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Well-Maintained Duplex with Rental History

130-132 Stillwater Ln Billings, MT 59105

Claim this Listing
For Sale
$400,000

Ranch-style duplex on a large lot with recent improvements.

Type:Duplex
Property size:
2,368 SF
Price / SF:
$168/SF
Added:
May 26, 2026
Days on Market:
48
Last Refresh:
May 26 at 12:15 am

Property Features for 130-132 Stillwater Ln

General Information

Standard status
Active
Size
2,368 SF
Property subtype
Duplex

Building Details

Year Built
1977

Listing office Real Estate Hub LLLP

Listing date May 26, 2026

Source Clearwaterproperties

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 Real Estate Hub LLLP


Investment Insights

Based on property information with market context.

This well-maintained ranch-style side-by-side duplex features a proven rental history. Situated on a large lot in a quiet Billings location, the property includes open space behind it, adding privacy and a peaceful setting. Recent improvements include a newer roof, paint, and flooring. The property also features an attached garage, extra driveway parking, street parking, spacious patios, and a generous backyard space. With a property size of 2368 square feet, this duplex is suitable for investors or owner-occupants seeking income potential. It presents an opportunity to expand an investment portfolio or offset living expenses with rental income.

Key Highlights

  • Proven rental history makes this an ideal investment property or for owner‑occupants seeking income.
  • Recent improvements include a newer roof, paint, and flooring.
  • Large lot in a quiet location with open space behind for added privacy.

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 $32.7k $13.80
− Vacancy −$1.8k −$0.76
EGI $30.9k $13.04
− OpEx −$9.3k −$3.91
NOI $21.6k $9.13
2,368 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$308.8K
$270.2K – $360.3K (±1% cap)
NOI $21,617 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$286.3K
$250.6K – $334.1K (±1% cap)
NOI $20,044 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$516.7K
$452.1K – $602.8K (±1% cap)
NOI $36,168 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Restaurant Daycare Center Grocery & Convenience Store Garden Center Plumbing Service

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

FAQs

What type of property is this?
Duplex - Ranch-style duplex on a large lot with recent improvements.
Where is this duplex located?
The property is located at 130-132 Stillwater Ln Billings, MT.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Proven rental history makes this an ideal investment property or for owner‑occupants seeking income.; Recent improvements include a newer roof, paint, and flooring.; Large lot in a quiet location with open space behind for added privacy.
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