Building Details

Year Built 1959

Listing Agency: Oak & Key Realty, LLC

Listed By: Brittni Bjorum, Realtor & Megan Hildebra Show Phone

Source: Realestateblackhillssd

Added: Oct 1 Changed: Oct 4 Last Checked: Oct 4 at 9:28AM

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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 Oak & Key Realty, LLC

Investment Insights

Based on property information with market context.

This 1959 duplex at 930 St Francis in Rapid City contains four bedrooms and 4.5 bathrooms, with three bedrooms offering en suite baths. Two separate living areas each have a full kitchen, and the home also includes two wood-burning fireplaces and an attached two-car garage. Laundry is provided on the main floor and in the basement. The kitchen features an island, stainless steel appliances and an indoor grill.

The property occupies a .30-acre corner lot in the West Boulevard area. Outdoor features include a concrete patio, mature trees, fruit trees, raised garden beds, privacy fencing, landscape lighting and a sprinkler system. An outdoor mini kitchen adds to the patio amenities.

Key Highlights

• Two distinct living areas, each equipped with a full kitchen
• Four bedrooms and 4.5 bathrooms; three bedrooms have en suite baths
• Attached two‑car garage and two wood‑burning fireplaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,484

Cap Rate

4.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$609,680 $609.7K

Cap Rate 7%

$435,486 $435.5K

Cap Rate 9%

$338,711 $338.7K

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$45.6K $11.40/SF

− Vacancy

−$2.1K −$0.51/SF

EGI

$43.5K $10.89/SF

− OpEx

−$13.1K −$3.27/SF

NOI

$30.5K $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%

$609,680

Cap Rate 7%

$435,486

Cap Rate 9%

$338,711

Alternative Uses

Best Use

Multifamily LT 5

$435.5K

$381.1K – $508.1K (±1% cap)

NOI $30,484 @ 7.0% cap · market cap 4.13%

Second Best

Apartment 5plus

$405.5K

$354.8K – $473.1K (±1% cap)

NOI $28,385 @ 7.0% cap · market cap 3.85%

Theoretical Best

Specialty Retail

$725.1K

$634.5K – $846.0K (±1% cap)

NOI $50,760 @ 7.0% cap · market cap 6.88%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Law Firm Locksmith Real Estate Agency Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

230

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Each of the two living areas has a full kitchen, supporting distinct household spaces under one roof.

Where is this duplex located?

The property is located at 930 St Francis Rapid City, SD.

What is the asking price?

The asking price for this property is $737,700.

What are key features of this property?

This property features: Two distinct living areas, each equipped with a full kitchen; Four bedrooms and 4.5 bathrooms; three bedrooms have en suite baths; Attached two‑car garage and two wood‑burning fireplaces