Six-Bedroom Duplex with Two
New
For Sale
$375,000
1713 Avenue E, Billings, MT 59102
Two finished residential levels offer distinct living areas, each with a kitchen and full bath.
Property Size2,080 SF
Price / SF$180.29
Days on Market2
Property Features for 1713 Avenue E
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,994
Amenities
fenced yard
mature trees
underground sprinklers
common laundry area
Garage: Additional Parking
Style: Ranch
0.00
Ranch
Additional Parking
Building Details
Year Built
1949
Buildings
1
Listing Agency:
4 Seasons Real Estate
Listed By:
Lanissa Fortner · License #RRE-BRO-LIC-13590
(406) 670-9799
Source:
Clearwaterproperties
Added: Oct 4
Last Checked: Oct 4 at 2:03PM
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 4 Seasons Real Estate
Investment Insights
Based on property information with market context.
This 2,080-square-foot duplex, built in 1949, is arranged across two finished levels. Each level has three bedrooms, a full bathroom, and a kitchen; the upper floor also includes a living room, while the lower level has a family room. Egress windows serve all three downstairs bedrooms and the family room. Fresh paint and new carpet are among the recent interior updates.
A separate rear entrance leads to the shared laundry area, with an additional door connecting to the lower level. The fenced yard has mature trees, underground sprinklers supplied by a well, and additional parking at the rear. The property is located at 1713 Avenue E in Billings.
A separate rear entrance leads to the shared laundry area, with an additional door connecting to the lower level. The fenced yard has mature trees, underground sprinklers supplied by a well, and additional parking at the rear. The property is located at 1713 Avenue E in Billings.
Key Highlights
- Two finished levels with 3 bedrooms, a kitchen, and a full bath on each
- 2,080 square feet; built in 1949
- Egress windows in all 3 lower‑level bedrooms and the family room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,988
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,760
$379.8K
Cap Rate 7%
$271,257
$271.3K
Cap Rate 9%
$210,978
$211.0K
Market Conditions
NOI Build-Up for 2,080 SF
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.
Gross rent
$28.7K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$27.1K $13.04/SF
− OpEx
−$8.1K −$3.91/SF
NOI
$19.0K $9.13/SF
Area
Billings, MT
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,760
Cap Rate 7%
$271,257
Cap Rate 9%
$210,978
Alternative Uses
Best Use
Multifamily LT 5
$271.3K
$237.4K – $316.5K
NOI $18,988 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$251.5K
$220.1K – $293.4K
NOI $17,606 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$453.8K
$397.1K – $529.5K
NOI $31,769 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,078
Businesses Nearby
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Business Placement
Demographics for 59102, MT
48,133
Population
22,706
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,209
Density / Sq Mi
$75,140
Median Household Income
$43,203
Median Earnings
$1,148
Median Rent
$307,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two finished residential levels offer distinct living areas, each with a kitchen and full bath.
Where is this duplex located?
The property is located at 1713 Avenue E Billings, MT.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two finished levels with 3 bedrooms, a kitchen, and a full bath on each; 2,080 square feet; built in 1949; Egress windows in all 3 lower‑level bedrooms and the family room
