1033 S 4th Street W
$675,000
1033 S 4th Street W Missoula, MT 59801
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About this listing
DESCRIPTION
1033 S 4th Street W in Missoula presents a rare opportunity to acquire a small infill mobile home park investment within one of
Montana’s most supply-constrained housing markets. The property consists of 8 total mobile home lots situated on 0.248 acres, with an
additional 0.117 acres of leased land from Montana Rail Link supporting the community layout. The park currently includes 6 park-owned
mobile homes included in the sale, 1 additional lot rent, and 1 vacant lot, providing immediate income with additional upside through
lease-up. The homes have been professionally maintained and kept in good condition by property management, allowing for stable
operations. The property is currently producing an NOI of approximately $49,473, reflecting an estimated 7.33% cap rate based on
current income. Zoned M1R-2 / U-MU1 (Urban Mixed-Use Low), the asset benefits from flexible urban zoning and a central location with
easy access to downtown Missoula, neighborhood services, and outdoor amenities including the nearby Milwaukee Trail. This offering
represents a rare opportunity to acquire a small-scale mobile home park in Missoula’s urban core, combining stable cash flow, attainable
housing demand, operational simplicity, and long-term infill investment potential in a growing market. Located along the S 4th Street
corridor in Missoula, 1033 S 4th Street W offers a convenient urban location with immediate access to local services, retail, and
neighborhood amenities. The property sits directly along the community’s well-traveled multi-use trail system connected to the
Milwaukee Trail, providing walkable and bikeable access throughout the city. For residents, the location places daily amenities within
minutes, including grocery, dining, parks, and the employment centers of downtown Missoula, while maintaining a neighborhood setting
ideal for long-term residential use such as a mobile home community. The direct trail connectivity, proximity to public transit routes, and
access to nearby parks along the Clark Fork River make this a highly livable location that continues to support strong housing demand in
Missoula’s core neighborhoods.
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Cap Rate
7.33%
-
NOI
$49,473
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Lot Area
0.248 acres
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Units
6
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Zoning
M1R-2 / U-MU1 (Urban Mixed-Use Low)
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MLS ID
30066888
Details
- • Annual Tax: $ 5357.31
- • Average Occupancy Rate: 83.0
- • Fully Leased Income: $ 0.0
- • Gross Income: $ 87500.0
- • Sewer: Public
- • Lot Size: Under 1/2 Acre
- • Water: City Water
