Address
1616 1st Street, Rapid City, SD
Price
$ 287,400
Property Attributes
- MLS#88625
- TypeMulti-Family
- Listing Status Active
- CountyPENNINGTON
- CityRapid City
- AreaRapid City Southeast
- NeighborhoodSunnyside
- Zip57701
- StyleDuplex
- Year Built1948
- Price$ 287,400
- Bedrooms2
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2250
- Lot Size0.16 Acres
Data Source:
Mount Rushmore Area Association of REALTORS® (MRAORMLS)
Property Description
Excellent investment opportunity or ideal owner-occupant setup at 1616 1st St in Rapid City! This up/down duplex offers great income potential with a 3 bedroom, 1 bathroom upper unit and a fully remodeled 2 bedroom, 1 bathroom lower unit — perfect for investors or buyers looking to live in one unit while offsetting their mortgage with rental income from the other. The upper unit features a formal dining room along with newer flooring and a completely remodeled bathroom. Ceiling fans add additional comfort and efficiency throughout the home. The property has seen numerous major updates over the years including a gas furnace, hot water heater, updated water lines, upgraded electrical panel, newer roof, air conditioner, gutters, and new windows installed in 2023. The remodeled lower level has its own private entrance, separate electrical meter, and laundry hookups available both upstairs and downstairs for added convenience and flexibility. Basement bedrooms feature egress windows, adding safety and functionality. Outside, the large backyard offers excellent alley access with plenty of room to add a future garage or shop. A heavy-duty storage shed is already in place for extra storage needs. Whether you're looking to expand your rental portfolio or purchase a property with built-in income potential, this duplex is packed with opportunity!
| Price History | |
|---|---|
| 5/10/2026 | Listed $289,900 |
| 5/22/2026 | 1$287,400 |
General Features
| Heating | Natural Gas,Forced Air |
|---|---|
| Cooling | Refrig. C/Air |
| Roof | Composition |
| Construction | Frame |
| Status | Active |
| Year Built | 1948 |
| Parking | Other (See Remarks) |
| Subdivision | Sunnyside |
| Systems | Breaker |
| Style | Up & Down |
| Class | MULTI-FAMILY |
| Type | Duplex |
| Status | UC-CONTINGENCY-TAKE BKUPS |
| Sale/Rent | For Sale |
| Status Detail | 1 |
| Auction Y/N | No |
| Pets Allowed (Y/N) | Yes |
| Docs on File | Other (See Remarks) |
| Covenants | Yes |
| Short Sale | No |
| Area | Rapid City Southeast |
| Directions | From 5th St. go north on 1st St. Home will be on the right. |
| City | Rapid City |
| School District | Rapid City |
| Terms | Cash,New Loan |
| Agent First Name | Kevin |
| Agent Last Name | Kennedy |
| Listing Agent | 2267 |
| DISCLOSURES | Other |
Interior Features
| Basement | Full Basement |
|---|---|
| # of Units | 2 |
| Unit 1 Bedrooms | 3 |
| Unit 2 Bedrooms | 2 |
Exterior Features
| Exterior | Shed |
|---|---|
| Lot Size Area | 0.16 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 57701
Price
Year Built
Visits
Black Hills Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of Realtors. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Black Hills SD Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
