Rare opportunity in Shepherd! Located just 8 miles east of Billings at the prominent corner of Hwy 312 and Shepherd Road. this 6.71 acre property offers both comfortable residiential living and significant future development potential. The one-level stucco home features 3 bedrooms, 2 bathrooms, an attached garage, and plenty of room to enjoy the acreage. The land is irrigated, partially fenced, and includes a seperate shed for additional storage. The property's highly visible corner location along two major routes creates an exciting opportunity for future commercial development, subject to applicable zoning and approvals. With acreage, highway frontage, and convenient proximity to Billings, this property offers a unique combination of residential use and potential long-term investment value. This property is two seperate parcels. The home and 3 acres is one and the 3.71 acres is second. The parcels can be purchased separately, but the owner will not sell the 3.71 acres until the home with 3 acres is sold. If purchasing separatley the home and 3 acres is priced at $460,000 and the 3.71 acres is priced at $190,000.
For sale
$650,000
5731 Shepherd Rd, Shepherd, MT 59079
3beds
1,620sqft
Single Family Residence
Built in 1973
6.71 Acres Lot
$-- Zestimate®
$401/sqft
$-- HOA
What's special
Attached garageOne-level stucco homePartially fenced
- 41 days
- 219
- 6
Zillow last checked:
Listing updated:
Listed by:
Ward Fenton 406-967-2850,
Fenton Enterprises,
Heather Pfancook 406-697-3353,
Fenton Enterprises
Source: BMTMLS,MLS#: 362162
Originating MLS: Billings Association Of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Heating
- Forced Air, Gas, Propane
Cooling
- Central Air
Appliances
- Included: Electric Range, Oven, Range, Refrigerator
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,620 sqft
- Finished area above ground: 1,620
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached, Additional Parking
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Fencing: None
Lot
- Size: 6.71 Acres
- Features: Corner Lot, Level
Details
- Additional structures: Shed(s)
- Parcel number: D07561
- Zoning description: Un-zoned
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Location
- Region: Shepherd
Financial & listing details
- Price per square foot: $401/sqft
- Tax assessed value: $425,100
- Annual tax amount: $2,917
- Date on market: 9/30/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,866/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Listed for sale | $650,000$401/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,185 -21.8% | $425,100 +25% |
| 2024 | $2,795 -1.8% | $340,100 |
| 2023 | $2,846 +20.3% | $340,100 +35.6% |
| 2022 | $2,365 +0.3% | $250,800 |
| 2021 | $2,359 +30.7% | $250,800 +11.4% |
| 2020 | $1,804 -5.9% | $225,100 |
| 2019 | $1,918 -8% | $225,100 -2.7% |
| 2018 | $2,085 +1.9% | $231,300 |
| 2017 | $2,047 +9.7% | $231,300 +5.4% |
| 2016 | $1,866 | $219,500 |
| 2015 | $1,866 +26.4% | $219,500 +135.8% |
| 2014 | $1,476 +9.4% | $93,068 +7.1% |
| 2013 | $1,349 +1.9% | $86,937 +2.2% |
| 2012 | $1,324 | $85,039 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $121,200 |
| 2007 | -- | $121,200 |
| 2006 | -- | $121,200 |
| 2005 | -- | $121,200 |
| 2004 | -- | $121,200 |
| 2003 | -- | $121,200 +11.9% |
| 2002 | -- | $108,300 |
| 2000 | -- | $108,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 59079
Nearby schools
Schools provided by the listing agent
- Elementary: Shepherd
- Middle: Shepherd
- High: Shepherd
Source: BMTMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




