Historic Downtown Living Meets Investment Opportunity

Historic Character. Modern Opportunity. The Heart of Downtown Missoula. Some properties simply occupy a location. Others become part of the story of a city. Welcome to the historic Newton House, an exceptional downtown Missoula property where timeless architecture, thoughtful renovations, and outstanding investment potential come together on one of the city's most recognizable streets. Originally built in 1925 and carefully restored, this landmark residence has been transformed into two beautifully appointed duplexes, each offering its own private entrance, distinctive design, and exceptional flexibility for owners and investors alike. Currently operating as a successful short term rental, the property generated more than $107,000 in gross income in 2025, with projected annual income of approximately $130,000 if both residences are utilized as vacation rentals. Whether your vision includes luxury urban living, income producing real estate, or a long term redevelopment opportunity, 235 E Front Street offers remarkable versatility. The front residence, known as The Magpie, blends historic elegance with modern comfort. Spacious living and dining rooms, a remodeled farmhouse kitchen featuring Sub Zero appliances, beautifully preserved architectural details, and Carrara marble finishes create an inviting atmosphere that feels both timeless and refined. Upstairs, a comfortable family room separates the bedrooms, while the welcoming front porch provides the perfect setting to enjoy the energy of downtown Missoula. The second residence, The Meadowlark, offers its own unique personality with a retro inspired kitchen, luxury appliances, period flooring, and charming hand painted hardwood floors. The primary suite opens directly to a private courtyard, creating a peaceful retreat just steps from the vibrant downtown district. Extensive improvements throughout the property include updated HVAC systems, new water heaters, refinished hardwood floors, fresh interior and exterior paint, landscaping, underground sprinklers, and thoughtful renovations that preserve the home's historic character while providing today's modern conveniences. Adding to its appeal is an established food truck pad complete with a sidewalk cafe; license and additional storage that could serve as a commissary kitchen. Currently leased by the iconic Gary's Local, the pad provides an additional income opportunity. Positioned within Missoula's Central Business District zoning, the property also presents extraordinary long term development potential. CBD zoning allows for future redevelopment of up to twelve stories with no parking requirements, creating one of the most compelling redevelopment opportunities in downtown Missoula. Surrounded by the city's newest restaurants, luxury residential developments, boutique hotels, the Missoula Public Library, ROAM Student Living, the Clark Fork River, Caras Park, farmers market, music venues, and endless shopping and dining, this is a rare opportunity to own a landmark property at the center of one of Montana's most vibrant downtown districts. With a Walk Score of 93, every convenience and attraction is just moments from your front door. Whether you're seeking an iconic investment, an income producing property, or a premier downtown redevelopment opportunity, 235 E Front Street stands as one of Missoula's most unique real estate offerings.