$345,000

240 Terry Ave Billings, MT 59101

East Central Billings Neighborhood

Estimated payment $2,043/month

Total Views 503
-- Bed
-- Bath
1,702 Sq Ft
$203 Price per Sq Ft

Highlights

  • Deck
  • Patio
  • 1-Story Property
  • Interior Lot

About This Home

OPEN HOUSE SATURDAY 2-4. Investment opportunity in Downtown Billings! This 3-unit property at 240 Terry Ave offers flexibility for investors or owner-occupants. Featuring two homes plus a detached 2-car garage, this setup provides multiple income-producing options. Two units leased, creating immediate rental income, while one vacant unit is available for easy viewing or owner occupancy.
Main level unit has 3 beds and 1 bath, Lower level Unit has 2 beds and 1 bath. 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, PRE-Inspection Avail! No AC

Listing Agent

Heidi Brosovich

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,111

Year Built

Built in 1919

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Year Built: 1919
  • Attribution Contact: 406-671-0122
  • ResoLotFeatures: Interior Lot, Level
  • Lot Size Acres: 0.1607
  • MLS Status: Active
  • Subdivision Name: Suburban Sub
  • Above Grade Finished Sq Ft: 1702.0
  • Unit Levels: One
  • ResoPropertyCondition: Resale
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1

Exterior Features

  • Roof: Asphalt, Shingle
  • Disclosures: Disclosure on File
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Additional Parking
  • Total Parking Spaces: 3.0

Utilities

  • Heating: Other, Combination
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Broadwater
  • High School: Senior High
  • Middle Or Junior School: Lewis and Clark

Lot Info

  • Parcel #: A15911
  • Lot Size Sq Ft: 7000.0
  • Zoning Description: Other

Multi Family

  • Annual Gross Income: 2890.0
  • Number Of Units Total: 3
  • Net Operating Income: 2300.0

Tax Info

  • Tax Annual Amount: 2111.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $2,902 $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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2026 05/13/26 For Sale $345,000 -- $203 / Sq Ft
Source: Billings Multiple Listing Service

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
Source: Public Records

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 $112,500 New Conventional
Source: Public Records

Source: Billings Multiple Listing Service

MLS Number: 359312

Billings Multiple Listing Service

APN: 03-0927-04-4-16-21-0000

Montana Yellowstone County Billings 59101 East Central Billings

240 Terry Ave, Billings, MT

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Billings Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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