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    1920 Old Hardin Rd Billings, MT 59101

    For Sale
    $1,995,000

    Two buildings with 13 units, new construction and remodeled.

    Property size:
    13,880 SF

    Property Features for 1920 Old Hardin Rd

    General Information

    Size
    13,880 SF

    Building Details

    Year built
    2024

    Source: Jake Hedge, CCIM Agent Jake Hedge, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Investment Opportunity in Billings

    This multifamily investment opportunity is located in the Billings area. The property includes a new construction 8-plex building, completed in 2024, with 9,016 square feet, and a 5-plex building, constructed in 1973 and remodeled in 2005, with 4,864 square feet. The property totals 13 units. Located on Old Hardin Road near Lockwood IGA, the property is recently stabilized and offers potential for rent increases as move-in special pricing concludes. The gross potential income is $215,400 with a 7.26% pro forma cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Kitchen & Bath Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.4361569
    Latitude
    45.8029171

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    FAQs

    What type of property is this?
    Apartment building - Two buildings with 13 units, new construction and remodeled.
    Where is this apartment building located?
    The property is located at 1920 Old Hardin Rd Billings, MT.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - Brand new 8-Plex construction (2024) offering modern amenities and appeal.; - High Gross Potential Income of $215,400.; - Stabilized investment with potential for rent increases.
    (406) 696-0395
    Request Owner's contact information
    1920 Old Hardin Rd Billings, MT 59101
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    Billings, MT 59101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1920 Old Hardin Rd Billings, MT 59101
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