947 Howard Avenue Billings, MT 59101
MULTI_FAMILY - Billings, MT
- Added:
- Jun 3, 2026
- Days on Market:
- 41
- Last Refresh:
- Jul 13 at 5:06 am
Property Features for 947 Howard Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- A03567
- Size
- 1,292 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- BROADWATER SUBD, S05, T01 S, R26 E, BLOCK 15, Lot 22 - 23
- Tax Annual Amount
- 1347
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1947
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Stucco
- Roof type
- Membrane
Listing agent Cassie Smart License #RRE-BRO-LIC-61253 (406) 939-1819
Listing office Real Estate Hub LLLP 27 Shiloh Rd, Suite #3, billings, MT (406) 206-4886
Listing date Jun 3, 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.
Investment Insights
Based on property information with market context.
Located in Billings, close to downtown and west end amenities, the corner-lot setting supports straightforward access and visibility from adjacent roads. The shared laundry setup is positioned to serve both units, helping maintain day-to-day convenience for occupants.
For investors or buyers seeking rental income, the duplex configuration offers flexibility through two independently leased units. With a noted history of strong rentals and the stated potential for more, this property may fit an operator looking to maintain current performance while continuing to refine the tenant experience. Partial fencing and the existing shared laundry arrangement add practical value for residential renters.
Key Highlights
- Side‑by‑side duplex on a corner lot with 2 separate 1‑bedroom, 1‑bath units
- Shared laundry area with coin‑op washer
- Public utilities: public water and public sewer
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 | $17.8k | $13.80 |
| − Vacancy | −$981 | −$0.76 |
| EGI | $16.8k | $13.04 |
| − OpEx | −$5.1k | −$3.91 |
| NOI | $11.8k | $9.13 |
