1625 Annafeld Pky E - Apartments FOR SALE


Billings, MT 59101
$7,988,000 USD
406-500-9403
1625 Annafeld Pky E, Billings, MT for Sale
$7,988,000 USD
Apartments - FOR SALE
1/41
null | 5.32% Cap Rate

1625 Annafeld Pky E
Billings, MT 59101


HIGHLIGHTS

  • Healthy rent escalations with a well structured HOA.
  • New construction with continued residential development and class A retail space.

OVERVIEW

Position your investment at the heart of one of Billings’ most thoughtfully planned and fastest-growing communities. The Marketplace at Annafeld offers a rare mixed-use opportunity featuring 7 street-level retail units, 22 fully-leased residential apartments, and 21 enclosed garage spaces, all designed with a walkable, community-focused lifestyle in mind. Located in the vibrant core of the Annafeld neighborhood—a modern, master-planned development by McCall Homes—this property sits at the commercial anchor of a community that’s only halfway built out, offering significant long-term upside as the remaining phases are completed. Surrounded by beautifully crafted homes, bike paths, parks, and pocket greenspaces, this property draws both daily foot traffic and a built-in customer base of residents who prioritize convenience, connection, and quality. Whether you're an investor seeking steady rental income or a business owner looking to plant roots in an up-and-coming district, The Marketplace delivers on all fronts.

FOR SALE DETAILS

PRICE

$7,988,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

50

PRICE/UNIT

$159,760

CAP RATE

5.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Annafeld Marketplace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

PUD

APN/PARCEL ID

03-0927-19-2-12-03-0000,A36963,A37240,A37242,A37243

ASK ABOUT THIS PROPERTY

Haley VannattaNAI Business PropertiesMore Info
406-500-9403

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Haley VannattaNAI Business PropertiesMore Info
406-500-9403

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