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Annafeld Marketplace 1625 Annafeld Pky E 50 Unit Apartment Building $11,150,609 CAD ($223,012 CAD/Unit) 5.32% Cap Rate Billings, MT 59101

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INVESTMENT HIGHLIGHTS

  • Healthy rent escalations with a well structured HOA.
  • New construction with continued residential development and class A retail space.

EXECUTIVE SUMMARY

Position your investment at the heart of one of Billings’ most thoughtfully planned and fastest-growing communities. The Marketplace at Annafeld offers a rare mixed-use opportunity featuring 7 street-level retail units, 22 fully-leased residential apartments, and 21 enclosed garage spaces, all designed with a walkable, community-focused lifestyle in mind.
Located in the vibrant core of the Annafeld neighborhood—a modern, master-planned development by McCall Homes—this property sits at the commercial anchor of a community that’s only halfway built out, offering significant long-term upside as the remaining phases are completed.
Surrounded by beautifully crafted homes, bike paths, parks, and pocket greenspaces, this property draws both daily foot traffic and a built-in customer base of residents who prioritize convenience, connection, and quality. Whether you're an investor seeking steady rental income or a business owner looking to plant roots in an up-and-coming district, The Marketplace delivers on all fronts.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $11,150,609 CAD
Price Per Unit $223,012 CAD
Sale Type Investment
Cap Rate 5.32%
No. Units 50
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class B
Lot Size 1.02 AC
Building Size 30,762 SF
Average Occupancy 100%
No. Stories 3
Year Built 2022
Zoning PUD - The intent of planned development is to provide flexible land use and design regulations through the creation of individualized planned development

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Double Pane Windows
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Day Care
  • Picnic Area
  • Playground
  • Security System
  • Wheelchair Accessible
  • On-Site Retail
  • Storage Space
  • Private Bathroom

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 10 $2,582 CAD 1,160
1+1 12 $2,024 CAD 595 - 624
Studios 7 $3,279 CAD 633 - 1,756

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-0927-19-2-12-01-0000
Land Assessment
$67,736 CAD
Improvements Assessment
$3,951,566 CAD
Total Assessment
$4,019,302 CAD
  • Listing ID: 36873524

  • Date on Market: 2025-07-22

  • Last Updated:

  • Address: 1625 Annafeld Pky E, Billings, MT 59101

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