Up-Down Duplex with Alley
1127 Harvard Avenue Billings, MT 59102
New
1127 Harvard Avenue, Billings, MT, 59102
$389,900
For Sale
$389,900
MULTI_FAMILY - Ranch - Billings, MT
Property Size2,108 SF
Lot Size0.16 Acres
Price / SF$184.96
Days on Market2
Property Features for 1127 Harvard Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Standard status
- Active
- APN
- A05251
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- College Subd 2nd Filing, S31, T01N, R26E, Block 7, Lot 14-15
- Tax Annual Amount
- 2102
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Masonite
- Architectural style
- Ranch
Listing Agency
Montana Real Estate Brokers
(406) 869-2000
2050 Broadwater Ave., Ste B, Billings, MT
Listed by
Chris Dunn · License #RRE-RBS-LIC-13083
(406) 698-3531
Added: Jul 17 Checked: Jul 18 at 7:06 pm
MLS# 360732
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 up/down duplex offers a practical ranch-style layout with two separate 2-bedroom, 1-bath units. The main level includes a living room and dining area, a kitchen with pantry space, and access to exterior areas and the basement. The lower unit provides a living room and kitchen/dining combination, along with functional bedroom and bath space. A shared laundry room supports both units, and the property includes exterior access plus a covered back patio.
The duplex is situated on a lot with partial fencing and convenient alley access for parking. Off-street parking is available, along with a single detached garage to support tenant storage and daily needs.
Each unit is configured as its own living space, making the property well suited for a flexible rental setup or an owner-occupant arrangement, with shared laundry as a common amenity.
The duplex is situated on a lot with partial fencing and convenient alley access for parking. Off-street parking is available, along with a single detached garage to support tenant storage and daily needs.
Each unit is configured as its own living space, making the property well suited for a flexible rental setup or an owner-occupant arrangement, with shared laundry as a common amenity.
Key Highlights
- Up/down duplex with ranch‑style layout and two 2BD/1BA units
- Approx. 2,108 total SF: 1,054 SF main level and 1,054 SF lower unit
- On a 7,000 SF lot with partial fencing and a covered back patio
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 | $29.1k | $13.80 |
| − Vacancy | −$1.6k | −$0.76 |
| EGI | $27.5k | $13.04 |
| − OpEx | −$8.2k | −$3.91 |
| NOI | $19.2k | $9.13 |
2,108 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.9K
$240.5K – $320.7K
NOI $19,243 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$254.9K
$223.0K – $297.4K
NOI $17,843 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$460.0K
$402.5K – $536.6K
NOI $32,197 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Ranch-style up/down duplex features two 2-bedroom units, shared laundry, alley access, off-street parking, patio, and a detached garage.
Where is this duplex located?
The property is located at 1127 Harvard Avenue Billings, MT.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Up/down duplex with ranch‑style layout and two 2BD/1BA units; Approx. 2,108 total SF: 1,054 SF main level and 1,054 SF lower unit; On a 7,000 SF lot with partial fencing and a covered back patio
