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1650 N Russell Street, 
Missoula, MT 59801

$11,779,276


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Adam Hertz

ERA Lambros Real Estate Missoula

406-532-9200

Last updated:

July 15, 2025, 12:32 PM

MLS#

30053967

Source:

MT NMAR

About This Home

1650 N Russell Street

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.

Home Facts

Multi-Family

Built in 1997

Price Summary

11,779,276

MLS #:

30053967

Last Updated:

July 15, 2025, 12:32 PM

Added:

6 day(s) ago


Structure

Structure

Year Built:

1997


Lot

Lot Size (Sq. Ft):

129,373


Finances & Disclosures

Finances

Price:

$11,779,276

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