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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).

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).

420 Lordwith Drive, Billings

Listing courtesy of Lukas Seely from Century 21 Americana

8-unit, two-story brick multifamily offering all 2BR/1BA units, 100% occupied with a waitlist. Balanced unit mix with 4 renovated & 4 classic units creates a strong in-place income stream with clear upside. Classic units present a proven path to increased rents through interior updates, making this the most compelling value-add opportunity in the portfolio. Current income supports immediate cash flow, while future improvements allow for growth. Condo conversion has been approved, providing flexibility for a potential sell-off strategy or long-term hold. Located within a three-building offering, available individually or as part of the full portfolio. Positioned less than one mile from a major hospital development, supporting long-term rental demand. See listings for Building A (MLS #358656) and Building B (MLS #358710). Full portfolio listing available under MLS #358713.

8-unit, two-story brick multifamily offering all 2BR/1BA units, 100% occupied with a waitlist. Balanced unit mix with 4 renovated & 4 classic units creates a strong in-place income stream with clear upside. Classic units present a proven path to increased rents through interior updates, making this the most compelling value-add opportunity in the portfolio. Current income supports immediate cash flow, while future improvements allow for growth. Condo conversion has been approved, providing flexibility for a potential sell-off strategy or long-term hold. Located within a three-building offering, available individually or as part of the full portfolio. Positioned less than one mile from a major hospital development, supporting long-term rental demand. See listings for Building A (MLS #358656) and Building B (MLS #358710). Full portfolio listing available under MLS #358713.

420 Lordwith Drive Unit Building C, Billings

Listing courtesy of Lukas Seely from Century 21 Americana

8-unit, two-story brick multifamily offering all 2BR/1BA units with full occupancy and an active waitlist. Majority of units have been thoughtfully updated, with remaining classic units presenting a clear value-add opportunity through light renovation and repositioning. Strong in-place performance with immediate income and upside tied to unit turnover and continued improvements. Ideal blend of stabilized asset and future growth potential. DOR-approved condo conversion creates optional exit strategy for individual unit sales. Part of a three-building offering at 420 Lordwith Drive in Billings, available individually or as a portfolio acquisition. Located less than one mile from the new Intermountain Health campus, supporting long-term rental demand and area growth. See related for Building A (MLS #358656) and Building C (MLS #358712). Full portfolio listing available under MLS #358713.

8-unit, two-story brick multifamily offering all 2BR/1BA units with full occupancy and an active waitlist. Majority of units have been thoughtfully updated, with remaining classic units presenting a clear value-add opportunity through light renovation and repositioning. Strong in-place performance with immediate income and upside tied to unit turnover and continued improvements. Ideal blend of stabilized asset and future growth potential. DOR-approved condo conversion creates optional exit strategy for individual unit sales. Part of a three-building offering at 420 Lordwith Drive in Billings, available individually or as a portfolio acquisition. Located less than one mile from the new Intermountain Health campus, supporting long-term rental demand and area growth. See related for Building A (MLS #358656) and Building C (MLS #358712). Full portfolio listing available under MLS #358713.

420 Lordwith Drive Unit Building B, Billings

Listing courtesy of Lukas Seely from Century 21 Americana

Fully occupied 8-unit, two-story brick multifamily property offering strong in-place income and immediate upside. All units are 2 bed, 1 bath. Five units have been renovated and are achieving premium rents, with three remaining units providing a clear value-add opportunity through updates. Property has demonstrated rental growth with continued demand in the area and consistent occupancy. DOR-approved for condo conversion, creating flexibility for a future exit strategy or phased sell-off. Located less than one mile from a major regional hospital development, supporting long-term rental demand. Part of a three-building portfolio at 420 Lordwith Drive, available individually or as a portfolio acquisition. Opportunity for both cash flow and appreciation. ee related listings for Building B (MLS #358710) and Building C (MLS #358712). Full portfolio listing available under MLS # 358713.

Fully occupied 8-unit, two-story brick multifamily property offering strong in-place income and immediate upside. All units are 2 bed, 1 bath. Five units have been renovated and are achieving premium rents, with three remaining units providing a clear value-add opportunity through updates. Property has demonstrated rental growth with continued demand in the area and consistent occupancy. DOR-approved for condo conversion, creating flexibility for a future exit strategy or phased sell-off. Located less than one mile from a major regional hospital development, supporting long-term rental demand. Part of a three-building portfolio at 420 Lordwith Drive, available individually or as a portfolio acquisition. Opportunity for both cash flow and appreciation. ee related listings for Building B (MLS #358710) and Building C (MLS #358712). Full portfolio listing available under MLS # 358713.

420 Lordwith Drive Unit Building A, Billings

Listing courtesy of Lukas Seely from Century 21 Americana

board logo IDX information provided courtesy of the Montana Regional MLS, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.