Billings, MT Apartment Buildings for Sale

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Laurel, MT Stevensville, MT Huntley, MT La Center, WA Shepherd, MT Acton, MT Molt, MT Joliet, MT

21 properties

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Updated: Jun 15

Victorian-Style Five-Plex with Garages

105 Yellowstone Avenue, Billings, MT 59101

$495,000

5,310 sqft 0.32 AC lot

Five‑plex with four two‑bedroom, one‑bathroom units
Seven individual garage units included
5,310 square feet on 0.3214 acres
Built in 1910 with vinyl siding and asphalt shingle roofing
Natural‑gas forced‑air heat; public water and public sewer

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This listing looks promising.

Here's a quick look at some key insights for

105 Yellowstone Avenue, Billings, MT 59101

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Est. Cap Rate

9.1%
Above avg (5.9%)
Est. NOI

$45K
Annual
Price @ 7% Cap

$642K
Above asking
Property Type

Garden Apt, Court Apt
Built 1910

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Updated: Jul 1

Six-Plex Apartment Building Under Construction

4633 King Avenue W, Billings, MT 59106

$1,990,000

7,864 sqft 1.84 AC lot

Built in 2024 with modular prefab construction, under construction six‑plex apartment building
Unit mix: two 2 bed/1 bath, two 2 bed/2 bath, two 3 bed/2.5 bath units
20 of 24 total units currently leased; four identical six‑plex buildings available
1.841‑acre lot with 7,864 SF building size
Forced‑air natural gas heating with central air cooling

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5-Unit Apartment Building with Corner Lot

405 Roxy Lane, Billings, MT 59105

$810,000

5,600 sqft 0.28 AC lot

Corner-lot 5-unit apartment building with public water and sewer and electric baseboard heat.

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Furnished Sober Living Multifamily Home

3320 Ravalli Pl, Billings, MT 59102

$500,000

5,144 sqft 0.21 AC lot

Operating sober living home with 8 bedrooms, two full kitchens, separate entrances, and 100% furnished ready for use.

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Stabilized 16-Unit Apartment Investment

1447 Flathead St, Billings, MT 59105

$3,167,350

13,324 sqft

Fully occupied 16-unit multifamily property featuring all 1-bedroom units with tenant-paid electric utilities.

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24-Unit Brick Multifamily Building

420 Lordwith Drive, Billings, MT 59102

$5,450,000

23,760 sqft 0.55 AC lot

24-unit multifamily building with central air and public utilities, fully occupied with a waitlist and an approved condo conversion.

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2022-Renovated Fourplex and Two Houses

206-210 N 18th Street, Billings, MT 59101

$774,000

3,362 sqft 0.16 AC lot

Completely renovated 2022 fourplex plus two houses on two lots, with stone/granite counters in five units.

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Eight-Unit Two-Story Multifamily

420 Lordwith Drive Building C, Billings, MT 59102

$1,711,340

7,920 sqft

Brick building with eight 2BR/1BA units, 100% occupied, and condo conversion approved, including four renovated units.

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Mixed-Use Development Opportunity in Billings

100 W Wicks, Billings, MT 59105

$1,900,000

6,156 sqft 2.44 AC lot

Prime commercial property with development potential in a growing area.

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Multifamily Investment Opportunity in Billings

1920 Old Hardin Rd, Billings, MT 59101

$1,850,000

9,016 sqft

Two buildings, 13 units, potential for rent increases.

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Eco-Friendly Multifamily Property in Billings

2605 Minnesota Avenue, Billings, MT 59101

$1,800,000

12,720 sqft

Professionally designed, eco-friendly apartments with potential for additional revenue.

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Stabilized Multifamily Investment Opportunity

1439 & 1447 Flathead St, Billings, MT 59105

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13,324 sqft 0.93 AC lot

16-unit apartment complex with garages in established residential area.

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Five-Plex Apartment Building with Garages

105 Yellowstone Avenue, Billings, MT 59101

$495,000

5,310 sqft

Five 2-bedroom, 1-bath units plus seven separately rented garage units are sold as-is by estate.

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West End Multifamily Investment Opportunity

2601 Phyllis Ln, Billings, MT 59102

$9,363,000

Multifamily property in West End, near shopping and businesses.

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Gated 5-Plex Residential Income Property

2708 2nd Ave S, Billings, MT 59101

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3,152 sqft 0.16 AC lot

Well-maintained gated 5-plex with month-to-month units and separate gas and electric meters for each unit.

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Multifamily Property with Corner Access

608 N 30th St, Billings, MT 59101

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Two structures totaling 21 occupied apartments with electric heat, window AC, and coin-op laundry.

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8-Unit Multifamily Apartment Building

211 Washington Street, Billings, MT 59101

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For sale multifamily apartment building offering eight units at 211 Washington Street.

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Multifamily Apartment Building

2520 1st Ave North, Billings, MT 59102

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For-sale multifamily apartment building with 33 units.

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Fourplex with Single-Family Home

3402 5th Ave S, Billings, MT 59101

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Property includes a fourplex with updated units plus a fully rented single-family home on 5th Ave S.

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New Construction Multifamily Property

1010 Wyoming Avenue, Billings, MT 59102

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New construction multifamily asset with 12 units across three buildings, offering 1- and 2-car garages per unit.

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Mixed-Use Development in Billings, MT

62nd and Rimrock Road, Billings, MT 59106

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Premier mixed-use development with retail, office, and residential opportunities.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 21 Active Listings in Billings, MT, we suggest to view alternatives - similar 51 Off-Market properties to explore as potential leads.

Off-Market Properties in Billings, MT

Consider similar Off-Market properties in Billings, MT. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

GARDEN APT, COURT APT (5+ UNITS)

1526 Lk Elmo Dr, Billings, MT 59105-1726

$375,000

Estimated value

6,496 sqft 0.29 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

1203 Broadwater Ave, Billings, MT 59102-5319

$545,000

Estimated value

4,816 sqft 0.59 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

805 Ave C C, Billings, MT 59102-3469

$295,000

Estimated value

2,520 sqft 0.22 AC lot

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Billings, MT Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in Billings, MT, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 121,962 square feet of properties for sale, with an estimated market value of $30,305,690.

Sale prices for two-family homes in Billings, MT start at $495,000, averaging $2,331,206, and reaching up to $9,363,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 145K

Population Growth (5Y) +7.5%

Median Household Income $76,702

College Educated 13.9%

High-Yield Neighborhoods for Investment

Identify Billings submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
59101	$1.1M
59105	$1.5M
59106	$2M
59102	$4.5M

Taxes & Financing

Tax Rate (average for all types) 1.09%

Property Tax per SF $15.06 per SF

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Yellowstone County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Billings fall within the 100,000+ square foot range.

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