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.

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Billings Association of Realtors

Based on information submitted to Billings Association of Realtors as of May 20, 2026 6:42 PM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 420 Lordwith Drive

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Derek Joseph

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Property Details of 420 Lordwith Drive

Property Details

Basic Information

Building

Location

Exterior Features

Featues

Utilities and Appliances

Utilities and Appliances

Community

Area

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?