Building Details

Year built 1952

Listing Agency: Engel & Volkers Rapid City · Engel & Völkers r***@engelvoelkers.com Show Phone

Listed By: RICHARD HEGRE

Added: Jun 1 Changed: Aug 19 Last Checked: Aug 19 at 11:06PM

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MLS# 178471

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1952, this duplex contains two residential units and is currently fully rented. The property has maintained zero vacancy for over 3 years, providing a documented occupancy history for prospective owners.

The property is located at 3417 W RAPID in Rapid City, SD 57702, within Pennington County.

Key Highlights

• Duplex with both residential units fully rented
• Zero vacancy reported for over 3 years
• Built in 1952

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Bakery Garden Center Grocery & Convenience Store

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

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

406

Businesses Nearby

Explore this area Business Placement

Demographics for 57702, SD

33,162

Population

16,786

Households

2

Avg Household Size

46

Median Age

48%

College-Educated

98%

High-School Grad

285.8 sq mi

ZIP Area

116

Density / Sq Mi

$85,700

Median Household Income

$44,214

Median Earnings

$1,209

Median Rent

$341,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with current occupancy and an established operating history.

Where is this duplex located?

The property is located at 3417 W RAPID Rapid City, SD.

What is the asking price?

The asking price for this property is $285,000.

What are key features of this property?

This property features: Duplex with both residential units fully rented; Zero vacancy reported for over 3 years; Built in 1952