Duplex With Detached
For Sale
$295,000
1112 Sunnyside Lane, Billings, MT 59101
Two separate living areas include private kitchens, bedrooms, bathrooms, shared laundry, and outdoor space.
Property Size1,456 SF
Lot Size0.15 Acres
Price / SF$202.61
Days on Market29
Property Features for 1112 Sunnyside Lane
General Information
Standard status
Active
Size
1,456 SF
Lot size
0.15 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,680
Amenities
shared laundry area
partially screened-in porch area
fenced back portion of the lot
Building Details
Year Built
1938
Stories
2
Listing Agency:
Montana Real Estate Brokers
(406) 698-3531
Listed By:
Chris Dunn · License #RRE-RBS-LIC-13083
(406) 698-3531
Source:
Careychapman
Added: Jul 14
Changed: Aug 2
Last Checked: Aug 10 at 10:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Montana Real Estate Brokers
Investment Insights
Based on property information with market context.
Built in 1938, this 1,456-square-foot duplex is arranged as two distinct living areas. The main floor contains a living room, kitchen and dining area, one bedroom, and one full bathroom. The lower level adds a second living room, kitchen area, two bedrooms, and another bathroom, creating a three-bedroom, two-bathroom configuration across the property.
The 6,549-square-foot lot includes a double detached garage, shared laundry area, partially screened porch, and a fenced rear portion. The property is located at 1112 Sunnyside Lane in Billings, Montana.
The 6,549-square-foot lot includes a double detached garage, shared laundry area, partially screened porch, and a fenced rear portion. The property is located at 1112 Sunnyside Lane in Billings, Montana.
Key Highlights
- 1,456 sq. ft. duplex built in 1938
- Main level has one bedroom, one bath, living room, and kitchen/dining area
- Lower level includes two bedrooms, one bath, living room, and kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$265,820
$265.8K
Cap Rate 7%
$189,871
$189.9K
Cap Rate 9%
$147,678
$147.7K
Market Conditions
NOI Build-Up for 1,456 SF
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.
Gross rent
$20.1K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.0K $13.04/SF
− OpEx
−$5.7K −$3.91/SF
NOI
$13.3K $9.13/SF
Area
Billings, MT
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$265,820
Cap Rate 7%
$189,871
Cap Rate 9%
$147,678
Alternative Uses
Best Use
Multifamily LT 5
$189.9K
$166.1K – $221.5K
NOI $13,291 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$176.1K
$154.1K – $205.4K
NOI $12,324 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$317.7K
$278.0K – $370.6K
NOI $22,238 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,236
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 - Two separate living areas include private kitchens, bedrooms, bathrooms, shared laundry, and outdoor space.
Where is this duplex located?
The property is located at 1112 Sunnyside Lane Billings, MT.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,456 sq. ft. duplex built in 1938; Main level has one bedroom, one bath, living room, and kitchen/dining area; Lower level includes two bedrooms, one bath, living room, and kitchen area
