In-Person: 08/23 12:00 PM - 1:30 PM340 South Avenue W,Missoula, MT 59801
Missoula, MT 59801
Description
Updated 1951 Mid-Century Home + Income-Producing Carriage House - Where Rose Park Meets Lewis & Clark in MissoulaThis 1951 mid-century charmer at 340 South Ave W has been lovingly maintained and upgraded to preserve its original character, paired with an upgraded 1910 carriage house at 342 South Ave W that currently rents for $1,200/month.Right where Rose Park meets Lewis & Clark, the property enjoys the best of both beloved neighborhoods - and sits centrally, less than 6 blocks from Lewis & Clark Elementary, Washington Middle School & Sentinel High School.Both homes are move-in ready, with $150,000 verified, documented improvements focused on systems longevity & structural integrity over the past 10 years.Main Residence (5 bed / 2 bath, 2,808 sq ft finished + 260 sq ft utility/storage): large eat-in kitchen with original cabinetry and exceptional storage; refinished original hardwood floors upstairs; cozy living area with gas fireplace; new windows, trim, and Hunter Douglas blinds upstairs; professionally painted in and out, spotless and move-in ready. Finished basement adds 2 conforming bedrooms, a living room, and 3/4 bath with lock-off flexibility, plus a bonus room and generous storage.Garage & Site: 2-car garage with reinforced beam, sheetrock, full paint; completely rebuilt driveway; new front sprinkler line underway.Carriage House Studio (income property): private fenced yard, ample street parking, a mile from the University of Montana - a strong driver of rental demand. Ideal for long-term rental, VRBO, home office, or multigenerational living. Upgrades: furnace, refinished hardwood floors, bathroom updates, fence, patio, roof replacement, full interior/exterior paint.Two independent dwellings, each with separate water, power, and private access. The carriage house has a consistent long-term rental history and lives more like a private neighboring home than a typical ADU, offering privacy for both households while building equity. Rental financials available upon request.Total 3,388 sq ft (Main House 3,068 sq ft total + Carriage House 320 sq ft finished)A rare chance to own a well-maintained, in-town property blending mid-century charm, smart upgrades, and real income potential in one of Missoula's most desirable locations. A note from our lender:If the property has a rental unit generating $1,200/month, and underwriting allows 75% of the rent:Gross Rent: $1,200Qualifying Rent (75%): $900/monthAt current qualifying rates, that additional $900/month generally supports about $180,000-$200,000 more mortgage debt. Schedule your private showing today.
Details
| MLS # | 30071659 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 79 |
| Listing Provided By | Engel & Völkers Western Frontier - Missoula | Beth Baumstark |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,128 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | Residential |
| Acreage | 0.19 |
Exterior
| Lot Features | Back Yard, Front Yard, Landscaped, Level, Sprinklers In Ground |
|---|
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Additional Parking, Garage, Garage Door Opener, Heated Garage, On Street |
Taxes
| Tax Annual Amount | 6966.65 |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | MT |
|---|---|
| County | Missoula |
| City | Missoula |
| Zip Code | 59801 |
| Listing VS Median (in 59801) | |
Price: $995,000 low | high Med: $597,000 sqft: 3,128 low | high Med: 1,608 $ / sqft: $318 low | high Med: $491 On site: 79 low | high Med: 38 | |
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Learn More About This Property
| Open House |
|---|
| In-Person 08/23 12:00 PM - 1:30 PM |
| State | MT |
|---|---|
| County | Missoula |
| City | Missoula |
| Zip Code | 59801 |
| Listing VS Median (in 59801) | |
Price: $995,000 low | high Med: $597,000 sqft: 3,128 low | high Med: 1,608 $ / sqft: $318 low | high Med: $491 On site: 79 low | high Med: 38 | |
