Billings, MT Multifamily Properties for Sale

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62 properties

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Updated: Jun 15

Victorian Five-Plex in Central Billings

105 Yellowstone Avenue, Billings, MT 59101

$495,000

5,310 sqft 0.32 AC lot

5‑plex built in 1910 with a Victorian‑style design and 5 units
Each unit is 2‑bedroom, 1‑bath (Bedroom 1, Bedroom 2, Bathroom 1 as listed)
Unit rental history includes $850/month per unit, with the basement unit rented at $550/month
Additional income from 7 individual garage units renting for $95/month each
Heating is natural gas forced air; water and sewer are public (public water, public sewer)

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This listing looks promising.

Here's a quick look at some key insights for

105 Yellowstone Avenue, Billings, MT 59101

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Est. Cap Rate

9.1%
Above avg (5.9%)
Est. NOI

$45K
Annual
Price @ 7% Cap

$642K
Above asking
Property Type

Garden Apt, Court Apt
Built 1910

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Updated: Jul 14

Residential Income Property With Three Kitchens

539 Clark Avenue, Billings, MT 59101

$1,299,000

5,927 sqft 0.32 AC lot

Two buildings on two lots with 3 full kitchens and 7 bedrooms, plus multiple baths for flexible living arrangements
Built in 2011 with a contemporary design; Hardiplank siding and stucco exterior, with shingle/asphalt roof
Sustainability features include R50 walls, R80 roof, two solar arrays, and active heat recovery
Heating and cooling include ductless systems, electric heating, and solar heating
RV parking available, plus an impressive shop/multi‑car garage and an additional utility shed

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6-Plex Multifamily Building

4633 King Avenue W, Billings, MT 59106

$1,990,000

7,864 sqft 1.84 AC lot

Brand-new 6-plex with a unit mix spanning two- to three-bedroom layouts for a wide tenant audience.

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Five-Unit Apartment Building

405 Roxy Lane, Billings, MT 59105

$810,000

5,600 sqft 0.28 AC lot

Five two-bedroom, one-bath units on a corner lot with additional parking and individual decks/patios.

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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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Mid-Century 7-Plex Residential Income

709 Anchor Avenue, Billings, MT 59105

$750,000

3,652 sqft 0.24 AC lot

Mid-century 7-plex in Billings heights with all units remodeled since 2012 and multiple major exterior and systems updates.

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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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Ranch Duplex with Two Units

351 - 353 Montclair Drive, Billings, MT 59102

$699,000

5,088 sqft 0.24 AC lot

Ranch duplex offers two separate units with multiple bedrooms, basements, and recent exterior and electrical upgrades.

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Eco-Friendly Multifamily Property in Billings

2605 Minnesota Avenue, Billings, MT 59101

$1,800,000

12,720 sqft

Professionally designed, eco-friendly apartments with potential for additional revenue.

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Duplex with New ADU

113/115 Alderson Avenue, Billings, MT 59101

$500,000

2,949 sqft 0.16 AC lot

New construction ADU complements a 1916 bungalow in a residential income property offering flexible living and rental configurations.

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Two-Home Residential Income Property

507 Bench Boulevard, Billings, MT 59105

$799,500

2,195 sqft 1.18 AC lot

Two fully renovated residences on one lot, offering separate layouts and garage space for flexible living or rental use.

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Stabilized Multifamily Investment Opportunity

1439 & 1447 Flathead St, 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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Remodeled Duplex Investment Opportunity

1322 Babcock Circle, Billings, MT 59105

$550,000

3,276 sqft 0.22 AC lot

Remodeled duplex with leases in place until July.

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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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Three-Unit Downtown Income Property

240 Terry Avenue, Billings, MT 59101

$325,000

1,702 sqft 0.16 AC lot

Three leased residential units plus a detached two-car garage provide diversified rental options in central Billings.

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Purpose-Built Triplex Residence

2310 11th Avenue N, Billings, MT 59101

$800,000

3,420 sqft 0.16 AC lot

New-construction triplex with a two-unit upper layout and one larger lower unit designed for diversified rental needs.

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Westend Duplex with Two Garages

351 - 353 Montclair Drive, Billings, MT 59102

$699,000

5,088 sqft

Well-maintained duplex features updated exterior systems and two separate unit layouts with basement finished living space.

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Duplex with Private Entrances

1019 Poly Drive, Billings, MT 59102

$464,900

2,846 sqft 0.16 AC lot

Up and downstairs units each feature kitchens, living rooms, dedicated laundry, and separate private entry.

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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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Two-Home Residential Income Property

4640 Ruth Avenue, Billings, MT 59101

$320,000

1,831 sqft 0.19 AC lot

A two-home setup with an updated front house and a second rental accessible via alley for flexible occupancy options.

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Stabilized Multifamily Community

420 Lordwith Drive, Billings, MT 59102

$5,450,000

23,760 sqft

Stabilized 24-unit multifamily property in central Billings with full occupancy and an approved condo conversion.

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Stabilized Multifamily in Central Billings

420 Lordwith Drive, Billings, MT 59102

$5,450,000

23,760 sqft 0.55 AC lot

24-unit multifamily property with renovation upside and condo conversion potential.

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Mixed-Use Property with Commercial Building

504 N 20th St, Billings, MT 59101

$395,000

4,013 sqft

Two residential units plus a separate two-unit commercial building give flexible income and occupancy options.

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Turnkey Furnished Duplex Opportunity

3320 Ravalli Pl, Billings, MT 59102

$500,000

5,144 sqft 0.21 AC lot

Turnkey, fully furnished income property with separate entrances, two full kitchens, and eight bedrooms.

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Billings, MT Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Billings, MT, showcased through 62 active listings on our real estate platform. These investment opportunities span a total of 210,819 square feet of properties for sale, with an estimated market value of $39,686,900.

Sale prices for multifamily properties in Billings, MT start at $224,900, averaging $793,738, and reaching up to $5,450,000 — 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

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	$929.2K
59105	$1.1M
59102	$1.3M
59106	$1.3M

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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