109 16th Street W, Billings, MT 59102
MULTI_FAMILY - Ranch - Billings, MT
- Added:
- Jun 9, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 18 at 5:06 am
Property Features for 109 16th Street W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- GasRange
- Standard status
- Active
- APN
- A09511
- Size
- 1,924 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- KEIRLE SUBD 2ND FILING, S05, T01 S, R26 E, BLOCK 4, LOT 21 - 22
- Tax Annual Amount
- 483
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Building materials
- VinylSiding
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Eddy Welch License #RRE-BRO-LIC-135568 (406) 850-3972
Listing office ERA American Real Estate 223 Shiloh Rd., Ste. 8, Billings, MT (406) 259-3977
Listing date Jun 9, 2026
Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Ranch home built in 1956 with 2 bedrooms and 1 full bath on the main floor
- Downstairs has an additional full living space with egress windows, 2 bedrooms, 1 full bath, and a complete kitchen
- Solar roof panels plus central air and forced‑air natural gas heating
- Public water and public sewer; asphalt shingle roof and vinyl siding
- Fenced yard with dog door and access ramp already in place
- Attached heated garage and carports
Overview
The property is described as being in a convenient location close to schools, shopping, restaurants, bowling, and grocery options. The lot size is listed at 0.1377 acres.
For buyers seeking an owner-occupied investment, the arrangement supports living on one level while renting the other. Alternatively, it may suit buyers looking for a larger single-family-style layout with two full kitchens and dedicated sleeping and bathroom space on both levels. The presence of egress windows on the lower level adds clarity to the functional livability of the downstairs unit.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $25.1k | $13.04 |
| − OpEx | −$7.5k | −$3.91 |
| NOI | $17.6k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.556093
- Latitude
- 45.771792
