Side-by-Side Duplex with Private
For Sale
$525,000
846 Terry, Billings, MT 59101
Two distinct residences offer separate laundry rooms and bedroom configurations, along with a shared fenced yard and garage.
Property Size3,336 SF
Price / SF$157.37
Days on Market12
Property Features for 846 Terry
General Information
Standard status
Active
Size
3,336 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,496
Amenities
0.00
Building Details
Year Built
1945
Listing Agency:
Century 21 Americana
Listed By:
Wayne Wilcox · License #RRE-RBS-LIC-46422
(406) 697-9800
Source:
Clearwaterproperties
Added: Sep 30
Changed: Oct 10
Last Checked: Oct 9 at 9:19PM
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 Century 21 Americana
Investment Insights
Based on property information with market context.
Built in 1945, this side-by-side duplex contains 3,336 square feet across two residences. The 846 Terry unit has two bedrooms, one bathroom, and refinished floors. The 415 9th St residence offers three bedrooms and two full bathrooms, with a basement that includes a fireplace and wet bar.
Each residence has its own laundry room and private deck. Shared property features include a two-car garage, fenced yard, two storage sheds, and a well used for lawn watering.
Each residence has its own laundry room and private deck. Shared property features include a two-car garage, fenced yard, two storage sheds, and a well used for lawn watering.
Key Highlights
- Two side‑by‑side residences total 3,336 square feet
- 846 Terry: 2 bedrooms, 1 bathroom, and refinished floors
- 415 9th St: 3 bedrooms, 2 full bathrooms, basement with fireplace and wet bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,453
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,060
$609.1K
Cap Rate 7%
$435,043
$435.0K
Cap Rate 9%
$338,367
$338.4K
Market Conditions
NOI Build-Up for 3,336 SF
Gross rent
$46.0K $13.80/SF
− Vacancy
−$2.5K −$0.76/SF
EGI
$43.5K $13.04/SF
− OpEx
−$13.1K −$3.91/SF
NOI
$30.5K $9.13/SF
Area
Billings, MT
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,060
Cap Rate 7%
$435,043
Cap Rate 9%
$338,367
Alternative Uses
Best Use
Multifamily LT 5
$435.0K
$380.7K – $507.6K
NOI $30,453 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$403.4K
$353.0K – $470.6K
NOI $28,238 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$727.9K
$636.9K – $849.2K
NOI $50,953 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
Explore this area
Business Placement
Demographics for 59101, MT
41,522
Population
18,864
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
590.8 sq mi
ZIP Area
70
Density / Sq Mi
$58,165
Median Household Income
$36,258
Median Earnings
$930
Median Rent
$243,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer separate laundry rooms and bedroom configurations, along with a shared fenced yard and garage.
Where is this duplex located?
The property is located at 846 Terry Billings, MT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two side‑by‑side residences total 3,336 square feet; 846 Terry: 2 bedrooms, 1 bathroom, and refinished floors; 415 9th St: 3 bedrooms, 2 full bathrooms, basement with fireplace and wet bar
