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722 Silver St

Rapid City, SD 57701
  • $219,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 181152
UPDATED: 69 min ago
$219,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1946
County:
Area:

School Ratings & Info

Description

This legal nonconforming up/down duplex with a walk-out basement has been recently updated with a new roof & hot water heater in 2025 & a new basement wall heater in 2024. Unit 1 upstairs features 2 bedrooms, 3 off-street parking spaces, and a fenced front & side yard. Unit 2 downstairs features 1 bedroom, lots of extra storage, 2 off-alley parking spaces, and a fenced back yard. There is no interior stairway connecting the two units, but the rent from unit 2 could offset a substantial portion of the mortgage for anyone wanting to live in unit 1. Unit 1 tenants are leaving by 9/30/26, but have paid $940/mo the past 2 years; unit 2 tenant (Section 8 subsidized) would like to stay with her 2 cats and currently pays $825/mo (including $60/mo in pet rent). Both units have laundry hookups, but tenants supply their own washer & dryer. Upstairs tenant owns the window AC units, but downstairs window AC unit conveys with purchase. Actual income & expenses for 2025 are listed, but current rents are below market rates to minimize vacancy. Seller is willing to consider concessions to the Buyer. Listing Agent is an officer of the LLC holding this property.

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© 2026 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: 2026-10-11T19:16:15.45.
www.willdixonrealestate.com/homes/181474962
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722 Silver St Rapid City, SD 57701

  • Price: $219,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 69 min ago
  • MLS #: 181152
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1946
Built
Neighborhood:
Other
County:
Pennington
Area:
Other
Property Description
This legal nonconforming up/down duplex with a walk-out basement has been recently updated with a new roof & hot water heater in 2025 & a new basement wall heater in 2024. Unit 1 upstairs features 2 bedrooms, 3 off-street parking spaces, and a fenced front & side yard. Unit 2 downstairs features 1 bedroom, lots of extra storage, 2 off-alley parking spaces, and a fenced back yard. There is no interior stairway connecting the two units, but the rent from unit 2 could offset a substantial portion of the mortgage for anyone wanting to live in unit 1. Unit 1 tenants are leaving by 9/30/26, but have paid $940/mo the past 2 years; unit 2 tenant (Section 8 subsidized) would like to stay with her 2 cats and currently pays $825/mo (including $60/mo in pet rent). Both units have laundry hookups, but tenants supply their own washer & dryer. Upstairs tenant owns the window AC units, but downstairs window AC unit conveys with purchase. Actual income & expenses for 2025 are listed, but current rents are below market rates to minimize vacancy. Seller is willing to consider concessions to the Buyer. Listing Agent is an officer of the LLC holding this property.
Exterior Features

Construction Concrete BlockFrameMetal/Vinyl Entrance More Than One/UnitPrivate Entrance Lot Size 37.5' x 140' Lot Type Interior Parking AssignedSee Remarks Roofing CompositionMetal View Neighborhood

Interior Features

Cooling None Foundation Full BasementConcrete BlockWalkout Heating Forced AirNatural GasWall Furnace

Property Features

Auction YN No Documents On File List of FurnishingsSurveyLeasesOther (See Remarks)Property Disclosure Features All UnitsSome UnitsWindow CoveringsKit/DR ComboPet RestrictionsRange HoodSmoke FreeIndividual HeatLaundry HookupsFenced Yard Multifamily Type Duplex Possession ImmediateSee RemarksSubject to Tenant Safety Features Smoke Detectors Sewer City (at site) Tenancy Type Month to MonthVacant Vacancy Rate 0 - 5% Water City (at site) Zoning Non-conforming

© 2026 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Mike Zachmeier of THE REAL ESTATE GROUP, INC.: 605-343-8800.


© 2026 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: 2026-10-11T19:16:15.45.
 
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Will Dixon Real Estate at Keller Williams Realty Black Hills
2401 West Main Street
Rapid City SD, 57702