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Renovated Quadplex with Off-Street Parking

1716 Riley Ave, Rapid City, SD 57701

For Sale
$499,999

Four two-bedroom residences include laundry appliances, kitchen appliances, and private outdoor areas.

Property SizeContact for details
Days on Market8

Property Features for 1716 Riley Ave

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1978
Listing Agency: Black Mountain Real Estate
Listed By: Jil Jennewein · License SD #8589
Source: Willdixonrealestate
Added: Nov 3 Changed: Nov 7 Last Checked: Nov 8 at 2:54AM

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 Black Mountain Real Estate

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Investment Insights

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This 1978 quadplex comprises four units, each with two bedrooms and one bathroom. All include a washer and dryer, stove, refrigerator, two points of entry, and a patio or deck. Three units have been renovated; the fourth remains unrenovated. Upper-level residences have central air conditioning, while basement units use ceiling fans. Recent property work includes new water heaters, sewer, parking lot, sidewalks, and fencing, along with a roof installed in 2019 and Trex steps.

The property occupies two lots and includes a second driveway serving off-street parking for a duplex. Schools, grocery stores, and restaurants are nearby, including the School of Mines.

Key Highlights

  • Four units, each with 2 bedrooms and 1 bathroom
  • Three units have been fully renovated; one remains unrenovated
  • Each residence has a washer and dryer, stove, refrigerator, and patio or deck

Property Analytics

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Location Intelligence

Trade Area within ½ mile

439
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
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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 two-bedroom residences include laundry appliances, kitchen appliances, and private outdoor areas.
Where is this quadplex located?
The property is located at 1716 Riley Ave Rapid City, SD.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Three units have been fully renovated; one remains unrenovated; Each residence has a washer and dryer, stove, refrigerator, and patio or deck
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