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Three-Unit Property in Two Structures
For Sale
$289,900

1802 Cherry Avenue, Rapid City, SD 57701

Updated units and a separate smaller residence create varied layouts across the property.

Property SizeContact for details
Lot Size0.33 Acres
Days on Market346

Property Features for 1802 Cherry Avenue

General Information

Standard status Active
Lot size 0.33 Acres
Property subtype Triplex

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Building Details

Year Built 1925
Buildings 2
Listing Agency: Blair Allen Luxury Real Estate LLC
Listed By: Beth Staeckeler
Source: Teigenmarchant.kw
Added: Sep 19, 2025 Changed: Aug 28 Last Checked: Aug 28 at 7:22AM

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 Blair Allen Luxury Real Estate LLC

Investment Insights

Based on property information with market context.

This triplex includes three residential units arranged within two separate structures on one lot. The primary structure contains two units, each configured with 2 bedrooms and 1 bathroom, while the standalone residence provides a 1-bedroom, 1-bathroom layout. Updates have been made to two of the units, adding refreshed elements to the existing configurations.

The property occupies a 0.33-acre lot at 1802 Cherry Avenue in Rapid City, South Dakota. Built in 1925, it combines multiple residential layouts with a separate structure that offers additional privacy for its occupant. The property also has an established rental history, supporting its continued use as a three-unit residential asset.

Key Highlights

  • Three residential units across two separate structures
  • Two units feature 2 bedrooms and 1 bathroom each
  • Standalone unit offers 1 bedroom and 1 bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store Barber Shop

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

Lease Details

3
Residential units

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Updated units and a separate smaller residence create varied layouts across the property.
Where is this triplex located?
The property is located at 1802 Cherry Avenue 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: Three residential units across two separate structures; Two units feature 2 bedrooms and 1 bathroom each; Standalone unit offers 1 bedroom and 1 bathroom
More about this property
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