Positioned in one of Missoula’s most desirable corridors, this income producing property at 1629 River Road offers a rare combination of scale, location, and upside. The asset includes one single family residence and four duplex buildings totaling eight rental units, all fully leased and generating consistent income. Situated directly across from the scenic Clark Fork River and just minutes from Downtown Missoula, the property benefits from strong tenant demand driven by proximity to recreation, employment, and amenities. Each duplex unit features a functional one bedroom one bathroom layout, while the single family home offers three bedrooms and one bathroom. Current rents are significantly below market, presenting a clear value add opportunity through rent adjustments and continued operational improvements. With all units occupied, investors can step into immediate cash flow while capitalizing on long term appreciation in one of western Montana’s most resilient rental markets. This is a compelling opportunity to acquire a well located multifamily asset with stable income and substantial upside potential in the heart of Missoula.
Multi-familyProperty Type
1950Year Built
2 car garageParking
Listed by Ryan Thompson• Coldwell Banker Distinctive Properties
River Road, located between Downtown Missoula and the Rattlesnake Valley, is a riverside and residential Missoula neighborhood with a cottonwood-lined corridor and frequent river views. The neighborhood’s character concentrates around the Madison Street Bridge and the Riverfront Trail, where cyclists, dog-walkers, and anglers share the path beside slow-moving water. Housing reads as a mix of mid-century ranch homes, compact cottages, and newer infill tucked behind mature trees. Caras Park and Brennan’s Wave set the seasonal rhythm with festivals and surf sessions. The Wilma anchors the cultural calendar with touring acts in a restored marquee venue. The Clark Fork River keeps daily routines oriented to trails, parks, and open sky.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Natural gas heating
No cooling system
Bedrooms
Multiple 1-bedroom units
One 3-bedroom unit
Bathrooms
Multiple units with 1 full bath
One unit with 1 full bath for the 3-bedroom
Kitchen
Kitchens in each unit (standard appliances not specified)
Laundry & utility
Laundry/utility details not provided
Flooring
Flooring details not provided
Heating & cooling
Natural gas heating
No cooling
Exterior features
Zoning details available from listing agent
Directions: Use Google Maps; no drive-bys
Home design
Multi-family residential income property
Single-story building
Parking
At least two units include 1 garage space each (detached garages noted for one unit)
Security
Security details not provided
Construction
Construction details not provided
Utilities
Public water
Public sewer
Water and sewer available
HOA & community
HOA information not provided
Financial info
Actual rents vary by unit (examples include $625, $850, $875, $900, $950, $1,950)
Other
Property marketed by Coldwell Banker Distinctive Properties
Electricity and solar
View estimated energy costs and solar savings for this home
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.
BSCMLS #410082
Aug 27, 2026
Relisted
—
Aug 20, 2026
Contingent
—
Aug 13, 2026
Relisted
—
Jun 8, 2026
Pending
—
May 19, 2026
Price Changed
$1,350,000
Apr 7, 2026
Listed
$1,475,000
Public Records
Dec 18, 2001
Sold
—
Year
Property tax
Land + Additions
Assessment*
2025
$11,300 (−8.8%)
$308,952 + $865,190
$1,174,142
2024
$12,391
$308,952 + $849,750
$1,158,702
2023
$12,394 (−0.9%)
$260,985 + $711,950
$972,935
2022
$12,503 (+5.3%)
$341,585 + $711,950
$1,053,535
2021
$11,874 (+2.3%)
$487,136 + $434,950
$922,086
2020
$11,603 (+0.3%)
$487,136 + $434,950
$922,086
2019
$11,565 (+52.6%)
$470,448 + $413,630
$884,078
2018
$7,579 (+2.1%)
$470,448 + $413,630
$884,078
2017
$7,419
$175,409 + $386,730
$562,139
Public record
Public record
Permits
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
1.91 Acres
Year renovated
1975
Finished Sq. Ft.
1,411
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,411
Year built
1950
Style
Single Family Residential
County
Missoula County
APN
04-2200-20-1-23-03-0000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
Jul 11, 2017 • Final
Building residential
Tear off and replace the roof on a two-story single-family home with architectural shingles. Install new felt and ice and water shield.
Roofing
Sep 15, 2012 • Final
Electrical
Construct and install a new manufactured home for residential use.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
1% chance of being in a wildfire in next 30 years
3/10 Heat Factor
6 days above 92° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
26 unhealthy days expected this year, 32 days in 30 years
Provided by First Street
Historical weather
Missoula, MT • 59801
Average low and high temperatures (°F)
35
21
40
25
51
33
57
34
69
43
74
49
85
56
84
55
77
50
58
36
44
32
40
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Missoula. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.