Up-Down Duplex with Separate Meters

809 Wyoming Avenue Billings, MT 59101

Claim this Listing
New
For Sale
$349,000

MULTI_FAMILY - Billings, MT

Property size:
1,920 SF
Lot size:
0.16 Acres
Price / SF:
$181/SF
Added:
Jul 12, 2026
Days on Market:
1
Last Refresh:
Jul 12 at 9:06 pm

Property Features for 809 Wyoming Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1
Patio and Porch features
Deck, Patio
Interior features
SecondKitchen
Exterior features
Fence
Fencing
Fenced
Standard status
Active
APN
A05448
Size
1,920 SF
Lot size
0.16 Acres

Taxes and HOA fees

Tax Description
COMTE ADD, S05, T01 S, R26 E, BLOCK 1, Lot 4 - 5
Tax Annual Amount
2120

Utilities

Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public

Building Details

Year built
1954
Floors in Building
1
Number of units
2
Building materials
Stucco
Roof type
Shingle, Asphalt

Listing agent Hannah Reno License #RRE-BRO-LIC-98858

Listing office Keller Williams Yellowstone Properties 80 25th St. W Ste. 1, Billings, MT

Listing date Jul 12, 2026

MLS# 358948 Listing URL

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.


Investment Insights

Based on property information with market context.

This up-down duplex is configured as two separate living levels, each providing two bedrooms, one bath, plus its own kitchen and living space. The main level includes a spacious living room and kitchen with hickory cabinets, along with two bedrooms and a full bath, complemented by coved doorways and built-ins. The basement apartment includes a kitchen with a large pantry/closet, living room, two bedrooms, a full bath, and laundry/storage. Updates include newer windows throughout. The property has separate electrical meters (2 electric, 1 gas, 1 water), a fenced yard, and a 1-car garage, with additional off-street parking accessible via an alley.

Located in Billings, the duplex is described as being just minutes from downtown, with the nearby access point referenced as alley access for parking.

For buyers seeking an owner-occupant setup or rental income, the layout supports household separation while keeping shared property amenities straightforward, including off-street parking and a fenced yard. Separate utility metering can simplify billing for tenant-occupied operation, while the multi-level design also offers flexibility for multi-generational living.

Key Highlights

  • Up/down non‑conforming duplex with 2 beds, 1 bath on each level, plus separate kitchen and living space
  • Updated main level includes spacious living room, kitchen with hickory cabinets, 2 bedrooms, and full bath
  • Basement apartment features a kitchen with large pantry/closet, living room, 2 bedrooms, full bath, and laundry/storage

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 $26.5k $13.80
− Vacancy −$1.5k −$0.76
EGI $25.0k $13.04
− OpEx −$7.5k −$3.91
NOI $17.5k $9.13
1,920 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$250.4K
$219.1K – $292.1K (±1% cap)
NOI $17,527 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$232.2K
$203.2K – $270.9K (±1% cap)
NOI $16,252 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$418.9K
$366.6K – $488.8K (±1% cap)
NOI $29,325 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Law Firm Skin Care Clinic Carpet & Flooring Store Locksmith Catering Service Tanning Salon Travel Agency Restaurant

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Up-down duplex offers two self-contained units with separate electrical meters, fenced yard, and off-street parking.
Where is this duplex located?
The property is located at 809 Wyoming Avenue Billings, MT.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Up/down non‑conforming duplex with 2 beds, 1 bath on each level, plus separate kitchen and living space; Updated main level includes spacious living room, kitchen with hickory cabinets, 2 bedrooms, and full bath; Basement apartment features a kitchen with large pantry/closet, living room, 2 bedrooms, full bath, and laundry/storage
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More about this property
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