340 South Avenue W
Property Description
Updated 1951 Mid-Century Home + Income-Producing Carriage House - Where Rose Park Meets Lewis & Clark in Missoula This 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. 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: $1,200 Qualifying Rent (75%): $900/month At current qualifying rates, that additional $900/month generally supports about $180,000-$200,000 more mortgage debt. Schedule your private showing today.
Broker Details
Engel & Volkers Missoula 406-926-3322
MLS ID: 15539043342975298002 State License Number: RRE-RBS-LIC-119411
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $969,500 |
| Year Built: | 1951 |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-EV-30072597
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