420 Lordwith Drive Building A, Billings, MT 59102

$1,896,780 Active MLS® 358656 Lease
ActiveMLS® 358656
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420 Lordwith Drive Building A, Billings, MT 59102 photo
Lease
MLS® 358656
$1,896,780
420 Lordwith Drive Building A, Billings, MT 59102
0 Baths 0.182 Acres 7,920 Sq.Ft. Built 1959
Description

Fully occupied 8-unit, two-story brick multifamily property offering strong in-place income and immediate upside. All units are 2 bed, 1 bath. Five units have been renovated and are achieving premium rents, with three remaining units providing a clear value-add opportunity through updates. Property has demonstrated rental growth with continued demand in the area and consistent occupancy. DOR-approved for condo conversion, creating flexibility for a future exit strategy or phased sell-off. Located less than one mile from a major regional hospital development, supporting long-term rental demand. Part of a three-building portfolio at 420 Lordwith Drive, available individually or as a portfolio acquisition. Opportunity for both cash flow and appreciation.

Interior features
  • Air conditioning Central Air
  • Lot dimension 0.1818
  • Lot description Interior Lot, Landscaped
Exterior features
  • Lot dimension 0.1818
  • Lot description Interior Lot, Landscaped
  • Roofing materials Asphalt, Shingle

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Location