Producing 6 Plex + Extra Lot with Development Potential! Exceptional investment opportunity in the heart of Missoula! This thoughtfully designed 6-plex features six spacious 1-bedroom, 1-bathroom units, each offering both private interior and exterior access for added convenience and tenant appeal. The property is currently generating $6,100 per month in rental income with one vacant unit. Leasing the vacant unit brings projected gross monthly income to approximately $7,400. The property also includes a detached two-bay garage, currently rented, providing an additional source of income. The offering also includes a separate lot currently utilized for tenant parking, creating significant upside beyond the existing income stream. Based on a market development study by IMEG Engineering, the extra lot may support a variety of development strategies, including a two-story 8-plex, TED development, formal subdivision, boundary line relocation, condominium conversion, or other redevelopment options. Buyers should verify all zoning, entitlements, and development potential with the City of Missoula. Whether held as a stabilized income property, repositioned through operational improvements, or leveraged for future redevelopment, this asset presents a compelling combination of current cash flow, expansion potential, and long-term appreciation in a high-demand Missoula location.
Listing Details
- Year Built1951
- Lot Size0.3580
- Garage1
- ZoningUR-4 (Urban Residential)
- Year Built1951
- Lot Size0.3580
- Garage1
- ZoningUR-4 (Urban Residential)
