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    401 College Ave Rapid City, SD 57701

    For Sale
    $289,900

    Duplex, Up & Down - Rapid City, SD

    Type:Duplex
    Property size:
    2,512 SF
    Days on Market:
    11
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 401 College Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Parking features
    Paved or Surfaced
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    2,512 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1979
    Number of units
    2
    Building materials
    Wood Siding
    Roof type
    Composition
    Architectural style
    Other

    Keller Williams Realty Black Hills (605) 343-7500 [email protected]

    Listing agent Jeremy Kahler (605) 343-7500

    Listing date Nov 25, 2025

    MLS# 86768 Listing URL

    Copyright © 2025 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.

    Overview

    Rapid City Duplex with Updates

    This up and down duplex, situated in a north Rapid City location, presents an investment opportunity. Both units are fully finished and feature separate meters, secured entrances, parking, and fenced yards. Each unit offers 1,256 square feet of living space. The upper or main level unit includes fresh interior paint and vinyl flooring throughout, three bedrooms, one bathroom, a separate laundry room, a large living room with a bay window providing natural light, a large kitchen with white appliances, and a dining room with a slider door leading to a freshly painted back deck. The walkout or ground level unit also features fresh interior paint and vinyl flooring, three bedrooms with large windows, one bathroom, a separate laundry room, a cozy living room, a U-shaped kitchen with white appliances, and a dining room. Separate secured entrances serve each unit. Parking includes a detached two-car garage for one unit, plus a large driveway for the other, providing ample off-street parking. Each unit has separately fenced yards suitable for outdoor entertaining. The property is centrally located near Monument Arena, local schools, and offers easy access to downtown Rapid City.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.220801
    Latitude
    44.09467

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    FAQs

    What type of property is this?
    Duplex - Updated duplex in north Rapid City with separate entrances and yards.
    Where is this duplex located?
    The property is located at 401 College Ave Rapid City, SD.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - Up/down duplex ideal for investment portfolio.; - Two fully finished units, each 1,256 sqft, with **3 bedrooms and 1 bathroom**.; - Each unit has separate meters, secured entrances, laundry rooms, and fenced yards.
    (605) 343-7500
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 College Ave Rapid City, SD 57701
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