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For sale
    • Price cut: $20K (6/29)
    $325,000

    240 Terry Ave, Billings, MT 59101

    5beds
    3baths
    1,702sqft
    : 
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    Multi Family
    Built in 1919
    -- sqft lot
    $-- Zestimate®
    $191/sqft
    $-- HOA

    What's special

    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
    63 days
    |
    467
    |
    38
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Heidi Brosovich 406-671-0122,

    Montana Real Estate Brokers

    Source: BMTMLS,MLS#: 359312MLS LogoOriginating MLS: Billings Association Of REALTORS

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      Facts & 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

        $2,242/mo

        Price history

        DateEventPrice
        6/29/2026Price change$325,000-5.8%$191/sqft
        Source: BMTMLS #359312 Report a problem
        5/13/2026Price change$345,000-1.1%$203/sqft
        Source: BMTMLS #359312 Report a problem
        7/2/2025Price change$349,000-6.9%$205/sqft
        Source: BMTMLS #353986 Report a problem
        6/6/2025Price change$375,000-4.8%$220/sqft
        Source: BMTMLS #351736 Report a problem
        4/30/2025Price change$394,000-1.3%$231/sqft
        Source: BMTMLS #351736 Report a problem
        4/10/2025Listing removed$1,395$1/sqft
        Source: Zillow Rentals Report a problem
        4/1/2025Listed for sale$399,000+149.5%$234/sqft
        Source: BMTMLS #351736 Report a problem
        3/24/2025Price change$1,395+7.3%$1/sqft
        Source: Zillow Rentals Report a problem
        3/20/2025Price change$1,300-6.8%$1/sqft
        Source: Zillow Rentals Report a problem
        11/28/2022Listed for rent$1,395$1/sqft
        Source: Zillow Rental Manager Report a problem
        8/26/2021Sold--
        Source: Public Record Report a problem
        7/9/2021Listed for sale$159,900-23.8%$94/sqft
        Source: BMTMLS #321406 Report a problem
        2/2/2019Listing removed$209,800$123/sqft
        Source: Dick Zier Brokerage #260749 Report a problem
        1/30/2019Pending sale$209,800$123/sqft
        Source: Dick Zier Brokerage #260749 Report a problem
        1/14/2019Price change$209,800-4.2%$123/sqft
        Source: Dick Zier Brokerage #260749 Report a problem
        12/5/2018Price change$219,000-4.7%$129/sqft
        Source: Dick Zier Brokerage #260749 Report a problem
        9/21/2018Listed for sale$229,900+15%$135/sqft
        Source: Dick Zier Brokerage #260749 Report a problem
        3/18/2014Listing removed$199,900$117/sqft
        Source: Green Realty #240852 Report a problem
        3/5/2014Price change$199,900-3.8%$117/sqft
        Source: Green Realty #240852 Report a problem
        10/13/2013Price change$207,800+5.1%$122/sqft
        Source: RIMROCK REALTY #240852 Report a problem
        9/26/2013Listed for sale$197,800+10%$116/sqft
        Source: RIMROCK REALTY #240852 Report a problem
        1/30/2012Listing removed$179,800$106/sqft
        Source: RIMROCK REALTY #220131 Report a problem
        1/12/2012Listed for sale$179,800$106/sqft
        Source: RIMROCK REALTY #220131 Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Central-Terry

        Getting around

        63 / 100
        Somewhat Walkable
        52 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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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