4131 Buchanan Avenue, Billings, MT 59101
MULTI_FAMILY - Billings, MT
- Added:
- Jun 9, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 15 at 12:06 pm
Property Features for 4131 Buchanan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
- Standard status
- Active
- APN
- A06926
- Size
- 1,996 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- FAIRVIEW SUBD, S09, T01 S, R26 E, BLOCK 1, Lot 15 - 16
- Tax Annual Amount
- 1426
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1939
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Asphalt
Listing agent Truthe West License #RRE-BRO-LIC-127028 (406) 200-4182
Listing office Keller Williams Yellowstone Properties 80 25th St. W Ste. 1, Billings, MT (406) 655-0005
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
- 1939‑built property with public water and public sewer
- Three fully‑rented units on one property: front 3BD/1BA home and back duplex with two 1BD/1BA units
- Three brand‑new roofs and recent plumbing updates in the duplex
- Each unit has its own designated parking space
- Units share a spacious, private courtyard area
- Seller offering the property as‑is
Overview
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 | $27.5k | $13.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $26.0k | $13.04 |
| − OpEx | −$7.8k | −$3.91 |
| NOI | $18.2k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.516677
- Latitude
- 45.769219
