2517 Arnold Lane, Billings, MT 59102
NA · Yellowstone County
Key Facts
Description
Turnkey tri-income property directly across from Lillis Park. Three separate rental streams generating $5,455/month ($65,460 annually) with all units leased at market rents. The main residence (1,529 sq ft | 3BD/2BA) and basement apartment (1,233 sq ft | 2BD/1BA) were completely rebuilt to the studs in 2025 — new LVP flooring, stainless appliances, and new roof. The detached ADU (960 sq ft | 2BD/2BA), completed in 2026, features a private patio and dedicated parking. All three units enjoy off-street parking on a 16,500 sq ft lot with freshly landscaped grounds and new asphalt parking added in 2026. Cap rate approaching 6% at list price. Zero deferred maintenance. Immediate returns. Rent Rolls available on request and signed NDA
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1950
Living Area
2,762 sq ft
Lot Size
0.38 acres
Garage Spaces
1
Days on Market
7
MLS® Listing#
360288
Property Features
Appliances
Cooling
Heating
Basement
Parking
Fencing
Lot Features
Roof
Sewer
Water Source
Schools
- Elementary:
- Burlington
- Middle:
- Will James
- High:
- West
Financial Details
Annual Taxes
$2,397
Parcel Number
D00303
Affordability Calculator
$165,307
Estimated monthly payment
$4,399/mo
Principal $661,226 · Est. interest $922,470 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Billings, MT
- $458,874
- Median Listing Price
- 45
- Median Days on Market
- 2,211
- Median Sq Ft
- $206
- Median Price / Sq Ft
- 660
- Active Listings
- This home’s price is 80% above the area median.
- Its price per sq ft is 45% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Billings, MT.
Location
Points of Interest in Billings, MT
Showing the Billings area map.
Nearby Schools
Trinity Lutheran School
School · 0.4 mi away
Burlington Elementary Pta
Elementary · 0.4 mi away
Will James Middle School
Secondary · 0.6 mi away
Saint Francis Catholic School
Secondary · 0.7 mi away
Kid Kountry Child Development Center
School · 0.8 mi away
Grace Montessori Academy
Elementary · 0.8 mi away
Meadowlark Elementary School
Elementary · 0.8 mi away
Poly Drive Elementary School
Elementary · 0.8 mi away
Rose Park Elementary School
Elementary · 0.8 mi away
Billings Montessori School
Elementary · 0.9 mi away
Billings West High School
Secondary · 0.9 mi away
Billings Catholic Schools
Secondary · 1.0 mi away
Boulder School
Elementary · 1.0 mi away
Central Acres Christian School
Elementary · 1.0 mi away
Waddlers To Toddlers Childcare and Preschool
School · 1.2 mi away
Central Heights Elementary
Elementary · 1.2 mi away
Billings Public Schools
School · 1.3 mi away
Miles Avenue School
Elementary · 1.3 mi away
Lewis & Clark Middle School
Secondary · 1.5 mi away
Career Center
Secondary · 1.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3004 Western Bluffs Boulevard, Billings, MT | $579,000 | 5 | 3 | 3,484 |
| 1706 Lake Hills Drive, Billings, MT | $579,000 | 6 | 3 | 3,504 |
| 2912 Arnold Palmer Drive, Billings, MT | $579,000 | 5 | 3 | 2,592 |
| 3514 Stone Brook Drive, Billings, MT | $579,000 | 4 | 3 | 2,704 |
| 2202 Greenbriar Road, Billings, MT | $579,900 | 4 | 2 | 1,868 |
| 5541 Bobby Jones Boulevard, Billings, MT | $579,900 | 4 | 3 | 2,350 |
Moving Cost Estimate
EXIT Agents in Billings
Listing Courtesy: Century 21 Americana - 406-794-6465
Presented by: Steve Wells
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