$250,000

312 S 31st St Billings, MT 59101

South Side Neighborhood

Estimated payment $1,484/month

Total Views 12,460
-- Bed
-- Bath
1,816 Sq Ft
$138 Price per Sq Ft

Highlights

  • Deck
  • Patio
  • Wood Siding
  • Cooling Available
  • Forced Air Heating System
  • 1-Story Property

About This Home

What if $250,000 could get you not one home, but 3 with 4 total living spaces? Investors, flippers, and savvy owner-occupants stop scrolling.
Currently producing income, this unique setup offers 4 separate living spaces, 3 houses, giving multiple ways to create cash flow, day one. It’s a little rough around the edges. But that’s exactly where the opportunity is. Live in one and let the others help offset your payment. Rent all four and explore the upside. Improve the finishes over time and unlock even more value. Opportunities like this do not come around often:
Main front unit: 1 bed, 1 bath, living room, dining area, washer/dryer hookups
Upper apartment: Efficiency kitchen
Detached studio: full bath and kitchen
Detached 1-bed: 1 bed, 1 bath, eff. kitchen
If you’ve been waiting for a property with income now and upside later, this one is worth seeing before everyone else does.

Listing Agent

Shawn Johnston

Keller Williams Yellowstone Properties Brokerage Phone: (406) 702-3949 License #RRE-BRO-LIC-98527 Listed on: 03/18/2026

Keller Williams Yellowstone Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,574

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot
  • Zoning described as First Neighborhood Residential

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,816 Sq Ft Home
  • 1-Story Property
  • 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

Listing and Financial Details

  • Assessor Parcel Number A01360

Community Details

Overview

  • Billings Original Townsite Subdivision

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,574

Year Built

Built in 1920

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Residential
  • Year Built: 1920
  • Attribution Contact: (406) 702-3949
  • ResoLaundryFeatures: Washer Hookup, Dryer Hookup
  • Lot Size Acres: 0.08
  • MLS Status: Active
  • Subdivision Name: Billings Original Townsite
  • Above Grade Finished Sq Ft: 1816.0
  • Architectural Style: Ranch, Two Story
  • Unit Levels: Two
  • ResoPropertyCondition: Resale
  • Property Sub Type Additional: Multi Family,Other
  • Special Features: VirtualTour

Interior Features

  • Stories: 1

Exterior Features

  • Roof: Asphalt, Shingle
  • Disclosures: Disclosure on File
  • Construction Type: Brick, Wood Siding
  • Patio And Porch Features: Deck, Patio

Utilities

  • Cooling: Window Unit(s)
  • Heating: Electric, Forced Air, Gas
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Schools

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

Lot Info

  • Parcel #: A01360
  • Lot Size Sq Ft: 3485.0
  • Zoning Description: First Neighborhood Residential

Multi Family

  • Annual Gross Income: 1600.0
  • Number Of Units Total: 4
  • Net Operating Income: 1200.0

Tax Info

  • Tax Annual Amount: 1574.0

Map

Range of Values:

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Value Increase
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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 $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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2026 03/18/26 For Sale $250,000 -- $138 / 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
Warranty Deed -- None Available
Warranty Deed -- Ctic
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
Previous Owner $68,500 Purchase Money Mortgage
Source: Public Records

Source: Billings Multiple Listing Service

MLS Number: 358141

Billings Multiple Listing Service

APN: 03-0927-03-3-43-04-0000

Montana Yellowstone County Billings 59101 South Side

312 S 31st St, Billings, MT

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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Shawn Johnston
Listing Agent
Shawn Johnston
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Keller Williams Yellowstone Properties
(406) 606-6926
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