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.
