Welcome to this cash-flowing duplex investment property, perfectly set up with an up-and-down layout and a fantastic 7.2% cap rate. Each unit has been thoughtfully updated, making this a prime income-generating opportunity. The basement unit features 2 bedrooms and 1 bathroom with various updates along with new flooring and new paint throughout. The upper unit offers 3 bedrooms and 1 bathroom, blending new flooring with well-preserved original hardwood. The living space has been freshly painted and extends into a covered patio. Recent upgrades include anew roof (2022), new radon mitigation system, newly paved driveways, fresh landscaping, and a fully fenced yard. Each unit has its own washer and dryer for added convenience, and tenants will love the abundant outdoor space and privacy. This is a turn-key investment with strong cashflow, stable income, and upgrades that enhance long-term value. Don’t miss out on adding this solid duplex to your portfolio or starting your investment journey (P.S. this could be a great candidate for house hacking)! Listed by Madison Reeves -Keller Williams Realty Black Hills, Spearfish (605) 569-9019
For sale
$283,000
1127 Holcomb Ave, Rapid City, SD 57701
5beds
--baths
1,848sqft
Est.:
Duplex
Built in 1959
-- sqft lot
$273,900 Zestimate®
$153/sqft
$-- HOA
What's special
Fully fenced yardFresh landscapingNew roofNewly paved drivewaysNew paintCovered patioNew flooring
- 25 days
- on Zillow |
- 469 |
- 31 |
Zillow last checked: 7 hours ago
Listing updated: April 01, 2025 at 07:51am
Listed by:
Madison Reeves,
Keller Williams Realty Black Hills SP
Source: Mount Rushmore Area AOR,MLS#: 83692

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Heating
- Natural Gas, Electric, Forced Air, Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Refrigerator, Washer, Double Oven
Features
- Basement: Full,Walk-Out Access
Interior area
- Total interior livable area: 1,848 sqft
Property
Parking
- Parking features: Assigned, Other (See Remarks), Paved
Features
- Entry location: More than 1/Apartment,Private Entrance
Lot
- Size: 6,969.6 Square Feet
Details
- Additional structures: Shed(s)
- Parcel number: 2036227013
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Frame, Other
- Foundation: Poured Concrete Found.
- Roof: Composition
Condition
- Year built: 1959
Utilities & green energy
- Electric: Breaker
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Rapid City
Financial & listing details
- Price per square foot: $153/sqft
- Tax assessed value: $198,100
- Annual tax amount: $2,073
- Date on market: 4/1/2025
- Listing terms: Cash,New Loan
- Lease term: 12 Months
- Tenant pays: Gas/Electric
- Road surface type: Paved
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