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Rented Duplex Investment Property

3417 W Rapid Street Rapid City, SD 57702

3417 W Rapid Street, Rapid City, SD, 57702
$285,000
For Sale
$285,000

MULTI_FAMILY - Rapid City, SD

Days on Market93

Property Features for 3417 W Rapid Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
Standard status
Active

Utilities

Heating system
Natural Gas
Cooling system
Evaporative Cooling

Building Details

Year built
1952
Floors in Building
2
Number of units
2
Roof type
Composition
Architectural style
Other
Listing Agency Engel & Voelkers Black Hills Rapid City
519 Main Street, Rapid City, SD
Listed by Rich Hegre
Added: Apr 15 Checked: Jul 16 at 5:06 pm
MLS# 88236 Listing URL

Copyright © 2026 Mt. Rushmore Area Association of Realtors. 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.

This for-sale duplex investment property is fully rented. The current rent status is described as zero vacancy for over three years, providing continuity of occupancy.

The property is located at 3417 W Rapid Street in Rapid City, South Dakota, in Pennington County. The listing’s positioning notes a west-side investment focus within the Rapid City market.

For buyers seeking a residential income asset with an established tenant profile, this duplex offers a straightforward ownership structure. Because the unit is currently reported as occupied with no vacancies for an extended period, it may appeal to investors looking for income continuity rather than immediate re-leasing. Interested parties should review the lease terms and financial details directly with the listing broker, as those specifics are not provided in the remarks.

Key Highlights

  • Duplex property built in 1952
  • Natural gas heating
  • Evaporative cooling

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Bakery Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Barber Shop (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Duplex in Rapid City offered for sale, fully rented with zero vacancy reported for over three years.
Where is this duplex located?
The property is located at 3417 W Rapid Street 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 property built in 1952; Natural gas heating; Evaporative cooling
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More about this property
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