2402-2418 Leo Avenue Missoula, MT $ 4,590,000
2402-2418 Leo Avenue
$ 4,590,000
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2402-2418 Leo Avenue

Missoula, MT, 59808
$ 4,590,000
Baths0.0 Sq 16,568

Monthly Estimate*

$ 28,636

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Studio

Multi-Family Home for sale in Missoula, MT

for $4,590,000. This 16,568 square foot home was built in 2000 on a lot size of 1.137.

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.

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Multi-Family Active

Price

$ 4,590,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 36,826

Style

Lot Size

1.137

Year Built

2000

Town/City

Missoula

County/Region

Missoula

MLS | Web ID

30047263

Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Electricity Connected Natural Gas Connected High Speed Internet Available Phone Available
Possession Close Of Escrow
Roof Asphalt
Appliances Range Refrigerator
Zoning Multi-Family
Garage Spaces 1
Architectural Style Multi-Level Tri-Level
Construction Materials Wood Siding Wood Frame
Year Built 2000
View Mountain(s) Residential
Topography Level
Levels Two
Property Subtype Apartment
Tax Year 2024
County Missoula
New Construction false
Property Type Residential Income
Garage Y/N true
Status Active
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.
City Missoula
Senior Community Y/N false
Zoning Description RM1-45
Number Of Units Total 18
Lot Size Units Acres
Lot Size Square Feet 49527.72
Carport Y/N false
Tax Annual Amount 36826.95
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Property Sub Type Additional Apartment Multi Family
Expected Active Date 2025-04-25
Legal Description Fractional Lots 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 in Block 3 of WEST MISSOULA a platted subdivision in the City of Missoula Missoula County Montana
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Interior
Basement Crawl Space
Basement (Y/N) true
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Electric Dryer Hookup In Bathroom Main Level In Unit
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Exterior
Parking Features Additional Parking On Street
Lot Features Level
Water Source Public
Lot Size Area 1.137
Foundation Details Poured
Building Area Total 16568
Lot Size Acres 1.137
Road Surface Type Asphalt
Lot Size Source Public Records
Waterfront Y/N false
Road Frontage Type City Street
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* Excluded Features
List By
Rick Meisinger

Listing Agent

Era Lambros Real Estate Missoula

Broker

rick@rickmeisinger.com

Email

Affordability Calculator

$31,704
Per Month
90%
10%
0%
Monthly Principal & Interest
$28,636
Monthly Property Taxes
$3,069
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2025$4,590,000 Listed Price

Map


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2402-2418 Leo Avenue, Missoula, MT, 59808 is a Multi-Family Home for sale at $4,590,000 with 16,568 sqft and a lot size of 1.137. 2402-2418 Leo Avenue is a studio with 0.0 baths and was built in 2000. The property's zip code is 59808 which is in Missoula, MT