Downtown Two-Unit
For Sale
$600,000
711 5th St, Rapid City, SD 57702
Commercially zoned property with residential occupancy, basement access, and a detached single-car garage.
Property SizeContact for details
Days on Market49
Property Features for 711 5th St
General Information
Standard status
Active
Property subtype
Multi-Family
Additional Details
Asking Price
$600,000
Building Details
Year Built
1934
Buildings
2
Listing Agency:
Berkshire Hathaway Homeservices Midwest Realty
Listed By:
Team Malott
(605) 545-2609
Source:
Rapidcitysearch
Added: Sep 1
Changed: Oct 19
Last Checked: Oct 19 at 6:58AM
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 Berkshire Hathaway Homeservices Midwest Realty
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Investment Insights
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Built in 1934, this non-conforming duplex contains an upper apartment with one bedroom and one bathroom, along with a main-level unit offering two bedrooms, one bathroom, and access to the basement. A single-car garage is also included.
The property is situated in downtown Rapid City behind the historic Pillen Optical Building at 501 Kansas City Street. Its commercial zoning supports continued residential use or consideration of a commercial conversion, subject to applicable city requirements and approvals. The duplex must be sold with, or simultaneously with, the neighboring Pillen Optical Building.
The property is situated in downtown Rapid City behind the historic Pillen Optical Building at 501 Kansas City Street. Its commercial zoning supports continued residential use or consideration of a commercial conversion, subject to applicable city requirements and approvals. The duplex must be sold with, or simultaneously with, the neighboring Pillen Optical Building.
Key Highlights
- Non‑conforming duplex with two residential units
- Upper unit has 1 bedroom and 1 bathroom
- Main‑level unit includes 2 bedrooms, 1 bathroom, and basement access
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,188
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Commercially zoned property with residential occupancy, basement access, and a detached single-car garage.
Where is this duplex located?
The property is located at 711 5th St Rapid City, SD.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Non‑conforming duplex with two residential units; Upper unit has 1 bedroom and 1 bathroom; Main‑level unit includes 2 bedrooms, 1 bathroom, and basement access
