Billings, MT Multifamily Homes & Duplexes for Sale

• 

  

  

  /26

  $365,000

  • 2,005 Sq Ft

  2646 Rimrock Rd, Billings, MT 59102

  Fully Rented Duplex! This fully rented duplex is a fantastic opportunity to step into ownership with rental income from day one. Located near schools, shopping, and amenities, it’s a smart addition to any investment portfolio.

  

  Jamie Lee Rindahl

  eXp Realty, LLC - Billings

  (406) 578-7423

  2646 Rimrock Rd, Billings, MT 59102
• Explore Billings

• 

  

  

  /22

  $350,000

  • 1,800 Sq Ft

  2644 Rimrock Rd, Billings, MT 59102

  Great Investment Opportunity! This triplex offers an incredible opportunity for investors. Situated near schools, shopping, colleges, and the hospital—this is a highly desirable rental location on Rimrock Road. Add it to your portfolio for a rare multi-unit package.

  

  Jamie Lee Rindahl

  eXp Realty, LLC - Billings

  (406) 476-5024

  2644 Rimrock Rd, Billings, MT 59102
• 

  

  /2

  $665,000

  • 5,096 Sq Ft

  10 Miners Place, Billings, MT 59105

  This is a true opportunity to acquire a fully-equipped, income-producing property.Each unit features a sought-after layout with 2 bedrooms and 1 updated bathroom.All kitchens have been moderately updated with white cabinets. Some units have newer flooring. All units offer washer and dryer hookups, a key feature that attracts and retains quality tenants. A significant draw for tenants,

  

  Deb Parker

  Parker & Co.

  (406) 508-5573

  10 Miners Place, Billings, MT 59105
• 

  

  

  /14

  $225,000

  612 N 15th St, Billings, MT 59101

  Investment Opportunity! This property offers incredible potential for the savvy investor. The front home features 2 bedrooms and 1 bathroom, currently rented. Behind the main house, you’ll find an efficiency ADU with alley access, perfect for additional income or guest accommodations. Also included on the property is a mobile home shell, providing an opportunity for someone to finish and maximize

  

  Jamie Lee Rindahl

  eXp Realty, LLC - Billings

  (406) 980-8840

  612 N 15th St, Billings, MT 59101
• 

  

  

  /16

  $450,000

  • 4,240 Sq Ft

  1332 Hawthorne Ln, Billings, MT 59105

  Ideal duplex for the investor. Sellers offering $10,000 flooring allowance for Unit 1332Ideal for a homeowner, this unit The main living area has an open floor plan and is highlighted by a cozy gas fireplace and an oak kitchen. It includes a spacious dining area and washer and dryer hookups. The unit offers two bedrooms on the main floor, along with a basement that includes an egress bedroom

  

  Deb Parker

  Parker & Co.

  (406) 604-8231

  1332 Hawthorne Ln, Billings, MT 59105
• 

  

  /36

  $1,099,000

  • 6 Beds
  • 5.5 Baths
  • 7,248 Sq Ft

  2587 Sage Mountain Rd, Billings, MT 59101

  An idyllic retreat spanning 40 acres awaits you! This luxurious six-bedroom, five-and-a-half-bath residence encompasses every amenity you could desire and more. Revel in breathtaking views from multiple decks and patios, ideal for both entertaining and unwinding in a natural setting. The generous interior boasts a loft sitting area, a theater room, and a family room complete with a wet bar and

  

  Marc Osborn

  Montana Real Estate Brokers

  (406) 606-6757

  2587 Sage Mountain Rd, Billings, MT 59101
• 

  

  /22

  $249,000

  • 1,424 Sq Ft

  319 S 37th St, Billings, MT 59101

  Great potential at a strong price point with this well-kept duplex. The front unit is a 2-bed, 1-bath ranch-style layout and is currently rented. The back unit has its own entry and functions like an apartment: a main-level bedroom with new carpet and paint, and the remaining living space downstairs including a kitchen, family room, bathroom, and a non-egress bonus room. Recent improvements to

  KIMBERLY EHRLICH Western Skies Real Estate

  319 S 37th St, Billings, MT 59101
• 

  

  /35

  $399,950

  • 2,136 Sq Ft

  1730-32-34 Lake Elmo Dr, Billings, MT 59105

  Triplex with 3 - 2 Bedroom 1 Bath units. The 2 front units have identical floors plans just flipped. Both upper units have hardwood floors throughout except baths & kitchens & each have a 2nd entrance on the side. Both have decorative non-working fireplaces. 2 car parking directly in front of each unit. Lower unit is also 2 Bedroom 1 bath with ceramic tile throughout & 2 car parking right outside

  Denine Hritz H BAR S Real Estate

  1730-32-34 Lake Elmo Dr, Billings, MT 59105
• 

  

  /22

  $289,000

  • 2,156 Sq Ft

  611 Custer Ave, Billings, MT 59101

  Up-Down Duplex for investment buyer or live on main floor and supplement your payment by renting out the basement apartment. Main level has 2 beds, 1 bath. Basement apartment also features 2 bedroom and 1 bath and has separate entrance off of the back of home. Both upper and lower have individual in-unit laundry. Fenced back yard and 1 stall garage currently used by main floor tenant and

  Kim Edinger Meridian Real Estate LLC

  611 Custer Ave, Billings, MT 59101
• 

  

  /17

  $269,000

  • 1,368 Sq Ft

  618 & 620 Howard Ave, Billings, MT 59101

  Two homes on one lot conveniently located in mid-town and close to shopping, park and schools. Investment opportunity, multi-generational living or supplement your house payment by living in one and renting out the other. Front house is 1 bed, 1 bath and 528 sqft and built in 1940. Back house 1 bed, 1 bath and 840 sqft and built in 1955. Both homes have a single car garage, off street parking,

  Kim Edinger Meridian Real Estate LLC

  618 & 620 Howard Ave, Billings, MT 59101
• 

  

  /36

  $659,000

  • 3,276 Sq Ft

  1322 Babcock Cir, Billings, MT 59105

  Looking for a duplex investment? Look no further! Both units were remodeled a few years back with nice fixtures, appliances and LVP flooring. Each unit is a split level style, featuring on the upper level: open living/dining room with wood fireplace, kitchen with stainless appliances and granite counters, 2 bedrooms and full bath. Lower level offers an additional family room with wood fireplace,

  SaraBeth Owens Western Skies Real Estate

  1322 Babcock Cir, Billings, MT 59105
• 

  

  /31

  $369,000

  • 2,014 Sq Ft

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

  Front-to-back duplex with new exterior paint and a great mix of updates and character. The front unit offers 2 bedrooms, 1 bath, plus a bonus room and laundry in the basement. The back apartment feels private, with its own entry, new carpet and paint, remodeled bathroom, and updated kitchen countertops. Freshly painted deck, improved landscaping, and mature trees give this property curb appeal.

  KIMBERLY EHRLICH Western Skies Real Estate

  334 & 334 1/2 Yellowstone Ave, Billings, MT 59101
• 

  

  /15

  $355,000

  • 1,924 Sq Ft

  109 16th St W, Billings, MT 59102

  AFFORDABLE UP/DOWN HOME in a convenient location close to schools – shopping – restaurants – bowling & groceries! With 2 bedrooms, 1 full bath unit on the main floor as well as an additional full living space downstairs featuring EGRESS windows, 2 bedrooms 1 full bath and a complete kitchen make for a great opportunity for an owner-occupied investment property or great single-family home. Some of

  Brian Borich ERA American Real Estate

  109 16th St W, Billings, MT 59102
• 

  

  /27

  $414,900

  • 1,768 Sq Ft

  1723 Alderson Ave, Billings, MT 59102

  PERFECT! Perfect home & Perfect location! Entire home was beautifully custom re-designed & renovated in 2022 to blend MODERN charm with VERY thoughtful updates~ including a NEW double car garage with easy alley access. Main Floor showcases a NEW kitchen with granite counters and SS appliances, Refinished hardwood floors, NEW tiled main floor bathroom w/ seated shower and Washer/Dryer hookups (IF

  Wayne Reiter T & E Realty

  1723 Alderson Ave, Billings, MT 59102
• 

  

  /20

  $164,900

  • 1,354 Sq Ft

  3510 5th Ave S, Billings, MT 59101

  Stellar investment opportunity! Affordable up/down style home! 2 bedroom 1 full bathroom unit on main level, 1 bedroom 1 full bathroom in basement level. Some windows were replaced in 2024 and 2025. New gutters 2025. New powerline hookup to the house for northwestern energy 2025. Upstairs apartment refresh remodel in 2025 - upstairs, new carpet, new paint in the bedrooms & new kitchen faucet. Off

  Elizabeth Shumaker White Lotus Realty

  3510 5th Ave S, Billings, MT 59101
• 

  

  /30

  $415,000

  • 2,115 Sq Ft

  725 Broadwater Ave, Billings, MT 59101

  Check out this up/down duplex! Clean and move in ready. Live in one apartment and rent the other. Both units are 3 bedroom and 1 bathroom. Wiring and plumbing have been updated as well as new carpet and LVP flooring throughout. This is a great investment opportunity.

  April VandenBosch REAL Broker

  725 Broadwater Ave, Billings, MT 59101
• 

  

  /9

  $95,000

  1003 Wyoming Ave, Billings, MT 59102

  Multi-family lot located in town with city-approved building plans already. This property is ready fordevelopment, offering builders the option to move forward with the existing plans or design their own.Convenient location close to amenities makes it a strong opportunity for future income or resale.

  Todd Harp Century 21 Hometown Brokers

  1003 Wyoming Ave, Billings, MT 59102
• 

  

  /25

  $399,900

  • 4 Beds
  • 2 Baths
  • 1,644 Sq Ft

  1143 N 24th St, Billings, MT 59101

  This turnkey duplex offers a rare investment opportunity in a high-demand area. Ideally located near hospitals and Billings’ vibrant downtown, the property is perfectly suited for investors seeking both passive and active income. The upper unit operates as a fully furnished Airbnb with excellent rental potential, while the lower unit is leased on a short-term basis. Providing consistent income

  Truthe West Keller Williams Yellowstone Properties

  1143 N 24th St, Billings, MT 59101
• 

  

  /17

  $426,000

  • 1,698 Sq Ft

  3121 & 3123 Prairie Dr, Billings, MT 59101

  Oasis opportunity in Lockwood! The main unit has a large covered patio with 2 entries to the house. Storage area and mud room on one entry. Attic and crawl space access are both located in the walk in closet on 3121. 3 separate septic tanks are located on the property, 2 of the septic tanks run to 3121 (main house), the third septic tank runs to 3123. Well on the property has access to the

  Coleson Grewell Keller Williams Yellowstone Properties

  3121 & 3123 Prairie Dr, Billings, MT 59101
• 

  

  /4

  $389,900

  • 2,316 Sq Ft

  1114 N 24th St, Billings, MT 59101

  Fantastic Investment Opportunity. 4 Units within walking distance to the hospitals, downtown and college. Low Vacancy. Well maintained One 2 Bedroom Unit, 2 One Bedroom Units, One Efficiency Unit. All units have their own electric meters. Sunnyside Water Association supplies irrigation water

  Brenda Zimmerer A A A Realty, Inc.

  1114 N 24th St, Billings, MT 59101
• 

  

  /3

  $397,900

  • 2,240 Sq Ft

  1121 N 24th St, Billings, MT 59101

  Fantastic Investment Opportunity. 4 Units within walking distance to the Hospitals, Downtown and Colleges. Low Vacancy. Well maintained 3 One Bedroom Units and One Efficiency Unit 3 Garages that are rented separately for $265.00 per month. There is also on site coin-op laundry for added income. All units have separate electric meters. Sunnyside Water Association provides the water for irrigation.

  Brenda Zimmerer A A A Realty, Inc.

  1121 N 24th St, Billings, MT 59101
• 

  

  /33

  $399,000

  • 2,798 Sq Ft

  428 Custer Ave, Billings, MT 59101

  Polished mid-century modern duplex in Billings blends architectural character with returns worth taking a pencil to. The upper residence brings in 1,900 per month and includes a private backyard and a dedicated one-car garage. The lower residence produces 1,250 per month, showcases a newly updated kitchen cabinetry, and enjoys its own private backyard plus two exterior doors and expansive rear

  Jared English Congress Realty

  428 Custer Ave, Billings, MT 59101
• 

  

  /7

  $650,000

  • 3,808 Sq Ft

  1635 Kelby Dr, Billings, MT 59105

  Incredible investment opportunity! Rent them all or live in one unit and rent the others!! Fourplex with all 2 bed/1 bath units and detached garages (one garage per unit with manual doors) plus additional off-street parking. Two units upstairs and two units downstairs. Boiler system for heat offers efficiency. Landlord pays water, gas (boiler), sewer and garbage; tenants pay electricity. 100

  Korinne Rice Berkshire Hathaway HS Floberg

  1635 Kelby Dr, Billings, MT 59105
• 

  

  /7

  $650,000

  • 3,808 Sq Ft

  1612 Kelby Dr, Billings, MT 59105

  Incredible investment opportunity! Rent them all or live in one unit and rent the others!! Fourplex with all 2 bed/1 bath units and detached garages (one garage per unit with manual doors) plus additional off-street parking. Two units upstairs and two units downstairs. Boiler system for heat offers efficiency. Landlord pays water, gas (boiler), sewer and garbage; tenants pay electricity. 100

  Korinne Rice Berkshire Hathaway HS Floberg

  1612 Kelby Dr, Billings, MT 59105
• 

  

  /7

  $650,000

  • 3,728 Sq Ft

  2032 Clubhouse Way, Billings, MT 59105

  Incredible investment opportunity! Rent them all or live in one unit and rent the others!! Fourplex with all 2 bed/1 bath units and detached garages (one garage per unit with manual doors) plus additional off-street parking. Two units upstairs and two units downstairs. Landlord pays water, sewer and garbage; tenants pay electricity and gas. 100 percent occupancy with long-term tenants in many

  Korinne Rice Berkshire Hathaway HS Floberg

  2032 Clubhouse Way, Billings, MT 59105
• 

  

  /6

  $650,000

  • 3,808 Sq Ft

  1643 Kelby Dr, Billings, MT 59105

  Incredible investment opportunity! Rent them all or live in one unit and rent the others!! Fourplex with all 2 bed/1 bath units and detached garages (one garage per unit with manual doors) plus additional off-street parking. Two units upstairs and two units downstairs. Boiler system for heat offers efficiency. Landlord pays water, gas (boiler), sewer and garbage; tenants pay electricity. 100

  Korinne Rice Berkshire Hathaway HS Floberg

  1643 Kelby Dr, Billings, MT 59105
• 

  

  /6

  $650,000

  • 3,808 Sq Ft

  1628 Kelby Dr, Billings, MT 59105

  Incredible investment opportunity! Rent them all or live in one unit and rent the others!! Fourplex with all 2 bed/1 bath units and detached garages (one garage per unit with manual doors) plus additional off-street parking. Two units upstairs and two units downstairs. Boiler system for heat offers efficiency. Landlord pays water, gas (boiler), sewer and garbage; tenants pay electricity. 100

  Korinne Rice Berkshire Hathaway HS Floberg

  1628 Kelby Dr, Billings, MT 59105
• 

  

  /6

  $650,000

  • 3,808 Sq Ft

  1627 Kelby Dr, Billings, MT 59105

  Incredible investment opportunity! Rent them all or live in one unit and rent the others!! Fourplex with all 2 bed/1 bath units and detached garages (one garage per unit with manual doors) plus additional off-street parking. Two units upstairs and two units downstairs. Boiler system for heat offers efficiency. Landlord pays water, gas (boiler), sewer and garbage; tenants pay electricity. 100

  Korinne Rice Berkshire Hathaway HS Floberg

  1627 Kelby Dr, Billings, MT 59105
• 

  

  /5

  $650,000

  • 3,808 Sq Ft

  1636 Kelby Dr, Billings, MT 59105

  Incredible investment opportunity! Rent them all or live in one unit and rent the others!! Fourplex with all 2 bed/1 bath units and detached garages (one garage per unit with manual doors) plus additional off-street parking. Two units upstairs and two units downstairs. Boiler system for heat offers efficiency. Landlord pays water, gas (boiler), sewer and garbage; tenants pay electricity. 100

  Korinne Rice Berkshire Hathaway HS Floberg

  1636 Kelby Dr, Billings, MT 59105
• 

  

  /6

  $650,000

  • 3,808 Sq Ft

  1621 Kelby Dr, Billings, MT 59105

  Incredible investment opportunity! Rent them all or live in one unit and rent the others!! Fourplex with all 2 bed/1 bath units and detached garages (one garage per unit with manual doors) plus additional off-street parking. Two units upstairs and two units downstairs. Boiler system for heat offers efficiency. Landlord pays water, gas (boiler), sewer and garbage; tenants pay electricity. 100

  Korinne Rice Berkshire Hathaway HS Floberg

  1621 Kelby Dr, Billings, MT 59105
• 

  

  /14

  $425,000

  • 1,536 Sq Ft

  743 Clark Ave, Billings, MT 59101

  Turn-key investment opportunity. Fully remodeled up-down duplex. 2 bed 1 bath main level unit with wood floors, and updated kitchen. 1 bed 1 bath basement apartment with tall ceilings, stainless appliances, gas range with hood, quartz countertops, and walk in tile shower. Basement has a shared laundry room. Newer roof and exterior paint. new deck at rear entrance and the deck at front

  Joe Lipskis Century 21 Hometown Brokers

  743 Clark Ave, Billings, MT 59101
• 

  

  /10

  $320,000

  • 4,269 Sq Ft

  304 S 35th St, Billings, MT 59101

  This is a great investment opportunity producing a steady income with an appealing capitalization rate. There is a covered front porch with a secure entrance for the main floor and upstairs tenants. Each unit has a private entrance. There is coin-op laundry in the basement available to all tenants. Electric is individually metered for each unit. Owner of property pays natural gas and water and

  Kristyn Lehman Heavenly Homes, Inc.

  304 S 35th St, Billings, MT 59101
• 

  

  /13

  $249,000

  • 1,480 Sq Ft

  1041 N 25th St, Billings, MT 59101

  Great investment opportunity in downtown Billings. This charming downtown Billings up down duplex features a private entry for each unit. It is an income generating property with lots of built in charm. The upstairs unit features two bedrooms and one full bathroom. It has a bright, sunlit living area with hardwood floors for the tenants to enjoy. The downstairs unit features 1 bedroom and a full

  Kristyn Lehman Heavenly Homes, Inc.

  1041 N 25th St, Billings, MT 59101
• 

  /2

  $225,000

  • 2,010 Sq Ft

  722 N 17th St, Billings, MT 59101

  Here is your opportunity to own a 2 house triplex near downtown! The front house is rented as one unit, and the back house is rented as an up/down duplex. Tenants pay all utilities except for water. Recent tree removal by owner. Seller financing available. Please contact agent for details.

  Kristyn Lehman Heavenly Homes, Inc.

  722 N 17th St, Billings, MT 59101
• 

  

  /24

  $1,630,000

  Block 1 Lot 5 Hawk Creek Ave, Billings, MT 59106

  This amazing lot covers just under 2.2 acres, WELL POSITIONED between Albertsons, First Interstate Bank and Diamond X - a highly desirable COMMERCIAL location that boasts excellent visibility and substantial traffic. As ONE OF THE LAST LOTS available lots in a rapidly evolving business corridor, it presents an opportunity for development. The area is already thriving with a diverse mix of

  Rachel Court Coldwell Banker The Brokers

  Block 1 Lot 5 Hawk Creek Ave, Billings, MT 59106
• 

  

  /15

  $314,900

  • 1,800 Sq Ft

  502 Lewis Ave, Billings, MT 59101

  Prime Location – Updated Up/Down Duplex Near Downtown BillingsThis well-maintained duplex is just minutes from the vibrant city center of Billings, offering convenience and investment potential. Recent upgrades include plumbing and electrical improvements for peace of mind, plus newer basement windows for energy efficiency and safety. The lower-level bedroom features proper egress, and

  W.F. Frosty Erben Keller Williams Yellowstone Properties

  502 Lewis Ave, Billings, MT 59101
• 

  

  /27

  $770,000

  • 4,660 Sq Ft

  3515-3517 Central, Billings, MT 59102

  Flexible ownership options & opportunities. Whether you're an investor looking for a full duplex, a homeowner wanting to live in one side & rent the other, or a buyer interested in one unit, this property offers the flexible ownership. This is a legal duplex, priced at $770,000 for both sides, this has a stellar rent history & is still in tip-top like new condition. A great floor plan with open

  Polly Kovash Metro, REALTORS L.L.P

  3515-3517 Central, Billings, MT 59102
• 

  

  /3

  $440,000

  1226 Buffalo Crossing Dr, Billings, MT 59106

  Great opportunity for a smaller multi townhouse project. Current layout has been reviewed by the city and shows eleven 3-bedroom 2.5-bath 1 car garage townhomes. Master Site plan engineering nearly complete. Storm water designed with major subdivision so no need for on site retention. Bring your builder or Classic Design Homes can design/build for you.

  Douglas Wild Century 21 Hometown Brokers

  1226 Buffalo Crossing Dr, Billings, MT 59106
• 

  

  /35

  $439,000

  • 2,196 Sq Ft

  626 Wyoming Ave, Billings, MT 59101

  Landlords dream rental and/or Perfect extended family home! Home has had a complete remodel upstairs up and down. All new appliances both up and downstairs. New flooring, paint and windows. Kitchen cupboards, counters and faucets through our home. Also, new baths through out. Downstairs all new plumbing through out, including new to the alley. New electrical, insulation and sheet rock downstairs.

  Robin Martell Martell & Associates

  626 Wyoming Ave, Billings, MT 59101
• 

  /2

  $75,000

  301 S 32nd St, Billings, MT 59101

  This lot is zoned NX3-Mixed Residential 3 - 5 or more units. High Density housing is permitted. Sellers own the complex adjacent to the south and it is listed for sale - see MLS #351932. Owning this lot in addition to the 11 single family rental units is a unique opportunity that rarely is ever offered. Tremendous potential for generational income.

  Jeff Klaus Meridian Real Estate LLC

  301 S 32nd St, Billings, MT 59101

Showing Results 1 - 40, Page 1 of 2

Why Live in Billings

Billings residents enjoy exploring ancient Native American rock art at Pictograph Cave State Park and hiking along the dramatic sandstone Rimrocks that frame the city skyline. The Yellowstone Art Museum showcases regional artwork with free admission, while the Alberta Bair Theater hosts Broadway shows and concerts downtown. Local dining highlights include the World Food Championship-winning Burger Dive and upscale establishments like TEN at The Northern Hotel, which specializes in steak and elk dishes. The city's location provides easy access to outdoor recreation at the Beartooth Mountains and Yellowstone National Park, which sits three hours away.

The Billings real estate market encompasses diverse price points across its neighborhoods. The median single-family home price reaches $440,000 in North Central Billings, while West Shiloh commands $539,900. More affordable options exist in Shiloh at $195,000 and Lockwood at $82,500. One-bedroom condos have a median price of $535,000, while two-bedroom units average $235,000. The overall median home sale price in Billings is $369,500.

Living costs run slightly below the national average at 1.5% less. A family with school-age children needs approximately $104,000 annually to live comfortably, while renters should aim for $54,000. Property taxes remain reasonable at 0.84%, and Montana has no sales tax. The public school system includes highly rated Elysian Elementary School, while private options like Trinity Lutheran School and Billings Central Catholic High School maintain A minus ratings. Montana State University Billings provides higher education opportunities. MET Transit operates bus routes Monday through Saturday, though service remains limited compared to larger cities.

Learn more about living in Billings

Home Trends in Billings, MT

On average, homes in Billings, MT sell after 30 days on the market compared to the national average of 53 days. The median sale price for homes in Billings, MT over the last 12 months is $362,874, up 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$362,874

Median Single Family Sale Price

$289,900

Median Townhouse Sale Price

$363,874

Median 2 Bedroom Sale Price

$223,750

Median 1 Bedroom Sale Price

$535,000

Average Price Per Sq Ft

$205

Number of Homes for Sale

819

Last 12 months Home Sales

72

Months of Supply

136.50

Median List Price

$329,900

Median Change From 1st List Price

0%

Median Home Sale Price YoY Change

2%