Rented Duplex Investment
For Sale
$285,000
3417 W Rapid Street, Rapid City, SD 57702
MULTI_FAMILY - Rapid City, SD
Property SizeContact for details
Days on Market139
Property Features for 3417 W Rapid Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
Subdivision
Owen Mann
Elementary school district
Rapid City
Middle school district
Rapid City
High school district
Rapid City
Directions
W Main right on 32nd left on W Rapid. Home is on the left at the end.
Standard status
Active
Utilities
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Year built
1952
Floors in Building
2
Number of units
2
Roof type
Composition
Architectural style
Other
Listing Agency:
Engel & Voelkers Black Hills Rapid City
(605) 716-4847
Listed By:
Rich Hegre
(605) 716-4847
Added: Apr 15
Changed: Jul 11
Last Checked: Aug 31 at 9:06AM
MLS# 88236
Copyright © 2026 Mt. Rushmore Area Association of Realtors. 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.
This for-sale duplex investment property is fully rented. The current rent status is described as zero vacancy for over three years, providing continuity of occupancy.
The property is located at 3417 W Rapid Street in Rapid City, South Dakota, in Pennington County. The listing’s positioning notes a west-side investment focus within the Rapid City market.
For buyers seeking a residential income asset with an established tenant profile, this duplex offers a straightforward ownership structure. Because the unit is currently reported as occupied with no vacancies for an extended period, it may appeal to investors looking for income continuity rather than immediate re-leasing. Interested parties should review the lease terms and financial details directly with the listing broker, as those specifics are not provided in the remarks.
The property is located at 3417 W Rapid Street in Rapid City, South Dakota, in Pennington County. The listing’s positioning notes a west-side investment focus within the Rapid City market.
For buyers seeking a residential income asset with an established tenant profile, this duplex offers a straightforward ownership structure. Because the unit is currently reported as occupied with no vacancies for an extended period, it may appeal to investors looking for income continuity rather than immediate re-leasing. Interested parties should review the lease terms and financial details directly with the listing broker, as those specifics are not provided in the remarks.
Key Highlights
- Duplex property built in 1952
- Natural gas heating
- Evaporative cooling
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Rapid City offered for sale, fully rented with zero vacancy reported for over 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 property built in 1952; Natural gas heating; Evaporative cooling
