Multi Family Home
1257 N 26th Street
Billings, MT 59101
$499,000
Active Under ContractMLS® 360976
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.
Interior
- Laundry Laundry Room
- Heating Forced Air, Gas
Exterior and Construction
- Construction materials Stucco
- Style Ranch
- Roofing Asphalt, Shingle
Utilities
- Sewer Public Sewer
- Water Public
Land and Lot
- Lot size 0.2293 acres (9,989 sq ft)
- Lot description Cul-De-Sac
Location and Zoning
- Zoning description NX1 - Mixed Residential 1
- County Yellowstone
- Subdivision Sunnyside
- Neighborhood North Side
Schools
- High School Senior High
- Elementary School Mckinley
- Junior High School Riverside
- School District Billings Elementary School District
Tax and Legal
- Annual tax $2,082
- Parcel number A16541
- Legal description SUNNYSIDE SUBD 4TH FILING, S32, T01 N, R26 E, BLOCK 20, Lot 2, EXCEPT S 325'
Listing Information
- Listing Agent
- John Goggins
- Co-Listing Agent
- Non Member Non Member
- Listing Office
- The Goggins Company
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