This legal nonconforming up/down duplex with a walk-out basement has been recently updated with a new roof & hot water heater in 2025 & a new basement wall heater in 2024. Unit 1 upstairs features 2 bedrooms, 3 off-street parking spaces, and a fenced front & side yard. Unit 2 downstairs features 1 bedroom, lots of extra storage, 2 off-alley parking spaces, and a fenced back yard. There is no interior stairway connecting the two units, but the rent from unit 2 could offset a substantial portion of the mortgage for anyone wanting to live in unit 1. Unit 1 tenants are leaving by 9/30/26, but have paid $940/mo the past 2 years; unit 2 tenant (Section 8 subsidized) would like to stay with her 2 cats and currently pays $825/mo (including $60/mo in pet rent). Both units have laundry hookups, but tenants supply their own washer & dryer. Upstairs tenant owns the window AC units, but downstairs window AC unit conveys with purchase. Actual income & expenses for 2025 are listed, but current rents are below market rates to minimize vacancy. Seller is willing to consider concessions to the Buyer. Listing Agent is an officer of the LLC holding this property.
| Mls #: | 181152 |
|---|---|
| Asking Price: | $219,000 |
| Type: | Duplex |
| Property Status: | Active |
| City: | Rapid City |
| County: | Pennington |
| ZIP: | 57701 |
| Year Built: | 1946 |
| Number Of Units: | 2 |
| Status Category: | Active |
| Lot Size: | 37.5' x 140' |
| Auction Y/N: | No |
| HEATING: | Forced Air, Natural Gas, Wall Furnace |
| AIR CONDITIONING: | None |
| ROOF: | Composition, Metal |
| ENTRANCE: | More Than One/Unit, Private Entrance |
| FOUNDATION: | Full Basement, Concrete Block, Walkout |
| PARKING: | Assigned, See Remarks |
| DOCUMENTS ON FILE: | List of Furnishings, Survey, Leases, Other (See Remarks), Property Disclosure |
| TYPE OF TENANCY: | Month to Month, Vacant |
| UNIT FEATURES: | All Units, Some Units, Window Coverings, Kit/DR Combo, Pet Restrictions, Range Hood, Smoke Free, Individual Heat, Laundry Hookups, Fenced Yard |
| WATER: | City (at site) |
| SEWER: | City (at site) |
| POSSESSION: | Immediate, See Remarks, Subject to Tenant |
| SAFETY FEATURES: | Smoke Detectors |
| VIEW: | Neighborhood |
| LOT TYPE: | Interior |
| ZONING: | Non-conforming |
| VACANCY RATE: | 0 - 5% |
| Terms: | Assumption, Cash, New Loan |
| Personal Property: | All Units, Range/Oven, Refrigerator, Shed |
Listing Courtesy of: THE REAL ESTATE GROUP, INC.
Listing Agent: MIKE ZACHMEIER
520-305-1109
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Black Hills Association of REALTORS® data last updated on October 08, 2026 02:54 PM - MT.
Property Last Updated: October 08, 2026 02:54 PM - MT
