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    2402-2418 Leo Ave Missoula, MT 59808

    For Sale
    $4,590,000

    MULTI_FAMILY - Missoula, MT

    Lot size:
    1.14 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 2402-2418 Leo Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Multi-Family
    APN
    04220017114030000
    Parking
    1
    Parking features
    On Street
    Lot size
    1.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    2000
    Roof type
    Asphalt

    ERA Lambros Real Estate (406) 532-9200 [email protected]

    Listing agent Rick Meisinger (406) 240-6031 License #RRE-BRO-LIC-12362

    Listing date Nov 11, 2025

    Copyright © 2025 Montana Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property with Condo Potential

    This multifamily property features eighteen units, each with two bedrooms and one and a half bathrooms. Each unit includes a detached garage. The property is cash-flow ready with established tenants and a strong rental history. A condo declaration has been completed, awaiting final sign-off, offering a flexible exit strategy to operate as a multifamily income property or sell the units individually as condominiums. Each unit offers a functional layout with open living spaces, private laundry, and outdoor patios or green space. The detached garages can be used for parking or extra storage. The property is located in a desirable, high-demand area with access to amenities, transit, and schools. The lot size is 1.137 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missoula
    County
    Missoula
    State
    Montana
    Longitude
    -114.0221486
    Latitude
    46.8896993

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    FAQs

    What type of property is this?
    Duplex - 18-unit multifamily property in Missoula with condo conversion potential.
    Where is this duplex located?
    The property is located at 2402-2418 Leo Ave Missoula, MT.
    What is the asking price?
    The asking price for this property is $4,590,000.
    What are key features of this property?
    This property features: - Flexible Exit Strategy: Condo declaration completed, allowing for individual unit sales as condominiums.; - Turn-key Investment: Cash-flow ready with established tenants and strong rental history.; - 18 Spacious Units: Nine well-maintained duplexes, each with 2 beds and 1.5 baths.
    (406) 240-6031
    Request Owner's contact information
    2402-2418 Leo Ave Missoula, MT 59808
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2402-2418 Leo Ave Missoula, MT 59808
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