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2402-2418 Leo Avenue

Missoula, MT 59808
  • $4,800,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 30047268
UPDATED: 10 min ago
$4,800,000
  • 0
    BEDS
  • 1.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2000
County:
Area:

School Ratings & Info

Description

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.

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© 2025 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2025-05-13T15:19:05.863.
www.helenahomebuyer.com/homes/162979271
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2402-2418 Leo Avenue Missoula, MT 59808

  • Price: $4,800,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 10 min ago
  • MLS #: 30047268
0
Beds
0
Baths
0
½ Baths
1.14
Acres
2000
Built
County:
Missoula
Area:
Missoula
Property Description
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.
Exterior Features

Carport YN No Foundation Details Poured Garage YN No Lot Features Landscaped Level Sprinklers In Ground Parking Features Additional Parking On Street Parking Total 1 Road Frontage Type City Street Road Surface Type Asphalt Roof Asphalt View Mountain(s) Residential View YN Yes Waterfront YN No

Interior Features

Basement YN No Fireplace YN No Heating Forced Air Gas Heating YN Yes

Property Features

Building Area Total 16568 Current Use Multi- Family Listing Terms Cash Conventional Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Standard Structure Type Duplex Multi Family Tax Annual Amount 36826.95 Tax Legal Description Fractional Lots 2345678910111213141516171819 in Block 3 of WEST MISSOULAa platted subdivision in the City of Missoula Missoula County Montana Tax Year 2024 Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Available Water Source Public Zoning Description RM1-45

Listing Agent: Rick Meisinger
Listing Office: ERA Lambros Real Estate Missoula, Office Contact Info: 406-532-9200


© 2025 Montana Regional MLS. Information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed and should be independently verified. Data last updated: 2025-05-13T15:19:05.863.
 
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Andy O Realty Group | Keller Williams Capital Realty
130 Neill Avenue
Helena MT, 59601