Side-by-Side Duplex
947 Howard Avenue Billings, MT 59101
947 Howard Avenue, Billings, MT, 59101
$224,900
For Sale
$224,900
MULTI_FAMILY - Billings, MT
Property Size1,292 SF
Lot Size0.16 Acres
Price / SF$174.07
Days on Market47
Property Features for 947 Howard Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- A03567
- Size
- 1,292 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- BROADWATER SUBD, S05, T01 S, R26 E, BLOCK 15, Lot 22 - 23
- Tax Annual Amount
- 1347
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1947
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Stucco
- Roof type
- Membrane
Listing Agency
Real Estate Hub LLLP
(406) 206-4886
27 Shiloh Rd, Suite #3, billings, MT
Listed by
Cassie Smart · License #RRE-BRO-LIC-61253
(406) 939-1819
Added: Jun 3 Checked: Jul 19 at 6:06 am
MLS# 359784
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 side-by-side duplex provides two separate residential units, each with 1 bedroom and 1 bathroom. The property sits on a corner lot and includes partial fencing. Recent updates include newer exterior paint, and on-site laundry is shared with a coin-operated washer. Photos in the listing include the exterior and the front unit only.
Located in Billings, close to downtown and west end amenities, the corner-lot setting supports straightforward access and visibility from adjacent roads. The shared laundry setup is positioned to serve both units, helping maintain day-to-day convenience for occupants.
For investors or buyers seeking rental income, the duplex configuration offers flexibility through two independently leased units. With a noted history of strong rentals and the stated potential for more, this property may fit an operator looking to maintain current performance while continuing to refine the tenant experience. Partial fencing and the existing shared laundry arrangement add practical value for residential renters.
Located in Billings, close to downtown and west end amenities, the corner-lot setting supports straightforward access and visibility from adjacent roads. The shared laundry setup is positioned to serve both units, helping maintain day-to-day convenience for occupants.
For investors or buyers seeking rental income, the duplex configuration offers flexibility through two independently leased units. With a noted history of strong rentals and the stated potential for more, this property may fit an operator looking to maintain current performance while continuing to refine the tenant experience. Partial fencing and the existing shared laundry arrangement add practical value for residential renters.
Key Highlights
- Side‑by‑side duplex on a corner lot with 2 separate units (1 bed, 1 bath each)
- Year built 1947 with stucco exterior and a membrane roof
- Utilities include public water and public sewer; natural gas forced‑air heating
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 | $17.8k | $13.80 |
| − Vacancy | −$981 | −$0.76 |
| EGI | $16.8k | $13.04 |
| − OpEx | −$5.1k | −$3.91 |
| NOI | $11.8k | $9.13 |
1,292 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$168.5K
$147.4K – $196.6K
NOI $11,794 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$156.2K
$136.7K – $182.3K
NOI $10,936 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$281.9K
$246.7K – $328.9K
NOI $19,733 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Corner-lot duplex offers two separate 1 bed, 1 bath units with shared coin-op laundry.
Where is this duplex located?
The property is located at 947 Howard Avenue Billings, MT.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Side‑by‑side duplex on a corner lot with 2 separate units (1 bed, 1 bath each); Year built 1947 with stucco exterior and a membrane roof; Utilities include public water and public sewer; natural gas forced‑air heating
