4640 Ruth Avenue, Billings, MT 59101
MULTI_FAMILY - Billings, MT
- Added:
- Jun 4, 2026
- Days on Market:
- 33
- Last Refresh:
- Jul 6 at 12:06 pm
Property Features for 4640 Ruth Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4
- Parking
- 2
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active Under Contract
- APN
- A17388
- Size
- 1,831 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- VORK SUBD, S09, T01 S, R26 E, Lot 11
- Tax Annual Amount
- 2442
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Frame, VinylSiding
- Roof type
- Shingle, Asphalt
Listing agent Polly Kovash License #RRE-BRO-LIC-4133 (406) 591-5555
Listing office Metro, REALTORS L.L.P 2029 Grand Avenue, Billings, MT (406) 245-9300
Listing date Jun 4, 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
- Two homes sold for one price: front house plus a separate 2‑bedroom, 1‑bath second home.
- Front house has recent updates including fresh paint and a new bathroom.
- Front living room features a bright picture window, hardwood floors, and a built‑in cabinet for storage.
- Attached garage includes a laundry area, plus a partially finished attic for additional storage.
- Second home is accessed through the alley and has a month‑to‑month tenant who would love to stay.
- Built in 1954 with frame and vinyl siding, natural gas forced‑air heat, shingle/asphalt roof, fenced yard, public water and public sewer.
Overview
The second home is accessed through the alley. The remarks indicate the location is convenient to nearby school and shopping, with a sports center a few blocks away. The yard will be mowed soon, with a temporary delay attributed to recent weather and landscaping schedules.
For tenants, this configuration can support separate households, while owners may benefit from having two distinct dwelling units in a single offering. The front home’s recent updates and the presence of laundry and storage features may appeal to occupants seeking turn-key readiness, and the second home’s alley access supports practical privacy and separation between the two residences.
Local Financial Insights For Multifamily LT 5
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 | $25.3k | $13.80 |
| − Vacancy | −$1.4k | −$0.76 |
| EGI | $23.9k | $13.04 |
| − OpEx | −$7.2k | −$3.91 |
| NOI | $16.7k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.532642
- Latitude
- 45.759711
