405 Roxy Lane, Billings, MT 59105
MULTI_FAMILY - Billings, MT
- Added:
- Jun 26, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 30 at 3:06 am
Property Features for 405 Roxy Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 14
- Rooms
- Bathroom 14, Bedroom 11, Bathroom 5, Bedroom 8, Bedroom 9, Bathroom 10, Bedroom 10, Bathroom 7, Bedroom 12, Bathroom 9, Bedroom 6, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 7, Bathroom 6, Bathroom 8, Bathroom 13, Bedroom 2, Bedroom 13, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 11, Bedroom 14, Bathroom 12, Bedroom 4, Bathroom 2
- Parking
- 5
- Patio and Porch features
- Deck, Patio
- Exterior features
- SprinklerIrrigation, Storage
- Standard status
- Active
- APN
- C01458
- Size
- 5,600 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Description
- SUPERIOR HOMES SUBD, S15, T01 N, R26 E, BLOCK 2, Lot 4, W128 FT S94 FT LT 4
- Tax Annual Amount
- 6224
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 2
- Number of units
- 7
- Building materials
- Masonite
- Roof type
- Shingle, Asphalt
- Additional Structures
- Storage
Listing agent Brian Lang License #RRE-RBS-LIC-70650 (406) 860-6881
Listing office Century 21 Americana 1605 Shiloh Rd, Billings, MT (406) 294-2121
Listing date Jun 26, 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
- 5‑plex investment property with five 2 bed, 1 bath units
- Each unit is approximately 1,120 sq ft; current rents range from $1,050 to $1,200
- Corner lot with additional parking, underground sprinkler irrigation, deck and patio features
- Electric baseboard heating; public water and public sewer
- Built in 1982 with masonite construction and a shingle/asphalt roof
- Includes storage
Overview
The property is located at 405 Roxy Lane in Billings, Montana 59105, described as being in the Billings Heights area near Lake Elmo. The site is a corner lot, which supports the additional parking layout.
For buyers and investors looking for a multi-family asset with multiple residential units, this 5-plex offers a consistent unit mix across five separate apartments. Current rents are reported to range from $1,050 to $1,200. With electric baseboard heat, public water/sewer service, and outdoor living space on the deck/patio, the property is positioned as a practical turn-key residential income option centered on well-defined unit configurations.
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 | $90.7k | $16.20 |
| − Vacancy | −$4.5k | −$0.81 |
| EGI | $86.2k | $15.39 |
| − OpEx | −$38.8k | −$6.93 |
| NOI | $47.4k | $8.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.47611
- Latitude
- 45.836058
