Corner Lot
For Sale
$199,900
947 Howard, Billings, MT 59101
Corner lot side-by-side duplex with two 1-bedroom, 1-bath units and shared coin-op laundry.
Property Size1,292 SF
Price / SF$154.72
Days on Market133
Property Features for 947 Howard
General Information
Standard status
Active
Size
1,292 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,347
Amenities
0.00
Building Details
Year Built
1947
Listing Agency:
Real Estate Hub LLLP
Listed By:
Cassie Smart · License #RRE-BRO-LIC-61253
(406) 896-2244
Source:
Clearwaterproperties
Added: Jun 7
Changed: Oct 16
Last Checked: Oct 16 at 9:32AM
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
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Investment Insights
Based on property information with market context.
This side-by-side duplex sits on a corner lot and includes a partially fenced area. The property offers two separate units, each with one bedroom and one bathroom. The exterior has newer paint, and the two units share a laundry setup with a coin-op washer. Photos provided cover the exterior and the front unit only.
Located at 947 Howard Avenue in Billings, the duplex is described as being close to downtown and west end amenities, making it convenient for tenants who want access to everyday destinations.
With two independently served 1-bedroom, 1-bath units under one roof, the property can appeal to investors seeking duplex-style rental income or owner-occupants looking to live in one unit while renting the other. The shared coin-op laundry adds on-site functionality for residents. The listing also states the property has a great rental history, with potential for more, based on the seller’s comments.
Located at 947 Howard Avenue in Billings, the duplex is described as being close to downtown and west end amenities, making it convenient for tenants who want access to everyday destinations.
With two independently served 1-bedroom, 1-bath units under one roof, the property can appeal to investors seeking duplex-style rental income or owner-occupants looking to live in one unit while renting the other. The shared coin-op laundry adds on-site functionality for residents. The listing also states the property has a great rental history, with potential for more, based on the seller’s comments.
Key Highlights
- Side‑by‑side duplex on a corner lot with 2 separate units
- Each unit features 1 bedroom and 1 bathroom
- Shared laundry with coin‑op washer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,794
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,880
$235.9K
Cap Rate 7%
$168,486
$168.5K
Cap Rate 9%
$131,044
$131.0K
Market Conditions
NOI Build-Up for 1,292 SF
Gross rent
$17.8K $13.80/SF
− Vacancy
−$981 −$0.76/SF
EGI
$16.8K $13.04/SF
− OpEx
−$5.1K −$3.91/SF
NOI
$11.8K $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%
$235,880
Cap Rate 7%
$168,486
Cap Rate 9%
$131,044
Alternative Uses
Best Use
Multifamily LT 5
$168.5K
$147.4K – $196.6K
NOI $11,794 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$156.2K
$136.7K – $182.3K
NOI $10,936 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$281.9K
$246.7K – $328.9K
NOI $19,733 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Corner lot side-by-side duplex with two 1-bedroom, 1-bath units and shared coin-op laundry.
Where is this duplex located?
The property is located at 947 Howard Billings, MT.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Side‑by‑side duplex on a corner lot with 2 separate units; Each unit features 1 bedroom and 1 bathroom; Shared laundry with coin‑op washer
