About 2402-2418 Leo Avenue
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.
Features of 2402-2418 Leo Avenue
| MLS® # | 30047263 |
|---|---|
| Price | $4,590,000 |
| Square Footage | 16,568 |
| Acres | 1.14 |
| Year Built | 2000 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Style | Multi-Level, Tri-Level |
| Status | Active |
Community Information
| Address | 2402-2418 Leo Avenue |
|---|---|
| City | Missoula |
| County | Missoula |
| State | MT |
| Zip Code | 59808 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Available |
|---|---|
| Parking | Additional Parking, On Street |
| # of Garages | 1 |
| Garages | Detached |
| View | Mountain(s), Residential |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Refrigerator |
|---|---|
| Heating | Forced Air |
| Fireplace | No |
| Stories | Two |
| Basement | Crawl Space |
Exterior
| Roof | Asphalt |
|---|---|
| Construction | Wood Siding, Wood Frame |
| Foundation | Poured |
Additional Information
| Date Listed | April 25th, 2025 |
|---|---|
| Days on Market | 68 |
| Zoning | Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |