About 420 Lordwith Drive
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).
Features of 420 Lordwith Drive
| MLS® # | 358713 |
|---|---|
| Price | $5,450,000 |
| Bathrooms | 0.00 |
| Acres | 0.55 |
| Year Built | 1959 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Community Information
| Address | 420 Lordwith Drive |
|---|---|
| Area | (06) Downtown |
| Subdivision | Witherup |
| City | Billings |
| County | Yellowstone |
| State | MT |
| Zip Code | 59102 |
Interior
| Heating | Forced Air, Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
| Has Basement | No |
Exterior
| Lot Description | Alley, Sprinklers In Ground |
|---|---|
| Roof | Asphalt, Shingle |
| Construction | Brick |
Listing Details
| Office | Century 21 Americana |
|---|---|
| Office Phone | 406-294-2121 |
| Contact Info | 310-570-5415 |