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About This Home
This 0-bedroom, 0-bathroom commercial at 420 Lordwith Drive in Billings, MT is listed for $5,450,000 ($229 per sqft). Built in 1959, the home offers 23,760 sqft of living space on a 0.55 acres lot.
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.
Key Features
- Built in 1959
- 0.55 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$29,148/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
420 Lordwith Drive
Billings, MT 59102
Witherup
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 420 Lordwith Drive is listed at $5,450,000 ($229/sqft). The estimated monthly payment is $23,617 based on 20% down at 6.5% interest.
Key features include: Built in 1959, 0.55 acre lot, 2 stories.
This property is listed by Lukas Seely and can be reached at 3105705415 or looder.realestate@gmail.com.