Renovated 8-Unit Apartment
For Sale
$914,900
626 N 1st, Rapid City, SD 57701
All residences feature a consistent two-bedroom, one-bathroom layout with shared coin-operated laundry in the common area.
Property SizeContact for details
Days on Market43
Property Features for 626 N 1st
General Information
Standard status
Active
Property subtype
Multi-Family
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Opportunity Zone
Yes
Sprinkler System
Yes
Amenities
coin-operated laundry
Building Details
Year Built
2003
Buildings
1
Listing Agency:
(605) 545-2609
Listed By:
Team Malott
(605) 545-2609
Source:
Rapidcitysearch
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 4:34PM
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 Team Malott
Investment Insights
Based on property information with market context.
Built in 2003, this 8-unit apartment building offers a uniform configuration of two-bedroom, one-bathroom residences. Every unit has been renovated, including two updated within the last year. Shared coin-operated laundry facilities are located in the common area, providing an on-site resident amenity and an additional income source.
The property has received substantial exterior work, including replacement of the roof and siding. It also features a full sprinkler system along with exterior sprinklers. Historical vacancy has ranged from 0'5%, supporting a documented occupancy history for the building.
The property has received substantial exterior work, including replacement of the roof and siding. It also features a full sprinkler system along with exterior sprinklers. Historical vacancy has ranged from 0'5%, supporting a documented occupancy history for the building.
Key Highlights
- 8‑unit apartment building with all units configured as 2‑bedroom, 1‑bathroom residences
- Every unit renovated; two units updated within the last year
- Roof and siding replaced recently
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
615
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - All residences feature a consistent two-bedroom, one-bathroom layout with shared coin-operated laundry in the common area.
Where is this apartment building located?
The property is located at 626 N 1st Rapid City, SD.
What is the asking price?
The asking price for this property is $914,900.
What are key features of this property?
This property features: 8‑unit apartment building with all units configured as 2‑bedroom, 1‑bathroom residences; Every unit renovated; two units updated within the last year; Roof and siding replaced recently
