Billings, MT Multifamily Homes & Duplexes for Sale

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  /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
• Explore Billings

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  /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
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  /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
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  /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
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  /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
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  /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
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  /17

  $297,000

  • 1,440 Sq Ft

  526 Custer Ave, Billings, MT 59101

  Ranch-style, side-by-side duplex in a great central Billings location with long-term tenants in place. Each unit offers 2 bedrooms and 1 bath, plus a shared basement laundry room with a boiler for heat. Features include a double-car garage in front, additional rear garage, and a spacious backyard with underground sprinklers. Exterior newly painted in 2025 with an updated roof. One unit has

  KIMBERLY EHRLICH Western Skies Real Estate

  526 Custer Ave, Billings, MT 59101
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  /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
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  /20

  $175,000

  • 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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /10

  $335,000

  • 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
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  /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
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  /2

  $235,000

  • 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
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  /34

  $455,000

  • 1,934 Sq Ft

  229 Avenue B, Billings, MT 59101

  Completely renovated North Billings home featuring a basement apartment with a separate entry. Nestled on a quiet, tree-lined street near Pioneer Park and the hospital, this home has the perfect setup for multi-generational living or generating rental income. With new plumbing, electrical, windows, flooring, paint, appliances, and an Ikea closet system, there is not much left to do except to

  Lindsey Mishler PureWest Real Estate - Red Lodge

  229 Avenue B, Billings, MT 59101
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  /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
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  /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
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  /4

  $410,000

  111 N 23rd St, Billings, MT 59101

  Great opportunity! This lot features a multi-family property with 2 separate buildings, a duplex, and a 4 plex on one tax code in the heart of Billings, MT. The duplex has 1 bed 1 bath on each side (one level. The 4 plex has 1 studio, 2- 1 bedroom units, 1- 2 bedroom unit). This property is located in the CBD district,which allows mixed use intended to continue existing character of walkable

  Jeanne Peterson Berkshire Hathaway HS Floberg

  111 N 23rd St, Billings, MT 59101
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  /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
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  /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
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  /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
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  /27

  $884,800

  • 3,892 Sq Ft

  1220-1222 Buffalo Crossing Dr, Billings, MT 59106

  Are interest rates holding you back?! Seller is offering an $8,000 credit toward a buyer’s interest rate buydown! Lot is approved for a 1,050 SF detached accessory unit—shop/garage or shop/garage/dwelling combo—ideal for rental income, storage, or multigenerational living. This stunning new-construction duplex townhome by 3CB, a local builder, offers four-bedroom units with a versatile main-level

  Gabriel Salley ERA American Real Estate

  1220-1222 Buffalo Crossing Dr, Billings, MT 59106
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  /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
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  /26

  $425,000

  • 2,368 Sq Ft

  130 132 Stillwater Ln, Billings, MT 59105

  Updated ranch style side by side duplex. Solid investment or convenient owner occupant opportunity. Property sits on large lot with undeveloped space to unwind and watch the wildlife. Attached garage plus additional driveway and street parking. Newer roof, paint, flooring, etc. Spacious backyard and patio areas for BBQ fun or peaceful rewind. Expand portfolio in low traffic area ideal for space,

  Heather Kavran Real Estate Hub LLLP

  130 132 Stillwater Ln, Billings, MT 59105
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  /36

  $1,650,000

  • 4 Beds
  • 4.5 Baths
  • 3,200 Sq Ft

  4779 Sanctuary Trail, Billings, MT 59101

  Too Many amenities to mention_Request Full Brochure_Seller is making an out-of-state move, Motivated & open to offers_This is more than a home, it’s a lifestyle property built for flexibility, function, & freedom and SINGLE ONE LEVEL living if desired. Property can be a multi-generational living space, a Retreat Venue, or a turnkey Equine Setup_This 2007 custom-built ranch-style home offers

  Tannis Kramer Western Skies Real Estate

  4779 Sanctuary Trail, Billings, MT 59101
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  /10

  $274,900

  • 1,996 Sq Ft

  4131 Buchanan Ave, Billings, MT 59101

  Back by Popular Demand! Don’t miss this unique investment opportunity featuring three fully-rented units on one property. The front home offers 3 bedrooms and 1 bathroom, while the back duplex includes two 1-bedroom, 1-bathroom units—perfect for generating consistent rental income.This low-maintenance property boasts three brand-new roofs and recent plumbing updates in the duplex. Each

  Truthe West Keller Williams Yellowstone Properties

  4131 Buchanan Ave, Billings, MT 59101
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  /19

  $225,000

  • 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. Currently rented / leased and income generating at $1,200 month to month in the single family home and

  Shawna Morales Engel & Voelkers

  242 Hemlock Dr, Billings, MT 59101
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  /36

  $2,100,000

  • 9,244 Sq Ft

  720 Washington St, Billings, MT 59101

  Welcome to DanWalt Gardens, a true Montana lifestyle opportunity! A 2024 award winning favorite Billings area event venue containing an immaculately maintained botanical garden, beautifully landscaped grounds, large event pavilion, gazebo, storage sheds, equipment, work shop, 7 private wells, & 3 residential homes on 3 acres of land which includes 748 Washington St & 3719 King Ave E. Income

  Andrew Miller PureWest Real Estate - Billings

  720 Washington St, Billings, MT 59101

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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 33 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, consistent with the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$362,874

Median Single Family Sale Price

$300,000

Median Townhouse Sale Price

$370,000

Median 2 Bedroom Sale Price

$223,750

Median 1 Bedroom Sale Price

$535,000

Average Price Per Sq Ft

$206

Number of Homes for Sale

843

Last 12 months Home Sales

71

Months of Supply

142.50

Median List Price

$339,277

Median Change From 1st List Price

0%

Median Home Sale Price YoY Change

0%