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225 E Watertown St, Rapid City, SD, 57701
Brick Apartment Complex

225 E Watertown St Rapid City, SD 57701

For Sale
$1,450,000

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

Days on Market482

Property Features for 225 E Watertown St

General Information

Standard status
Active
Property subtype
Multi Family

Building Details

Year Built
1963
Listing Agency: RE/MAX ADVANTAGE
Listed By: ED DREYER · License #SD#13486
Source: Exitrealty
Added: Mar 29, 2025 Changed: Jul 23 Last Checked: Jul 23 at 5:28AM

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 RE/MAX ADVANTAGE


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

Property Analytics

Location Intelligence

Current Use by Public Records

Oxford Square Apartments Apartment Building

Suggested Use

Dental Office (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store Barber Shop Hair Salon (Bike/Boat/Book/etc) Store Butcher Electrical Service Locksmith

Zoning and permitted uses should be independently verified with local authorities.

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
More about this property
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