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405 E Watertown

Rapid City, SD 57701
  • $245,000
  • STATUS: Active
  • ON SITE: 33 Days
  • MLS #: 173791
$245,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1946
County:
Area:

School Ratings & Info

Description

This solid investment property features three distinct units, all currently occupied by long-term tenants responsible for their own gas and electric. The main floor unit offers a functional layout with a living room, kitchen, full bathroom, and two bedrooms, while the upstairs studio apartment boasts newer carpet, fresh paint, an updated kitchen, and recently redone steps and patio access. The basement unit includes a living room, full kitchen, bedroom, and bathroom, with shared laundry facilities that present an opportunity for additional revenue through coin-operated machines. Recent upgrades include a new sump pump, floor drain, and sewer lift station to prevent potential backups, ensuring low-maintenance ownership. With additional off-street parking available behind the property and all units generating steady rental income, this triplex is a turnkey investment at an attractive price point.

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© 2025 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Will Dixon Real Estate at Keller Williams Realty Black Hills. Data last updated: 2025-06-18T00:16:18.653.
www.willdixonrealestate.com/homes/163874143
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405 E Watertown Rapid City, SD 57701

  • Price: $245,000
  • Status: Active
  • On Site: 33 Days
  • MLS #: 173791
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1946
Built
Neighborhood:
Schnasse
County:
Pennington
Area:
North
Property Description
This solid investment property features three distinct units, all currently occupied by long-term tenants responsible for their own gas and electric. The main floor unit offers a functional layout with a living room, kitchen, full bathroom, and two bedrooms, while the upstairs studio apartment boasts newer carpet, fresh paint, an updated kitchen, and recently redone steps and patio access. The basement unit includes a living room, full kitchen, bedroom, and bathroom, with shared laundry facilities that present an opportunity for additional revenue through coin-operated machines. Recent upgrades include a new sump pump, floor drain, and sewer lift station to prevent potential backups, ensuring low-maintenance ownership. With additional off-street parking available behind the property and all units generating steady rental income, this triplex is a turnkey investment at an attractive price point.
Exterior Features

Construction Asbestos Entrance Private Entrance Lot Size .18 Lot Type Flat Parking See Remarks Roofing Composition Style Up & Down View City

Interior Features

Cooling Window Foundation BasementPoured Concrete Heating Forced AirGasSpace Heater

Property Features

Auction YN No Documents On File Other Features All Units Includes All UnitsRange/OvenRefrigerator Miscellaneous Central Water HeaterSeparate Meters Multifamily Type Triplex Possession Immediate Safety Features None Sewer City Tenancy Type Negotiable Vacancy Rate 0 - 5% Water City Will Sell CashNew Loan Zoning Conforming

© 2025 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Seth Malott of CENTURY 21 CLEARVIEW REALTY: 605-721-1257.


© 2025 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Will Dixon Real Estate at Keller Williams Realty Black Hills. Data last updated: 2025-06-18T00:16:18.653.
 
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Will Dixon Real Estate at Keller Williams Realty Black Hills
2401 West Main Street
Rapid City SD, 57702