Updated Duplex with Rented Lower
For Sale
$325,000
625 Saint Cloud St, Rapid City, SD 57701
Upper-level improvements include a new kitchen, carpeting, paint, trim, and flooring, while the lower unit is occupied.
Property Size1,747 SF
Price / SF$186.03
Days on Market710
Property Features for 625 Saint Cloud St
General Information
Standard status
Active
Size
1,747 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1939
Buildings
1
Listing Agency:
South Dakota Properties
Listed By:
Daneen Jacquot-Kulmala
(605) 484-7832
Source:
Exitrealty
Added: Nov 5, 2024
Changed: Oct 4
Last Checked: Oct 4 at 9:05AM
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 South Dakota Properties
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Investment Insights
Based on property information with market context.
This duplex at 625 Saint Cloud St in Rapid City includes 1,747 square feet and was built in 1939. The upper unit has received a new kitchen with updated cabinets, counters, and sinks, along with new flooring, carpeting, paint, and trim. Landscaping work and a small retaining wall are also being addressed.
The lower level is currently rented. Tenants pay their own electric and gas, while water, sewer, and garbage costs are divided between the two units. Additional work identified for the property includes completing the basement floor in the kitchen, laundry, and bathroom areas, along with trim work around the replacement tub.
The lower level is currently rented. Tenants pay their own electric and gas, while water, sewer, and garbage costs are divided between the two units. Additional work identified for the property includes completing the basement floor in the kitchen, laundry, and bathroom areas, along with trim work around the replacement tub.
Key Highlights
- Duplex at 625 Saint Cloud St in Rapid City
- 1,747 square feet on an east‑side residential property
- Built in 1939
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,314
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,280
$266.3K
Cap Rate 7%
$190,200
$190.2K
Cap Rate 9%
$147,933
$147.9K
Market Conditions
NOI Build-Up for 1,747 SF
Gross rent
$19.9K $11.40/SF
− Vacancy
−$896 −$0.51/SF
EGI
$19.0K $10.89/SF
− OpEx
−$5.7K −$3.27/SF
NOI
$13.3K $7.62/SF
Area
Pennington County, SD
Vacancy
4.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,280
Cap Rate 7%
$190,200
Cap Rate 9%
$147,933
Alternative Uses
Best Use
Multifamily LT 5
$190.2K
$166.4K – $221.9K
NOI $13,314 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$177.1K
$155.0K – $206.6K
NOI $12,397 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$316.7K
$277.1K – $369.5K
NOI $22,169 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Upper-level improvements include a new kitchen, carpeting, paint, trim, and flooring, while the lower unit is occupied.
Where is this duplex located?
The property is located at 625 Saint Cloud St Rapid City, SD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex at 625 Saint Cloud St in Rapid City; 1,747 square feet on an east‑side residential property; Built in 1939
