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    Billings, MT Triplexes for Sale

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    Laurel, MT Stevensville, MT Huntley, MT La Center, WA Shepherd, MT Acton, MT Molt, MT Joliet, MT
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    Three-Unit Downtown Income Property
    Updated: Jul 17
    Three-Unit Downtown Income Property

    240 Terry Avenue, Billings, MT 59101

    $325,000
    1,702 sqft 0.16 AC lot
    3‑unit property with all units leased and all on month‑to‑month terms
    Includes a detached 2‑car garage plus 2 homes and a back house for multiple income‑producing options
    Main level unit has 3 beds and 1 bath, with washer/dryer hookup and a wall AC unit
    Lower level unit has 2 beds and 1 bath, with washer/dryer hookup
    Back house is approximately 700 SF with an open concept layout and 1 bath
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    This listing looks promising.

    Here's a quick look at some key insights for

    240 Terry Avenue, Billings, MT 59101

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    • Est. Cap Rate

      4.8%
      NOI ÷ price

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $222K
      Suggested

    • Property Type

      Single Family Residence
      Built 1919
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    Purpose-Built Triplex Residence
    Updated: Jul 18
    Purpose-Built Triplex Residence

    2310 11th Avenue N, Billings, MT 59101

    $800,000
    3,420 sqft 0.16 AC lot
    Triplex under construction, year built 2025, with purpose‑built layout for rental use
    Unit mix: two upper 2‑bedroom, 1‑bath units plus one lower 3‑bedroom, 2‑bath unit
    Projected pro forma rents: $1,600/month for each upper unit and $2,000/month for the lower unit
    Projected pro forma cap rate estimated at 6–7% based on current assumptions (buyer to verify)
    Heating includes natural gas forced air and ductless (heating); cooling includes ductless and central air
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    Up-Down Duplex Plus Back House
    Up-Down Duplex Plus Back House

    518 Wyoming Avenue, Billings, MT 59102

    $550,000
    0.15 AC lot

    Up-down duplex with a separate back house, each with kitchens, plus alley access and off-street parking.

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    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    524-526 Avenue E, Billings, MT 59102

    $600,000
    0.16 AC lot

    Triplex with three 2-bedroom, 1-bath units, patio-door access, and an additional storage area.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Triplex with Three Two-Bed Units
    Triplex with Three Two-Bed Units

    524-526 Avenue E, Billings, MT 59102

    $600,000
    0.16 AC lot

    Triplex offering three 2 bed/1 bath units with patio door access, plus a storage area and alley access.

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    Triplex Bungalow Residential Income
    Triplex Bungalow Residential Income

    2644 Rimrock Road, Billings, MT 59102

    $350,000
    1,800 sqft 0.27 AC lot

    Triplex bungalow totaling 1,800 sq. ft. on Rimrock Road, positioned near schools, shopping, colleges, and a hospital.

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    Commercial Development Land with Drive-Through
    Commercial Development Land with Drive-Through

    727 Bench Blvd, Billings, MT 59105

    Contact for pricing
    0.76 AC lot

    Two-parcel commercial land offering existing access points, stubbed utilities, and capacity for retail drive-through on the south lot.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 7 Active listings in Billings, MT, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Renovated Triplex Units
    Turnkey Renovated Triplex Units

    654 North Gould Street, Unit A B C, Sheridan, WY 82801

    $654,600
    1,563 sqft

    Three newly renovated 1-bedroom, 1-bath units are fully furnished and ready for immediate occupancy.

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    Downtown Triplex With Private Entrances
    Downtown Triplex With Private Entrances

    621 N Rouse Avenue, Bozeman, MT 59715

    $1,250,000
    2,745 sqft 0.24 AC lot

    Triplex for sale with three separate units, private entrances, and strong parking for flexible owner-occupant or rental use.

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    Triplex with Private Entrances
    Triplex with Private Entrances

    621 N Rouse Avenue, Bozeman, MT 59715

    $1,250,000
    0.24 AC lot

    Triplex on a 0.24-acre parcel with three separate units, including a larger 3-bedroom residence and two 1-bedroom units.

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    Turnkey Triplex with Furnished Units
    Turnkey Triplex with Furnished Units

    654 N GOULD ST, Sheridan, WY 82801

    Contact for pricing

    Turnkey three-unit triplex featuring newly renovated furnished one-bedroom apartments.

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    Billings, MT Triplexes Market Trends and Statistics

    Explore 7 triplexes for sale in Billings, MT, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 6,922 square feet of properties for sale, with an estimated market value of $3,225,000.

    Sale prices for three-family homes in Billings, MT start at $325,000, averaging $537,500, and reaching up to $800,000 — 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 38
    Apartment buildings 22
    Triplexes 7
    Quadplexes 4
    Mobile home & RV parks 1

    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
    59102 $350K
    59101 $662.3K

    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

    • 59102
    • 59101
    • 59105

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