Two-Home Residential Income
4640 Ruth Avenue Billings, MT 59101
New
4640 Ruth Avenue, Billings, MT, 59101
$320,000
For Sale
$320,000
MULTI_FAMILY - Billings, MT
Property Size1,831 SF
Lot Size0.19 Acres
Price / SF$174.77
Days on Market5
Property Features for 4640 Ruth Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4
- Parking
- 2
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- A17388
- Size
- 1,831 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- VORK SUBD, S09, T01 S, R26 E, Lot 11
- Tax Annual Amount
- 2442
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame, VinylSiding
- Roof type
- Asphalt, Shingle
Listing Agency
Metro, REALTORS L.L.P
(406) 245-9300
2029 Grand Avenue, Billings, MT
Listed by
Polly Kovash · License #RRE-BRO-LIC-4133
(406) 591-5555
Added: Jul 15 Checked: Jul 19 at 6:06 am
MLS# 359221
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.
Investment Insights
Based on property information with market context.
This property offers two separate homes on one lot, providing options for rental income or multi-generational living. The front home includes recent updates such as fresh paint and a new bathroom, along with a living room featuring a bright picture window, hardwood floors, and a built-in cabinet. The attached garage has a laundry area at the back and a partially finished attic for storage. The kitchen offers room for a table, and there is a shed in the back suitable for lawn equipment or additional storage. The second home is a 2-bedroom, 1-bath residence.
The second home is accessed through the alley. The remarks indicate the location is convenient to nearby school and shopping, with a sports center a few blocks away. The yard will be mowed soon, with a temporary delay attributed to recent weather and landscaping schedules.
For tenants, this configuration can support separate households, while owners may benefit from having two distinct dwelling units in a single offering. The front home’s recent updates and the presence of laundry and storage features may appeal to occupants seeking turn-key readiness, and the second home’s alley access supports practical privacy and separation between the two residences.
The second home is accessed through the alley. The remarks indicate the location is convenient to nearby school and shopping, with a sports center a few blocks away. The yard will be mowed soon, with a temporary delay attributed to recent weather and landscaping schedules.
For tenants, this configuration can support separate households, while owners may benefit from having two distinct dwelling units in a single offering. The front home’s recent updates and the presence of laundry and storage features may appeal to occupants seeking turn-key readiness, and the second home’s alley access supports practical privacy and separation between the two residences.
Key Highlights
- Two homes, one price: front house plus a separate 2‑bedroom, 1‑bath home accessible through the alley.
- Front house has many recent updates, including fresh paint and a new bathroom.
- Front living room features a bright picture window, hardwood floors, and a built‑in cabinet for character and storage.
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 | $25.3k | $13.80 |
| − Vacancy | −$1.4k | −$0.76 |
| EGI | $23.9k | $13.04 |
| − OpEx | −$7.2k | −$3.91 |
| NOI | $16.7k | $9.13 |
1,831 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$238.8K
$208.9K – $278.6K
NOI $16,715 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$221.4K
$193.7K – $258.3K
NOI $15,498 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$399.5K
$349.6K – $466.1K
NOI $27,966 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Baseboard Construction
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A two-home setup with an updated front house and a second rental accessible via alley for flexible occupancy options.
Where is this duplex located?
The property is located at 4640 Ruth Avenue Billings, MT.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two homes, one price: front house plus a separate 2‑bedroom, 1‑bath home accessible through the alley.; Front house has many recent updates, including fresh paint and a new bathroom.; Front living room features a bright picture window, hardwood floors, and a built‑in cabinet for character and storage.
