5-plex investment opportunity in Billings Heights near Lake Elmo. Property consists of five 2 bed, 1 bath units, each approximately 1,120 sq ft, offering consistent rental demand. Current rents range from $1,050–$1,200 with strong income potential and room for future growth. Situated on a corner lot with additional parking, underground sprinklers, storage, and deck/patio features. Utilities include public water and sewer with electric baseboard heat. Well-located near schools, shopping, and amenities. Solid opportunity for investors seeking a stable asset in a desirable area.
Billings Heights, located between the Yellowstone River and Alkali Creek, is a residential and hillside Billings neighborhood with wide-open sky views and a grid of mid-century streets. The neighborhood’s character concentrates around Main Street and Wicks Lane, where local diners, auto shops, and everyday services set a practical, lived-in rhythm. The Heights’ go-to gathering spots include The Divide Bar & Grill, The Sassy Biscuit Co., and the MetraPark grounds for concerts and events. Homes range from classic ranches to newer builds on larger lots, with big-sky sightlines toward the rims. Trailheads and open space around Four Dances and the river corridor shape an outdoors-forward routine. Commuter routes funnel toward downtown while keeping the feel distinctly above the valley.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Storage
Bedrooms
Multiple 2-bedroom units (several units each with 2 bedrooms)
Bathrooms
Multiple 2-bath units (several units each with 2 bathrooms)
Kitchen
No specific kitchen appliance details provided
Laundry & utility
Washer hookup
Heating & cooling
Baseboard heating
Electric heating
No cooling
Exterior features
Deck
Patio
Landscaped corner lot
Home design
Multi-family residential income property
Two-story building
Subdivision: Superior Homes
Parking
5 parking spaces
Additional parking available
Construction
Masonite exterior
Asphalt shingle roof
Utilities
Public water
Public sewer
Financial info
Operating as residential income with multiple rented units
Sample unit rents reported around $1,050–$1,200 per unit
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Single Family Residential
County
Yellowstone County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on May 29, 2024.
NX1
Mixed Residential 1 District
The NX1 district is intended to continue the character of the first neighborhoods with single-family, two-family, and small-scale multiple-family homes with 3 to 4 units. Multiple-family homes are intended to match the scale of the neighborhood single-family homes with characteristics such as building width, parking and garages location, roof design, and doors and windows on the front facades.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Day care facility
Hospital / medical center
Housing-Single unit
Housing-Multiple units
Educational/school
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
13% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 96° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Billings, MT • 59105
Average low and high temperatures (°F)
39
22
38
16
55
33
59
36
71
47
76
53
86
59
86
59
80
52
64
40
48
29
45
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
98/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.