3012 and 902 9th Ave S, Billings, MT 59101
MULTI_FAMILY - Billings, MT
- Added:
- Apr 13, 2026
- Days on Market:
- 69
- Last Refresh:
- Jun 20 at 12:06 pm
Property Features for 3012 and 902 9th Ave S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
- Standard status
- Active
- APN
- A01822
- Size
- 5,451 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- BILLINGS SECOND ADDITION, S03, T01 S, R26 E, BLOCK 240, Lot 11 - 12, & N3'LT 10
- Tax Annual Amount
- 3249
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Brick, Masonite, MetalSiding
- Roof type
- Shingle
Listing agent Tyler Davis License #RRE-RBS-LIC-126954 (406) 413-1551
Listing office Keller Williams Yellowstone Properties 80 25th St. W Ste. 1, Billings, MT (406) 655-0005
Listing date Apr 13, 2026
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
- Multi‑family property on one tax code with two buildings: an 8‑plex plus a single‑family residence
- 8‑plex unit mix: one 2‑bed/1‑bath, six 1‑bed/1‑bath, and one studio unit
- Single‑family unit has 2 bedrooms and 1 bathroom
- All units are rented
- Public water and public sewer
- Shingle roof; heated with forced air and natural gas plus electric and baseboard heat
Overview
Located on the south side of Billings, MT, the buildings sit together for an owner looking for a multi-unit mix. The listing notes convenience to downtown amenities and tenant access to shopping, dining, and transportation.
With a combination of unit sizes—from studios to larger 2-bedroom layouts—this configuration may appeal to operators seeking a diversified tenant mix within one portfolio-style ownership. Since the units are already rented, it may be well suited for buyers looking for an established occupancy setup rather than a property requiring new leasing as a first step.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.3k | $16.20 |
| − Vacancy | −$4.4k | −$0.81 |
| EGI | $83.9k | $15.39 |
| − OpEx | −$37.8k | −$6.93 |
| NOI | $46.1k | $8.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.499164
- Latitude
- 45.771201
