$5,450,000

420 Lordwith Drive, Billings MT, 59102

Price per sqft$229.38

Built in1959

Property size23,760 sqft

Property typeCommercial

Overview

Active

Listed Apr 13, 2026

Updated Jul 31

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. See related listings for Building A (MLS #358656), Building B (MLS #358710) and Building C (MLS #358712).

Other Property Details

Taxes: $9,839
Tax Frequency: Annually

Listed by Lukas Seely with Century 21 Americana
Listing Contact: 310-570-5415

The IDX display contains information sourced from the Billings Association of REALTORS® as of 7/31/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 7/31/2026 at 4:07 AM UTC