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Cindy Johnson

Engel & Völkers

cindy.johnson@engelvoelkers.com +1(406) 253-7251

$ 5,500,000

Est. payment -/mo

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Active Under Contract

130 W Kent AVE Missoula, MT 59801

16,934 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 16,934 sqft

Price per Sqft $324

MLS Listing ID 30079587

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1968

Annual Tax Amount $62,010

Tax Year 2025

Lot Size 0.621 Acres

Acres 0.621

Property Sub-Type Apartment

Property Description

Exceptional opportunity to acquire The Grove Apartments, a 30-unit multifamily property located at 130 W Kent Avenue in the heart of Missoula's highly desirable University District. Just minutes from the University of Montana, downtown Missoula, local dining, breweries, recreation, and an extensive network of walking and biking trails, this established property combines a sought-after location with meaningful value-add potential. The Grove consists of two buildings, including the primary apartment building and an adjacent duplex, offering approximately 20,980 square feet of net rentable area on 0.62 acres. The unit mix includes 26 one-bedroom/one-bath units and four two-bedroom/one-bath units, with an average unit size of approximately 699 square feet. The property also features 30 parking spaces, providing a 1:1 parking ratio. Originally constructed in 1968, the property has benefited from substantial recent investment. Current ownership has completed more than $175,000 in capital improvements, including a full roof replacement, new vinyl windows throughout the apartment building, updated flooring, and new paint. These improvements provide a strong foundation for a future owner to continue the existing renovation program and further enhance the property's income potential. Residents enjoy an outdoor courtyard, on-site laundry, on-site maintenance, and convenient access to nearby walking and biking trails. Units feature fully equipped kitchens, breakfast bar seating, built-in storage, vinyl flooring, built-in vanity areas, and full-size showers and/or bathtubs. With an established rental base, significant capital improvements already completed, and additional opportunity to continue renovations and move rents toward market levels, The Grove presents a compelling value-add multifamily investment in one of Missoula's most desirable rental locations.

Location

State MT

County Missoula

Zoning B2-2 - RM1-45

Rooms

Basement None

Interior

Heating Baseboard, Ductless, Electric

Cooling Ductless, Other

Fireplace No

Appliance Dishwasher, Range, Refrigerator

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Balcony, Courtyard, Rain Gutters

Parking Features Additional Parking, On Street

Carport Spaces 30

View Y/N Yes

Water Access Desc Public

View City, Downtown, Mountain(s), Residential, Skyline

Porch Balcony

Building

Lot Description Level

Foundation Poured, Slab

Sewer Public Sewer

Water Public

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 04220028423010000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by The Agency Whitefish

Cindy Johnson

Broker License ID: RRE-BRO-LIC-8192

+1(406) 253-7251

Cindy Johnson

130 W Kent AVE Missoula, MT 59801

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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130 W Kent AVE