Billings, MT Apartment Buildings for Sale

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$825,000

5,600 SF

Billings Heights 5-Plex Investment

405 Roxy Lane, Billings, MT 59105

Five 2-bed units near Lake Elmo with income potential.

5‑Plex Investment Opportunity: Start generating income immediately with five 2‑bed, 1‑bath units.
Strong Income Potential: Current rents range from $1,050-$1,200, with room for future growth.
Desirable Location: Located in Billings Heights near Lake Elmo, close to schools, shopping, and amenities.
Consistent Rental Demand: Each unit is approximately 1,120 sq ft, ensuring consistent tenant interest.
Additional Parking and Storage: Features a corner lot with extra parking and on‑site storage.

Updated: Apr 21

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$495,000

5,310 SF

Victorian Five-Plex in Central Billings

105 Yellowstone Avenue, Billings, MT 59101

Unique investment opportunity: five units, garages, potential single-family conversion.

Five‑plex investment property with potential for conversion to a single‑family dwelling
Five spacious units, each with two bedrooms and one bathroom
Seven individual garage units providing additional rental income
Centrally located
Built in 1910 with Victorian‑style architecture

Updated: Apr 11

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Stabilized Multifamily in Central Billings

$5,450,000

23,760 SF

Stabilized Multifamily in Central Billings

24-unit multifamily property with renovation upside and condo conversion potential.

420 Lordwith Drive, Billings, MT 59102

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$525,000

5,451 SF

Billings Multifamily Income Property

Multi-family property with 8-plex and single-family home in Billings.

3012 and 902 9th Ave S, Billings, MT 59101

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Mixed-Use Development Opportunity in Billings

$1,900,000

6,156 SF

Mixed-Use Development Opportunity in Billings

Prime commercial property with development potential in a growing area.

100 W Wicks, Billings, MT 59105

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Multifamily Investment Opportunity in Billings

$1,850,000

9,016 SF

Multifamily Investment Opportunity in Billings

Two buildings, 13 units, potential for rent increases.

1920 Old Hardin Rd, Billings, MT 59101

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Eco-Friendly Multifamily Property in Billings

$1,800,000

12,720 SF

Eco-Friendly Multifamily Property in Billings

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

2605 Minnesota Avenue, Billings, MT 59101

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Annafeld Multifamily Investment Opportunity

$1,760,000

5,382 SF

Annafeld Multifamily Investment Opportunity

Income-producing apartments in a growing master-planned community.

1624 St. George Blvd & 6165 Farmstead, Billings, MT 59101

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$545,000

0.07 Acres

Live-Work Space with Income Potential

Live/work space with apartments or offices and shop space.

3701 S 56th Units 5 Street W, Billings, MT 59101

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$9,363,000

West End Multifamily Investment Opportunity

Multifamily property in West End, near shopping and businesses.

2601 Phyllis Ln, Billings, MT 59102

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$1,995,000

13,880 SF

Multifamily Investment Opportunity in Billings

Two buildings with 13 units, new construction and remodeled.

1920 Old Hardin Rd, Billings, MT 59101

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$6,317,000

30,762 SF

Mixed-Use Investment in Annafeld

Mixed-use property with retail and residential units in growing community.

1605 Annafeld Parkway E, Billings, MT 59101

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$3,950,000

36,480 SF

Downtown Billings Apartment Building

54-unit apartment building in the heart of downtown Billings.

110-124 N. 24th Street, Billings, MT 59101

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Contact for pricing

Mixed-Use Development in Billings, MT

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

62nd and Rimrock Road, Billings, MT 59106

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Based on your search, we've compiled 334 Potential Opportunities for your consideration. Besides 14 Active listings in Billings, MT, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 312 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Absarokee Hotel Conversion Opportunity

$704,000

6,900 SF

Historic Absarokee Hotel Conversion Opportunity

11-unit property with conversion potential in recreational gateway location.

10 S Woodard Ave, Absarokee, MT 59001

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$1,585,000

Laurel Multifamily Property For Sale

16-unit multifamily property with remodeled and new construction units.

921 E 4th St |, Laurel, MT 59044

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$499,000

Laurel Multifamily Redevelopment Opportunity

Two buildings totaling 59,050 SF on a 90,000 SF lot.

410 Colorado Avenue, Laurel, MT 59044

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$704,000

Historic Absarokee Hotel Conversion Opportunity

11-unit property with conversion potential in Absarokee, Montana.

10 S. Woodard Ave, Absarokee, MT 59001

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Entitled Multifamily Development Opportunity

$3,250,000

0.83 Acres

Entitled Multifamily Development Opportunity

Permitted 50-unit multifamily development with retail space for sale.

403 N River St lot: 403, 417, & 419, Hailey, ID 83333

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Contact for pricing

0.31 Acres

Pahrump Land Investment Opportunity

0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

2001 Casino Street, Pahrump, NV 89048

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Lancaster Corner Lot Investment Opportunity

$350,000

7,509.00 Acres

Lancaster Corner Lot Investment Opportunity

0.17-acre corner lot in Lancaster with development potential.

0 Newgrove Street, Lancaster, CA 93534

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$285,000

0.74 Acres

Norman Land For Luxury Condos

Prime Norman land suitable for luxury condos development.

801 NW 36th Avenue, Norman, OK 73072

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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.

1526 Lk Elmo Dr

GARDEN APT, COURT APT (5+ UNITS) • 6,496 SF

Value Estimation by Request

1526 Lk Elmo Dr, Billings, MT 59105-1726

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1203 Broadwater Ave

GARDEN APT, COURT APT (5+ UNITS) • 4,816 SF

Value Estimation by Request

1203 Broadwater Ave, Billings, MT 59102-5319

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805 Ave C C

GARDEN APT, COURT APT (5+ UNITS) • 2,520 SF

Value Estimation by Request

805 Ave C C, Billings, MT 59102-3469

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1112 Miles Ave

GARDEN APT, COURT APT (5+ UNITS) • 3,702 SF

Value Estimation by Request

1112 Miles Ave, Billings, MT 59102-5553

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940 Ave B B

GARDEN APT, COURT APT (5+ UNITS) • 3,398 SF

Value Estimation by Request

940 Ave B B, Billings, MT 59102-3358

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4215 Montana Sapphire Dr

GARDEN APT, COURT APT (5+ UNITS) • 140,004 SF

Value Estimation by Request

4215 Montana Sapphire Dr, Billings, MT 59106-2565

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3011 Boulder Ave

GARDEN APT, COURT APT (5+ UNITS) • 8,144 SF

Value Estimation by Request

3011 Boulder Ave, Billings, MT 59102-2021

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1601 Virginia Ln

GARDEN APT, COURT APT (5+ UNITS) • 5,188 SF

Value Estimation by Request

1601 Virginia Ln, Billings, MT 59102-3650

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828 Grand Ave

GARDEN APT, COURT APT (5+ UNITS) • 6,246 SF

Value Estimation by Request

828 Grand Ave, Billings, MT 59102

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241 Westchester S Sq

GARDEN APT, COURT APT (5+ UNITS) • 5,276 SF

Value Estimation by Request

241 Westchester S Sq, Billings, MT 59105-1635

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Billings, MT Apartment Buildings Investment Opportunities Market Analysis

Explore 326 apartment buildings for sale in Billings, MT, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 154,517 square feet of properties for sale, with an estimated market value of $26,867,000.

Sale prices for two-family homes in Billings, MT start at $495,000, averaging $2,442,454, and reaching up to $6,317,000 — 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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Property Size Breakdown

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

Demographics Overview

Population 145K

Population Growth (5Y) +7.5%

Median Household Income $76,702

College Educated 13.9%

High-Yield Neighborhoods for Strategic Investment

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

Neighborhood	Average Price
59105	$1.4M
59101	$2.1M
59102	$7.4M

Taxes & Financing

Tax Rate (average for all types) 1.09%

Property Tax per SF $15.06 per sq ft

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

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Billings, MT Apartment Buildings for Sale

Billings Heights 5-Plex Investment

Five 2-bed units near Lake Elmo with income potential.

Victorian Five-Plex in Central Billings

Unique investment opportunity: five units, garages, potential single-family conversion.

Stabilized Multifamily in Central Billings

Billings Multifamily Income Property

Mixed-Use Development Opportunity in Billings

Multifamily Investment Opportunity in Billings

Eco-Friendly Multifamily Property in Billings

Annafeld Multifamily Investment Opportunity

Live-Work Space with Income Potential

West End Multifamily Investment Opportunity

Multifamily Investment Opportunity in Billings

Mixed-Use Investment in Annafeld

Downtown Billings Apartment Building

Mixed-Use Development in Billings, MT

Opportunities in Nearby Cities

Historic Absarokee Hotel Conversion Opportunity

Laurel Multifamily Property For Sale

Laurel Multifamily Redevelopment Opportunity

Historic Absarokee Hotel Conversion Opportunity

Potential Development Sites for Consideration

Entitled Multifamily Development Opportunity

Pahrump Land Investment Opportunity

Lancaster Corner Lot Investment Opportunity

Norman Land For Luxury Condos

Off-Market Properties in Billings, MT

1526 Lk Elmo Dr

1203 Broadwater Ave

805 Ave C C

1112 Miles Ave

940 Ave B B

4215 Montana Sapphire Dr

3011 Boulder Ave

1601 Virginia Ln

828 Grand Ave

241 Westchester S Sq

Billings, MT Apartment Buildings Investment Opportunities Market Analysis

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Strategic Investment

Taxes & Financing

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