For sale

$825,000

201 E Nowlin St, Rapid City, SD 57701

--beds

--baths

--sqft

Est.:

Multiplex

Built in 1963

-- sqft lot

$790,200 Zestimate^®

$--/sqft

$-- HOA

What's special

Alley accessOff-street parkingGas water heaterWindow air conditionerUpgraded with lvt flooringWasher and dryer hookups

Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 6-unit complex (three duplexes) offers an excellent opportunity. Each unit features 2 bedrooms, 1 bathroom, a stove, refrigerator, window air conditioner, gas water heater, and forced air heating. Washer and dryer hookups are also included in every unit. Some units have been upgraded with LVT flooring in the living room and kitchen. Additional features include alley access and off-street parking. Tenants are responsible for their own gas and electric utilities. Each duplex sits on a separately plotted lot with its own legal description, providing the potential to sell them individually or as a complete package. Don’t miss out on this fantastic investment!

251 days

95

2

Tour with a local agent

Facts & features

Interior

Heating

Forced Air, Natural Gas

Cooling

Wall Unit(s)

Appliances

Included: Refrigerator, Range/Oven

Features

Hookups

Property

Parking

Parking features: On Street, See Remarks
Has uncovered spaces: Yes

Features

Levels: One
Entry location: More than 1 per Apt
Exterior features: Private Entrance
Has view: Yes
View description: City

Lot

Size: 0.34 Acres
Features: Level

Details

Parcel number: 2131106001
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

Tax assessed value: $176,000
Annual tax amount: $2,247
Date on market: 4/3/2025
Listing terms: Cash,New Loan
Lease term: 12 Months

Estimated market value

$790,200

$751,000 - $830,000

$1,198/mo

Price history

Date	Event	Price
4/3/2025	Listed for sale	$825,000-5.7%
Source: Black Hills AOR #173057 Report a problem
3/29/2025	Listing removed	$875,000
Source: Black Hills AOR #169290 Report a problem
6/24/2024	Listed for sale	$875,000
Source: Black Hills AOR #169290 Report a problem
3/31/2020	Listing removed	$715
Source: K&O Properties Report a problem
3/10/2020	Listed for rent	$715
Source: K&O Properties Report a problem