Lease
2402-2418 Leo Avenue
Missoula, MT 59808
$4,500,000
ActiveMLS® 30079559
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. Also listed as Commercial MLS# 30079560.
Interior
- Appliances Range, Refrigerator
- Laundry Washer Hookup, Electric Dryer Hookup, In Bathroom, Main Level, In Unit
- Basement Crawl Space
- Heating Forced Air
Exterior and Construction
- Construction materials Wood Siding, Wood Frame
- Style Multi-Level, Tri-Level
- Roofing Asphalt
- Construction Wood Siding, Wood Frame, Two, Poured
Utilities
- Sewer Public Sewer
- Utilities Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Available
- Water Public
Land and Lot
- Lot size 1.137 acres (49,527 sq ft)
- Topography Level
- View Mountain(s), Residential, View
Location and Zoning
- Road/Access City Street
- Zoning Multi-Family
- Zoning description RM1-45
- County Missoula
- Neighborhood Westside
Schools
- School District Hellgate Elementary School District
Tax and Legal
- Annual tax $36,826.95
- Tax year 2024
- Parcel number 04220017114030000
- 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
Parking and Garage
- Garage Additional Parking, On Street
- Garage spaces 1
Listing Information
- Listing Agent
- Rick Meisinger
- Co-Listing Agent
- Christopher Funston
- Listing Office
- ERA Lambros Real Estate Missoula
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