Stabilized Multifamily in Central
420 Lordwith Drive, Billings, MT 59102
COMMERCIAL - Billings, MT
Property size:
23,760 SFLot size:
0.55 AcresPrice / SF:
$229/SF- Added:
- Apr 14, 2026
- Days on Market:
- 38
- Last Refresh:
- May 21 at 10:06 pm
Property Features for 420 Lordwith Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- A18622
- Size
- 23,760 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Description
- WITHERUP SUBD, S32, T01 N, R26 E, BLOCK 1, Lot 1 - 2, (14) Units 1-8
- Tax Annual Amount
- 9839
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1959
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Shingle, Asphalt
Listing agent Lukas Seely License #RRE-RBS-LIC-88004 (310) 570-5415
Listing office Century 21 Americana 1605 Shiloh Rd, Billings, MT (406) 294-2121
Listing date Apr 14, 2026
MLS# 358713
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
- Fully occupied with a waitlist, ensuring consistent cash flow.
- Clear upside through renovation of remaining classic units, with updated units achieving higher rents.
- Approved condo conversion provides flexibility for long‑term hold, phased sell‑off, or full retail disposition.
- Central Billings infill location near Pioneer Park and downtown.
- Strong demand from both renters and potential owner‑occupants.
- Professionally managed.
Overview
The Residences at Lordwith is a stabilized 24-unit multifamily property situated in a central Billings infill location, near Pioneer Park and downtown. The property is fully occupied with a waitlist. It provides consistent cash flow supported by strong demand and professional management. The property offers upside through renovation of remaining classic units. Updated units are already achieving higher rents and demonstrating a repeatable path to increased NOI. An approved condo conversion adds flexibility, allowing for long-term hold, phased sell-off, or full retail disposition. The property contains 23,760 square feet and sits on a 0.5455-acre lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Lordwith Apartments
Apartment Complex
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.5266
- Latitude
- 45.78625
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 24-unit multifamily property with renovation upside and condo conversion potential.
Where is this apartment building located?
The property is located at 420 Lordwith Drive Billings, MT.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: Fully occupied with a waitlist, ensuring consistent cash flow.; Clear upside through renovation of remaining classic units, with updated units achieving higher rents.; Approved condo conversion provides flexibility for long‑term hold, phased sell‑off, or full retail disposition.
