225 E Watertown St Rapid City, SD 57701

Building Details

Year Built

1963

Listing agency RE/MAX ADVANTAGE e***@gmail.com Show Phone

Listed by ED DREYER · License #SD#13486 Show Phone

Source Exitrealty

Added: Mar 29, 2025 Updated: Jul 23 at 5:28AM Checked: Jul 23 at 5:28AM

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Investment Insights

Based on property information with market context.

This solid 17-unit apartment complex features all-brick construction designed for straightforward maintenance. The property includes on-site laundry and on-site parking, along with a decorative security fence. Recent updates include a new centralized boiler installed in 2021, a centralized water heater added in 2022, and some new windows.

Located in the heart of Rapid City, the building offers easy access to the city center, shopping, and public transportation.

The property is described as having low vacancy and is presented as ready for new ownership.

Key Highlights

• 17‑unit, all‑brick apartment complex
• Recent updates include a new centralized boiler (2021), centralized water heater (2022), and some new windows
• On‑site laundry and on‑site parking

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FAQs

What type of property is this?

Apartment building - Seventeen-unit, all-brick apartment building with on-site parking and laundry, plus recent boiler, water heater, and window updates.

Where is this apartment building located?

The property is located at 225 E Watertown St Rapid City, SD.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: 17‑unit, all‑brick apartment complex; Recent updates include a new centralized boiler (2021), centralized water heater (2022), and some new windows; On‑site laundry and on‑site parking