242 Hemlock Dr Billings, MT 59101
Lockwood NeighborhoodEstimated payment $1,509/month
Highlights
- Interior Lot
- Asbestos
- 1-Story Property
- Forced Air Heating System
About This Home
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 $800 month to month in the trailer home
Listing Agent
Engel & Voelkers Brokerage Phone: 406-850-3065 License #RRE-BRO-LIC-64264 Listed on: 05/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,449
Year Built
- Built in 1958
Lot Details
- 10,454 Sq Ft Lot
- Interior Lot
- Level Lot
Parking
- Additional Parking
Home Design
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
- Asbestos
Interior Spaces
- 1,356 Sq Ft Home
- 1-Story Property
Schools
- Lockwood Elementary And Middle School
- Lockwood High School
Utilities
- No Cooling
- Forced Air Heating System
- Septic Tank
Community Details
- 2 Units
- Hillner Subdivision
Listing and Financial Details
- Assessor Parcel Number C04629
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 |
|---|---|---|---|---|
| 2024 | $2,424 | $178,300 | $36,917 | $141,383 |
| 2023 | $2,406 | $178,300 | $36,917 | $141,383 |
| 2022 | $1,269 | $142,900 | $0 | $0 |
| 2021 | $2,241 | $142,900 | $0 | $0 |
| 2020 | $2,091 | $131,200 | $0 | $0 |
| 2019 | $2,180 | $136,700 | $0 | $0 |
| 2018 | $2,053 | $116,300 | $0 | $0 |
| 2017 | $870 | $116,300 | $0 | $0 |
| 2016 | $1,675 | $109,400 | $0 | $0 |
| 2015 | $1,235 | $109,400 | $0 | $0 |
| 2014 | $1,190 | $55,597 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/28/2025 08/28/25 | Price Changed | $240,000 | -4.0% | $177 / Sq Ft |
| 07/23/2025 07/23/25 | Price Changed | $249,900 | -3.8% | $184 / Sq Ft |
| 05/16/2025 05/16/25 | For Sale | $259,900 | -- | $192 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | First Montana Title | |
| Warranty Deed | -- | First Montana Title Company | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $102,832 | New Conventional | |
| Previous Owner | $42,941 | No Value Available | |
| Previous Owner | $81,379 | Credit Line Revolving | |
| Previous Owner | $31,901 | Purchase Money Mortgage |
Source: Billings Multiple Listing Service
MLS Number: 352754
APN: 03-1033-25-4-06-20-0000
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