2329 Fairview Avenue
$599,500
2329 Fairview Avenue Missoula, MT 59801
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About this listing
DESCRIPTION
Charming triplex in the Franklin to the Fort neighborhood presents a solid investment opportunity, with steady rental income and long-term tenants. Each of the three spacious 2-bedroom, 1-bath units features abundant natural light through large windows, generous storage, and shared laundry facilities with additional basement storage. Each unit benefits from covered entrances, on-site designated parking spaces, direct access to a large shared backyard & covered patio. Mature landscaping enhances year-round curb appeal and privacy.
HIGHLIGHTS
- Each unit is individually metered for electric and has a designated 50 gal water heater tank. Forced air heat is controlled separately through a central natural gas furnace (100,000 BTUs).
- 6-7 Off street dedicated parking spaces on asphalt paved parking lot with ample additional on-street parking.
- Recent updates include a new water heater installed in 2024 for Unit 1. The roofing was updated in 2023 with GAF coating and new flashing/trims. In 2017, the deck structure was reinforced and the wood flooring in Unit 2 was refinished.
AREA
Centrally located in the Franklin to the Fort, this central Missoula neighborhood blends a warm, historic feel with modern livability. Highly accessible, just minutes from grocery stores, restaurants, shopping centers, transit, and the Bitterroot Bike Trail for convenient commuting and recreation route through the core of Missoula.
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Cap Rate
5.56%
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NOI
$33,357
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Pro Forma Cap Rate
6.39%
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Building Size
3,360 sqft
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Lot Area
0.219 acres
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Units
3
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Year Built
1960
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Zoning
RM2.7 - Residential Multi-Dwelling
Details
- • Annual Tax: $ 6405.7
- • Average Floor Size: 1120.0
- • Average Occupancy Rate: 100.0
- • Special Market: College / University
