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    Billings, MT Multifamily Properties for Sale

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    6-Unit Apartment Building
    Updated: Jul 1
    6-Unit Apartment Building

    4633 King Avenue W, Billings, MT 59106

    $1,990,000
    7,864 sqft 1.84 AC lot
    6‑unit apartment building with 7,864 square feet
    Unit mix includes two 2‑bedroom/1‑bath, two 2‑bedroom/2‑bath, and two 3‑bedroom/2.5‑bath units
    20 of 24 total units are currently leased
    Located at 4633 King Avenue W in Billings, MT 59106
    Public water and public sewer service
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    5-Unit Apartment Building with Corner Lot
    Updated: Jun 26
    5-Unit Apartment Building with Corner Lot

    405 Roxy Lane, Billings, MT 59105

    $810,000
    5,600 sqft 0.28 AC lot
    Five 2‑bedroom, 1‑bath units in a 5‑plex apartment building
    0.2762‑acre corner lot with a total 5,600 SF building size
    Built in 1982 with electric baseboard heat and asphalt shingle roof
    Public water and public sewer utilities
    Sprinkler irrigation plus storage exterior features
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    Ranch Duplex with Central Air
    Ranch Duplex with Central Air

    351 - 353 Montclair Drive, Billings, MT 59102

    $699,000
    5,088 sqft 0.24 AC lot

    Ranch duplex with central air and handicap-accessible approach with ramp.

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    Corner Lot 5-Unit Apartment Building
    Corner Lot 5-Unit Apartment Building

    405 Roxy Lane, Billings, MT 59105

    $810,000
    5,600 sqft

    Five 2-bedroom, 1-bath units on a corner lot with additional parking, storage, and deck/patio features.

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    New-Construction Triplex
    New-Construction Triplex

    2310 11th Avenue N, Billings, MT 59101

    $800,000
    3,420 sqft 0.16 AC lot

    Two upper residences and one lower home offer a varied three-unit configuration with modern interior finishes.

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    Victorian-Style Five-Plex with Garages
    Victorian-Style Five-Plex with Garages

    105 Yellowstone Avenue, Billings, MT 59101

    $495,000
    5,310 sqft 0.32 AC lot

    Multifamily property with separate garage units, public utilities, and a two-bedroom unit layout.

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    Two-Home Multifamily Property
    Two-Home Multifamily Property

    7604 & 7604 1/2 Neibauer Road, Billings, MT 59106

    $479,000
    1,784 sqft 4.21 AC lot

    Two separate residences on a fenced acreage tract with shared well, septic, and individual utility meters.

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    Stabilized Multifamily Investment Opportunity
    Stabilized Multifamily Investment Opportunity

    1439 Flathead Street, Billings, MT 59105

    $3,167,350
    13,324 sqft 0.93 AC lot

    16-unit apartment complex with garages in established residential area.

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    Updated Duplex with Detached Garage
    Updated Duplex with Detached Garage

    3115 3rd Avenue S, Billings, MT 59101

    $228,900
    1,406 sqft 0.11 AC lot

    Two-unit residential property with refreshed interiors, separate upstairs access, and off-street parking.

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    24-Unit Brick Multifamily Building
    24-Unit Brick Multifamily Building

    420 Lordwith Drive, Billings, MT 59102

    $5,450,000
    23,760 sqft 0.55 AC lot

    24-unit multifamily building with central air and public utilities, fully occupied with a waitlist and an approved condo conversion.

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    Stabilized 16-Unit Apartment Investment
    Stabilized 16-Unit Apartment Investment

    1447 Flathead St, Billings, MT 59105

    $3,167,350
    13,324 sqft

    Fully occupied 16-unit multifamily property featuring all 1-bedroom units with tenant-paid electric utilities.

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    2022-Renovated Fourplex and Two Houses
    2022-Renovated Fourplex and Two Houses

    206-210 N 18th Street, Billings, MT 59101

    $774,000
    3,362 sqft 0.16 AC lot

    Completely renovated 2022 fourplex plus two houses on two lots, with stone/granite counters in five units.

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    Three-Bedroom Duplex with Garage
    Three-Bedroom Duplex with Garage

    611 Avenue E, Billings, MT 59102

    $329,000
    1,320 sqft 0.16 AC lot

    Two connected units offer separate bedroom configurations, laundry appliances, and garage access for the rear residence.

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    Eight-Unit Two-Story Multifamily
    Eight-Unit Two-Story Multifamily

    420 Lordwith Drive Building C, Billings, MT 59102

    $1,711,340
    7,920 sqft

    Brick building with eight 2BR/1BA units, 100% occupied, and condo conversion approved, including four renovated units.

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    Triplex with Detached Garage
    Triplex with Detached Garage

    240 Terry Avenue, Billings, MT 59101

    $325,000
    1,702 sqft 0.16 AC lot

    Three leased units offer flexible occupancy and rental use in central Billings.

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    Duplex with Attached Two-Stall Garage
    Duplex with Attached Two-Stall Garage

    22 Jefferson Street, Billings, MT 59101

    $225,000
    1,328 sqft 0.14 AC lot

    Duplex with one attached two-stall garage and tenant-occupied units, serviced by forced-air natural gas heating.

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    8-Unit Brick Apartment Building
    8-Unit Brick Apartment Building

    420 Lordwith Drive Building B, Billings, MT 59102

    $1,841,880
    7,920 sqft

    Fully occupied two-story property with an active waitlist and an approved condo-conversion option.

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    Two-Unit Townhome Duplex
    Two-Unit Townhome Duplex

    2031, 2033 Meadowood Street, Billings, MT 59102

    $660,000
    6,170 sqft 0.25 AC lot

    Neighboring townhomes combine private outdoor areas with distinct floor plans and substantial interior living space.

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    Multifamily Investment Opportunity in Billings
    Multifamily Investment Opportunity in Billings

    1920 Old Hardin Rd, Billings, MT 59101

    $1,850,000
    9,016 sqft

    Two buildings, 13 units, potential for rent increases.

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    Remodeled Duplex with Deck
    Remodeled Duplex with Deck

    743 Clark Avenue, Billings, MT 59101

    $399,000
    1,536 sqft 0.16 AC lot

    Two separate residences feature updated interiors, shared laundry, central air, and fenced outdoor space.

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    Duplex with Two Rental Homes
    Duplex with Two Rental Homes

    22 Jefferson Street, Billings, MT 59101

    $225,000
    1,328 sqft

    Two tenant-occupied homes on one lot, including a 2-bedroom unit with bonus room and a 1-bedroom unit with attached two-stall garage.

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    Corner Lot Side-by-Side Duplex
    Corner Lot Side-by-Side Duplex

    947 Howard Avenue, Billings, MT 59101

    $224,900
    1,292 sqft 0.16 AC lot

    Side-by-side duplex with two 1-bedroom, 1-bath units and shared coin-op laundry, on a fenced corner lot.

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    Duplex With Detached Garage
    Duplex With Detached Garage

    1112 Sunnyside Lane, Billings, MT 59101

    $295,000
    1,456 sqft 0.15 AC lot

    Two separate living areas include private kitchens, bedrooms, bathrooms, shared laundry, and outdoor space.

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    Remodeled Duplex with Private Yards
    Remodeled Duplex with Private Yards

    1322 Babcock Circle, Billings, MT 59105

    $550,000
    3,276 sqft 0.22 AC lot

    Two split-level residences offer fireplaces, attached garages, fenced outdoor space, and updated interior finishes.

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    Billings, MT Multifamily Properties Market Trends and Statistics

    Explore 91 multifamily properties for sale in Billings, MT, showcased through 91 active listings on our real estate platform. These investment opportunities span a total of 246,930 square feet of properties for sale, with an estimated market value of $57,567,420.

    Sale prices for multifamily properties in Billings, MT start at $224,900, averaging $943,728, and reaching up to $9,363,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 35
    Apartment buildings 27
    Triplexes 12
    Quadplexes 9
    Mobile home & RV parks 5

    Demographics Overview

    Population 145K
    Population Growth (5Y) +7.5%
    Median Household Income $76,702
    College Educated 13.9%

    High-Yield Neighborhoods for Investment

    Identify Billings submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    59101 $525.9K
    59105 $1.1M
    59102 $1.2M
    59106 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.09%
    Property Tax per SF $15.06 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Yellowstone County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Yellowstone County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Billings fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Billings, MT

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    • 59102
    • 59105
    • 59106

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