$225,000
UNDER CONTRACT

242 Hemlock Dr Billings, MT 59101

Lockwood Neighborhood

Estimated payment $1,377/month

Total Views 1,968
3 Beds
2 Baths
1,356 Sq Ft
$166 Price per Sq Ft

Highlights

  • 1 Car Attached Garage
  • Asbestos
  • 1-Story Property
  • Forced Air Heating System
  • Fenced

About This Home

Pick up some mailbox money with this cashflow property in Lockwood. Currently offering an approximate cap of 8.4%. This property provides a great combo 2 unit rental opportunity including a 2bed 1 bath house and a 1 bed 1 bath mobile. Pick it up for the cashflow or move into one and rent the other out. Both units are currently rented with renters wishing to remain. Located on a secluded street in the middle of Lockwood this is your chance to add a strong rental property to your portfolio.

Listing Agent

Shawn Johnston

Keller Williams Yellowstone Pr Brokerage Phone: (406) 702-3949 License #RRE-BRO-LIC-98527 Listed on: 06/19/2026

Keller Williams Yellowstone Pr

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,022

Year Built

  • Built in 1958

Lot Details

  • 10,660 Sq Ft Lot
  • Fenced
  • Zoning described as Suburban Residential Zone Un-zoned

Parking

  • 1 Car Attached Garage

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Asbestos

Interior Spaces

  • 1,356 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Free-Standing Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Lockwood Elementary And Middle School
  • Lockwood High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Septic Tank

Community Details

  • Hillner Subdivision

Listing and Financial Details

  • Assessor Parcel Number C04629

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,022

Year Built

Built in 1958

Lot Details

10,660 Sq Ft Lot

Parking

1

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Residential
  • Year Built: 1958
  • Attribution Contact: (406) 702-3949
  • Reso Fencing: Fenced
  • Lot Size Acres: 0.2447
  • NAV29_Unit_1_Appliances: Free-Standing Range, Oven, Range, Refrigerator
  • MLS Status: Contingent
  • Subdivision Name: Hillner
  • Above Grade Finished Sq Ft: 1356.0
  • Architectural Style: Other
  • Unit Levels: One
  • ResoPropertyCondition: Resale
  • Property Sub Type Additional: Other
  • Special Features: 4224

Interior Features

  • Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Stories: 1

Exterior Features

  • Roof: Asphalt, Metal, Shingle
  • Disclosures: Disclosure on File
  • Construction Type: Asbestos

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Attached

Utilities

  • Cooling: None
  • Heating: Forced Air, Gas, Other
  • Sewer: Septic Tank
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Elementary School: Lockwood
  • High School: Lockwood
  • Middle Or Junior School: Lockwood

Lot Info

  • Parcel #: C04629
  • Lot Size Sq Ft: 10660.0
  • Zoning Description: Suburban Residential Zone Un-zoned

Tax Info

  • Tax Annual Amount: 2022.0

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $2,067 $220,800 $44,379 $176,421
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
Source: Public Records

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
06/19/2026 06/19/26 For Sale $225,000 -- $166 / 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
Quit Claim Deed -- First Montana Title
Warranty Deed -- First Montana Title Company
Quit Claim Deed -- None Available
Warranty Deed -- None Available
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
Closed $102,832 New Conventional
Closed $42,941 No Value Available
Closed $81,379 Credit Line Revolving
Closed $31,901 Purchase Money Mortgage
Source: Public Records

Source: Billings Multiple Listing Service

MLS Number: 360130

Billings Multiple Listing Service

APN: 03-1033-25-4-06-20-0000

Montana Yellowstone County Billings 59101 Lockwood

242 Hemlock Dr, Billings, MT

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Shawn Johnston
Listing Agent
Shawn Johnston
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Keller Williams Yellowstone Pr
(406) 780-5159
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