Three single-family homes on separate lots with individual Tax IDs—offering flexible options to keep separate or develop combined. All homes are currently rented with a strong rental history, professionally managed, and well maintained. Located next to Riverstone Health and just minutes from downtown, this cluster of properties presents a rare opportunity for investors seeking steady cash flow or developers exploring potential in the DX (Downtown Mixed Use) zoning. Whether you’re looking to hold as rentals or redevelop the possibilities are wide open. Buyers to verify zoning and development potential with the City of Billings. Cash Flow NOW Develop LATER Zoned DX (Downtown Mixed Use), these three adjacent parcels total approx. 21,000 sq ft and offer a rare opportunity in the downtown core. With no max density or parking requirements, a well-designed project could potentially support 100+ units (buyer to verify). Ideal for multifamily or mixed-use infill development. Unique opportunity in the Downtown Area. 3 Single Family Homes that are currently rented with strong rental history, great management and well maintained all together on 1 block. Combined they make up .48 acres of DX (Downtown Mixed-Use). DX zoning is intended to encourage urban-scale mixed-use development in the downtown core, supporting high-density residential, commercial, civic, and entertainment uses. It’s the most flexible zoning in Billings and allows the most intense development. ? Permitted Uses (By Right) You can by right develop: Multifamily residential units Townhouses or rowhouses Retail, restaurants, bars Office, hotel, live/work spaces Civic/institutional uses (churches, schools, libraries) Entertainment & event venues There is no explicit restriction in DX zoning separating residential from commercial uses, so vertical or horizontal mixed-use is encouraged. ?? Development Potential The three lots together total ~21,000 sq ft (~0.48 acres). 1. Density and Building Size There is no minimum lot area per dwelling unit, no max density, and no floor area ratio (FAR) cap in DX. Instead, development is regulated by building envelope controls, such as: Max height: Unlimited unless otherwise restricted by overlays. Front setbacks: 0 feet (build-to-line encouraged). Rear/side setbacks: Usually minimal or none depending on adjacent use. Lot coverage: Generally unrestricted. So in theory, you could build: Mid-rise apartments (e.g. 3–6 stories) Vertical mixed-use (e.g. retail or offices on ground floor, apartments above) High-density rowhouses or townhomes The actual unit count would depend on: Design (hallways, stairs, elevators) Parking requirements (often waived or reduced in DX) Fire/life safety and building code limits ?? Rough Estimate – Number of Units Assuming a 4-story apartment building with 75% lot coverage and average 800 sq ft per unit, you could theoretically fit: 21,000 sq ft × 4 floors = 84,000 buildable sq ft 84,000 ÷ 800 sq ft per unit ˜ 105 units This number could be higher with micro-units or lower with luxury units. ?? Parking DX zoning has no minimum off-street parking requirement for residential or commercial development, which removes a major barrier to infill density. * information was gathered from https://www.billingsmt.gov/DocumentCenter/View/43770/-BMCC-City-Zoning-Code-2021 *All development potential subject to city approval and site-specific constraints. Buyer to verify zoning and development potential. Listed by Jacque Lorang Heavenly Homes RRE-BRO-LIC-16393 Montana