238 Terry Ave Billings, MT 59101
East Central Billings NeighborhoodEstimated payment $1,952/month
Highlights
- Cooling Available
- Level Lot
- 1-Story Property
- Forced Air Heating System
About This Home
This wonderfully maintained and lightly updated triplex near downtown presents a lucrative real estate investment. Ideal for 'house hacking'; live in one unit and make income on the others! The 1950-built front house is split into two 2-bedroom 1-bathroom units, one on the main level and one downstairs. The basement unit features egress windows in both bedrooms with generous ceiling height throughout. Additionally, the detached back house is a cute 1927 1-bedroom 1-bathroom bungalow with alley parking. No laundry hook-ups in the units leaves potential for future improvements. Newer siding and roof on both houses help offset major upfront expenses. The back house is currently occupied and rents for $795, while the recently vacated units in the front house are expected the garner $1400 and $1200 for estimated monthly rents.
Listing Agent
Dick Zier Brokerage Brokerage Phone: (406) 690-4799 License #RRE-RBS-LIC-62484 Listed on: 01/07/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,087
Year Built
- Built in 1950
Lot Details
- 5,250 Sq Ft Lot
- Level Lot
Home Design
- Triplex
- Asphalt Roof
Interior Spaces
- 2,098 Sq Ft Home
- 1-Story Property
Schools
- Broadwater Elementary School
- Lewis And Clark Middle School
- Senior High School
Utilities
- Cooling Available
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number A15912
Community Details
Overview
- 3 Units
- Suburban Sub Subdivision
Building Details
- Operating Expense $928
- Gross Income $3,395
- Net Operating Income $2,467
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,932 | $324,136 | $34,506 | $289,630 |
| 2024 | $2,932 | $303,362 | $34,912 | $268,450 |
| 2023 | $2,943 | $303,362 | $34,912 | $268,450 |
| 2022 | $2,247 | $238,017 | $0 | $0 |
| 2021 | $2,538 | $238,017 | $0 | $0 |
| 2020 | $2,316 | $205,806 | $0 | $0 |
| 2019 | $2,206 | $205,806 | $0 | $0 |
| 2018 | $1,985 | $180,005 | $0 | $0 |
| 2017 | $1,374 | $148,445 | $0 | $0 |
| 2016 | $1,445 | $130,903 | $0 | $0 |
| 2015 | $1,408 | $130,903 | $0 | $0 |
| 2014 | $1,406 | $70,074 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/07/2026 01/07/26 | For Sale | $340,000 | -- | $162 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Deed | $207,400 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $175,000 | New Conventional | |
| Closed | $75,000 | Seller Take Back | |
| Previous Owner | $176,250 | No Value Available | |
| Previous Owner | -- | No Value Available |
Source: Billings Multiple Listing Service
MLS Number: 357067
APN: 03-0927-04-4-16-20-0000
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