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    110-124 N 24Th St Billings, MT 59101

    For Sale
    $3,950,000

    54-unit apartment building in the heart of downtown Billings.

    Property size:
    36,480 SF

    Property Features for 110-124 N 24Th St

    General Information

    Size
    36,480 SF

    Source: Matt Robertson, SIOR Agent Matt Robertson, SIOR

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

    Overview

    Downtown Billings Apartment Building

    Located in downtown Billings on North 24th Street, this apartment building features 54 units, including one-bedroom, one-bedroom deluxe, studio, and micro-studio apartments. The building has a total size of 36,480 square feet and is situated on a 28,000-square-foot lot. The property offers a common laundry facility with electronic pay for tenants. The units are heated by gas, and tenants are responsible for setting up their electricity. A utility charge covers gas, water, sewer, and trash services. The unit mix includes 31 one-bedroom units, 9 one-bedroom deluxe units, 12 studio units, and 2 micro-studio units. The property is located east of downtown Billings.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Billings
    County
    Yellowstone
    State
    Montana
    Longitude
    -108.5013491
    Latitude
    45.7847442

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    FAQs

    What type of property is this?
    Apartment building - 54-unit apartment building in the heart of downtown Billings.
    Where is this apartment building located?
    The property is located at 110-124 N 24Th St Billings, MT.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: - High CAP Rate: 7.12% CAP Rate indicates strong investment potential.; - Prime Downtown Location: Situated in the heart of downtown Billings on North 24th Street.; - Significant Building Size: Large building size of 36,480 square feet.
    (406) 671-1158
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    110-124 N 24Th St 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
    110-124 N 24Th St Billings, MT 59101
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