5-Plex investment opportunity! Great CAP rate if rented at full potential. Billings Heights, near Lake Elmo. Currently there are 4 leased units with month to month tenancy and 1 open units. Updated with new kitchen cabinets, new kitchen appliances, paint and laminate flooring, washer/dryer hookup on main level, Gas fireplace for heating w/ thermostat or electric baseboard, no A/C, and each unit has a patio w/ fence partition. Ample parking and storage shed for each unit. New roof in 2019. * Investors, Current Gross and Net are not accurate with the vacancies and lower rent. Great time to secure tenants in with your own terms! 5-Plex requires Commercial Loan (not residential)
Multi-familyProperty Type
1985Year Built
0.28 acresLot Size
$149Price/Sq.Ft.
5 spacesParking
Listed by Heidi Brosovich• Montana Real Estate Brokers
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
—
Lot depth
—
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
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Style
Multi-Family (2-4 Unit)
County
Yellowstone County
APN
C01458
Parking Spaces
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Basement
—
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 Jul 2, 2025.
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
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 5
Parking Features: Additional Parking
Interior
Virtual Tour
Heating & Cooling
Cooling: None
Has Heating
Heating: Baseboard, Electric, Other
Interior Features
Appliances: Cooktop
Room Information
Laundry Features: Washer Hookup, Laundry Room
Unit Type 1 Information
Description: Dishwasher, Oven Range, Refrigerator
# of Bedrooms: 2
# of Bathrooms: 2
Actual Rent: $1,200
Unit Type 2 Information
Description: Dishwasher, Oven Range, Refrigerator
# of Bedrooms: 2
# of Bathrooms: 2
Actual Rent: $1,200
Unit Type 3 Information
Description: Dishwasher, Oven Range, Refrigerator
# of Bedrooms: 2
# of Bathrooms: 2
Actual Rent: $950
Unit Type 4 Information
Description: Dishwasher, Oven Range, Refrigerator
# of Bedrooms: 2
# of Bathrooms: 2
Actual Rent: $1,200
Exterior
Exterior Features
Exterior Features: Storage
Patio And Porch Features: Deck, Patio
Roof: Asphalt, Shingle
Building Information
Above Grade Finished Area: 5,600
Levels: Two
Construction Materials: Masonite
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Multi Family
Lot Information
Lot Features: Corner Lot, Landscaped
Lot Size Acres: 0.2762
Zoning Description: Mixed Residential 1
Financial
Tax Information
Tax Annual Amount: $4,018
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
Elementary School: Bench
Middle Or Junior School: Medicine Crow
High School: Skyview
Location Information
Subdivision Name: Superior Homes Sub
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Yellowstone County
APN: C01458
Home facts updated by county records on Jul 2, 2025
Other
Listing Information
List AOR: BillingsAssociationOfRealtors
Around this home
Schools
Bench Elementary School
Public PreK-5 • Assigned • 1.4mi
5/10
Medicine Crow Middle School
Public 6-8 • Assigned • 0.6mi
6/10
Skyview High School
Public 9-12 • Assigned • 1.9mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
89
62
86
59
79
52
64
40
48
29
45
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.7 hours in December, which is comparable to the
U.S. average for solar exposure.
10.3 hrs
3.7 hrs
JuneDecember
Provided by Shadowmap
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