Three-Unit Downtown Income Property

240 Terry Avenue, Billings, MT 59101

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New

For Sale

$325,000

MULTI_FAMILY - Billings, MT

Property size:

1,702 SF

Lot size:

0.16 Acres

Price / SF:

$190/SF

HighLights

3‑unit property in downtown Billings; all 3 units are leased and currently month‑to‑month
Each unit includes washer/dryer hookups; main level unit has 3 beds and 1 bath
Lower level unit has 2 beds and 1 bath with washer/dryer hookup
Back house is approximately 700 SF with open concept and 1 bath
Detached 2‑car garage included
Public water and public sewer; new sewer line reported

We can help!

Contact an agent

Heidi Brosovich

For Sale

$325,000

MULTI_FAMILY - Billings, MT

Property size:

1,702 SF

Lot size:

0.16 Acres

Price / SF:

$190/SF

Added:: Jul 1, 2026
Days on Market:: 7
Last Refresh:: Jul 7 at 5:06 am

Property Features for 240 Terry Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 5
Rooms: Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 2
Parking: 3
Patio and Porch features: Patio, Deck
Standard status: Active
APN: A15911
Size: 1,702 SF
Lot size: 0.16 Acres

Taxes and HOA fees

Tax Description: SUBURBAN SUBD, S04, T01 S, R26 E, BLOCK 10, Lot 26 - 27
Tax Annual Amount: 2111

Utilities

Sewer type: Public Sewer
Water source: Public

Building Details

Year built: 1919
Floors in Building: 1
Number of units: 3
Building materials: AluminumSiding
Roof type: Shingle, Asphalt

We can help!

Contact an agent

Heidi Brosovich

Listing agent Heidi Brosovich License #RRE-RBS-LIC-54696

Listing office Montana Real Estate Brokers 2050 Broadwater Ave., Ste B, Billings, MT

Listing date Jul 1, 2026

MLS# 359312 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.

HighLights

3‑unit property in downtown Billings; all 3 units are leased and currently month‑to‑month
Each unit includes washer/dryer hookups; main level unit has 3 beds and 1 bath
Lower level unit has 2 beds and 1 bath with washer/dryer hookup
Back house is approximately 700 SF with open concept and 1 bath
Detached 2‑car garage included
Public water and public sewer; new sewer line reported

Overview

This for-sale three-unit residential property includes two homes plus a back house, along with a detached two-car garage. The main level unit is configured with three bedrooms and one bathroom and includes a washer/dryer hookup and a wall AC unit. The lower level unit offers two bedrooms and one bathroom, also with a washer/dryer hookup. The back house is described as approximately 700 square feet with an open concept layout and one bathroom.

The property is located in downtown Billings, within minutes of schools, parks, shopping, dining, and city amenities. Public remarks indicate a new sewer line.

All three units are currently leased and operate on month-to-month terms. This structure can work well for an owner-occupant seeking to live in one unit while maintaining rental income from the other two, or for an investor looking for a small multi-unit portfolio with existing tenants. The detached two-car garage adds practical on-site parking/storage for the property’s occupants.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Billings
County: Yellowstone
State: Montana
Longitude: -108.522458
Latitude: 45.774888

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For sale
Triplexes
MT
Billings
59101
240 Terry Avenue

What type of property is this?

Triplex - Three leased residential units plus a detached two-car garage provide diversified rental options in central Billings.

Where is this triplex located?

The property is located at 240 Terry Avenue Billings, MT.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 3‑unit property in downtown Billings; all 3 units are leased and currently month‑to‑month; Each unit includes washer/dryer hookups; main level unit has 3 beds and 1 bath; Lower level unit has 2 beds and 1 bath with washer/dryer hookup

240 Terry Avenue, Billings, MT 59101

MULTI_FAMILY - Billings, MT

Property Features for 240 Terry Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Residential Income Property With Three Kitchens

6-Plex Multifamily Building

Remodeled Duplex Investment Opportunity

Five-Unit Apartment Building

Ranch Duplex with Two Units

Billings Grow Facility with Shop

Mixed-Use Property in Billings, MT

Remodeled 7-Plex Investment Property

Purpose-Built Triplex Residence

Westend Industrial Condo/Flex Space

2022-Renovated Fourplex and Two Houses

West End Billings Business Opportunity

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