New

$5,500,000

For Sale

20 hours ago

130 W Kent Avenue, Missoula, MT

Name: 130 W Kent Avenue, For Sale in Missoula - eXp Realty
Brand: Engel & Völkers - Bozeman
SKU: 30076788
Price: 5500000 USD

House

MLS® 30076788

0 Bed

0 Bath

30 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes $62,011

Days Active 1

Lot Size 0.621 Acres

Approx. Age 1968

MLS® Number 30076788

Property Address: 130 W Kent Avenue, Missoula, MT, 59801

Average square foot calculated using Size range provided by listing agent.

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. This property is being co-listed and co-marketed in collaboration with CBRE. Engel & Völkers is providing MLS listing services and participating in the marketing of the property in coordination with CBRE. Offering Memorandum and additional financial information are available to qualified buyers upon request and execution of any required confidentiality agreement. Contact listing broker for additional information. Buyers and their agents have an obligation to conduct due diligence and to verify to their satisfaction, the information contained herein regarding property. This information is provided by outside sources and deemed reliable but not guaranteed by Engel & Volkers.

MLS® Number30076788

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1968

Basement

Driveway

Garage Spaces

HeatBaseboard, Ductless, Electric

A/CDuctless, Wall Units

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 14, 2026List Date

$5,500,000List Price

Commute

Commute

Starting Address

Destination Address

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