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Two-Residence Duplex Property
For Sale
$150,000

421 Spruce St, Rapid City, SD 57701

Separate residences occupy one lot and require repair and renovation work.

Property SizeContact for details
Days on Market35

Property Features for 421 Spruce St

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units 2

Building Details

Buildings 2
Listing Agency: ENGEL & VOELKERS BLACK HILLS, LLC
Listed By: CHARLEA SVENSON
Source: Exprealty
Added: Jul 8 Changed: Aug 11 Last Checked: Aug 11 at 5:52AM

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 ENGEL & VOELKERS BLACK HILLS, LLC

Investment Insights

Based on property information with market context.

This duplex property includes two separate residences at 421 Spruce St and 415 Spruce St in Rapid City. The larger home contains 4 bedrooms and 2 baths, while the second residence offers 2 bedrooms and 1 bath.

Both homes require repairs and renovations, and the property is being sold as-is. The configuration provides two distinct residential spaces within a single property, with the work scope suited to an investor, contractor, or buyer planning a renovation project.

Key Highlights

  • Two separate residences located at 421 Spruce St and 415 Spruce St
  • Larger home includes 4 bedrooms and 2 baths
  • Second residence provides 2 bedrooms and 1 bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Nail Salon Hair Salon (Bike/Boat/Book/etc) Store Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

535
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?
Duplex - Separate residences occupy one lot and require repair and renovation work.
Where is this duplex located?
The property is located at 421 Spruce St Rapid City, SD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two separate residences located at 421 Spruce St and 415 Spruce St; Larger home includes 4 bedrooms and 2 baths; Second residence provides 2 bedrooms and 1 bath
More about this property
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