516 Pennsylvania Avenue, Laurel, MT 59044
MULTI_FAMILY - Bungalow - Laurel, MT
- Added:
- May 11, 2026
- Days on Market:
- 36
- Last Refresh:
- Jun 15 at 8:06 am
Property Features for 516 Pennsylvania Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active Under Contract
- APN
- B01127
- Size
- 1,934 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- LAUREL REALTY SECOND SUBD, S09, T02 S, R24 E, BLOCK 23, Lot 18, & N2 LT 19
- Tax Annual Amount
- 2220
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Bungalow
Listing agent Penny Presby License #RRE-BRO-LIC-7063434 (406) 855-5725
Listing office Meridian Real Estate LLC 2116 Broadwater Ave., Ste. 205, Billings, MT (406) 671-6955
Listing date May 11, 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
- Duplex up/down setup in Laurel with a main level 2‑bedroom, 1‑bath and an upper level 1‑bedroom, 1‑bath
- Upper level has its own separate entrance and includes a kitchen area plus a bonus room
- Remodeled kitchen with custom cabinets and wood floors; tiled bathrooms
- Recent exterior and roof improvements include newer roof, siding, gutters, and windows
- Public utilities: public water and public sewer
- Fenced property; bungalow style; asphalt roof; forced‑air natural gas heat
Overview
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 | $27.6k | $14.28 |
| − Vacancy | −$1.7k | −$0.87 |
| EGI | $25.9k | $13.41 |
| − OpEx | −$7.8k | −$4.02 |
| NOI | $18.2k | $9.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Laurel
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.767546
- Latitude
- 45.674182
