New 6-Plex Apartment
4633 King Avenue West Billings, MT 59106
For Sale
Contact for pricing
Brand new 6-plex with two- and three-bedroom units, each featuring high-end finishes and modern layouts.
Property Size7,864 SF
Price / SF$253.05
Days on Market352
Property Features for 4633 King Avenue West
General Information
- Standard status
- Active
- Size
- 7,864 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listed By:
James Coleman · License #79063
Source:
Crexi
Added: Aug 6, 2025
Changed: Jul 23
Last Checked: Jul 23 at 11:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of James Coleman
Investment Insights
Based on property information with market context.
This brand new 6-plex offers a balanced unit mix designed for rental use, including two 2 bed/1 bath units, two 2 bed/2 bath units, and two 3 bed/2.5 bath units. The property is described as having high-end finishes and thoughtfully designed, modern layouts throughout.
The building is located in Ridgeline Subdivision on Billings’ West End, with proximity to shopping, dining, schools, and parks. Information is per Yellowstone County, and buyers/agents are advised to verify.
The listing also notes a $150/month HOA for each unit, with taxes not yet spread for individual buildings. Four similar 6-plexes are available.
The building is located in Ridgeline Subdivision on Billings’ West End, with proximity to shopping, dining, schools, and parks. Information is per Yellowstone County, and buyers/agents are advised to verify.
The listing also notes a $150/month HOA for each unit, with taxes not yet spread for individual buildings. Four similar 6-plexes are available.
Key Highlights
- Brand new 6‑plex built in 2024 in Ridgeline Subdivision on Billings’ West End
- Unit mix: two 2 bed/1 bath, two 2 bed/2 bath, and two 3 bed/2.5 bath units
- Each unit has modern layouts with high‑end finishes throughout
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 | $127.4k | $16.20 |
| − Vacancy | −$6.4k | −$0.81 |
| EGI | $121.0k | $15.39 |
| − OpEx | −$54.5k | −$6.93 |
| NOI | $66.6k | $8.46 |
7,864 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$950.9K
$832.1K – $1.11M
NOI $66,565 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,112 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Brand new 6-plex with two- and three-bedroom units, each featuring high-end finishes and modern layouts.
Where is this apartment building located?
The property is located at 4633 King Avenue West Billings, MT.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Brand new 6‑plex built in 2024 in Ridgeline Subdivision on Billings’ West End; Unit mix: two 2 bed/1 bath, two 2 bed/2 bath, and two 3 bed/2.5 bath units; Each unit has modern layouts with high‑end finishes throughout
