340 South Avenue W, Missoula, MT 59801

Property Description

This 1951 mid century charmer is a must see. A rare, turnkey, in-town property with Income, Integrity, and Proven Care. Location and Opportunity are the cornerstones for this property. This is not just a house — this property includes two independent dwellings, in exceptional condition, with maintenance records. 340 South Ave W is the primary residence & 342 South Ave W is the original 1910 carriage house / studio with full upgrades, and currently rented for $1,200/month (market supports $1,200+/month) Separate water and power, and independent access for each home. The Carriage House has consistent long-term rental history. This configuration is rarer than a typical ADU setup. It has the feeling of a next door neighbor while enjoying rental income to accelerate equity in your home. Main Residence 5-bedroom, 2-bath mid century cutie has: Large eat in kitchen with original cabinetry and exceptional storage. Upstairs refinished original hardwood floors in excellent condition, and gas fireplace in main living area. New windows and trim, with Hunter Douglas blinds throughout the upstairs. Professionally painted inside and outside. Spotless, move in ready condition throughout 3068 sq ft. The finished basement includes: 2 conforming bedrooms, living room and 3/4 bathroom configured with the ability to lock off this section of the house for added flexibility. Bonus TV room & generous storage in the Utility room. This Carriage House studio residence is complete with its own fenced yard and ample on street parking spots. Upgrades include: Furnace, fence & patio, roof replacement, exterior paint refinished hardwood floors, bathroom upgrades. This is a true second home - not an afterthought. Garage & Site Improvements: True 2 car garage, with reinforced beam, sheetrock and fully painted. New garage side door entrance for easy access. Completely rebuilt driveway. 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.