Duplex with Separate Living
New
For Sale
$737,700
930 St Francis, Rapid City, SD 57701
Each of the two living areas has a full kitchen, supporting distinct household spaces under one roof.
Property Size4,000 SF
Price / SF$184.43
Days on Market5
Property Features for 930 St Francis
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multi-Family
Building Details
Year Built
1959
Listing Agency:
Oak & Key Realty, LLC
Listed By:
Brittni Bjorum, Realtor & Megan Hildebra
(605) 670-8030
Source:
Realestateblackhillssd
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 9:28AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,484
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $30,484 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,385 @ 7.0% cap · market cap 3.85%
Theoretical Best
Specialty Retail
$725.1K
$634.5K – $846.0K
NOI $50,760 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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
