2402-2418 Leo Avenue, Missoula, MT 59808

$4,590,000

Bathrooms:
Sq. Ft.: N/A
Type: Commercial
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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
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, Gas
Has Basement: No
Tenant Pays: Electricity, Gas, Heat
Exterior Features
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
Additional Information
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: $
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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Montana Regional data last updated at December 13, 2025, 1:51 PM MT