240 Terry Ave Billings, MT 59101
East Central Billings NeighborhoodEstimated payment $1,963/month
Highlights
- Deck
- Patio
- 1-Story Property
- Interior Lot
About This Home
Investment opportunity in Downtown Billings! This 3-unit property PLUS detached 2 CAR Garage offers flexibility for investors or owner-occupants. 2 homes plus a detached 2-car garage, this setup provides multiple income-producing options. All 3 units leased, creating immediate rental income. All currently month to month - ideal for a owner occupancy arrangement.
Main level unit has 3 beds and 1 bath, washer/dryer hookup, wall AC unit. Lower level Unit has 2 beds and 1 bath, washer/dryer hookup. Back house is obo 700 sq ft with open concept and one bath.Downtown Billings, just minutes from schools, parks, shopping, dining, and city amenities, this is a rare chance to own a centrally located multi-unit property with built-in income. Live in one unit & let the rental income help offset your mortgage, or add this strong cash-flow opportunity to your investment portfolio. NEW SEWER LINE
Listing Agent
Montana Real Estate Brokers Brokerage Phone: 406-671-0122 License #RRE-RBS-LIC-54696 Listed on: 05/13/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,111
Year Built
- Built in 1919
Lot Details
- 7,000 Sq Ft Lot
- Interior Lot
- Level Lot
Home Design
- Shingle Roof
- Asphalt Roof
- Aluminum Siding
Interior Spaces
- 1,702 Sq Ft Home
- 1-Story Property
Parking
- 3 Parking Spaces
- Additional Parking
Outdoor Features
- Deck
- Patio
Schools
- Broadwater Elementary School
- Lewis And Clark Middle School
- Senior High School
Listing and Financial Details
- Assessor Parcel Number A15911
Community Details
Overview
- 3 Units
- Suburban Sub Subdivision
Building Details
- Gross Income $2,890
- Net Operating Income $2,300
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,110 | $315,900 | $37,400 | $278,500 |
| 2024 | $2,902 | $292,920 | $37,300 | $255,620 |
| 2023 | $2,929 | $292,920 | $37,300 | $255,620 |
| 2022 | $2,673 | $234,330 | $0 | $0 |
| 2021 | $2,587 | $234,600 | $0 | $0 |
| 2020 | $2,435 | $209,630 | $0 | $0 |
| 2019 | $2,319 | $209,630 | $0 | $0 |
| 2018 | $2,100 | $184,160 | $0 | $0 |
| 2017 | $1,705 | $184,160 | $0 | $0 |
| 2016 | $1,931 | $174,940 | $0 | $0 |
| 2015 | $1,882 | $174,940 | $0 | $0 |
| 2014 | $1,721 | $84,517 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/29/2026 06/29/26 | Price Changed | $325,000 | -5.8% | $191 / Sq Ft |
| 05/13/2026 05/13/26 | For Sale | $345,000 | -- | $203 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $145,000 | None Listed On Document | |
| Trustee Deed | $137,919 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | St |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $25,688 | Construction | |
| Previous Owner | $6,987 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $112,500 | New Conventional |
Source: Billings Multiple Listing Service
MLS Number: 359312
APN: 03-0927-04-4-16-21-0000
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