1045 Central Avenue Billings, MT 59102
SINGLE_FAMILY - Billings, MT
- Added:
- Jul 10, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 14 at 2:06 am
Property Features for 1045 Central Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- A20306
- Size
- 2,417 SF
- Lot size
- 0.67 Acres
Taxes and HOA fees
- Tax Description
- MOORBERG SUBD, S05, T01 S, R26 E, BLOCK 1, Lot 1, S124' & Lot 2, & N16' LT 1
- Tax Annual Amount
- 4325
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1943
- Floors in Building
- 1
- Building materials
- Brick, WoodSiding
- Roof type
- Asphalt
Listing agent Laura Scheetz License #RRE-BRO-LIC-11390 (406) 591-5556
Listing office Real Estate Hub LLLP 27 Shiloh Rd, Suite #3, billings, MT (406) 206-4886
Listing date Jul 10, 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.
Investment Insights
Based on property information with market context.
The property is located in Billings, Montana, in Yellowstone County, at 1045 Central Avenue (including 1045 1/2 Central Ave). The listing notes heavy commercial zoning, and the seller is open to a zone change if needed for the buyer.
Key Highlights
- Sale includes 1045 Central Ave and 1045 1/2 Central Ave for flexible owner‑occupant and rental use
- Front unit offers 2,417 sq ft (including attic space) plus a garage/shop of approx. 1,070 sq ft (not including attic space)
- Back unit has approx. 1,084 sq ft and can be used in combination with the front building
Local Financial Insights For Office B
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 | $42.1k | $17.40 |
| − Vacancy | −$6.7k | −$2.78 |
| EGI | $35.3k | $14.62 |
| − OpEx | −$8.8k | −$3.65 |
| NOI | $26.5k | $10.96 |
