1033 S 4th Street W, Missoula, MT

Multi-family for Sale - $675,000


Agent Info

Kelsey Ward
Coldwell Banker Commercial Drew Ward Warne Advisory Group

Property Info

CIMLS#1189288
Location
  1033 S 4th Street W
  Missoula MT 59801
UpdatedMarch 24th, 2026
TypeMulti-family
Price$675,000

Property 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.


Financials



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