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For sale
  • $1,495,000

    1501 Plateau Rd, Billings, MT 59105

    --beds
    --baths
    1,216sqft
    : 
    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
    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.
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    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#: 358041MLS LogoOriginating 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
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,193/mo

    Price history

    Price history
    DateEventPrice
    3/12/2026Listed for sale$1,495,000+99.3%$1,229/sqft
    Source: BMTMLS #358041 Report a problem
    1/25/2022Listing removed--
    Source: BMTMLS #318413 Report a problem
    8/4/2021Contingent$750,000-16.7%$617/sqft
    Source: BMTMLS #318413 Report a problem
    8/4/2021Listed for sale$900,000+63.6%$740/sqft
    Source: BMTMLS #318424 Report a problem
    6/3/2021Contingent$550,000-42.1%$452/sqft
    Source: BMTMLS #318413 Report a problem
    5/26/2021Price change$950,000+72.7%$781/sqft
    Source: BMTMLS #318424 Report a problem
    5/26/2021Listed for sale$550,000-49.5%$452/sqft
    Source: BMTMLS #318413 Report a problem
    2/17/2021Listing removed--
    Source: BMTMLS #302488 Report a problem
    10/23/2020Price change$1,089,000-0.1%$896/sqft
    Source: BMTMLS #302488 Report a problem
    1/16/2020Listed for sale$1,090,000-27.3%$896/sqft
    Source: Metro, REALTORS L.L.P #302488 Report a problem
    11/12/2019Listing removed$1,500,000$1,234/sqft
    Source: Metro, REALTORS L.L.P #291282 Report a problem
    11/11/2018Listed for sale$1,500,000$1,234/sqft
    Source: Metro, REALTORS L.L.P #291282 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $8,757/mo
    Principal & interest
    $7710
    Property taxes
    $1047
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      Climate risks

      Neighborhood: 59105

      Getting around

      0 / 100
      Car-Dependent
      25 / 100
      Somewhat Bikeable

      Nearby schools

      GreatSchools rating
      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.

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