West End Multifamily Investment
For Sale
$9,363,000
2601 Phyllis Ln, Billings, MT 59102
Multifamily property in West End, near shopping and businesses.
Property SizeContact for details
Days on Market167
Property Features for 2601 Phyllis Ln
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1972
Listing Agency:
NAI Business Properties
(406) 860-1567
Listed By:
Brian McDonald · License #RRE-BRO-LIC-12627
(406) 860-1567
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 20 at 4:26AM
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 NAI Business Properties
Investment Insights
Based on property information with market context.
This multifamily property is located in the West End, off Monad Rd, and is within walking distance of shopping, restaurants, and businesses. The property contains 84 units, with a mix of 1, 2, and 3-bedroom configurations. Approximately 30 units are leased under Section 8. The property is currently fully occupied, demonstrating extremely low vacancy. On-site parking spaces are available. Mature landscaping surrounds the buildings. The property is adjacent to Stewart Park and is professionally managed. There is an opportunity for NOI improvement.
Key Highlights
- Extremely low vacancy, currently fully occupied
- Opportunity for NOI improvement due to below market rents
- 84 Units offer a great investment opportunity
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in West End, near shopping and businesses.
Where is this apartment building located?
The property is located at 2601 Phyllis Ln Billings, MT.
What is the asking price?
The asking price for this property is $9,363,000.
What are key features of this property?
This property features: Extremely low vacancy, currently fully occupied; Opportunity for NOI improvement due to below market rents; 84 Units offer a great investment opportunity
