The 9 Sisters – 11-Unit Multifamily Investment Opportunity
Professionally managed 11-unit multifamily property generating $11,800 in monthly gross rents. Unit mix includes (2) 3-bedroom units, (2) 1-bedroom units, and (7) 2-bedroom units. Two units have been recently updated; the remaining units are in average rental condition. Street parking available. Total annual income: $141,600; estimated annual expenses: $53,160; net operating income: $88,440. Reflecting a 7.1% cap rate. Fully occupied, offering immediate cash flow with potential for increased returns through further renovations and rent adjustments.
Under contract
$1,250,000
305 S 32nd St, Billings, MT 59101
10beds
4baths
7,608sqft
Est.:
Multi Family, Single Family Residence
Built in 1912
-- sqft lot
$-- Zestimate®
$164/sqft
$-- HOA
What's special
- 57 days
- on Zillow |
- 55 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 07:51am
Listed by:
Jeffrey Klaus 406-855-1081,
Meridian Real Estate LLC
Source: BMTMLS,MLS#: 351932
Originating MLS: Billings Association Of REALTORS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
Heating
- Forced Air, Gas, Other
Cooling
- None
Interior area
- Total interior livable area: 7,608 sqft
- Finished area above ground: 7,608
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.8 Acres
Details
- Parcel number: A01365
- Zoning description: Neighborhood Mixed-Use
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage,Ranch
- Property subtype: Multi Family, Single Family Residence
Materials
- Hardboard
- Roof: Shingle
Condition
- Resale
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Billings Original Townsite
Location
- Region: Billings
Financial & listing details
- Price per square foot: $164/sqft
- Tax assessed value: $329,829
- Annual tax amount: $12,000
- Date on market: 4/9/2025
- Listing terms: Cash,New Loan
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