Two-Unit Duplex with Separate
1508 11th Street W Billings, MT 59102
New
1508 11th Street W, Billings, MT, 59102
$396,900
For Sale
$396,900
MULTI_FAMILY - Ranch - Billings, MT
Property Size2,108 SF
Lot Size0.16 Acres
Price / SF$188.28
Days on Market2
Property Features for 1508 11th Street W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2
- Standard status
- Active
- APN
- A04188
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- Cellan Acre Tracts, S31, T01N, T26E, Block 4, Lot 2
- Tax Annual Amount
- 1451
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Masonite
- Roof type
- Asphalt
- 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# 360735
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 provides two separate residential units, each offering two bedrooms and one full bathroom. The main level unit includes a living room, a kitchen and dining area, and patio door access, along with two bedrooms and a full bath. The lower level unit offers a living room, kitchen and dining area, and two bedrooms with a full bathroom. A shared laundry area serves both units. The property also includes a partially fenced yard, a storage shed, a deck, and off-street parking.
The duplex is located at 1508 11th Street W in Billings, Montana (Yellowstone County), within the 59102 area.
Set on a lot of approximately 7,000 square feet, the property’s layout supports independent day-to-day living for each unit while maintaining practical shared amenities like laundry.
The duplex is located at 1508 11th Street W in Billings, Montana (Yellowstone County), within the 59102 area.
Set on a lot of approximately 7,000 square feet, the property’s layout supports independent day-to-day living for each unit while maintaining practical shared amenities like laundry.
Key Highlights
- Up/down duplex with two separate 2‑bedroom, 1‑bath units
- Total 2,108 sq. ft. living space (approximately 1,054 sq. ft. main level and 1,054 sq. ft. lower level)
- Ranch style home built in 1977 with asphalt roof and Masonite construction materials
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 4.85%
Second Best
Apartment 5plus
$254.9K
$223.0K – $297.4K
NOI $17,843 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$460.0K
$402.5K – $536.6K
NOI $32,197 @ 7.0% cap · market cap 8.11%
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 - Up/down duplex features two 2-bedroom, 1-bath units with a shared laundry area and off-street parking.
Where is this duplex located?
The property is located at 1508 11th Street W Billings, MT.
What is the asking price?
The asking price for this property is $396,900.
What are key features of this property?
This property features: Up/down duplex with two separate 2‑bedroom, 1‑bath units; Total 2,108 sq. ft. living space (approximately 1,054 sq. ft. main level and 1,054 sq. ft. lower level); Ranch style home built in 1977 with asphalt roof and Masonite construction materials
