$1,250,000
UNDER CONTRACT

305 S 32nd St Billings, MT 59101

South Side Neighborhood

Estimated payment $7,759/month

Total Views 1,634
-- Bed
-- Bath
7,608 Sq Ft
$164 Price per Sq Ft

Highlights

  • 0.8 Acre Lot
  • Forced Air Heating System
  • 1-Story Property
  • Cottage

About This Home

The 9 Sisters – 11-Unit Multifamily Investment Opportunity
Professionally managed 11-unit multifamily property generating $11,800 in monthly gross rents. Unit mix includes (2) 3-bedroom units, (2) 1-bedroom units, and (7) 2-bedroom units. Two units have been recently updated; the remaining units are in average rental condition. Street parking available. Total annual income: $141,600; estimated annual expenses: $53,160; net operating income: $88,440. Reflecting a 7.1% cap rate. Fully occupied, offering immediate cash flow with potential for increased returns through further renovations and rent adjustments.

Listing Agent

Jeff Klaus

Meridian Real Estate LLC Brokerage Phone: 406-855-1081 License #RRE-RBS-LIC-13124 Listed on: 04/09/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,000

Year Built

  • Built in 1912

Lot Details

  • 0.8 Acre Lot
  • Zoning described as Neighborhood Mixed-Use

Home Design

  • Cottage
  • Shingle Roof
  • Hardboard

Interior Spaces

  • 7,608 Sq Ft Home
  • 1-Story Property

Schools

  • Orchard Elementary School
  • Riverside Middle School
  • Senior High School

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number A01365

Community Details

Overview

  • Billings Original Townsite Subdivision

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,000

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Residential
  • Year Built: 1912
  • Attribution Contact: 406-855-1081
  • Lot Size Acres: 0.8035
  • MLS Status: Contingent
  • Subdivision Name: Billings Original Townsite
  • Above Grade Finished Sq Ft: 7608.0
  • Architectural Style: Cottage, Ranch
  • Unit Levels: One
  • ResoPropertyCondition: Resale
  • Property Sub Type Additional: Multi Family,Other
  • Special Features: 4224

Interior Features

  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Disclosures: Disclosure on File
  • Construction Type: Hardboard

Utilities

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

Schools

  • Elementary School: Orchard
  • High School: Senior High
  • Middle Or Junior School: Riverside

Lot Info

  • Parcel #: A01365
  • Lot Size Sq Ft: 35000.0
  • Zoning Description: Neighborhood Mixed-Use

Multi Family

  • Annual Gross Income: 11800.0
  • Number Of Units Total: 4
  • Insurance Expense: 8400.0
  • Net Operating Income: 88440.0
  • Annual Operating Expense: 53160.0

Tax Info

  • Tax Annual Amount: 12000.0

Map

Range of Values:

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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
2024 $3,652 $329,829 $47,949 $281,880
2023 $3,724 $329,829 $47,949 $281,880
2022 $2,386 $252,671 $0 $0
2021 $3,203 $252,671 $0 $0
2020 $3,722 $234,970 $0 $0
2019 $3,745 $234,970 $0 $0
2018 $3,089 $164,340 $0 $0
2017 $3,035 $164,340 $0 $0
2016 $2,919 $156,260 $0 $0
2015 $2,879 $156,260 $0 $0
2014 $2,607 $68,730 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 For Sale $1,250,000 -- $164 / Sq Ft
Source: Billings Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Deed $187,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $149,100 Purchase Money Mortgage
Previous Owner $159,040 No Value Available
Previous Owner -- No Value Available
Source: Public Records

Source: Billings Multiple Listing Service

MLS Number: 351932

Billings Multiple Listing Service

APN: 03-0927-03-3-43-09-0000

Montana Yellowstone County Billings 59101 South Side

305 S 32nd St, Billings, MT

This home is located at 305 S 32nd St, Billings, MT 59101 and is currently priced at $1,250,000, approximately $164 per square foot. This property was built in 1912. 305 S 32nd St is a home located in Yellowstone County with nearby schools including Orchard School, Riverside Junior High School, and Billings Senior High School.

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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Listing Agent
Jeff Klaus
Section Image
Meridian Real Estate LLC
(406) 719-6669