2402-2418 Leo Avenue, Missoula, MT 59808
$4,590,000
Bathrooms:
Sq. Ft.: N/A
Type: Commercial
Listing #30047268
Request Information
This rare offering includes nine well-maintained duplexes' total of 18 spacious 2 bed, 1.5 bath units, each with its own detached garage. This multifamily property is cash-flow ready with established tenants and strong rental history, making it ideal for both seasoned investors and those looking to expand their portfolio. What truly sets this property apart is its flexible exit strategy: the condo declaration has been completed and is simply awaiting final sign-off. This allows you to continue operating as a multifamily income property or sell the units off individually as condominiums, opening the door for significant profit potential through retail sales. Each unit offers a functional layout with open living spaces, private laundry, and outdoor patios or green space, enhancing tenant appeal and retention. The detached garages add further value, whether used for parking or extra storage. Located in a desirable, high-demand area with easy access to amenities, transit, and schools, this property provides both immediate income and long-term upside. Don't miss this unique opportunity to own a turn-key investment with built-in flexibility. Call today for a private tour or financials package.
Property Features
Latitude: 46.8896993
Longitude: -114.0221486
Directions: Google Maps to 2402 Leo Ave. Head North on Russell Street until Russell turns West onto Railroad Street. Property is in between Leo Ave and Well Street. White Duplexes with Garages.
Heating: Forced Air, Gas
Has Basement: No
Tenant Pays: Electricity, Gas, Heat
Foundation: Poured
Water Source: Public
Septic or Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available
Parking Description: Additional Parking, On Street
Lot Features: Landscaped, Level, Sprinklers In Ground
Lot Size in Acres: 1.137
Lot Size in Sq. Ft.: 49,527
Present Use: Multi-Family
Zoning: RM1-45
Building Total Area (Sq. Ft.): 16,568
Road Description: City Street, Asphalt
View Description: Mountain(s), Residential
Property Type: COM
Property SubType: Duplex
Year Built: 2000
Status: Active
Tax Year: 2024
Tax Amount: $36,826.95
$ per month
Year Fixed. % Interest Rate.
| Principal + Interest: | $ |
| Monthly Tax: | $ |
| Monthly Insurance: | $ |
Seller's Representative: Rick Meisinger, ERA Lambros Real Estate Missoula
Copyright 2020 Montana Regional MLS. All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the Montana Regional MLS.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the Montana Regional MLS.
Montana Regional data last updated at December 13, 2025, 5:45 AM MT
Real Estate IDX Powered by iHomefinder