Income-Producing Duplex in Rapid City’s Premier School District! Located in the highly sought-after Southwest side of town, this side-by-side duplex offers an excellent investment opportunity. Each unit features 2 bedrooms and 2 bathrooms (1 full bath with shower/tub & 1-3/4 bath with shower), an open-concept kitchen and family room with vaulted ceilings, and large windows that allow plenty of natural light. Both units include a finished lower-level living area, a 1-car garage, and private entrances from both the garage and front door. Sitting on a 0.21-acre lot, each unit also has a private deck overlooking the spacious backyard, kept lush year-round by an underground sprinkler system. Currently, occupied on a month-to-month basis, tenants are responsible for their own electricity with separate meters. The owner covers water, sewer, and trash, averaging approximately $250 per month. The new owner will have the opportunity to negotiate leases with tenants.
Contingent
$415,000
3512 Park Dr, Rapid City, SD 57702
--beds
--baths
--sqft
Est.:
Duplex
Built in 2003
-- sqft lot
$408,400 Zestimate®
$--/sqft
$-- HOA
What's special
Spacious backyardUnderground sprinkler systemVaulted ceilingsPrivate deckOpen-concept kitchenLarge windows
- 36 days
- on Zillow |
- 58 |
- 1 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 23, 2025 at 12:16pm
Listed by:
RYAN MICHAEL HALL 605-718-4000,
PREMIER PROPERTIES, LLC
Source: Black Hills AOR,MLS#: 172843

Travel times
Facts & features
Interior
Heating
- Electric
Cooling
- Wall Unit(s)
Appliances
- Included: Dishwasher, Disposal, Range/Oven, Refrigerator
Features
- Hookups, LR/DR Combo
- Basement: Finished
Property
Parking
- Parking features: Garage, Paved
- Has garage: Yes
Features
- Exterior features: Balcony/Deck, Private Entrance
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 9,147.6 Square Feet
- Features: Interior Lot
Details
- Parcel number: 3716202049
- Zoning description: Conforming
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Hardboard
- Foundation: Basement
- Roof: Composition
Condition
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Parkridge Vlg 2
Location
- Region: Rapid City
Financial & listing details
- Tax assessed value: $427,900
- Annual tax amount: $6,095
- Date on market: 3/21/2025
- Listing terms: Cash
- Lease term: Month To Month
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