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Two-Unit Rental Property with Mobile

242 Hemlock Drive, Billings, MT 59101

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For Sale

$225,000

MULTI_FAMILY - Billings, MT

Lot size:

0.24 Acres

HighLights

Cash‑flow rental property in Lockwood with approximately 8.4% cap rate (per public remarks)
Two‑rental‑house setup: a 2 bed, 1 bath house and a 1 bed, 1 bath mobile, both currently rented
Year built: 1958
Heating: natural gas with forced air
Water source: public
Sewer: septic tank

We can help!

Contact an agent

Shawn Johnston

For Sale

$225,000

MULTI_FAMILY - Billings, MT

Lot size:

0.24 Acres

Added:: Jun 26, 2026
Days on Market:: 2
Last Refresh:: Jun 27 at 5:06 pm

Property Features for 242 Hemlock Drive

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Rooms: Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1
Standard status: Active
APN: C04629
Lot size: 0.24 Acres

Taxes and HOA fees

Tax Description: HILLNER SUBD, S25, T01 N, R26 E, Lot 34, N82 FT LT 34 S25, T01 N, R26 E, SERIAL S3318, TITLE # M629772, MAKE BENDIX, YEAR 1974, SIZE 12X48, @ C04629
Tax Annual Amount: 2022

Utilities

Sewer type: Septic Tank
Heating system: Forced Air, Natural Gas
Water source: Public

Building Details

Year built: 1958
Floors in Building: 1
Number of units: 2

We can help!

Contact an agent

Shawn Johnston

Listing agent Shawn Johnston License #RRE-BRO-LIC-98527

Listing office Keller Williams Yellowstone Properties 80 25th St. W Ste. 1, Billings, MT

Listing date Jun 26, 2026

MLS# 360131 Listing URL

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

Cash‑flow rental property in Lockwood with approximately 8.4% cap rate (per public remarks)
Two‑rental‑house setup: a 2 bed, 1 bath house and a 1 bed, 1 bath mobile, both currently rented
Year built: 1958
Heating: natural gas with forced air
Water source: public
Sewer: septic tank

Overview

This property is a two-unit residential income setup offering a 2-bedroom, 1-bath house and a 1-bedroom, 1-bath mobile home. Both units are currently rented, and the existing tenants are reportedly interested in remaining. The configuration provides separate living spaces under one ownership, suited to buyers seeking a simple, owner-managed or portfolio add-on rental arrangement.

Located at 242 Hemlock Drive in Billings, with the listing remarks describing the homes as situated on a secluded street in the Lockwood area. The site sits on a lot of approximately 0.2447 acres, creating a compact, manageable footprint for the rental homes.

For tenants and operators, the property offers two compact, independently functioning residences: a larger 2-bedroom unit and a 1-bedroom mobile home. With current occupancy in place and tenant retention indicated, the asset may appeal to buyers looking for an immediate rental position without requiring unit turnover to begin collecting rent.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Billings
County: Yellowstone
State: Montana
Longitude: -108.427506
Latitude: 45.803219

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For sale
Duplexes
MT
Billings
59101
242 Hemlock Drive

What type of property is this?

Duplex - Two income-producing rentals are already occupied, offering a straightforward setup with a 2-bedroom house and 1-bedroom mobile.

Where is this duplex located?

The property is located at 242 Hemlock Drive Billings, MT.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: Cash‑flow rental property in Lockwood with approximately 8.4% cap rate (per public remarks); Two‑rental‑house setup: a 2 bed, 1 bath house and a 1 bed, 1 bath mobile, both currently rented; Year built: 1958

242 Hemlock Drive, Billings, MT 59101

MULTI_FAMILY - Billings, MT

Property Features for 242 Hemlock Drive

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Residential Income Property With Three Kitchens

Remodeled Duplex Investment Opportunity

Five-Unit Apartment Building

Billings Grow Facility with Shop

Mixed-Use Property in Billings, MT

Remodeled 7-Plex Investment Property

Westend Industrial Condo/Flex Space

Prime Office/Flex Space Opportunity

2022-Renovated Fourplex and Two Houses

West End Billings Business Opportunity

Six-Unit Residential Income Building

Two-Home Residential Income Property

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