Western View Apartments

2601 Phyllis Ln Billings, MT 59102

2601 Phyllis Ln, Billings, MT, 59102
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$9,363,000
Last Verified:
Dec 18, 2025

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Highlights

  • 84 Units
  • APX 30 Section 8 leased units
  • Below Market Rents, opportunity for NOI Improvement
  • Extremely Low Vacancy, currently fully occupied
  • Mix of 1, 2 & 3 bedroom Units
  • On-site Parking Spaces
  • Mature landscaping
  • Adjacent to Stewart Park
  • Professionally managed

Description

West End multifamily property available for sale. Perfectly positioned within walking distance of shopping, restaurants and businesses. No showings available until accepted offer in place.

Located on the West End off of Monad Rd


Year Built: 1972
Building Size: 68772sq ft
Building Class: B
Lot Size: 5.41 acres


Documents

Alt Sale Brochure

Map of 2601 Phyllis Ln, Billings, MT, 59102

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.