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
For sale
Price cut: $20K (6/29)
$325,000
240 Terry Ave, Billings, MT 59101
5beds
3baths
1,702sqft
Multi Family
Built in 1919
-- sqft lot
$-- Zestimate®
$191/sqft
$-- HOA
What's special
- 110 days
- 551
- 37
Zillow last checked:
Listing updated:
Listed by:
Heidi Brosovich 406-671-0122,
Montana Real Estate Brokers
Source: BMTMLS,MLS#: 359312
Originating MLS: Billings Association Of REALTORS
Originating MLS: Billings Association Of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Other, Combination
Interior area
- Total interior livable area: 1,702 sqft
- Finished area above ground: 1,702
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Additional Parking
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio
Lot
- Size: 7,000 Square Feet
- Features: Interior Lot, Level
Details
- Parcel number: A15911
- Zoning description: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1919
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Suburban Sub
Location
- Region: Billings
Financial & listing details
- Price per square foot: $191/sqft
- Tax assessed value: $315,900
- Annual tax amount: $2,111
- Date on market: 5/13/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,315/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/29/2026 | Price change | $325,000-5.8%$191/sqft |
Source:  BMTMLS #359312 Report a problem | ||
| 5/13/2026 | Price change | $345,000-1.1%$203/sqft |
Source: BMTMLS #359312 Report a problem | ||
| 7/2/2025 | Price change | $349,000-6.9%$205/sqft |
Source: BMTMLS #353986 Report a problem | ||
| 6/6/2025 | Price change | $375,000-4.8%$220/sqft |
Source: BMTMLS #351736 Report a problem | ||
| 4/30/2025 | Price change | $394,000-1.3%$231/sqft |
Source: BMTMLS #351736 Report a problem | ||
| 4/10/2025 | Listing removed | $1,395$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/1/2025 | Listed for sale | $399,000+149.5%$234/sqft |
Source: BMTMLS #351736 Report a problem | ||
| 3/24/2025 | Price change | $1,395+7.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/20/2025 | Price change | $1,300-6.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/28/2022 | Listed for rent | $1,395$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/26/2021 | Sold | -- |
Source: Public Record Report a problem | ||
| 7/9/2021 | Listed for sale | $159,900-23.8%$94/sqft |
Source: BMTMLS #321406 Report a problem | ||
| 2/2/2019 | Listing removed | $209,800$123/sqft |
Source: Dick Zier Brokerage #260749 Report a problem | ||
| 1/30/2019 | Pending sale | $209,800$123/sqft |
Source: Dick Zier Brokerage #260749 Report a problem | ||
| 1/14/2019 | Price change | $209,800-4.2%$123/sqft |
Source: Dick Zier Brokerage #260749 Report a problem | ||
| 12/5/2018 | Price change | $219,000-4.7%$129/sqft |
Source: Dick Zier Brokerage #260749 Report a problem | ||
| 9/21/2018 | Listed for sale | $229,900+15%$135/sqft |
Source: Dick Zier Brokerage #260749 Report a problem | ||
| 3/18/2014 | Listing removed | $199,900$117/sqft |
Source: Green Realty #240852 Report a problem | ||
| 3/5/2014 | Price change | $199,900-3.8%$117/sqft |
Source: Green Realty #240852 Report a problem | ||
| 10/13/2013 | Price change | $207,800+5.1%$122/sqft |
Source: RIMROCK REALTY #240852 Report a problem | ||
| 9/26/2013 | Listed for sale | $197,800+10%$116/sqft |
Source: RIMROCK REALTY #240852 Report a problem | ||
| 1/30/2012 | Listing removed | $179,800$106/sqft |
Source: RIMROCK REALTY #220131 Report a problem | ||
| 1/12/2012 | Listed for sale | $179,800$106/sqft |
Source: RIMROCK REALTY #220131 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,829 -30.9% | $315,900 +7.8% |
| 2024 | $2,646 +1.2% | $292,920 |
| 2023 | $2,615 +12.4% | $292,920 +25% |
| 2022 | $2,326 +5% | $234,330 -0.1% |
| 2021 | $2,215 +11.7% | $234,600 +11.9% |
| 2020 | $1,983 -1.9% | $209,630 |
| 2019 | $2,021 -3.7% | $209,630 +13.8% |
| 2018 | $2,100 +3% | $184,160 |
| 2017 | $2,039 +5.6% | $184,160 +5.3% |
| 2016 | $1,931 | $174,940 |
| 2015 | $1,931 +12.2% | $174,940 +107% |
| 2014 | $1,721 +34% | $84,517 +9.3% |
| 2013 | $1,284 +3.9% | $77,315 +4.9% |
| 2012 | $1,236 | $73,669 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $90,300 |
| 2007 | -- | $90,300 |
| 2006 | -- | $90,300 +1.5% |
| 2005 | -- | $89,000 |
| 2004 | -- | $89,000 |
| 2003 | -- | $89,000 +29.9% |
| 2002 | -- | $68,500 |
| 2000 | -- | $68,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Central-Terry
Nearby schools
Schools provided by the listing agent
- Elementary: Broadwater
- Middle: Lewis and Clark
- High: Senior High
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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