$1,250,000
UNDER CONTRACT

305 S 32nd St Billings, MT 59101

South Side Neighborhood

Estimated payment $7,569/month

Total Views 3,570
-- 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. 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:

--
Value Increase
--
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 $3,652 $395,254 $46,774 $348,480
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 List to Sale Price per Sq Ft
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

Under Contract

Detached

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