626 N 1ST, Rapid City, SD 57701
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626 N 1ST, Rapid City, SD 57701
626 N 1ST, Rapid City, SD 57701
626 N 1ST, Rapid City, SD 57701
626 N 1ST, Rapid City, SD 57701
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KadieBeth Lang

KadieBeth Lang

+1(605) 391-3622
$ 914,900
Est. payment /mo
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Pending

626 N 1ST Rapid City, SD 57701

2 Beds

UPDATED:

Key Details

Property Type Multi-Family, Residential Income

Sub Type Multiplex

Listing Status Pending

Purchase Type For Sale

Subdivision Blakes Add

MLS Listing ID 178594

Bedrooms 2

HOA Y/N No

Year Built 2003

Lot Dimensions .17

Property Sub-Type Multiplex

Property Description

Excellent investment! Opportunity zone for long-term investors in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units — a highly desirable and consistent rental layout. The property is fully sprinkled and includes an exterior sprinkler system for added safety and functionality. The roof and siding have been replaced recently. Extensive exterior renovations have been completed, enhancing both curb appeal and long-term durability. All units have been renovated, with two units updated within the last year. The building maintains a strong occupancy history, with vacancy rates historically ranging between 0–5%, demonstrating solid rental demand and stability. Two shared coin-operated laundry units are located in the common area, providing additional income potential. This turnkey asset offers consistent unit mix, modernized interiors, and proven performance — making it a strong addition to any investor's portfolio. Listed by Josiah LaFrance- L'Avance Real Estate and Capital 605-786-3098

Location

State SD

County Pennington

Area North

Zoning Unknown

Direction From 7th Street turn left onto 5th, turn right onto North, turn left onto East Blvd, Turn left onto Madison, turn left onto N 1st.Destination is on the left.

Interior

Interior Features Common Utility Room

Heating Electric

Cooling Window Unit(s)

Exterior

Parking Features Paved

Utilities Available Separate Meters

View Y/N No

View City

Roof Type Composition

Accessibility Handicap Access

Garage No

Building

Foundation Slab

Listed byL'AVANCE CAPITAL AND REAL ESTATE

NEARBY SCHOOLS & PROPERTIES

KadieBeth Lang

KadieBeth Lang

Broker License ID: 17475

+1(605) 391-3622

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626 N 1ST