About 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.
Features of 1650 N Russell Street
| MLS® # | 30053967 |
|---|---|
| Price | $11,800,000 |
| Acres | 2.97 |
| Year Built | 1997 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Style | Multi-Level, Tri-Level |
| Status | Active |
Community Information
| Address | 1650 N Russell Street |
|---|---|
| City | Missoula |
| County | Missoula |
| State | MT |
| Zip Code | 59801 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Appliances | Microwave, Range, Refrigerator |
|---|---|
| Heating | Gas, Hot Water |
| Fireplace | No |
Exterior
| Foundation | Poured |
|---|
Additional Information
| Date Listed | July 14th, 2025 |
|---|---|
| Days on Market | 84 |
| Zoning | See Remarks |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |