2-Unit Duplex with Detached
New
For Sale
$360,000
3 33rd Street W, Billings, MT 59102
Residential, Billings, MT
Property Size1,400 SF
Lot Size0.23 Acres
Price / SF$257.14
Days on Market3
Property Features for 3 33rd Street W
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
N2 - Mid-Century Neighborhood Residential
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Parking
2
Parking features
Open
Exterior features
Fence
Fencing
Fenced
Subdivision
CENTRAL ACRES SUBD 1ST FILING
Elementary school
Meadowlark
Middle school
Will James
High school
West
Directions
From First Ave N, head toward Montana Ave, right onto Central Ave, right on 33rd St W, destination on the right.
Standard status
Active
APN
C01764
Size
1,400 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
CENTRAL ACRES SUBD 1ST FILING, S02, T01 S, R25 E, BLOCK 1, LOT 9, LT 10 W20 FT LT 9
Tax Annual Amount
1971
Legal Description
CENTRAL ACRES SUBD 1ST FILING, S02, T01 S, R25 E, BLOCK 1, LOT 9, LT 10 W20 FT LT 9
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Amenities
private covered patios
spacious yard
mature trees
underground irrigation well
Building Details
Year built
1980
Number of units
2
Roof type
Shingle
Listing Agency:
LPT Realty
(406) 591-0955
Listed By:
Shonna Ruble · License #RRE-BRO-LIC-39364
(406) 839-6428
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 9:06PM
MLS# 362377
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.
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Investment Insights
Based on property information with market context.
This 1980-built duplex contains 1,400 square feet across two residences, each with two bedrooms, one bathroom, and approximately 700 square feet. Both units have bedrooms that open onto private covered patios, functional kitchens, and newer appliances; the south unit also has updated flooring. A detached two-car garage provides one space for each residence, with additional driveway parking. The property occupies a 0.2278-acre lot with a fenced yard, mature trees, and an underground irrigation well. Heating is forced-air natural gas, cooling is provided by wall units, and the property has public water and sewer. The shingle roof was installed in 2019.
One residence is leased month-to-month, while the other is vacant. The unit configuration and current occupancy are distinct features of the property.
One residence is leased month-to-month, while the other is vacant. The unit configuration and current occupancy are distinct features of the property.
Key Highlights
- Two residences, each with 2 bedrooms, 1 bathroom, and approximately 700 square feet
- 1,400‑square‑foot duplex built in 1980
- 0.2278‑acre lot with fenced yard and underground irrigation well
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,780
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,600
$255.6K
Cap Rate 7%
$182,571
$182.6K
Cap Rate 9%
$142,000
$142.0K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$19.3K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.3K $13.04/SF
− OpEx
−$5.5K −$3.91/SF
NOI
$12.8K $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%
$255,600
Cap Rate 7%
$182,571
Cap Rate 9%
$142,000
Alternative Uses
Best Use
Multifamily LT 5
$182.6K
$159.8K – $213.0K
NOI $12,780 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$169.3K
$148.1K – $197.5K
NOI $11,850 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$305.5K
$267.3K – $356.4K
NOI $21,383 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
296
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a covered patio, and a separate garage space.
Where is this duplex located?
The property is located at 3 33rd Street W Billings, MT.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 1 bathroom, and approximately 700 square feet; 1,400‑square‑foot duplex built in 1980; 0.2278‑acre lot with fenced yard and underground irrigation well
