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Annafeld Marketplace 1625 Annafeld Pky E 50 Unit Apartment Building $10,880,934 CAD ($217,619 CAD/Unit) 5.32% Cap Rate Billings, MT 59101
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.
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
- Offering Memorandum
Property Facts
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 | $2,520 CAD | 1,160 |
| 1+1 | 12 | $1,975 CAD | 595 - 624 |
| Studios | 7 | $3,200 CAD | 633 - 1,756 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-0927-19-2-12-01-0000 | Improvements Assessment | $3,818,874 CAD |
| Land Assessment | $65,461 CAD | Total Assessment | $3,884,335 CAD |
Property Taxes
Parcel Number
03-0927-19-2-12-01-0000
Land Assessment
$65,461 CAD
Improvements Assessment
$3,818,874 CAD
Total Assessment
$3,884,335 CAD
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Annafeld Marketplace | 1625 Annafeld Pky E
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