$899,000
$201K PRICE DROP

Estimated payment $5,475/month

Total Views 5,662
Studio
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

10 E Quincy Street | Rapid City, SD | 8-Unit Multifamily Investment | Listed by Lori Barnett | Engel & Völkers Black Hills | 605.786.5817 Located minutes from the South Dakota School of Mines & Technology and downtown Rapid City, this 8-unit, non-conforming multifamily property is a compelling acquisition for investors building a Black Hills real estate portfolio. Situated in Rapid City's city center, one of the most consistently occupied rental corridors in Western South Dakota, the building features a diverse unit mix including two studios at $650-700/month, five 2-bedrooms at $1,100/month, and one 3-bedroom at $1,500/month. Coined, common laundry. Dedicated off street parking. All utilities are landlord-paid. Rapid City's continued population growth, low multifamily vacancy rates, and proximity to major employers support strong long-term demand for rental housing in South Dakota.

Listing Agent

Lori Barnett

Engel & Völkers Black Hills Spearfish License #14661 Listed on: 03/05/2026

Engel & Völkers Black Hills Spearfish

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,908

Year Built

  • Built in 1957

Lot Details

  • 6,970 Sq Ft Lot
  • Private Entrance

Parking

  • Common or Shared Parking

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Electric Oven or Range

Laundry

  • Dryer
  • Washer

Utilities

  • Hot Water Heating System

Community Details

Overview

  • 8 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,908

Year Built

Built in 1957

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Basement Substructure: Full Basement, Walkout
  • Personal Property: Refrigerator, Electric Range Oven, Washer, Dryer
  • Safety Features: Smoke Detectors
  • Style: 2 Story
  • Year Built: 1957
  • Miscellaneous: Master Meters
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Private Entrance

Exterior Features

  • Construction: Frame
  • Roof: Composition

Garage/Parking

  • Parking: Common

Utilities

  • Heating: Hot Water

Schools

  • School District: Rapid City

Lot Info

  • Number Of Acres: 0.16

Rental Info

  • Pets Allowed: Yes
  • Owner Pays: Gas/Electric, Water/Sewer, Real Estate Taxes, Insurance

Tax Info

  • RE Taxes: 6,908.24
  • Re Tax Year: 25

Multi Family

  • Number Of Units: 8

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,940 $519,700 $35,000 $484,700
2024 $6,664 $487,700 $35,000 $452,700
2023 $5,646 $399,000 $35,000 $364,000
2022 $5,076 $334,300 $35,000 $299,300
2021 $5,143 $309,200 $35,000 $274,200
2020 $5,460 $317,800 $35,000 $282,800
2019 $4,924 $291,900 $35,000 $256,900
2018 $3,810 $281,900 $35,000 $246,900
2017 $2,773 $223,300 $35,000 $188,300
2016 $2,806 $152,600 $35,000 $117,600
2015 $2,806 $147,000 $35,000 $112,000
2014 $2,847 $145,200 $35,000 $110,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2026 04/23/26 Price Changed $899,000 -9.2% --
03/23/2026 03/23/26 Price Changed $990,000 -10.0% --
03/05/2026 03/05/26 For Sale $1,099,900 +254.8% --
11/29/2017 11/29/17 Sold $310,000 -16.7% -- View Prior Sale
10/19/2017 10/19/17 Pending -- -- --
09/19/2017 09/19/17 For Sale $372,000 -- --
Source: Mount Rushmore Area Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $310,000 --
Source: Public Records

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 87660

Mount Rushmore Area Association of REALTORS®
Your Personal Tour Guide

Ask me questions while you tour the home.