1229 Poly Dr - Apartments FOR SALE


Billings, MT 59102- Downtown Billings
$825,000 USD
406-671-1158
1229 Poly Dr, Billings, MT for Sale
$825,000 USD
Apartments - FOR SALE
1/19
null | 6.39% Cap Rate

1229 Poly Dr
Billings, MT 59102
Downtown Billings


HIGHLIGHTS

  • 6-Unit Multifamily Investment Property
  • Prime Location Near Rocky Mountain College & Billings’ Medical Corridor
  • Private, Park-Like Setting Surrounded by Mature Trees
  • Value-Add Potential
  • Established 1967 Property with Long-Term Rental Investment Potential

OVERVIEW

Tucked among mature trees and established landscaping, this multifamily property offers a setting that feels surprisingly peaceful and residential while remaining close to some of Billings’ most important amenities. The thoughtful layout and private outdoor areas give the property a distinctive character that sets it apart from a typical apartment investment. With an established footprint and opportunities to enhance the property over time, a new owner can build upon what is already here while positioning the asset for its next chapter. Convenient access to education, healthcare, shopping, dining, and major transportation routes further supports its appeal within the Billings rental market.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

6

PRICE/UNIT

$137,500

CAP RATE

6.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1229-1239 Poly Drive

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,317 SF

ZONING

NX2-Mixed Residential 2 -

APN/PARCEL ID

03-1033-31-2-11-03-0000

ASK ABOUT THIS PROPERTY

Matt RobertsonNAI Business PropertiesMore Info
406-671-1158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matt RobertsonNAI Business PropertiesMore Info
406-671-1158

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.