1948 HILLSVIEW DR, Rapid City, SD 57702
1948 HILLSVIEW DR, Rapid City, SD 57702
1948 HILLSVIEW DR, Rapid City, SD 57702
1948 HILLSVIEW DR, Rapid City, SD 57702
1948 HILLSVIEW DR, Rapid City, SD 57702
1948 HILLSVIEW DR, Rapid City, SD 57702
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ariel Rudland

Ariel Rudland

+1(605) 786-4816
$ 531,977
Est. payment | /mo

6 Beds

2,645 SqFt

Save
$ 531,977
Est. payment | /mo
Save

6 Beds

2,645 SqFt

Key Details

Property Type Multi-Family, Residential Income

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,645 sqft

Price per Sqft $201

Subdivision Sherman

MLS Listing ID 179920

Bedrooms 6

HOA Y/N No

Year Built 1949

Lot Dimensions 0.9

Property Sub-Type Multiplex

Property Description

This 5-plex is being offered at $106,395 per unit—this well-maintained 5-unit multi-family property currently generates $49,380 in annual rental income and offers immediate income with long-term potential. With a proven 16-year track record of stable occupancy, the property has demonstrated consistent rental performance. Current average rent is approximately $823 per unit/month, with rental rates believed to be below market, creating an opportunity for future income growth. Situated on approximately 0.9 acres near Canyon Lake Park, schools, shopping and restaurants, the property also includes a 28' x 15' garage, providing valuable additional storage. Improvements within the past five years include updates to roof, siding, windows, doors and electrical systems. Whether expanding an existing portfolio or seeking an established income-producing property, 1948 Hillsview offers an attractive combination of rental history, location, price per unit and potential upside.

Location

State SD

County Pennington

Area Southwest

Zoning Conforming

Direction On the corner of Canyon Lake drive and Hillsview Drive. Turn on Hillsview, property is on the right. There is no sign.

Interior

Heating Forced Air, Fireplace(s)

Cooling Central Air, Window Unit(s)

Fireplaces Number Yes

Fireplace Yes

Window Features Window Coverings

Exterior

Exterior Feature Private Entrance

Parking Features See Remarks

Utilities Available Separate Meters

View Y/N No

View Trees/Woods

Roof Type Composition

Garage No

Building

Foundation None

Listed byCOLDWELL BANKER BLACK HILLS LEGACY

NEARBY SCHOOL & PROPERTIES

Ariel Rudland

+1(605) 786-4816

ariel.rudland@gmail.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Ariel Rudland, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1948 HILLSVIEW DR