Commercial Real Estate for Sale at 2402-2418 Leo Avenue in Missoula, MT for $4,800,000

2402-2418 Leo Avenue | Missoula

$4,800,000

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. MTR 30047268

Directions to property: 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.

MLS Listing ID: 
MTR 30047268
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$4,800,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Missoula
Address: 
2402-2418 Leo Avenue, Missoula, MT 59808, US
County: 
Missoula
Latitude: 
46.8896993
Longitude: 
-114.0221486
Building Details
Details about the building on a property.
Year Built: 
2000
Construction
Foundation Details: 
Poured
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air, Gas
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
1.14
Lot Size (Area): 
1.14
View: 
Mountain(s), Residential
Waterfront: 
0
Lot Features
Parking Type: 
Additional Parking, On Street
Total Parking Spaces: 
1
Public Record
Parcel Number: 
04220017114030000
Property Zoning: 
Multi-Family
Contract Details
Details about the listing contract.
Possession: 
Close Of Escrow
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Rick Meisinger
Listing Office Name: 
ERA Lambros Real Estate Missoula