2402 Leo Ave Missoula, MT 59808
Westside NeighborhoodEstimated payment $27,142/month
Highlights
- 1.14 Acre Lot
- Forced Air Heating System
- High Speed Internet
- Mountain View
- 1 Car Garage
- Level Lot
About This Home
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.
Listing Agent
ERA Lambros Real Estate Missoula License #RRE-BRO-LIC-12362 Listed on: 04/25/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $36,827
Year Built
- Built in 2000
Lot Details
- 1.14 Acre Lot
- Level Lot
Parking
- 1 Car Garage
- Additional Parking
- On-Street Parking
Home Design
- Poured Concrete
- Wood Frame Construction
- Asphalt Roof
- Wood Siding
Interior Spaces
- 16,568 Sq Ft Home
- Property has 2 Levels
- Mountain Views
- Basement
- Crawl Space
- Oven or Range
Laundry
- Laundry on main level
- Laundry in Bathroom
- Washer and Electric Dryer Hookup
Utilities
- Forced Air Heating System
- Natural Gas Connected
- High Speed Internet
- Phone Available
Community Details
- 18 Units
Listing and Financial Details
- Assessor Parcel Number 04220017114030000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,357 | $1,487,900 | $834,250 | $653,650 |
| 2024 | $16,184 | $1,359,100 | $658,625 | $700,475 |
| 2023 | $15,154 | $1,359,100 | $658,625 | $700,475 |
| 2022 | $16,314 | $1,228,900 | $0 | $0 |
| 2021 | $14,690 | $1,228,900 | $0 | $0 |
| 2020 | $12,344 | $955,000 | $0 | $0 |
| 2019 | $12,196 | $955,000 | $0 | $0 |
| 2018 | $13,325 | $1,015,400 | $0 | $0 |
| 2017 | $13,087 | $1,015,400 | $0 | $0 |
| 2016 | $10,258 | $846,400 | $0 | $0 |
| 2015 | $9,694 | $846,400 | $0 | $0 |
| 2014 | $8,850 | $425,537 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Price Changed | $4,590,000 | -4.4% | $277 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $4,800,000 | -- | $290 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Insured Title | |
| Quit Claim Deed | -- | Wells & Mckittrick | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $287,850 | New Conventional | |
| Previous Owner | $730,850 | No Value Available |
Source: Montana Regional MLS
MLS Number: 30047263
APN: 04-2200-17-1-14-03-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 407 N Surrey St
- 1650 N Russell St
- 112 S Travois
- 513 S Caravan
- 1700 Cooley St Unit 10
- 1950 W Broadway St
- 1839 Sherwood St Unit 11
- 2025 Mullan Rd Unit 209
- 1825 Scott St Unit B
- 1026 Charlo St
- 1725 Cooper St
- 913 Rodgers St
- 1427 W Broadway St
- 3641 Union Pacific St
- 3627/3641 Union Pacific St
- 3627 Union Pacific St
- 1029 Stoddard St
- 3900 Coal Mine Rd
- 920 Cooley St Unit B
- 920 Cooley St Unit C
- 1650 N Russell St
- 1510 Cooley St
- 1500 Stoddard St
- 2200 Great Northern Ave
- 3320 Great Northern Ave
- 1017 Pullman St
- 2075 Cooper St
- 2370 Clark Fork Lane Rd
- 3904 Mullan Rd
- 825 W Spruce St
- 4000 Mullan Rd
- 1805 Wyoming St Unit 9
- 4100 Mullan Rd Unit 917
- 1580 Milwaukee Way
- 155 N California St
- 2175 Sagebrush Rd
- 680 S Johnson St Unit 2
- 3772 W Broadway St
- 419 S 3rd St W Unit A
- 419 S 3rd St W Unit C