2300 Mcdonald AveMissoula, MT 59801

Property Details for 2300 Mcdonald Ave

Year built

1961

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

2,920 SF

Property type

Garden apartment buildings

APN

04-2200-32-3-32-09-0000

APU

4220032332090000

Description

This exceptional 6-unit apartment building in Missoula, Montana, presents a compelling investment opportunity. Boasting 2,920 square feet on a 7,620 square foot lot, this property offers a strong 6.49% cap rate with a Net Operating Income (NOI) of $71,118. Built in 1961 and extensively renovated between 2019 and 2024 (details in brochure), the building features modern amenities throughout all six units. Upgrades include wood laminate flooring, porcelain tile bathrooms, energy-efficient heating systems, updated cabinetry, and newer appliances and windows. Each unit benefits from a private patio and designated storage in a shared shed. Residents also enjoy access to a shared washer/dryer facility. The property includes 4-5 off-street parking spaces, supplemented by ample on-street parking. Conveniently located near shopping, dining, and the Bitterroot Bike Trail, this property offers both strong rental income potential and a desirable location. Included in the sale are all refrigerators, range ovens, and microwaves. Negotiable items include the shed, picnic table, raised garden beds, furnishings in unit #6 (currently used as a short-term rental), and the shared laundry room washer/dryer. The property is zoned C1-4 Neighborhood Commercial and has a Missoula County APN of 5864628. The address is 2300 McDonald Ave, Missoula, MT 59801. Detailed floor plans and additional property documentation are available. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Missoula

County

Missoula

State

Montana

Latitude

46.8399

Longitude

-114.035

CBSA code

33540

CBSA name

MISSOULA, MT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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