Address
240 Terry Avenue, Billings, MT
Price
$ 325,000
Property Attributes
- MLS#359312
- TypeSingle Family
- Listing Status Active
- CountyYellowstone
- CityBillings
- AreaDowntown
- NeighborhoodSuburban Sub
- Zip59101
- Style
- Year Built1919
- Taxes$ 2111
- Price$ 325,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1702
- Lot Size0.1607 Acres
Data Source:
Billings MLS (BMTMLS)
Property Description
Investment opportunity in Downtown Billings! This 3-unit property PLUS detached 2 CAR Garage offers flexibility for investors or owner-occupants. 2 homes plus a detached 2-car garage, this setup provides multiple income-producing options. All 3 units leased, creating immediate rental income. All currently month to month - ideal for a owner occupancy arrangement. Main level unit has 3 beds and 1 bath, washer/dryer hookup, wall AC unit. Lower level Unit has 2 beds and 1 bath, washer/dryer hookup. Back house is obo 700 sq ft with open concept and one bath.Downtown Billings, just minutes from schools, parks, shopping, dining, and city amenities, this is a rare chance to own a centrally located multi-unit property with built-in income. Live in one unit & let the rental income help offset your mortgage, or add this strong cash-flow opportunity to your investment portfolio. NEW SEWER LINE
| Elementary School | Middle School | High School |
|---|---|---|
| Broadwater Elementary School | Lewis and Clark Middle School | Senior High High School |
| Price History | |
|---|---|
| 5/13/2026 | Listed $345,000 |
| 6/29/2026 | 6$325,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other,Combination |
| Possession | Close Of Escrow |
| Roof | Asphalt,Shingle |
| Construction Materials | Aluminum Siding |
| Year Built | 1919 |
| Stories Count | 1 |
| Levels | One |
| County | Yellowstone |
| Net Operating Income | 2300 |
| Property Type | Residential |
| Subdivision Name | Suburban Sub |
| Status | Active |
| ModificationTimestamp | 2026-08-08T19:37:35.050-00:00 |
| City | Billings |
| Disclosures | Disclosure on File |
| Zoning Description | Other |
| MLS Area | (06) Downtown |
| Tax Annual Amount | 2111 |
| Property Condition | Resale |
| MLS Area Minor | 6 |
| Virtual Tour | https://www.propertypanorama.com/instaview/bmt/359312 |
| Standard Status | Active |
| Property Sub Type Additional | Multi Family |
| PostalCity | Billings |
| Legal Description | SUBURBAN SUBD, S04, T01 S, R26 E, BLOCK 10, Lot 26 - 27 |
| AttributionContact | 406-671-0122 |
| High School | Senior High |
| Lot Size Square Feet | 7000 |
| Elementary School | Broadwater |
| Middle/Junior High School | Lewis and Clark |
| Patio/Porch Features | Deck,Patio |
| Gross Income | 2890 |
| Number Of Units Total | 3 |
Interior Features
| Above Grade Finished Area | 1702 |
|---|
Exterior Features
| Parking Features | Additional Parking |
|---|---|
| Water Source | Public |
| Lot Size Acres | 0.1607 |
| Lot Features | Interior Lot,Level |
| Total Parking | 3 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 59101
Price
Taxes
Year Built
© 2026 Billings Association of REALTORS ® Incorporated and Billings Multiple Listing Service Incorporated. All rights reserved. Information deemed reliable but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.
