1306 4th St Rapid City, SD 57701
Downtown Rapid City NeighborhoodEstimated payment $1,700/month
Highlights
- Public Water Access
- Balcony
- Forced Air Heating System
- City View
- Interior Lot
- Baseboard Heating
About This Home
This perfectly located vertical tri-plex sits within walking distance of downtown. All 3 units offer 2 beds, 1 bath, in unit laundry, and separate electric and gas meters. An abundance of off street parking for tenants. Some units have recent updates including windows, flooring, appliances, and so much more! This investment opportunity would be perfect for a first time investor looking to live in one unit and rent out the other 2 or the ideal property that puts off good cash flow to start a real estate investment portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,904
Year Built
- Built in 1923
Lot Details
- Private Entrance
- Interior Lot
Parking
- On-Street Parking
Property Views
- City
- Trees
Home Design
- Triplex
- Composition Roof
- Hardboard
Outdoor Features
- Public Water Access
- Balcony
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Forced Air Heating System
- Space Heater
- Heating System Uses Gas
- Heating System Mounted To A Wall or Window
- Baseboard Heating
- Public Septic
Additional Features
- Finished Basement
Listing and Financial Details
- Month-to-Month Lease Term
Community Details
Overview
- 3 Units
- Flormann Subdivision
Building Details
- Gross Income $22,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $2,925 | $218,500 | $48,300 | $170,200 |
| 2024 | $2,915 | $212,800 | $46,000 | $166,800 |
| 2023 | $2,983 | $210,500 | $46,000 | $164,500 |
| 2022 | $2,677 | $176,300 | $32,000 | $144,300 |
| 2021 | $2,494 | $149,600 | $32,000 | $117,600 |
| 2020 | $2,122 | $123,000 | $32,000 | $91,000 |
| 2019 | $2,326 | $124,900 | $27,000 | $97,900 |
| 2018 | $1,689 | $132,800 | $27,000 | $105,800 |
| 2017 | $1,690 | $98,600 | $27,000 | $71,600 |
| 2016 | $1,823 | $92,900 | $22,000 | $70,900 |
| 2015 | $1,823 | $95,500 | $22,000 | $73,500 |
| 2014 | $1,848 | $94,200 | $22,000 | $72,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/14/2026 04/14/26 | Price Changed | $275,000 | -3.5% | -- |
| 02/20/2026 02/20/26 | For Sale | $285,000 | -- | -- |
Source: Black Hills Association of REALTORS®
MLS Number: 177586
APN: 0023134
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Ask me questions while you tour the home.