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Under contract
  • $1,495,000

    1501 Plateau Rd, Billings, MT 59105

    --beds
    --baths
    1,216sqft
    : 
    Multi Family, Manufactured Home, Single Family Residence
    Built in 1993
    -- sqft lot
    $-- Zestimate®
    $1,229/sqft
    $-- HOA

    What's special

    Tack roomsShared outdoor arenaHeated auto-waterers
    Rare opportunity to acquire a turnkey 40-acre income + equestrian property in Billings, MT. This unique investment features 8 park-owned mobile homes on private 1-acre pads, 2 large shops, and 6 independent horse pasture rentals with shelters, tack rooms, heated auto-waterers, electricity, and a shared outdoor arena. Scenic Seven Mile Creek runs through the land, enhancing both lifestyle appeal and long-term value. The property is 100% occupied with professional management in place, and tenants maintain their own gas and electric meters for low owner maintenance. With gross income of approx. $168,000, NOI near $135,000, and a strong 9% cap rate, this asset delivers immediate cash flow plus upside potential to add additional home sites, storage units, or build your own custom residence onsite. This is a rare blend of rural Montana living and solid investment performance.
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    Zillow last checked: 7 hours ago

    Listing updated: March 14, 2026 at 12:04pm

    Listed by:

    Damian Forrester 406-578-4399,

    eXp Realty, LLC - Billings

    Source: BMTMLS,MLS#: 358041MLS LogoOriginating MLS: Billings Association Of REALTORS

      Facts & features

      Interior

      Heating
      • Forced Air, Gas
      Cooling
      • Window Unit(s)
      Interior area
      • Total interior livable area: 1,216 sqft
      • Finished area above ground: 1,216
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 40 Acres
      • Features: Level
      Details
      • Parcel number: D07129B
      • Zoning description: See Remarks

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Manufactured Home
      • Property subtype: Multi Family, Manufactured Home, Single Family Residence
      Materials
      • Steel
      • Roof: Metal,Shingle
      Condition
      • Resale
      • Year built: 1993

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Cistern, Shared Well, Well

      Community & HOA

      Community
      • Subdivision: Lower 40
      Location
      • Region: Billings

      Financial & listing details

      • Price per square foot: $1,229/sqft
      • Date on market: 3/11/2026
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,326/mo

        Price history

        Price history
        DateEventPrice
        3/14/2026Contingent$1,495,000$1,229/sqft
        Source: BMTMLS #358041 Report a problem
        3/12/2026Listed for sale$1,495,000+99.3%$1,229/sqft
        Source: BMTMLS #358041 Report a problem
        1/25/2022Listing removed--
        Source: BMTMLS #318413 Report a problem
        8/4/2021Contingent$750,000-16.7%$617/sqft
        Source: BMTMLS #318413 Report a problem
        8/4/2021Listed for sale$900,000+63.6%$740/sqft
        Source: BMTMLS #318424 Report a problem
        6/3/2021Contingent$550,000-42.1%$452/sqft
        Source: BMTMLS #318413 Report a problem
        5/26/2021Price change$950,000+72.7%$781/sqft
        Source: BMTMLS #318424 Report a problem
        5/26/2021Listed for sale$550,000-49.5%$452/sqft
        Source: BMTMLS #318413 Report a problem
        2/17/2021Listing removed--
        Source: BMTMLS #302488 Report a problem
        10/23/2020Price change$1,089,000-0.1%$896/sqft
        Source: BMTMLS #302488 Report a problem
        1/16/2020Listed for sale$1,090,000-27.3%$896/sqft
        Source: Metro, REALTORS L.L.P #302488 Report a problem
        11/12/2019Listing removed$1,500,000$1,234/sqft
        Source: Metro, REALTORS L.L.P #291282 Report a problem
        11/11/2018Listed for sale$1,500,000$1,234/sqft
        Source: Metro, REALTORS L.L.P #291282 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $8,757/mo
        Principal & interest
        $7710
        Property taxes
        $1047
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          Climate risks

          Neighborhood: 59105

          Getting around

          0 / 100
          Car-Dependent
          25 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Independent
          • Middle: Medicine Crow
          • High: Skyview

          Source: BMTMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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