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Updated 4-Plex Residential Income
For Sale
$550,000
Pending

824 Avenue D, Billings, MT 59102

Updated fourplex with one-bedroom units and optional garage rentals, with utilities paid by the owner.

Property SizeContact for details
Days on Market194

Property Features for 824 Avenue D

General Information

Standard status Pending
Property subtype Quadruplex

Additional Details

Business Included Yes
Multifamily Units 4

Building Details

Year Built 1955
Tenancy Multi
Listing Agency: Real Estate Hub LLLP
Listed By: Chet Blotske
Source: Rehubbillings
Added: Jan 30 Changed: Jul 10 Last Checked: Jul 23 at 2:37AM

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 Real Estate Hub LLLP

Investment Insights

Based on property information with market context.

This updated 4-plex offers four residential units, each configured as 1 bedroom and 1 bathroom. The property includes an option for two units to rent an additional garage stall for $50 per month. The seller states the owner pays all utilities, with utility costs averaging $342 per month.

The property is located in NW Billings at 824 Avenue D, Billings, MT 59102. The offering is presented as a residential income asset with gross rents totaling $4,100 per month, per the public remarks.

For investors or owner-operators seeking a straightforward multifamily setup, the unit mix provides consistency across the building with 1 bed/1 bath apartments. The available garage-stall add-on for select units may provide an additional income stream, while owner-paid utilities can simplify expense management for residents. This is a fourplex structure designed for tenants looking for compact, single-bedroom living arrangements.

Key Highlights

  • Updated 4‑plex in NW Billings built in 1955
  • All units are 1 bed, 1 bath
  • Total gross rents are $4,100/month

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Food Market (Bike/Boat/Book/etc) Store Bakery Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

450
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Updated fourplex with one-bedroom units and optional garage rentals, with utilities paid by the owner.
Where is this quadplex located?
The property is located at 824 Avenue D Billings, MT.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Updated 4‑plex in NW Billings built in 1955; All units are 1 bed, 1 bath; Total gross rents are $4,100/month
More about this property
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