$995,000

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… Read More 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: $1,200 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. Read Less

Courtesy of Beth Baumstark, Engel & Völkers Western Frontier - Missoula 406-926-3322.

Listing Snapshot

Days Online

Last Updated

Sep 8, 2026

Property Type

SingleFamilyResidence

Beds

Full Baths

Square Ft.

3,128

Lot Size

0.19 Acres

Year Built

1951

MLS Number

30071659

Additional Details

Property Access

Frontage Type: CityStreet, Road Surface: Asphalt

Appliances & Equipment

Dryer, Dishwasher, Range, Refrigerator, Washer

Basement

PartiallyFinished

Building

Built in 1951, Living area: 3128.0, Living area units: SquareFeet, Levels: Two

Community

Sidewalks

Exterior Features

Patio/Porch Features: Covered, FrontPorch, Patio, RainGutters

Fence

BackYard, ChainLink, Partial

Fireplaces

1 fireplace

Foundation

Poured

Garage

2 spaces

Heating

ForcedAir, Gas

Interior Features

Fireplace, MainLevelPrimary

Laundry

WasherHookup

Lot

0.186 acres, BackYard, FrontYard, Landscaped, Level, SprinklersInGround

Parking

AdditionalParking, Garage, GarageDoorOpener, HeatedGarage, OnStreet

Roof

Asphalt

Security Features

SecuritySystemOwned, FireAlarm

Sewer

PublicSewer

Taxes

Parcel Number: 04220028404010000, Annual Amount: $6,966.65, Legal Description: HOMEVALE ADDITION, S28, T13, R19W, BLOCK 44. LOT 13-14, Year: 2025, Zoning: Residential, Zoning description: 1

Utilities

CableAvailable, ElectricityConnected, NaturalGasConnected, HighSpeedInternetAvailable, SeparateMeters, Water Source: Public

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