Bungalow
For Sale
Under Contract
$350,000
2644 Rimrock Road, Billings, MT 59102
Residential, Billings, MT
Property Size1,800 SF
Lot Size0.27 Acres
Price / SF$194.44
Days on Market84
Property Features for 2644 Rimrock Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Residential 15000
Bedrooms
4
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4
Subdivision
HENTON SUBD
Lot features
Interior Lot, Secluded
Elementary school
Poly Drive
Middle school
Will James
High school
Senior High
Directions
Between 24th and 25th on Rimrock Road.
Standard status
Active Under Contract
APN
A08645
Size
1,800 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
HENTON SUBD, S35, T01 N, R25 E, BLOCK 1, Lot 6
Tax Annual Amount
3615
Legal Description
HENTON SUBD, S35, T01 N, R25 E, BLOCK 1, Lot 6
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1919
Floors in Building
2
Number of units
3
Building materials
WoodSiding
Roof type
Shingle, Wood
Architectural style
Bungalow
Listing Agency:
eXp Realty, LLC - Billings
(406) 578-4399
Listed By:
Jamie Lee Rindahl · License #RRE-BRO-LIC-119004
(406) 591-0500
Added: Jul 14
Changed: Oct 4
Last Checked: Oct 5 at 6:06PM
MLS# 353595
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 1,800-square-foot triplex occupies a 0.2739-acre lot in Billings. Built in 1919 with bungalow architecture, the property has wood siding, shingle and wood roofing, and a layout containing four bedrooms and three bathrooms. Natural-gas forced-air heating serves the building, with public water and public sewer providing utility service.
The property is located on Rimrock Road near schools, shopping, colleges, and a hospital. Its three-unit configuration supports residential income use within an established Billings setting.
The property is located on Rimrock Road near schools, shopping, colleges, and a hospital. Its three-unit configuration supports residential income use within an established Billings setting.
Key Highlights
- Three‑unit residential property on a 0.2739‑acre lot
- 1,800 square feet with four bedrooms and three bathrooms
- Built in 1919 with bungalow architectural style
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,432
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,640
$328.6K
Cap Rate 7%
$234,743
$234.7K
Cap Rate 9%
$182,578
$182.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.8K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$23.5K $13.04/SF
− OpEx
−$7.0K −$3.91/SF
NOI
$16.4K $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 Rate 5%
$328,640
Cap Rate 7%
$234,743
Cap Rate 9%
$182,578
Alternative Uses
Best Use
Multifamily LT 5
$234.7K
$205.4K – $273.9K
NOI $16,432 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$217.7K
$190.5K – $253.9K
NOI $15,236 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$392.7K
$343.7K – $458.2K
NOI $27,492 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
155
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
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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?
Triplex - Three-unit residential property with public utilities and natural-gas forced-air heating near schools, shopping, colleges, and a hospital.
Where is this triplex located?
The property is located at 2644 Rimrock Road Billings, MT.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑unit residential property on a 0.2739‑acre lot; 1,800 square feet with four bedrooms and three bathrooms; Built in 1919 with bungalow architectural style
