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$ 1,400,000
Est. payment /mo
Active Under Contract
839 Brooks ST Missoula, MT 59801
5,640 SqFt
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,640 sqft
Price per Sqft $248
MLS Listing ID 30074844
HOA Y/N No
Year Built 1951
Annual Tax Amount $14,714
Tax Year 2025
Lot Size 0.358 Acres
Acres 0.358
Property Sub-Type Apartment
Property Description
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.
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.
Location
State MT
County Missoula
Zoning Residential
Rooms
Basement Finished
Interior
Interior Features InteriorFeatures
Heating Electric, Forced Air
Fireplace No
Laundry Common Area, Washer Hookup, In Basement
Exterior
Parking Features Additional Parking
Garage Spaces 2.0
Water Access Desc Public
Garage Yes
Building
Foundation Poured
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 04220028101020000
Special Listing Condition Standard
Listed by PureWest Real Estate - Missoula
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