2402 Leo Ave Missoula, MT 59808
Westside NeighborhoodEstimated payment $28,419/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 |
|---|---|---|---|---|
| 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 | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | $186,000 | Unknown | |
| Previous Owner | $730,850 | No Value Available |
Source: Montana Regional MLS
MLS Number: 30047263
APN: 04-2200-17-1-14-03-0000
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