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Fourplex with Private Entrances
New
For Sale
$699,000

1311 Carolyn Ct, Rapid City, SD 57701

Four rental residences offer individual decks or balconies, paved parking, and laundry hookups.

Property SizeContact for details
Days on Market1

Property Features for 1311 Carolyn Ct

General Information

Standard status Active
Property subtype Multi-Family

Financials

Asking Price $699,000
Gross Income $56,400

Additional Details

Utilities to Site Yes
Multifamily Units 4

Amenities

private entrances
individual decks or balconies
kitchen/dining combinations
refrigerators
ranges
dishwashers
window coverings
laundry hookups
electric heating
wall air conditioning
paved parking

Building Details

Year Built 2005
Buildings 1
Listing Agency: Landmark Realty & Development
Listed By: Brittni Bjorum, Realtor & Megan Hildebra
Source: Realestateblackhillssd
Added: Oct 19 Last Checked: Oct 19 at 2:07PM

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 Landmark Realty & Development

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Investment Insights

Based on property information with market context.

Built in 2005, this four-unit property has an upper-and-lower layout with a separate entrance for each residence. Interiors include kitchen and dining combinations, refrigerators, ranges, dishwashers, window coverings, and laundry hookups. Individual decks or balconies and paved parking serve the property. Heating is electric, with wall air conditioning; city water and sewer are provided.

The property is on Carolyn Court in Rapid City, near downtown, shopping, dining, and other amenities. It is tenant-occupied, and showings are by appointment with appropriate notice. Leases are in place.

Key Highlights

  • Four rental units in an upper‑and‑lower configuration
  • Built in 2005
  • Private entrances and individual decks or balconies

Property Analytics

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Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,699
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four rental residences offer individual decks or balconies, paved parking, and laundry hookups.
Where is this quadplex located?
The property is located at 1311 Carolyn Ct Rapid City, SD.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four rental units in an upper‑and‑lower configuration; Built in 2005; Private entrances and individual decks or balconies
More about this property
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