1615 38TH $399,900


    1615 38TH Rapid City, SD 57702

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 165966
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    Views: 294 Days On Site: 50

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    Property Details

    Investor's Dream Triplex in Rapid City! Welcome to your next real estate investment opportunity! This fantastic 2,944 sqft triplex in the heart ofRapid City boasts an upstairs unit with three bedrooms, one bathroom, and a one-car garage currently leased at $1,000 per month, which canbe increased to around $1,700/month as soon as the lease term is up, making it an ideal steady income source. Two one-bedroom, one-bathroom units on the lower level rent for $900 each, providing additional rental income. Recent upgrades including a new roof, fresh paint, newflooring, and sheetrock keep maintenance costs low. With a convenient location, community laundry, the option for owner-occupancy upstairs,and a private yard, this property offers a versatile investment, ensuring long-term potential and the chance to enjoy comfortable living with rentalincome at your fingertips. Don't miss this fantastic investment opportunity in Rapid City! .

    • General Features
      • Compensation to Buyers Agent 3%
      • Zoning Unknown
      • Year Built 1958
      • Area Southwest
      • Auction Y/N No
      • County Pennington
      • Subdivision LEISURE ACRES
      • View Trees
      • Sale/Rent For Sale
    • Building Features
      • Air Conditioning Electric,Window
      • Construction Brick/Veneer,Frame
      • Foundation Basement, Walkout
      • Heating Electric, Baseboard
      • ROOF Composition
      • Unit 1 SqFt 1472
      • Unit 2 SqFt 736
      • Unit 3 SqFt 736
    • Property Features
      • Lot Size .2
      • INCLUDES All Units
      • Lot Type Rolling, Interior
      • WATER City
      • PARKING Garage
      • SEWER City








    57702 (Rapid City) Demographics

    46 Median Age
    119 Population Density (per sq. mile)
    55% College Educated
    $71,059 Estimated Median Income
    11,253 Estimated Total Home Owners
    3,719 Estimated Total Renters
    75% / 25% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    34,973 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    42 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $399,900
        10/10/2023 8:53:00 AM New in Database Source: Multiple Listing Service New Value: $399,900

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        Disclaimer: The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.