Rare opportunity to acquire a turnkey 40-acre income + equestrian property in Billings, MT. This unique investment features 8 park-owned mobile homes on private 1-acre pads, 2 large shops, and 6 independent horse pasture rentals with shelters, tack rooms, heated auto-waterers, electricity, and a shared outdoor arena. Scenic Seven Mile Creek runs through the land, enhancing both lifestyle appeal and long-term value. The property is 100% occupied with professional management in place, and tenants maintain their own gas and electric meters for low owner maintenance. With gross income of approx. $168,000, NOI near $135,000, and a strong 9% cap rate, this asset delivers immediate cash flow plus upside potential to add additional home sites, storage units, or build your own custom residence onsite. This is a rare blend of rural Montana living and solid investment performance.
For sale
$1,495,000
1501 Plateau Rd, Billings, MT 59105
--beds
--baths
1,216sqft
Est.:
Multi Family, Manufactured Home, Single Family Residence
Built in 1993
-- sqft lot
$-- Zestimate®
$1,229/sqft
$-- HOA
What's special
Tack roomsShared outdoor arenaHeated auto-waterers
- 1 day |
- 62 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: March 12, 2026 at 02:08pm
Listed by:
Damian Forrester 406-578-4399,
eXp Realty, LLC - Billings
Source: BMTMLS,MLS#: 358041
Originating MLS: Billings Association Of REALTORS
Tour with a local agent
Facts & features
Interior
Heating
- Forced Air, Gas
Cooling
- Window Unit(s)
Interior area
- Total interior livable area: 1,216 sqft
- Finished area above ground: 1,216
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 40 Acres
- Features: Level
Details
- Parcel number: D07129B
- Zoning description: See Remarks
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Manufactured Home
- Property subtype: Multi Family, Manufactured Home, Single Family Residence
Materials
- Steel
- Roof: Metal,Shingle
Condition
- Resale
- Year built: 1993
Utilities & green energy
- Sewer: Septic Tank
- Water: Cistern, Shared Well, Well
Community & HOA
Community
- Subdivision: Lower 40
Location
- Region: Billings
Financial & listing details
- Price per square foot: $1,229/sqft
- Date on market: 3/11/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,193/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Listed for sale | $1,495,000+99.3%$1,229/sqft |
Source: | ||
| 1/25/2022 | Listing removed | -- |
Source: | ||
| 8/4/2021 | Contingent | $750,000-16.7%$617/sqft |
Source: | ||
| 8/4/2021 | Listed for sale | $900,000+63.6%$740/sqft |
Source: | ||
| 6/3/2021 | Contingent | $550,000-42.1%$452/sqft |
Source: | ||
| 5/26/2021 | Price change | $950,000+72.7%$781/sqft |
Source: | ||
| 5/26/2021 | Listed for sale | $550,000-49.5%$452/sqft |
Source: | ||
| 2/17/2021 | Listing removed | -- |
Source: | ||
| 10/23/2020 | Price change | $1,089,000-0.1%$896/sqft |
Source: | ||
| 1/16/2020 | Listed for sale | $1,090,000-27.3%$896/sqft |
Source: Metro, REALTORS L.L.P #302488 Report a problem | ||
| 11/12/2019 | Listing removed | $1,500,000$1,234/sqft |
Source: Metro, REALTORS L.L.P #291282 Report a problem | ||
| 11/11/2018 | Listed for sale | $1,500,000$1,234/sqft |
Source: Metro, REALTORS L.L.P #291282 Report a problem | ||
Public tax history
BuyAbility℠ payment
Est. payment
$8,757/mo
Principal & interest
$7710
Property taxes
$1047
More affordability tools
Climate risks
Neighborhood: 59105
Nearby schools
GreatSchools rating
- 6/10Independent SchoolGrades: PK-6Distance: 1.8 mi
- 4/10Skyview High SchoolGrades: 9-12Distance: 4.4 mi
Schools provided by the listing agent
- Elementary: Independent
- Middle: Medicine Crow
- High: Skyview
Source: BMTMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

