Front-to-Back Duplex with
For Sale
Under Contract
$319,900
334 & 334 1/2 Yellowstone Avenue, Billings, MT 59101
MULTI_FAMILY - Ranch - Billings, MT
Property Size2,014 SF
Lot Size0.16 Acres
Price / SF$158.84
Days on Market18
Property Features for 334 & 334 1/2 Yellowstone Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential 6000
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Parking
2
Exterior features
Fence, SprinklerIrrigation, Storage
Fencing
Fenced
Subdivision
West Side
Lot features
Interior Lot, Landscaped, Level, Trees, Sprinklers In Ground
Elementary school
Broadview
Middle school
Lewis and Clark
High school
Senior High
Standard status
Active Under Contract
APN
A18220
Size
2,014 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
WEST SIDE SUBD, S04, T01 S, R26 E, BLOCK 27, Lot 30 - 31
Tax Annual Amount
1650
Legal Description
WEST SIDE SUBD, S04, T01 S, R26 E, BLOCK 27, Lot 30 - 31
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1910
Floors in Building
1
Number of units
2
Building materials
Asbestos, WoodSiding
Roof type
Asphalt, Shingle
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
Western Skies Real Estate
(406) 591-5889
Listed By:
Kimberly Ehrlich · License #RRE-RBS-LIC-70881
(406) 794-8660
Added: Jul 14
Changed: Jul 28
Last Checked: Jul 31 at 7:06AM
MLS# 356461
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 front-to-back duplex includes a front unit and a back apartment. The front unit features 2 bedrooms, 1 bathroom, plus a bonus room, with laundry located in the basement. The back apartment has a private feel with its own entry, along with new carpet and paint, a remodeled bathroom, and updated kitchen countertop surfaces. Exterior improvements include new exterior paint, a freshly painted deck, improved landscaping, and mature trees.
Located at 334 & 334 1/2 Yellowstone Avenue in Billings, Montana 59101, the property is set on a small lot and configured to support comfortable separation between tenants. Each tenant has their own porch and dedicated space, and the property also offers plenty of garage space.
The layout is practical for an investor seeking two well-defined rental units, or for an owner who wants to live in one apartment and rent the other. With multiple interior updates, cleanly separated entries and porches, and an emphasis on garage storage, the property is positioned to appeal to tenants who value straightforward, functional living arrangements.
Located at 334 & 334 1/2 Yellowstone Avenue in Billings, Montana 59101, the property is set on a small lot and configured to support comfortable separation between tenants. Each tenant has their own porch and dedicated space, and the property also offers plenty of garage space.
The layout is practical for an investor seeking two well-defined rental units, or for an owner who wants to live in one apartment and rent the other. With multiple interior updates, cleanly separated entries and porches, and an emphasis on garage storage, the property is positioned to appeal to tenants who value straightforward, functional living arrangements.
Key Highlights
- Front‑to‑back duplex with front unit (2 bedrooms, 1 bath) plus a bonus room and basement laundry
- Back apartment with its own entry, newly updated interior including new carpet and paint
- Remodeled bathroom in the back apartment and updated kitchen countertops
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 | $27.8k | $13.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $26.3k | $13.04 |
| − OpEx | −$7.9k | −$3.91 |
| NOI | $18.4k | $9.13 |
2,014 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$262.6K
$229.8K – $306.4K
NOI $18,385 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$243.5K
$213.1K – $284.1K
NOI $17,048 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$439.4K
$384.5K – $512.7K
NOI $30,761 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Explore this area
Business Placement
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Front-to-back duplex in Billings offering two separate apartments, each with a porch and ample garage space.
Where is this duplex located?
The property is located at 334 & 334 1/2 Yellowstone Avenue Billings, MT.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Front‑to‑back duplex with front unit (2 bedrooms, 1 bath) plus a bonus room and basement laundry; Back apartment with its own entry, newly updated interior including new carpet and paint; Remodeled bathroom in the back apartment and updated kitchen countertops
