5 days on RocketTour
#30053825, Christopher Funston, Rick Meisinger, Listing office: ERA Lambros Real Estate Missoula
Property details
About 1650 N Russell St
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.
Highlights
Home typeCondominium
HeatingNatural Gas, Hot Water
StatusActive
Lot size2.97 Acres
Year built1997
MLS #30053967
Summary
- Appliances: Microwave, Range, Refrigerator
- Basement: No
- Architectural Style: Multi-Level, Tri-Level
- Heating: Natural Gas, Hot Water
- List Price: $11,779,276
- Annual Tax Amount: $68,022
- Tax Year: 2024
- Directions: Take North Russell to the railroad tracks. Property is on the right.
- Year Built: 1997
- Lot Size: 2.97 Acres
- MLS Number: 30053967
- MLS Name: MTR
- Office Name: ERA Lambros Real Estate Missoula
- Office Phone: (406) 532-9200
- Office Email: patd@eralambros.com
- Listing Agent: Adam Hertz
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2025 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/17/2025, 3:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $5,363,000 | $68,022 |
| 2023 | $5,363,000 | $62,894 |
| 2022 | $3,709,106 | $50,147 |
| 2021 | $3,860,836 | $47,734 |
| 2020 | $3,107,600 | $40,693 |
| 2019 | $3,178,900 | $38,881 |
| 2018 | $2,906,500 | $38,231 |
| 2017 | $2,906,500 | $38,231 |
History based on county public records data.
Nearby schools
3
Lowell Elementary School
Public District KG-5
0.6 mi
•1200 Sherwood St
5
Franklin Elementary School
Public District KG-5
1.9 mi
•1910 S 11th St W
8
Hawthorne Elementary School
Public District KG-5
2.2 mi
•2835 S 3rd St W
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,026. Residents of Missoula, MT typically earn less than $<35k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
57%
<35k
40%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
59%
Single, No Kids
14%
Single, with Kids
15%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
4%
12-17 yrs old
48%
18-34 yrs old
29%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Soccer
NBA/WNBA
Pro Wrestling
Where do the neighbors shop?
Forever 21
Express/Express For Men
Burlington
Where do the neighbors go to eat?
Dominos Pizza
Starbucks
Cicis Pizza
What do the neighbors drive?
Mazda
Pontiac
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1650 N Russell St
The listing price of 1650 N Russell St property is $11,779,276.
The property 1650 N Russell St is a condo located in Missoula, Montana, 59801.
Active Listing: 1650 N Russell St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1650 N Russell St are: Lowell Elementary School (GreatSchools Rating 3/10), Franklin Elementary School (GreatSchools Rating 5/10), Hawthorne Elementary School (GreatSchools Rating 8/10), Hellgate el Intermediate School (GreatSchools Rating 6/10), Hellgate Middle School (GreatSchools Rating 5/10), Washington Middle School (GreatSchools Rating 6/10), Hellgate High School (GreatSchools Rating 3/10), Sentinel High School (GreatSchools Rating 5/10), Big Sky High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $68,022 (source: MLS/based on county public records data).
The property at 1650 N Russell St has 0 bathroom.
The year of construction for 1650 N Russell St is 1997.
This home is located at 1650 N Russell St in Missoula, MT and zip code 59808 in the Westside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 14, 2025 and is currently priced at $11,779,276.
While more than 25 listings in Missoula, MT in June 2025 were sold above asking price, there were more than 33 listings sold at asking price, and more than 50 were sold below. The number of listings in Missoula, MT increased by 17.1% between May and June 2025. In June 2025, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $549,000.
From Rocket Homes Real Estate and based on county public records data.