Investment Property for Sale at 2402-2418 Leo Avenue in Missoula, MT for $4,800,000

2402-2418 Leo Avenue | Missoula

$4,800,000

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. MTR 30047263

Directions to property: 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.

MLS Listing ID: 
MTR 30047263
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$4,800,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Primary Market Area: 
Missoula
Address: 
2402-2418 Leo Avenue, Missoula, MT 59808, US
County: 
Missoula
Latitude: 
46.8896993
Longitude: 
-114.0221486
Building Details
Details about the building on a property.
Architectural Style: 
Multi-Level
Year Built: 
2000
New Construction: 
0
Basement: 
Crawl Space
Construction
Construction Materials: 
Wood Siding, Wood Frame
Foundation Details: 
Poured
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
1.14
Lot Size (Area): 
1.14
View: 
Mountain(s), Residential
Waterfront: 
0
Lot Features
Parking Type: 
Additional Parking, On Street
Garage: 
1
Public Record
Parcel Number: 
04220017114030000
Property Zoning: 
Multi-Family
Contract Details
Details about the listing contract.
Possession: 
Close Of Escrow
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Rick Meisinger
Listing Office Name: 
ERA Lambros Real Estate Missoula