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Alex Morgan

alex.morgan@engelvoelkers.com +1(406) 698-4107

Listed by John Goggins The Goggins Company

$ 499,000

Est. payment -/mo

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1257 N 26th ST Billings, MT 59101

9,988 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Sunnyside

MLS Listing ID 360976

Style Ranch

Construction Status Resale

HOA Y/N No

Year Built 1947

Annual Tax Amount $2,082

Lot Size 9,988 Sqft

Acres 0.2293

Property Sub-Type Quadruplex

Property Description

Investment opportunity in an exceptionally well-located Billings 4-plex! Offered at $499,000 with $51,720 gross income and $38,775 net income, producing an approximate 7.75% cap rate. Located directly across from the new hospital development, and just steps from MSUB, this property is positioned for strong rental demand. All four units are side-by-side and completely step-free, offering convenient single-level living. Units have recently received tasteful facelifts including new paint, trim, and flooring as needed, while the exterior has also been freshly painted. Two units are furnished and leased to traveling professionals, while the other two are occupied by longer-term tenants currently paying slightly below-market rents, providing potential upside. A turnkey investment with excellent location, solid income, and room to grow.

Location

State MT

County Yellowstone

Area (06) Downtown

Zoning NX1 - Mixed Residential 1

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Laundry Laundry Room

Exterior

Water Access Desc Public

Roof Type Asphalt,Shingle

Building

Lot Description Cul-De-Sac

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Construction Status Resale

Schools

Elementary Schools Mckinley

Middle Schools Riverside

High Schools Senior High

Others

Tax ID A16541

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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NEARBY SCHOOLS & PROPERTIES

Alex Morgan

Broker Associate | License ID: BRO-RRE-LIC-119119

+1(406) 698-4107

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