2402-2418 Leo Avenue, Missoula, MT 59808

$4,590,000

Bathrooms:
Number of Units:
Type: Multi-Unit Residential
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This package of nine duplexes (18 total units) in a designated Opportunity Zone offers incredible potential for cash flow and long-term appreciation. Each unit features 2 bedrooms, 1.5 bathrooms, a detached garage, private laundry, and outdoor living space. Three units have been fully remodeled, and all buildings and garages have just been freshly painted, giving the property a clean, updated look. The condo declaration is complete and just needs final sign-off, giving you the freedom to continue operating as a multifamily rental or sell the units individually as condominiums. The highly flexible exit strategy makes this a smart play in any market. Located in a growing, high-demand area of Missoula with convenient access to shopping, schools, and transit, this property has strong tenant appeal and rental upside. Whether you're a buy-and-hold investor looking for steady returns or a developer ready to capitalize on the condo market, this asset checks every box.
Property Features
Location Information
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.
Interior Features
Heating: Forced Air
Appliances: Range, Refrigerator
Basement Description: Crawl Space
Has Basement: Yes
Exterior Features
Style: Multi-Level, Tri-Level
Levels: Two
Construction: Wood Siding, Wood Frame
Foundation: Poured
Water Source: Public
Septic or Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Available
Parking Description: Additional Parking, On Street
Garage Spaces: 1
Lot Features: Level
Topography: Level
Lot Size in Acres: 1.137
Lot Size in Sq. Ft.: 49,527
Zoning: RM1-45
Building Total Area (Sq. Ft.): 16,568
Road Description: City Street, Asphalt
View Description: Mountain(s), Residential
Additional Information
Property Type: RI
Property SubType: Apartment
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: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Seller's Representative: Rick Meisinger, ERA Lambros Real Estate Missoula

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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 4, 2025, 10:30 PM MT