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Lockwood Multifamily Home for Sale

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    $249,900

    • 1,356 Sq Ft

    242 Hemlock Dr, Billings, MT 59101

    Investment opportunity in Lockwood! This property features two separate homes on one lot—perfect for rental income. The first is a two-bedroom, one-bath single-family home, and the second is a one-bedroom, one-bath mobile home. Both units offer strong rental potential in a convenient location.

    Shawna Morales Engel & Voelkers

    242 Hemlock Dr, Billings, MT 59101

Why Live in Lockwood

Lockwood, a neighborhood in Billings, features a variety of home styles, including split-level and ranch-style houses from the late 20th century, as well as newer Craftsman-inspired homes on hilly terrain. The area is characterized by large yards, some up to an acre, suitable for gardens, RV storage, and workshops. Lockwood offers several pocket parks, such as Hillner Park with a disc golf course and Count Park with a baseball diamond. The nearby Four Dances Recreation Area provides a 2-mile trail with scenic views, while Pictograph Cave State Park showcases ancient cave paintings. Dining options are limited to fast food and a few local spots like Jin’s Buffet and Yellowstone Coffee and Canvas, but downtown Billings is easily accessible via Interstate 90, just 5 miles away. MetraPark, across the river, hosts major events and concerts, including the annual MontanaFair. The neighborhood lacks public transportation, bike lanes, and sidewalks, making cars essential for getting around. Lockwood Schools serve the local children, though they have mixed ratings. The area is safer than the national average, contributing to its appeal for families.

Home Trends in Lockwood, MT

Housing Trends

Median Sale Price
$280,000
Median Single Family Sale Price
$84,950
Average Price Per Sq Ft
$142
Number of Homes for Sale
39
Last 12 months Home Sales
73
Months of Supply
6.40
Median List Price
$187,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-10%
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