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1629 & 1631 River Road, 
Missoula, MT 59801

$1,350,000


Bed


Bath


5,107

Sq Ft


Multi-Family

Active

Listed by

Jessie M Eagen

Eagen Real Estate

406-542-1811

Last updated:

May 19, 2026, 05:02 PM

MLS#

30068471

Source:

MT NMAR

About This Home

1629 & 1631 River Road

Investment Opportunity – Residential Income Portfolio in Prime Missoula Location Located in the heart of Missoula, Montana, this unique multi-property offering at 1629 & 1631 River Road presents a compelling opportunity for both investors and owner-users. The property combines stable in-place income with significant upside potential through rent growth and future improvements. The offering includes a well-maintained single-family residence at 1629 River Rd., featuring approximately 2,520 square feet with 3 bedrooms and 1 bathroom. The home offers generous living space, classic character, and includes a large detached garage/shop—ideal for storage, hobby use, or additional rental potential. Adjacent to the home are four side-by-side duplex buildings (eight total units) located at 1631 River Rd. Each unit consists of a 1-bedroom, 1-bath layout with approximately 800 square feet on the main level, plus a full 800 square foot unfinished basement. These basements provide excellent optionality for tenants (storage, flex space) and potential future value-add opportunities. The duplex units are older but have been well maintained, offering clean, functional layouts that appeal to Missoula’s strong rental base. The property is centrally located with convenient access to downtown Missoula, the University District, shopping, employment centers, and major transportation corridors. Value-Add Opportunity: Current rents are below market, presenting a clear path to increased cash flow. Conservative estimates suggest the ability to raise rents by at least $100 per unit, with additional upside possible through light improvements or strategic repositioning. Investment Highlights: • 9 total residential units (1 single-family + 8 duplex units) • Strong in-place income with immediate upside • Large unit sizes relative to market comparable's • Full basements in all duplex units for added utility and value • Detached shop/garage adds flexibility and potential income • Centrally located in one of Montana’s most desirable rental markets This is a rare opportunity to acquire a scale residential asset in Missoula with both stability and meaningful upside potential. *Please note: This property was recently purchased along with the 70 unit River City Trailer Park next door to it. The buyers are trailer park operators and do not want the house or duplex's as it does not go along with what they do. All the expenses from pat years are lumped together with the trailer park so the only expenses we have for the house & duplex's is the taxes and insurance which is $11,329 per year for taxes and $7700 for insurance.

Home Facts

Multi-Family

Built in 1950

Price Summary

1,350,000

$264 per Sq. Ft.

MLS #:

30068471

Last Updated:

May 19, 2026, 05:02 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

5,107 Sq. Ft.


Structure

Structure

Architectural Style:

Ranch

Building Area:

5,107 Sq. Ft.

Year Built:

1950


Lot

Lot Size (Sq. Ft):

83,199


Finances & Disclosures

Finances

Price:

$1,350,000

Price per Sq. Ft:

$264 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.