$250,000
UNDER CONTRACT

205 E Watertown St Rapid City, SD 57701

North Rapid City Neighborhood

Estimated payment $1,645/month

Total Views 627
Studio
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Listed by Chris Twiggs, Blair Allen Luxury Real Estate, 605-545-1218. CONTRACT FOR DEED AVAILABLE - SELLER FINANCING WITH FAVORABLE TERMS. Whether you're a seasoned investor expanding your portfolio, a first-time investor looking for a seller-financed entry point, or someone interested in house hacking with a tenant helping cover the payment, this turnkey two-unit property delivers! Situated on a single lot are two separate homes: a 4-bed/1-bath (remodeled in 2022) and a 2-bed/1-bath. Both units are fully leased with a strong occupancy history and have been maintained under professional management. Each tenant enjoys a private yard with a fence separating the units, dedicated on- or off-street parking, and separate utility meters. With no shared walls between the units and separate yards and parking, you avoid the noise complaints and neighbor disputes common to typical multifamily layouts. Don't miss this rare seller-financed opportunity, schedule your private showing today!

Listing Agent

Chris Twiggs

Blair Allen Luxury Real Estate LLC License #17641 Listed on: 06/18/2026

Blair Allen Luxury Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,382

Year Built

  • Built in 1953

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Duplex

Community Details

Overview

  • 2 Units
  • 2,016 Sq Ft Building

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,382

Year Built

Built in 1953

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Year Built: 1953
  • Estimated Building Sq Ft: 2016
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Schools

  • School District: Rapid City

Lot Info

  • Number Of Acres: 0.12

Rental Info

  • Pets Allowed: Yes

Tax Info

  • RE Taxes: 3382
  • Re Tax Year: 25

Multi Family

  • Number Of Units: 2

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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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 $3,397 $254,400 $30,100 $224,300
2024 $3,391 $292,400 $30,100 $262,300
2023 $2,684 $189,600 $23,500 $166,100
2022 $2,375 $156,400 $21,300 $135,100
2021 $1,332 $79,600 $22,800 $56,800
2020 $1,352 $78,200 $22,800 $55,400
2019 $1,291 $75,300 $22,800 $52,500
2018 $1,219 $73,500 $22,800 $50,700
2017 $1,338 $71,100 $22,800 $48,300
2016 $1,516 $73,600 $22,800 $50,800
2015 $1,516 $79,500 $26,000 $53,500
2014 $1,546 $78,900 $26,000 $52,900
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
06/18/2026 06/18/26 For Sale $250,000 -- --
Source: Mount Rushmore Area Association of REALTORS®

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 89150

Mount Rushmore Area Association of REALTORS®

APN: 0031007

South Dakota Pennington County Rapid City 57701 North Rapid City

205 E Watertown St, Rapid City, SD

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.

Mount Rushmore Area 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.

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Chris Twiggs
Listing Agent
Chris Twiggs
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Blair Allen Luxury Real Estate LLC
(605) 513-6870
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