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Fully Rented Duplex
For Sale
$285,000

3417 W Rapid Street, Rapid City, SD 57702

Rapid City, SD

Property SizeContact for details
Days on Market94

Property Features for 3417 W Rapid Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Rooms Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3
Subdivision Owen Mann
Standard status Active

Building Details

Year built 1952
Listing Agency: Engel & Volkers Rapid City · Engel & Völkers
Listed By: Rich Hegre
Added: Jun 1 Changed: Aug 20 Last Checked: Sep 2 at 3:06PM
MLS# 88236

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1952, this duplex contains two residential units and is currently fully rented. The property includes bedroom spaces identified as Bedrooms 1, 2, 3, and 4, although the unit distribution is not specified.

Occupancy history is a notable operating fact: the property has reportedly maintained zero vacancy for over 3 years. The duplex is located at 3417 W Rapid Street in Rapid City, South Dakota, within Pennington County.

Key Highlights

  • Duplex with two residential units
  • Fully rented at present
  • Zero vacancy for over 3 years

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Bakery Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

406
Businesses Nearby

Demographics for 57702, SD

33,162
Population
16,786
Households
2
Avg Household Size
46
Median Age
48%
College-Educated
98%
High-School Grad
285.8 sq mi
ZIP Area
116
Density / Sq Mi
$85,700
Median Household Income
$44,214
Median Earnings
$1,209
Median Rent
$341,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with current occupancy and a documented vacancy-free period exceeding three years.
Where is this duplex located?
The property is located at 3417 W Rapid Street Rapid City, SD.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex with two residential units; Fully rented at present; Zero vacancy for over 3 years
More about this property
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