312 S 31st St Billings, MT 59101
South Side NeighborhoodEstimated payment $1,874/month
Highlights
- Deck
- Patio
- Forced Air Heating System
- Cooling Available
- Laundry Room
- Wood Siding
About This Home
Out Of The Box Investors Home Run ~With immediate cash flow on this four-unit property at 312 S 31st with three of the four units already rented and generating immediate cash flow an investor can hit the ground running. It can also serve as an owner-occupied property with additional rental income. Unit #1 is the front main unit with 1 bedroom, 1 bathroom, a living room, dining room, and washer/dryer hookups. Unit #2 is an upstairs apartment with its own entrance it features 1 bedroom 1 bathroom with an efficiency kitchen, with a few finishing touches it could be a cute and inviting space. The two back units are independent from the main house. Unit #3 is a studio with a full bath and a kitchenet. Unit #4 features 1 bedroom, 1 bathroom, and an efficiency kitchen. With a little vision and elbow grease It’s a good opportunity for a “Value Add Property”
Listing Agent
ERA American Real Estate Brokerage Phone: 406-861-4945 License #RRE-RBS-LIC-99108 Listed on: 11/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,573
Year Built
- Built in 1920
Lot Details
- 3,500 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Wood Siding
Interior Spaces
- 1,112 Sq Ft Home
- 2-Story Property
Laundry
- Laundry Room
- Washer and Dryer Hookup
Outdoor Features
- Deck
- Patio
Schools
- Orchard Elementary School
- Riverside Middle School
- Senior High School
Utilities
- Cooling Available
- Forced Air Heating System
Community Details
- 4 Units
- Billings Original Townsite Subdivision
Listing and Financial Details
- Assessor Parcel Number A01360
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 |
|---|---|---|---|---|
| 2025 | $1,904 | $243,074 | $33,074 | $210,000 |
| 2024 | $1,904 | $192,189 | $31,199 | $160,990 |
| 2023 | $1,893 | $192,189 | $31,199 | $160,990 |
| 2022 | $1,469 | $155,624 | $0 | $0 |
| 2021 | $1,657 | $155,624 | $0 | $0 |
| 2020 | $1,836 | $142,023 | $0 | $0 |
| 2019 | $1,812 | $142,023 | $0 | $0 |
| 2018 | $1,535 | $111,225 | $0 | $0 |
| 2017 | $1,030 | $111,225 | $0 | $0 |
| 2016 | $1,466 | $109,265 | $0 | $0 |
| 2015 | $1,441 | $109,265 | $0 | $0 |
| 2014 | $1,249 | $47,403 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/15/2026 01/15/26 | Price Changed | $335,000 | -6.9% | $301 / Sq Ft |
| 11/24/2025 11/24/25 | For Sale | $360,000 | -- | $324 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Ctic |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $68,500 | Purchase Money Mortgage |
Source: Billings Multiple Listing Service
MLS Number: 356683
APN: 03-0927-03-3-43-04-0000
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