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For sale
  • $1,625,000

    123 E Nowlin St, Rapid City, SD 57701

    --beds
    --baths
    --sqft
    : 
    Multiplex
    Built in 1963
    -- sqft lot
    $1,521,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Alley accessOff-street parkingGas water heaterLvt flooringWindow air conditioner
    Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 12-unit complex (six duplexes) offers a fantastic opportunity for investors. Each 2-bedroom, 1-bathroom unit includes a stove, refrigerator, window air conditioner, gas water heater, and forced air heating, along with washer/dryer hookups for added convenience. Some units have been upgraded with LVT flooring in the living room and kitchen. Additional features include alley access and off-street parking. Tenants pay their own gas and electric utilities. Each duplex sits on a separately plotted lot with its own legal description, providing the flexibility to sell them individually or as a complete package. Don’t miss out on this incredible investment opportunity!
    24 days
    on Zillow
    |
    135
    |
    2
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 01, 2025 at 07:12pm

    Listed by:

    NICOLE PETRIK 605-939-6299,

    ENGEL & VOELKERS BLACK HILLS, LLC

    Source: Black Hills AOR,MLS#: 173023MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 123 E Nowlin St.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Heating
    • Forced Air, Natural Gas
    Cooling
    • Electric, Window Unit(s)
    Appliances
    • Included: Range/Oven, Refrigerator
    Features
    • Hookups
    • Windows: Window Coverings

    Property

    Parking
    • Parking features: See Remarks
    Features
    • Levels: One
    • Entry location: Community Entrance
    • Has view: Yes
    • View description: City
    Lot
    • Size: 0.89 Acres
    • Features: Level
    Details
    • Zoning description: Conforming

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multiplex
    Materials
    • Wood Siding
    • Foundation: Slab
    • Roof: Other
    Condition
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Separate Meters

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Nowlin & Wood
    Location
    • Region: Rapid City

    Financial & listing details

    • Date on market: 4/2/2025
    • Listing terms: Cash,New Loan
    • Lease term: 12 Months
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