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Side-by-Side Duplex Opportunity
For Sale
$275,000
Pending

1918 Ivy Ave, Rapid City, SD 57701

Duplex suitable for home ownership, single family, or investment.

Property SizeContact for details
Days on Market524

Property Features for 1918 Ivy Ave

General Information

Standard status Pending
Property subtype Multi Family

Building Details

Year Built 1952
Listing Agency: BEST IN THE WEST REALTY
Listed By: LORI PAULSEN SAUSER
Source: Exitrealty
Added: Mar 17, 2025 Changed: Jul 6 Last Checked: Jul 23 at 5:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BEST IN THE WEST REALTY

Investment Insights

Based on property information with market context.

This side-by-side duplex presents opportunities for home ownership with rental income, conversion to a single-family home with modifications, or use as an investment property. The layout features a shared, enclosed front entryway. Each unit includes a main level with a living room, kitchen area, and bath. A staircase leads to the lower level, which contains two bedrooms and a shared utility room at the back. Access to the fenced backyard is available through each unit's separate, secured entry into the laundry/utility room. The design allows for ample natural light throughout the house. The property includes a front yard area and off-street parking in the front.

Key Highlights

  • Duplex with Rental Income Potential: Ideal for homeowners or investors.
  • Flexible Usage: Easily converted to a single‑family home or used as a mother‑in‑law suite.
  • Separate, Secured Entry: Each unit has a separate and secured entry into the laundry/utility room.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Pharmacy HVAC Service

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

Location Intelligence

Trade Area within ½ mile

273
Businesses Nearby

Demographics for 57701, SD

46,258
Population
20,526
Households
2.3
Avg Household Size
36
Median Age
28%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
886
Density / Sq Mi
$52,733
Median Household Income
$34,971
Median Earnings
$892
Median Rent
$229,900
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 - Duplex suitable for home ownership, single family, or investment.
Where is this duplex located?
The property is located at 1918 Ivy Ave Rapid City, SD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex with Rental Income Potential: Ideal for homeowners or investors.; Flexible Usage: Easily converted to a single‑family home or used as a mother‑in‑law suite.; Separate, Secured Entry: Each unit has a separate and secured entry into the laundry/utility room.
More about this property
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