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For sale
  • $283,000

    1127 Holcomb Ave, Rapid City, SD 57701

    5beds
    --baths
    1,848sqft
    : 
    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
    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
    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#: 83692MLS Logo
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    Next available tour time:Tomorrow at 9am

    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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