$1,625,000

123 E Nowlin St Unit 125,127,129,131,133, Rapid City, SD 57701

North Rapid City Neighborhood

Estimated payment $10,522/month

Total Views 5,711
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Public Water Access
  • Window Unit Cooling System
  • Forced Air Heating System
  • City View
  • 1-Story Property

About This Home

Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 12-unit complex (six duplexes) offers a fantastic opportunity for investors. Each 2-bedroom, 1-bathroom unit includes a stove, refrigerator, window air conditioner, gas water heater, and forced air heating, along with washer/dryer hookups for added convenience. Some units have been upgraded with LVT flooring in the living room and kitchen. Additional features include alley access and off-street parking. Tenants pay their own gas and electric utilities. Each duplex sits on a separately plotted lot with its own legal description, providing the flexibility to sell them individually or as a complete package. Don’t miss out on this incredible investment opportunity!

Listing Agent

Nicole Petrik

Engel & Völkers Listed on: 04/01/2025

Engel & Völkers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 1-Story Property
  • City Views
  • Fire and Smoke Detector

Outdoor Features

  • Public Water Access

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Public Septic

Community Details

  • 12 Units
  • Nowlin & Wood Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multiplex
  • Style: 1 Story
  • Lvt Date: 04/01/2025
  • View: City
  • Year Built: 1963
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters
  • Agent Only_ L A1 User Code: 2213
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Entrance: Community Entrance

Exterior Features

  • Construction: Wood
  • Foundation: Slab
  • Roof: Tar & Gravel

Utilities

  • Air Conditioner: Electric, Window
  • Heating: Forced Air, Gas
  • Sewer: City
  • Water: City

Lot Info

  • Lot Size: 0.89
  • Lot Type: Flat
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: 1 Year Lease
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2024
  • Taxes: $13,149.22

Multi Family

  • Number Of Units: 12
  • Vacancy Rate: 0 - 5%
  • Unit Features: Hookups, Window Coverings

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $1,625,000 -- --
Source: Black Hills Association of REALTORS®

Similar Homes in Rapid City, SD

  • 3313 Leland Ln, Rapid City, SD 57702

    $1,850,000

    • Studio
    • 3313 Leland Ln
    • Rapid City, SD

    Excellent location in South West Rapid City. Close to parks and ball fields, There is assigned parking and video coverage of parking. Owners provides boiler heat and pays for water and sewer. Tenant pays for electrical.. Spacious studio apartments with fold down beds, full kitchens

    Frederick Holpp COLDWELL BANKER BLACK HILLS LEGACY

    Section Image
  • 1920 Monte Vista Dr, Rapid City, SD 57702

    $1,850,000

    • Studio
    • 1920 Monte Vista Dr
    • Rapid City, SD

    Each unit has washer and dryer hook ups. About 1/2 tenant owns and the other 1/2 owner own. Tenant maintain all units and can replace with their own if desired. Excellent SW location near to public school. Exceptional Investment potential. 2/8 plexes for a total of 16 units, all 2 bed/2 bath. Every unit has Microwave, dishwasher, sroves, and refrigerators. Each unit has its own a patio or deck

    Frederick Holpp COLDWELL BANKER BLACK HILLS LEGACY

    Section Image
See All Homes in Rapid City

Source: Black Hills Association of REALTORS®

MLS Number: 173023

Black Hills Association of REALTORS®

South Dakota Pennington County Rapid City 57701 North Rapid City

123 E Nowlin St Unit 125,127,129,131,133,, Rapid City, SD

This home is located at 123 E Nowlin St Unit 125,127,129,131,133,, Rapid City, SD 57701 and is currently priced at $1,625,000. This property was built in 1963. 123 E Nowlin St Unit 125,127,129,131,133, is a home located in Pennington County with nearby schools including General Beadle Elementary School, North Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Black Hills Association of REALTORS® IDX information is provided exclusively for 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 not guaranteed.

Nearby Homes
Nicole Petrik
Listing Agent
Nicole Petrik
Section Image
Engel & Völkers
(605) 524-2896