Remodeled Duplex
1322 Babcock Circle #24 Billings, MT 59105
New
For Sale
$550,000
A split-level duplex with remodeled interiors, private fenced backyards, and leases in place through July.
Property Size3,276 SF
Price / SF$167.89
Days on Market4
Property Features for 1322 Babcock Circle #24
General Information
- Standard status
- Active
- Size
- 3,276 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1979
Listing Agency:
Western Skies Real Estate
Listed By:
SaraBeth Owens
Source:
Clearwaterproperties
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 5:00AM
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 Western Skies Real Estate
Investment Insights
Based on property information with market context.
This remodeled duplex features two split-level units with updated fixtures, appliances, and LVP flooring. Each unit includes an upper-level open living and dining area with a wood fireplace, a kitchen with stainless appliances and granite counters, two bedrooms, and a full bath. The lower level adds a family room with a wood fireplace, a large walk-in laundry room, an additional bedroom and a 3/4 bath, along with an access door to the attached one-car garage.
Both units have private fenced backyards. The property is located in the Eagles Nest subdivision in the Heights within a cul-de-sac. The units are currently under leases through July.
From a configuration standpoint, the duplex provides distinct in-unit living spaces across two levels, with dedicated outdoor areas and attached garage access for each unit.
Both units have private fenced backyards. The property is located in the Eagles Nest subdivision in the Heights within a cul-de-sac. The units are currently under leases through July.
From a configuration standpoint, the duplex provides distinct in-unit living spaces across two levels, with dedicated outdoor areas and attached garage access for each unit.
Key Highlights
- Split‑foyer duplex built in 1979 with two split‑level units
- Both units remodeled a few years back with fixtures, appliances, and LVP flooring
- Upper level features open living/dining room with wood fireplace, kitchen with stainless appliances and granite counters, 2 bedrooms and full bath
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 | $45.2k | $13.80 |
| − Vacancy | −$2.5k | −$0.76 |
| EGI | $42.7k | $13.04 |
| − OpEx | −$12.8k | −$3.91 |
| NOI | $29.9k | $9.13 |
3,276 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.2K
$373.8K – $498.4K
NOI $29,906 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$396.1K
$346.6K – $462.2K
NOI $27,730 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$714.8K
$625.5K – $833.9K
NOI $50,036 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - A split-level duplex with remodeled interiors, private fenced backyards, and leases in place through July.
Where is this duplex located?
The property is located at 1322 Babcock Circle #24 Billings, MT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Split‑foyer duplex built in 1979 with two split‑level units; Both units remodeled a few years back with fixtures, appliances, and LVP flooring; Upper level features open living/dining room with wood fireplace, kitchen with stainless appliances and granite counters, 2 bedrooms and full bath
