420 Lordwith Drive
$5,450,000
420 Lordwith Drive, Billings, MT 59102
23,761 sqft
Lot Area
1959
Year Built
Details:
Highlights:
- Annual Tax: $ 9839.0
- Age: Over 50 Years Old
Description:
Sprinklers In Ground
The Residences at Lordwith is a stabilized 24-unit multifamily in a central Billings infill location near Pioneer Park and downtown. The property is fully occupied with a waitlist, providing consistent cash flow supported by strong demand and professional management. It offers clear upside through renovation of remaining classic units, with updated units already achieving higher rents and demonstrating a repeatable path to increased NOI. An approved condo conversion adds flexibility, allowing for long-term hold, phased sell-off, or full retail disposition. With proven performance, continued rent growth, and demand from both renters and potential owner-occupants, this asset presents a strong blend of stability and upside.
Listing ID: 0a0a3548-9fbb-4dfd-a159-415517296647
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Location
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