1 OTHER, Rapid City, SD 57701
OTHER · Pennington County
Key Facts
Description
Listed by Tony Marshall, 605-391-8669. A rare opportunity to acquire 7 duplexes and 1 triplex—all maintained and all in close proximity of each other in the Blaine/N. Maple neighborhoods. These properties have long-term, high-performing rent rolls with stable occupancy and proven cash flow, making them an exceptional addition to any portfolio. The current owner has relocated out of the area and the long-time maintenance manager is retiring, creating a natural transition point for a new investor to step in and supercharge their real estate portfolio. Offered at an 8.5% cap rate based on trailing 12-month performance, supported by consistent rental history. Currently, 12 of the 17 units have at least 6 months remaining on their leases. Seller financing will be considered for qualified buyers, providing flexible acquisition options. Property features across the portfolio include: Side-by-side and up/down layouts, units with 2-car garages, walkouts and raised ranch designs, coin-operated laundry in select buildings, multiple storage sheds & fenced yards. This is a turnkey, income-producing portfolio with strong fundamentals. Investors seeking durable cash flow and geographic efficiency will find tremendous value here.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1950
Zoning
Unknown
MLS® Listing#
179999
Property Features
Cooling
Heating
Basement
Parking
Lot Features
Construction
Roof
Windows
Security
Sewer
Water Source
Affordability Calculator
$462,200
Estimated monthly payment
$12,300/mo
Principal $1,848,800 · Est. interest $2,579,241 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Rapid City, SD
- $410,625
- Median Listing Price
- 47
- Median Days on Market
- 1,900
- Median Sq Ft
- $232
- Median Price / Sq Ft
- 621
- Active Listings
- This home’s price is 463% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Rapid City, SD.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 13365 SILVER MOUNTAIN ROAD, Rapid City, SD | $1,625,000 | 6 | — | 4,351 |
| 13365 Silver Mountain Rd, Rapid City, SD | $1,625,000 | 6 | — | 4,351 |
| 7450 DARK CANYON RD, Rapid City, SD | $1,695,000 | 3 | — | 2,509 |
| 11758 W HWY 44, Rapid City, SD | $1,699,999 | 4 | — | 3,612 |
| 11758 Highway 44, Rapid City, SD | $1,699,999 | 4 | — | 3,612 |
| 550 N 5TH ST, Rapid City, SD | $1,700,000 | — | — | 13,232 |
Moving Cost Estimate
Listing Courtesy: CINC REALTY LLC - 6053918669
Presented by: TONY MARSHALL