Ranch-Style Side-by-Side
For Sale
Under Contract
$400,000
130-132 Stillwater Ln, Billings, MT 59105
Residential, Billings, MT
Property Size2,368 SF
Lot Size0.30 Acres
Price / SF$168.92
Days on Market80
Property Features for 130-132 Stillwater Ln
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
N2 - Mid-Century Neighborhood Residential
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 4
Patio and Porch features
Patio, Deck
Exterior features
Fence
Fencing
Fenced
Subdivision
Happy Hollow
Lot features
Interior Lot, Landscaped
Elementary school
Bench
Middle school
Medicine Crow
High school
Skyview
Standard status
Active Under Contract
APN
C00419B
Size
2,368 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
HAPPY HOLLOW SUBD, S15, T01 N, R26 E, BLOCK 11, Lot 12, AMD
Tax Annual Amount
2455
Legal Description
HAPPY HOLLOW SUBD, S15, T01 N, R26 E, BLOCK 11, Lot 12, AMD
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Amenities
attached garage
spacious patios
generous backyard space
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
Real Estate Hub LLLP
(406) 206-4886
Listed By:
Heather Kavran · License #RRE-BRO-LIC-32411
(406) 671-6690
Added: Jul 18
Changed: Sep 15
Last Checked: Oct 5 at 12:06PM
MLS# 359354
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.
Investment Insights
Based on property information with market context.
This ranch-style duplex contains 2368 square feet across two side-by-side units, with six bedrooms and four bathrooms. Recent work includes a newer asphalt roof, fresh paint, and updated flooring. Brick construction, electric baseboard heat, fenced outdoor areas, patios, decks, and an attached garage add practical features for residential use.
The property sits on a 0.2996-acre lot at 130-132 Stillwater Ln in Billings, Montana, with open space behind the site. Additional parking is available in the driveway and along the street. Public water and public sewer serve the property, which was built in 1977.
The property sits on a 0.2996-acre lot at 130-132 Stillwater Ln in Billings, Montana, with open space behind the site. Additional parking is available in the driveway and along the street. Public water and public sewer serve the property, which was built in 1977.
Key Highlights
- 2368‑square‑foot side‑by‑side duplex
- 0.2996‑acre fenced lot with open space behind
- Six bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,617
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,340
$432.3K
Cap Rate 7%
$308,814
$308.8K
Cap Rate 9%
$240,189
$240.2K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$32.7K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$30.9K $13.04/SF
− OpEx
−$9.3K −$3.91/SF
NOI
$21.6K $9.13/SF
Area
Billings, MT
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,340
Cap Rate 7%
$308,814
Cap Rate 9%
$240,189
Alternative Uses
Best Use
Multifamily LT 5
$308.8K
$270.2K – $360.3K
NOI $21,617 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$286.3K
$250.6K – $334.1K
NOI $20,044 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$516.7K
$452.1K – $602.8K
NOI $36,168 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Explore this area
Business Placement
Demographics for 59105, MT
33,310
Population
14,198
Households
2.3
Avg Household Size
37
Median Age
30%
College-Educated
96%
High-School Grad
95.9 sq mi
ZIP Area
347
Density / Sq Mi
$74,572
Median Household Income
$44,359
Median Earnings
$1,261
Median Rent
$314,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two connected units offer updated finishes, private outdoor areas, and attached garage access.
Where is this duplex located?
The property is located at 130-132 Stillwater Ln Billings, MT.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2368‑square‑foot side‑by‑side duplex; 0.2996‑acre fenced lot with open space behind; Six bedrooms and four bathrooms
