420 Lordwith Drive Building A
Billings, MT 59102
$1,896,780
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.
MLS #
358656
County
Yellowstone
Type
Apartment
Area
(06) Downtown
Subdivision
Witherup
Year Built
1959
Schools
Elementary
Mckinley
Middle School
Lewis and Clark
High School
Senior High
Source: BAR/MLS
Total SqFt
7,920 Sq Ft
Number of Levels
Two
Property Layout Breakdown
Above Grade Finished Area
7920.00
Living Area
7920.00
Lot Size
7,920 Sq Ft
Acres
0
Zoning
Mixed Residential 2
Lot Description
InteriorLot,Landscaped
Heating
ForcedAir,Gas
Cooling
CentralAir
Sewer
PublicSewer
Taxes
$9,839