Furnished Multifamily
For Sale
Contact for pricing
512 Parkhill Dr, Billings, MT 59102
Two lots provide furnished rentals, garage parking, and zoning for an additional rental unit.
Property SizeContact for details
Days on Market143
Property Features for 512 Parkhill Dr
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Multifamily
Occupancy
100%
Additional Details
Furnished
Yes
Cap Rate
6.36%
Multifamily Units
3
Building Details
Buildings
3
Listing Agency:
NAI Business Properties
(406) 294-6308
Listed By:
Matt Robertson · License #MT 14178
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 7:17PM
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 NAI Business Properties
Investment Insights
Based on property information with market context.
This multifamily property at 512 Parkhill Dr in Billings includes two lots with three fully furnished rental units. The improvements combine a one-bedroom apartment attached to a two-car garage, a two-bedroom, one-bath cottage with a one-car attached garage, and a separate art studio located behind the cottage. The property is configured for rentals serving traveling professionals, including traveling nurses.
The first lot is zoned for another rental unit to be built at the front of the parcel. All three existing rentals are currently fully rented, and the property carries a 6.36% cap rate. The separate studio adds another defined rental component to the second lot.
The first lot is zoned for another rental unit to be built at the front of the parcel. All three existing rentals are currently fully rented, and the property carries a 6.36% cap rate. The separate studio adds another defined rental component to the second lot.
Key Highlights
- Two lots contain three fully furnished rental units
- Current occupancy is fully rented with a 6.36% Cap Rate
- One‑bedroom apartment attached to a two‑car garage
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 59102, MT
48,133
Population
22,706
Households
2.1
Avg Household Size
41
Median Age
43%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,209
Density / Sq Mi
$75,140
Median Household Income
$43,203
Median Earnings
$1,148
Median Rent
$307,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two lots provide furnished rentals, garage parking, and zoning for an additional rental unit.
Where is this multifamily property located?
The property is located at 512 Parkhill Dr Billings, MT.
What are key features of this property?
This property features: Two lots contain three fully furnished rental units; Current occupancy is fully rented with a 6.36% Cap Rate; One‑bedroom apartment attached to a two‑car garage
