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$ 4,800,000

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2402-2418 Leo AVE Missoula, MT 59808

16,568 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 16,568 sqft

Price per Sqft $289

MLS Listing ID 30047263

Style Multi-Level,Tri-Level

HOA Y/N No

Year Built 2000

Annual Tax Amount $36,826

Tax Year 2024

Lot Size 1.137 Acres

Acres 1.137

Property Sub-Type Apartment

Property Description

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.

Location

State MT

County Missoula

Zoning RM1-45

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Fireplace No

Appliance Range, Refrigerator

Laundry Washer Hookup, Electric Dryer Hookup, In Bathroom, Main Level, In Unit

Exterior

Parking Features Additional Parking, On Street

Garage Spaces 1.0

Utilities Available Electricity Connected, Natural Gas Connected, High Speed Internet Available, Phone Available

View Y/N Yes

Water Access Desc Public

View Mountain(s), Residential

Roof Type Asphalt

Building

Lot Description Level

Entry Level Two

Foundation Poured

Sewer Public Sewer

Water Public

Architectural Style Multi-Level, Tri-Level

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 04220017114030000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by ERA Lambros Real Estate Missoula

Courtney Ferguson

Team Lead | License ID: RRE-BRO-LIC-108835

+1(406) 830-5474 | home@courtney-ferguson.com