1802 Cherry Ave Rapid City, SD 57701
Downtown Rapid City NeighborhoodEstimated payment $1,762/month
Highlights
- Guest House
- Refrigerated and Evaporative Cooling System
- Private Entrance
- Forced Air Heating System
About This Home
Check out this rare opportunity to own a versatile 3-unit property spread across two separate structures on one lot in the desirable DorrTownship! This well-maintained complex offers a perfect blend of income potential and flexibility for investors or owner-occupants. 2 ofthe units offer multiple updates, spacious 2 bedrooms, 1 bathroom and plenty of room comfort and potential. The separate stand-aloneunit offers the privacy of 1 bedroom and 1 bathroom for a cozy home feel to any tenant. With the well groomed .33 acre lot, both unitshave optimal space and serenity. With a strong rental history this property is an investor's dream. Enjoy the convenience of being justmoments from the heart of the city. Whether you're commuting to work, heading out for dinner, or catching a show, everything downtownhas to offer is right at your fingertips! Call today for more info on how you can make this dream your reality. Listed by Beth Staeckeler-Blair Allen Luxury Real Estate 631-902-6095
Listing Agent
Blair Allen Luxury Real Estate LLC License #18592 Listed on: 09/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,740
Year Built
- Built in 1925
Lot Details
- Private Entrance
- Subdivision Possible
Parking
- Common or Shared Parking
Home Design
- Triplex
- Frame Construction
- Composition Roof
Laundry
- Dryer
- Washer
Utilities
- Refrigerated and Evaporative Cooling System
- Evaporated cooling system
- Forced Air Heating System
- Heating System Uses Natural Gas
Additional Features
- Electric Oven or Range
- Guest House
Community Details
Overview
- 3 Units
- 1,438 Sq Ft Building
Pet Policy
- Pets Allowed
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 | $2,783 | $208,800 | $54,400 | $154,400 |
| 2024 | $2,740 | $201,500 | $51,900 | $149,600 |
| 2023 | $2,861 | $200,200 | $51,900 | $148,300 |
| 2022 | $3,318 | $218,500 | $40,500 | $178,000 |
| 2021 | $3,115 | $185,800 | $40,500 | $145,300 |
| 2020 | $2,657 | $153,000 | $40,500 | $112,500 |
| 2019 | $2,714 | $153,800 | $35,500 | $118,300 |
| 2018 | $2,371 | $153,900 | $35,500 | $118,400 |
| 2017 | $2,506 | $137,600 | $35,500 | $102,100 |
| 2016 | $2,585 | $137,100 | $34,200 | $102,900 |
| 2015 | $2,585 | $134,700 | $31,600 | $103,100 |
| 2014 | $2,618 | $132,800 | $31,600 | $101,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/25/2026 02/25/26 | Price Changed | $294,900 | -0.9% | -- |
| 12/16/2025 12/16/25 | Price Changed | $297,500 | -0.5% | -- |
| 09/19/2025 09/19/25 | For Sale | $299,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,800,000 | -- |
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 86120
APN: 0042849
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Ask me questions while you tour the home.