222 18Th StBillings, MT 59101

Property Details for 222 18Th St

Year built

2025

Lot size

0.43 AC

Property size (Sq ft)

17,847 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents the Billings Brownstones, a 22-unit townhome development in Billings, Montana's East Billings Urban Renewal District. This shovel-ready project, situated on a 0.43-acre lot at 222 N 18th St, Billings, MT 59101, offers a compelling build-to-rent proposition. The development comprises three, two-story buildings totaling 17,847 square feet, constructed in 2025, and classified as Class A multifamily. With an asking price of $799,000, this project boasts an estimated total project cost of $5.2 million and anticipates a gross annual income of approximately $425,160. The property has received preliminary approval for a $540,000 Tax Increment Financing (TIF) allocation. Billings's robust real estate market, characterized by a decreasing vacancy rate (currently 8.3%, down from 10.0% a year ago) and strong renter demand (480 units absorbed in the past year), makes this a highly attractive investment. This redevelopment opportunity offers significant potential for strong returns in a thriving Montana market. The property's location within the Urban Renewal District further enhances its long-term value and growth prospects. This is a rare chance to acquire a nearly completed, high-quality multifamily property in a rapidly developing area.

Location Insight

City

Billings

County

Yellowstone

State

Montana

Latitude

45.7893

Longitude

-108.495

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