About This Home

This 3-bedroom, 2-bathroom single family at 242 Hemlock Drive in Billings, MT is listed for $225,000 ($166 per sqft). Built in 1958, the home offers 1,356 sqft of living space on a 0.24 acres lot.

Key Features

  • Built in 1958
  • 0.24 acre lot

Property Details

1 story
2 full
1958
Listing Description

Pick up some mailbox money with this cashflow property in Lockwood. Currently offering an approximate cap of 8.4%. This property provides a great combo 2 unit rental opportunity including a 2bed 1 bath house and a 1 bed 1 bath mobile. Pick it up for the cashflow or move into one and rent the other out. Both units are currently rented with renters wishing to remain. Located on a secluded street in the middle of Lockwood this is your chance to add a strong rental property to your portfolio.

Monthly Cost Estimate

$1,203/mo

20% down · 6.5% · 30 years

Principal$163
Interest$975
Insurance$66

Estimates only. Actual payments may vary.

Location

242 Hemlock Drive

Billings, MT 59101

Hillner

Property Details

Construction

Asbestos

Heating

Forced AirNatural Gas

Appliances

FreeStandingRangeOvenRangeRefrigerator

Questions & Answers

This 3-bedroom, 2-bathroom single family at 242 Hemlock Drive is listed at $225,000 ($166/sqft). The estimated monthly payment is $1,204 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1958, 0.24 acre lot.

This property is listed by Shawn Johnston and can be reached at 4067023949.

SJ

Shawn Johnston

Agent at Keller Williams Yellowstone Properties

(406) 702-3949

Listed by Keller Williams Yellowstone Properties · View on Broker Site

MLS# 360130· Source: listhub· Listed today

Copyright © 2026 Billings Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

242 Hemlock Drive, Billings, MT 59101

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