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9-Duplex Multifamily Property
New
For Sale
$4,500,000

2402-2418 Leo Avenue, Missoula, MT 59808

Each residence includes private laundry, a detached garage, and outdoor living space.

Property SizeContact for details
Days on Market2

Property Features for 2402-2418 Leo Avenue

General Information

Standard status Active
Property subtype Residential Income
Zoning Multi-Family

Units

Unit Mix 18 x 2BR/1.5BA
Multifamily Units 18

Additional Details

Opportunity Zone Yes
Public Transit Yes

Taxes and HOA fees

Annual Taxes $36,826

Amenities

Forced Air
Crawl Space, Concrete
Range, Refrigerator
High Speed Internet
Mountain(s)
Additional Parking, On Street
MultiLevel, TriLevel

Building Details

Year Built 2000
Buildings 9
Listing Agency: ERA Lambros Real Estate
Listed By: Rick Meisinger · License #RRE-BRO-LIC-12362
Source: Evrealestate
Added: Oct 9 Changed: Oct 10 Last Checked: Oct 9 at 7:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Lambros Real Estate

Investment Insights

Based on property information with market context.

The property comprises nine duplexes with 18 units, built in 2000. Each residence has two bedrooms, one-and-a-half bathrooms, private laundry, a detached garage, and outdoor living space. Three units have been remodeled, and the buildings and garages have received fresh paint.

The property is within a designated Opportunity Zone. A condominium declaration has been prepared and awaits final sign-off, allowing for continued multifamily rental operation or potential individual condominium sales.

Key Highlights

  • Nine duplexes comprising 18 total units
  • Each unit has 2 bedrooms and 1.5 bathrooms
  • Detached garage, private laundry, and outdoor living space with each unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Locksmith Catering Service Florist Grocery & Convenience Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

677
Businesses Nearby

Demographics for 59808, MT

21,546
Population
9,938
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
97%
High-School Grad
157.1 sq mi
ZIP Area
137
Density / Sq Mi
$76,795
Median Household Income
$39,324
Median Earnings
$1,236
Median Rent
$419,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Each residence includes private laundry, a detached garage, and outdoor living space.
Where is this duplex located?
The property is located at 2402-2418 Leo Avenue Missoula, MT.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Nine duplexes comprising 18 total units; Each unit has 2 bedrooms and 1.5 bathrooms; Detached garage, private laundry, and outdoor living space with each unit
More about this property
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