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225 E WATERTOWN, Rapid City, SD 57701

SCHNASSE ADD · Pennington County

Key Facts

1963Year Built

Description

Solid 17 unit apartment complex in the heart of Rapid City with easy access to city center, shopping and public transportation. All brick construction making for ease of maintenance with recent updates including: New centralized boiler, 2021, Centralized water heater 2022 and some new windows. Property has low vacancy, on site laundry, decorative security fence, on site parking and is ready for it's new owner.

Property Information

Property Type

Residential Income

Sub-Type

Multi Family

Style

Other

Year Built

1963

Zoning

Conforming

MLS® Listing#

172951

Property Features

Appliances:
Range, Oven, Refrigerator
Cooling:
Wall Unit(s)
Heating:
Hot Water
Lot Features:
Level
Construction:
Brick Veneer
Foundation:
Slab
Roof:
Other
Security:
Smoke Detector(s)
Utilities:
Natural Gas Available
Sewer:
Public Sewer
Water Source:
Public

Affordability Calculator

$290,000

Estimated monthly payment

$7,718/mo

Principal $1,160,000 · Est. interest $1,618,303 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Rapid City, SD

$419,136
Median Listing Price
49
Median Days on Market
1,904
Median Sq Ft
$232
Median Price / Sq Ft
621
Active Listings
  • This home’s price is 246% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Rapid City, SD.

Location

  • 225 E WATERTOWN, Rapid City, SD 57701

Nearby Schools

  • Wellfully Pacc

    School · 0.4 mi away

  • Career Learning Center of the Black Hills

    School · 0.5 mi away

  • General Beadle Elementary School

    Elementary · 0.5 mi away

  • Black Hills Lutheran Schools

    School · 0.7 mi away

  • North Middle School

    Secondary · 0.8 mi away

  • Jefferson Building - 64

    Elementary · 0.8 mi away

  • Rapid City Area School District

    Elementary · 0.8 mi away

  • Knollwood Heights Elementary

    Elementary · 0.9 mi away

  • Rapid City Area Schools

    School · 1.0 mi away

  • Central High School

    Secondary · 1.1 mi away

  • Horace Mann Elementary School

    Elementary · 1.3 mi away

  • Rapid City High School

    Secondary · 1.3 mi away

  • Dakota Middle School

    School · 1.3 mi away

  • Banana Bunch Children's Learning Center

    School · 1.5 mi away

  • Hot Rod Institute

    Secondary · 1.5 mi away

  • Woodrow Wilson Elementary - 17

    Elementary · 1.8 mi away

  • Robbinsdale Elementary

    Elementary · 1.8 mi away

  • South Park Elementary School

    Elementary · 1.8 mi away

  • South Middle School

    Secondary · 1.8 mi away

  • Creekside Christian School

    School · 2.1 mi away

Commute Calculator

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EXIT Agents in Rapid City

Listing Courtesy: RE/MAX ADVANTAGE - 6053437653

Presented by: ED DREYER

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Black Hills Association of REALTORS®. All rights reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by BlackHills. MLS® Listing#172951. © 2026EXIT Realty®. All rights reserved.