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!
For sale
$825,000
201 E Nowlin St, Rapid City, SD 57701
--beds
--baths
--sqft
Est.:
Multiplex
Built in 1963
-- sqft lot
$788,100 Zestimate®
$--/sqft
$-- HOA
What's special
Alley accessOff-street parkingGas water heaterWindow air conditionerUpgraded with lvt flooringWasher and dryer hookups
- 23 days
- on Zillow |
- 184 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: April 03, 2025 at 07:44am
Listed by:
NICOLE PETRIK 605-939-6299,
ENGEL & VOELKERS BLACK HILLS, LLC
Source: Black Hills AOR,MLS#: 173057

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Cooling
- Wall Unit(s)
Appliances
- Included: Range/Oven, Refrigerator
Features
- Hookups
Property
Parking
- Parking features: See Remarks, On Street
- 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: $165,200
- Annual tax amount: $2,388
- Date on market: 4/3/2025
- Listing terms: Cash,New Loan
- Lease term: 12 Months
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