228 Eddy Avenue, Missoula, MT 59801
Missoula County
Key Facts
Description
Rare opportunity to own a fully renovated, five-unit multi-family property in the heart of Missoula's University District, just minutes from the University of Montana campus. This turnkey investment offers exceptional unit diversity, appealing to a wide range of tenants. The property has been extensively updated throughout, with two units built as newer construction, blending modern finishes with functional, low-maintenance design. The unit mix includes an efficiency, a 1-bedroom, a 2-bedroom, a 3-bedroom, and a spacious 4-bedroom/2-bath unit, giving an owner flexibility to capture multiple rental price points within a single asset. Every unit features in-unit laundry, a major convenience that sets this property apart in the local rental market, and all units except the efficiency include air conditioning for year-round comfort. Ideally located within walking distance of campus, downtown Missoula, the Clark Fork River, and Missoula's extensive trail system, 228 Eddy Ave combines strong tenant demand fundamentals with a recently renovated building, a compelling opportunity for investors seeking a stabilized, low-deferred-maintenance multi-family asset in one of Missoula's most sought-after rental submarkets. To schedule a private showing of this property, prospective buyers must provide the following prior to confirming an appointment: Pre-Approval Letter — A current pre-approval letter from a licensed mortgage lender, dated within the last 30–60 days, confirming buyer's qualification for financing at or above the anticipated purchase price. Proof of Funds to Close — Documentation verifying sufficient liquid funds to cover the down payment and closing costs (e.g., recent bank or brokerage statement). For cash buyers, proof of funds covering the full purchase price is required in lieu of a pre-approval letter. Signed Confidentiality/Non-Disclosure Agreement — Given this is an active income-producing multi-family asset, buyers may be asked to sign an NDA prior to receiving rent rolls, leases, or trailing financials. Scheduling — Showings are by appointment only, coordinated through the listing agent to minimize disruption to current tenants. Please allow 24–48 hours' notice.
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Year Built
1910
Living Area
6,335 sq ft
Lot Size
0.17 acres
Garage Spaces
2
Days on Market
1
MLS® Listing#
30074098
Property Features
Basement
Laundry
Financial Details
Annual Taxes
$12,937
Tax year 2025
Assessed Value
$1,242,041
Parcel Number
04220027240020000
Directions
East on Eddy from Hellgate High School, second property to the East on the North side of Eddy.
Affordability Calculator
$290,000
Estimated monthly payment
$7,718/mo
Principal $1,160,000 · Est. interest $1,618,303 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Missoula, MT
- $703,488
- Median Listing Price
- 67
- Median Days on Market
- 2,120
- Median Sq Ft
- $339
- Median Price / Sq Ft
- 413
- Active Listings
- This home’s price is 106% above the area median.
- Its price per sq ft is 33% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Missoula, MT.
Location
Points of Interest in Missoula, MT
Showing the Missoula area map.
Nearby Schools
Hellgate High School
Secondary · 0.1 mi away
Missoula Community School
School · 0.2 mi away
Green Path Herb School
School · 0.3 mi away
Loyola Sacred Heart High School
Secondary · 0.4 mi away
Institute of Religion - the Church of Jesus Christ of Latter-Day Saints
School · 0.4 mi away
St Joseph School
School · 0.5 mi away
Schools Parochial
School · 0.5 mi away
Paxson Elementary School
Elementary · 0.5 mi away
Sunflower Montessori
Elementary · 0.6 mi away
Willard Alternative High School
Secondary · 0.7 mi away
Missoula International School
Secondary · 0.7 mi away
Mayfly Montessori
Elementary · 1.0 mi away
Washington Middle School
Secondary · 1.1 mi away
Missoula International School
School · 1.2 mi away
Lil Griz Cub House
School · 1.2 mi away
Imagination Station
School · 1.3 mi away
Sentinel High School
Secondary · 1.3 mi away
The Growing Tree/Sprouts
School · 1.3 mi away
Lewis & Clark School
Elementary · 1.4 mi away
Lowell Elementary School
Elementary · 1.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 320 Levasseur Street 305, Missoula, MT | $1,015,000 | 2 | 2 | 1,293 |
| 320 Levasseur Street 401, Missoula, MT | $1,025,000 | 2 | 2 | 1,250 |
| 320 Levasseur Street 404, Missoula, MT | $1,025,000 | 2 | 2 | 1,276 |
| 4707 Aspen Drive, Missoula, MT | $1,050,000 | 6 | 5 | 4,732 |
| 817 S Higgins Avenue, Missoula, MT | $1,050,000 | — | — | 4,200 |
| 9558 Shikane Lane, Missoula, MT | $1,050,000 | 6 | 4 | 5,244 |
Moving Cost Estimate
EXIT Agents in Missoula
Listing Courtesy: Main Street Realty - 4069261692
Presented by: Colin Rimel
Last Updated: 2026-06-30