Billings, MT Residential Income Properties for Sale

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Updated: Apr 13

Multi-Family Property with 8-Plex

3012 and 902 9th Ave S, Billings, MT 59101

$525,000

5,451 sqft · 0.17 AC lot

Multi‑family property on one tax code with two buildings: an 8‑plex plus a single‑family residence
8‑plex unit mix: one 2‑bed/1‑bath, six 1‑bed/1‑bath, and one studio unit
Single‑family unit has 2 bedrooms and 1 bathroom
All units are rented
Public water and public sewer

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Here's a quick look at some key insights for

3012 and 902 9th Ave S, Billings, MT 59101

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Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$46K
Annual
Price @ 7% Cap

$659K
Above asking
Property Type

Single Family Residence
Built 1930

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Updated: Jul 4

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 independent living suite connected to the main house
Three full kitchens and seven bedrooms across the residences
2011 build with contemporary architectural style
Energy features include R50 walls, R80 roof, two solar arrays, and active heat recovery
Heating and cooling: electric and ductless systems with ductless cooling

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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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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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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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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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Remodeled 7-Plex Investment Property

709 Anchor Avenue, Billings, MT 59105

$775,000

3,652 sqft · 0.24 AC lot

Mid-century 7-unit building that is fully rented, with major updates since 2012 including roof, boiler, windows, doors, and remodels.

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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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Award-Winning Billings Event Venue

720 Washington St, Billings, MT 59101

$1,985,000

9,244 sqft · 3.00 AC lot

Montana lifestyle opportunity: event venue, gardens, homes, and income.

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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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West End Billings Business Opportunity

3320 Ravalli Pl, Billings, MT 59102

$500,000

5,144 sqft · 0.21 AC lot

Turn-key sober living home or duplex opportunity in Billings' West End.

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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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Victorian Five-Plex in Central Billings

105 Yellowstone Avenue, Billings, MT 59101

$495,000

5,310 sqft · 0.32 AC lot

Unique investment opportunity: five units, garages, potential single-family conversion.

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Billings Multifamily Sober Living Home

3320 Ravalli Pl, Billings, MT 59102

$500,000

5,144 sqft · 0.21 AC lot

Turn-key sober living home in Billings' West End.

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West End Duplex Opportunity

1128 - 1130 Buffalo Crossing Drive, Billings, MT 59106

$769,800

3,084 sqft · 0.21 AC lot

Spacious duplex in a growing neighborhood, ideal for investors.

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Front-to-Back Duplex with Garage

334 & 334 1/2 Yellowstone Avenue, Billings, MT 59101

$319,900

2,014 sqft · 0.16 AC lot

Front-to-back duplex in Billings offering two separate apartments, each with a porch and ample garage space.

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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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Income-Producing Duplex with Garage

3415 Poly Drive, Billings, MT 59102

$379,900

2,519 sqft · 0.18 AC lot

Up-down duplex with garage, fenced yard, and coin laundry.

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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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Up-Down Duplex with Separate Meters

809 Wyoming Avenue, Billings, MT 59101

$349,000

1,920 sqft · 0.16 AC lot

Up-down duplex offers two self-contained units with separate electrical meters, fenced yard, and off-street parking.

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Billings Duplex with Garage

611 Avenue E, Billings, MT 59102

$350,000

1,320 sqft · 0.16 AC lot

Two-unit duplex with garage, previously used as short-term rental.

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Billings Ranch Style Multi-Family

1127 - 1129 Buffalo Crossing Drive, Billings, MT 59106

$769,800

3,104 sqft · 0.21 AC lot

Single-level townhomes with modern amenities and convenient location.

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Ranch-Style Duplex in Billings, MT

130-132 Stillwater Ln, Billings, MT 59105

$400,000

2,368 sqft · 0.30 AC lot

Well-maintained duplex with rental history on a large lot.

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Three-Unit Multifamily Investment Property

4131 Buchanan Avenue, Billings, MT 59101

$225,000

1,996 sqft · 0.14 AC lot

Fully rented triplex with consistent income potential near downtown Billings.

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Billings, MT Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Billings, MT, showcased through 55 active listings on our real estate platform. These investment opportunities span a total of 774,878 square feet of properties for sale, with an estimated market value of $55,012,950.

Sale prices for residential income properties in Billings, MT start at $224,900, averaging $1,018,758, and reaching up to $6,317,000 — 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	$966.9K
59105	$1.1M
59102	$1.2M
59106	$1.8M

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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