Missoula Real Estate

Missoula Real Estate

Welcome to Missoula, Montana – a vibrant city nestled in the heart of the Rocky Mountains, where stunning natural beauty meets a rich cultural tapestry. Known as the "Garden City," Missoula is surrounded by lush landscapes, winding rivers, and majestic mountains, making it a haven for outdoor enthusiasts and nature lovers alike.

With a population of just over 75,000 residents, Missoula boasts a friendly, small-town atmosphere while offering the amenities of a larger city. The city is home to the University of Montana, which infuses the area with youthful energy, diverse cultural events, and a thriving arts scene. From local theaters to art galleries and live music venues, there’s always something happening in this dynamic community.

Missoula's historic downtown is a charming blend of boutique shops, eclectic cafes, and farm-to-table restaurants, all set against a backdrop of stunning mountain views. The city's commitment to sustainability and outdoor recreation is evident in its extensive network of parks and trails, perfect for hiking, biking, and enjoying the great outdoors.

Families will appreciate the strong sense of community, excellent schools, and numerous recreational opportunities. Whether you’re exploring the scenic beauty of the Bitterroot Valley or enjoying a leisurely float down the Clark Fork River, Missoula offers a lifestyle that harmonizes adventure and relaxation.

Discover your dream home in this enchanting city, where every day feels like a getaway and the spirit of Montana is alive and well. Welcome to Missoula – your new adventure awaits!

Newest Listings in Missoula

$6,750,000
414076 MLS
Waypointe represents one of the premier urban infill redevelopment opportunities in Missoula's celebrated Hip Strip district. Ownership has assembled a contiguous 41,700-square-foot development site - a rare feat in this supply constrained corridor - following the successful approval of an alley vacation in June 2025. The result is a clean, unencumbered footprint with no alley bisecting the site, significantly expanding buildable area and design flexibility. The property currently generates approximately $298,788 of stabilized annual NOI from seven commercial tenants operating under predominantly triple-net lease structures with leases staggered through 2026-2029. Most redevelopment sites generate little or no income during entitlement, design and permitting - Waypointe provides a developer nearly $300,000 annually to offset carrying costs, equation to $896,000 in aggregate NOI through the current lease term. Missoula's new Unified Development Code (Title 22, effective March 4, 2026) has transformed the regulatory environment. Parking minimums have been eliminated citywide, density maximums removed, and by-right development is now permitted - eliminating discretionary review risk. The Hip Strip is zoned to match the City's highest density downtown.

115 S 4th Street W, Missoula
$799,000
4 Beds ⋅ 4 Baths ⋅ 413853 MLS
Welcome to 2403 Garland Drive, a beautifully crafted custom ranch home in Missoula's desirable Pheasant Run Subdivision. Built in 1996 by renowned builder Gene Mostad, this exceptional residence showcases the quality craftsmanship, thoughtful design, and timeless appeal that have made his homes highly sought after. Offering 4,490 square feet of living space on an 11,845-square-foot lot, this spacious home features a functional single-level layout with a fully finished basement. The main floor includes three generously sized bedrooms, two and a half bathrooms, and expansive living spaces designed for both everyday comfort and effortless entertaining. The open kitchen is equipped with a cooktop, wall oven, dishwasher, disposal, and ample workspace, making it the heart of the home. The finished 1,528-square-foot basement provides outstanding flexibility with an additional bedroom, full bathroom, and abundant space for a family room, recreation area, home office, gym, or guest quarters. Additional highlights include central air conditioning, forced-air heating, an attached garage, main-level laundry with washer and dryer included, and the enduring quality of a custom-built home. Combining spacious living, exceptional construction, and a coveted neighborhood location, this is a rare opportunity to own a truly special Missoula property.

2403 Garland Drive, Missoula
$4,975,000
412103 MLS
South Reserve St. commercial opportunity offering a highly functional combination of showroom, retail, office, and warehouse space in one of Missoula’s most visible commercial corridors. Situated on approximately 1.14 acres, this 28,512 SF building is currently configured with an expansive customer-facing showroom, large storefront windows, mezzanine/display areas, private office and administrative areas, breakroom, storage, and rear warehouse space. The building’s layout provides excellent flexibility for an owner-user, investor, or business needing both high-exposure retail presence and true back-of-house operational capacity. The rear warehouse area includes overhead door access, loading functionality, high-volume storage, and room for inventory, fulfillment, service, or light distribution uses. The property benefits from dedicated on-site parking, prominent signage, strong visibility from South Reserve Street, and proximity to major retailers, restaurants, service businesses, and established residential neighborhoods. C2-4 zoning allows for a broad range of commercial uses, making this a compelling option for large-format retail, furniture/home goods, flooring, building materials, outdoor recreation, specialty retail, contractor supply, showroom/warehouse, or adaptive reuse. Offered at $4,975,000. Buyer to verify all building, zoning, use, and property information to their satisfaction.

2610 S Reserve Street, Missoula
$1,450,000
411050 MLS
Positioned in the heart of Downtown Missoula along the highly sought-after Higgins Avenue corridor, this offering presents a rare opportunity to acquire a fully built-out, high-capacity restaurant & bar, a speakeasy lounge and catering event space in lower level operation anchored by a coveted Montana All Beverage License. The business occupies approximately 10,000 square feet under a NNN lease structure and features a thoughtfully designed interior with high-end finishes, a prominent bar, and multiple distinct service areas that create both operational efficiency and a compelling guest experience. The building is not included in sale. A new owner will lease main and lower levels. The layout is intentionally designed to support diverse and scalable revenue streams, including a main dining and bar area with strong street presence, a basement speakeasy ideal for late-night programming or private use, and a separate event space well-suited for group dining, corporate functions, and hosted events. These distinct environments allow for simultaneous operations and provide flexibility for a wide range of concepts, service models, and income opportunities. The offering includes the Montana All Beverage License priced at $1,100,000, along with approximately $150,000 in wine and liquor inventory and $200,000 in furniture, fixtures, and equipment, including the point-of-sale system, for a total acquisition price of $1,450,000. The business is offered as a turnkey operation, with a level of build-out and infrastructure that would be difficult and costly to replicate in today’s market. The building is not included in sale. A new owner will lease main and lower levels. The lease is structured as NNN with a base rent of $16,500 per month, plus estimated monthly expenses of approximately $2,600 for property taxes and $900 for insurance, resulting in a total monthly occupancy cost of roughly $20,000. This represents a competitive occupancy structure for a downtown location of this scale and quality, offering immediate operational capacity in one of Missoula’s most active commercial and nightlife districts.

223 N Higgins Avenue, Missoula
$1,350,000
410082 MLS
Positioned in one of Missoula’s most desirable corridors, this income producing property at 1629 River Road offers a rare combination of scale, location, and upside. The asset includes one single family residence and four duplex buildings totaling eight rental units, all fully leased and generating consistent income. Situated directly across from the scenic Clark Fork River and just minutes from Downtown Missoula, the property benefits from strong tenant demand driven by proximity to recreation, employment, and amenities. Each duplex unit features a functional one bedroom one bathroom layout, while the single family home offers three bedrooms and one bathroom. Current rents are significantly below market, presenting a clear value add opportunity through rent adjustments and continued operational improvements. With all units occupied, investors can step into immediate cash flow while capitalizing on long term appreciation in one of western Montana’s most resilient rental markets. This is a compelling opportunity to acquire a well located multifamily asset with stable income and substantial upside potential in the heart of Missoula.

1629 River Road, Missoula
$3,695,000
408837 MLS
Building & Land For Sale - Business is not included in sale. Tenant will vacate property prior to closing. 7.8% Cap Rate with current lease. Located in vibrant Midtown Missoula, this 24,000 square foot steel building represents a rare opportunity to acquire a well-established commercial asset in a highly sought-after corridor. The property is occupied by a grocery store under a triple net lease, offering consistent income backed by a longstanding neighborhood business. The building features 1.69 acres with substantial on-site parking, brand new roof, a west-facing pit loading dock, and full alley access for convenient service and deliveries. Having operated successfully as a grocery store for decades, the site enjoys deep community roots and steady foot traffic. Flexible zoning allows for a broad mix of future uses, including residential and commercial development up to 125 feet in height. Its proximity to the South Hills neighborhood, area schools, and the University of Montana enhances both current performance and future redevelopment appeal. Owner Financing available OAC with 30% down, 6% APR, amortized over 25 years, with a balloon in 7-10 years.

704 S Higgins Avenue, Missoula
$1,295,000
407225 MLS
Live-work opportunity in prime location. First time on the market in over 25 years, this turn-key building is ready for your business, restaurant, and/or penthouse suite. Built in 1910, the building has been completely renovated and most recently housed professional offices. Two tandem parking spots are located on the west side of the building. Breezeway strip around building perimeter could be utilized to add egress. Zoned 6 / Central Business District, the building could offer an exceptional opportunity to add apartment(s) and rooftop outdoor living space with views of downtown and the mountains. The property is located in Missoula's central business district, listed on the National Register of Historic Places, and is adjacent to the Florence Building, Top Hat, the Rhino, the AC Hotel Marriott and Residence Inn Hotel, and several new restaurants, pubs, and meeting places. Just 3 blocks from Caras Park and the Clarks Fork River. Bring your business and ideas, or acquire as investment property. See architect's renderings in photographs.

125 1/2 W Main Street, Missoula
$795,000
407156 MLS
Located in Missoula’s desirable Riverfront neighborhood, this four-unit multifamily property offers a solid investment opportunity in a high-demand rental area. Built in 1920, the building retains elements of its early-century character while providing practical updates and functional layouts that appeal to long-term tenants. Its central location—just minutes from downtown, the Hip Strip, the Clark Fork River, and the city’s trail network—supports strong occupancy and consistent rental demand. Main floor unit is a 1+Bd and 1.5 baths with new paint & flooring! Upstairs is a large bright sunny 1 bdrm apt, with pantry, and extra storage in the attic area off of the kitchen. There are 2 basement units, one was completely remodeled from the studs out in 2015, and is a small 1 bdrm, and is super cute, the other basement apt is also a small one bedroom. Updates are: New water line, newer plumbing, newer windows, roof was installed in 2005, remodeled baths, and some new flooring on main floor, new electrical in upper unit, new shower in basement apt. , newer Rinnai heaters in both the upper and main units. Each of the four units configuration have bright living spaces, functional kitchens, classic trim details, and finishes appropriate for rental housing. The property benefits from mature trees, a covered front porch, and convenient off-street parking, with straightforward access to neighborhood amenities and public transit. Given its unit mix, established rental appeal, and placement in one of Missoula’s most walkable central neighborhoods, 512 S 2nd St W represents a reliable multifamily asset with long-term income potential. Call or email listing agent for financials.

512 S 2nd W, Missoula
$650,000
405256 MLS
Unique opportunity to acquire a prime commercial development parcel within the established and highly visible Russell Square Shopping Center. This rare parcel is ideally situated in a vibrant commercial corridor surrounded by dense residential neighborhoods, schools, and other service-oriented businesses. The property offers exceptional potential for neighborhood-serving uses such as daycare, financial institutions, eating establishments, medical, or professional services. Please note that certain commercial and multi-family uses are restricted under the site’s CC&R's—interested parties are encouraged to review these documents. All uses are subject to final approval by Albertson’s Corporate. With limited development land available in this sought-after area, this site represents a standout opportunity for businesses looking to serve the growing South Missoula community.

3800 S Russell Street Unit 1A, Missoula
$1,750,000
404866 MLS
High-Visibility Commercial Land on Brooks Street Located in one of Missoula’s most active commercial corridors, this .86-acre parcel at 3521 Brooks Street offers a prime opportunity for redevelopment. Previously home to a successful restaurant, the site is now cleared and ready for new construction. With high traffic exposure—an Annual Average Daily Traffic (AADT) count of over 21,000 vehicles. Zoned C1-4, this property supports a variety of development possibilities including office, retail, medical, automotive, and service-based businesses. The flat topography, existing access from Brooks Street, and proximity to national retailers enhance the site’s development efficiency and market appeal. Whether you're an investor seeking a high-traffic location or a business owner ready to build a custom facility, 3521 Brooks Street is a rare offering in one of Missoula’s most visible commercial zones.

3521 Brooks Street, Missoula
$219,000
404442 MLS
Enjoy breathtaking views from this beautiful 2-acre lot on the outskirts of Missoula! Featuring a gradual slope, perfect for a daylight basement design, this property offers the ideal setting to build your dream home. Just 10 minutes from Missoula, you’ll enjoy both convenience and the peace of Montana living.

11480 O'Keefe Creek Boulevard, Missoula
$925,000
400259 MLS
**Mullan Crossing** 2255 sqft For Sale office condominium space for on the 2nd floor of Building #2. Located north of Mullan Rd and west of Reserved St just off Clark Fork Ln. New construction to be completed this summer 2023. Includes private entrance and plenty of parking. Consider this a blank canvas as you may design your space as you want it and we will deliver it turn key. *Pricing subject to change based on your desired level of finish and/or unforeseen construction cost increases prior to finish

3760 Mullan Road Unit D, Missoula
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