$449,900
UNDER CONTRACT

Estimated payment $2,850/month

Total Views 2,413
Studio
-- Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Investment opportunity featuring multiple rental units situated across the property. The property includes nine separate cabin structures, with one two-story cabin and the remaining cabins offering single-level living. There is currently no structure on Lot 3. Cabins 6 and 7 have been gutted and are ready for renovation, offering an opportunity for an investor to improve the property and potentially increase future rental income. All remaining cabins are currently occupied with tenants on month-to-month rental agreements. Property is being sold AS-IS, WHERE-IS, and the seller will make no repairs. This property offers a unique opportunity for an investor looking for existing rental income combined with additional value-add and redevelopment potential. Buyer and buyer's agent to verify all information, measurements, condition, zoning, permitted uses, and rental information to their satisfaction.

Listing Agent

STEPHANIE NESSELHUF

RE/MAX ADVANTAGE Listed on: 08/15/2026

RE/MAX ADVANTAGE

Co-Listing Agent

Amy Hook

RE/MAX ADVANTAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,729

Year Built

  • Built in 1949

Property Views

  • Neighborhood Views

Home Design

  • Block Foundation
  • Metal Roof

Utilities

  • Central Air
  • Window Unit Cooling System

Community Details

  • 9 Units

Listing and Financial Details

  • Negotiable Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,729

Year Built

Built in 1949

Lot Details

0.81 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Lvt Date: 08/15/2026
  • Personal Property: All Units, Shed
  • View: Neighborhood
  • Year Built: 1949
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Community Entrance

Exterior Features

  • Construction: Other (See Remarks)
  • Foundation: Concrete Block
  • Roof: Metal

Garage/Parking

  • Parking: Assigned, Common

Utilities

  • Air Conditioner: Central, Window
  • Heating: Natural Gas
  • Sewer: City (at site)
  • Water: City (at site)

Lot Info

  • Lot Size: .810
  • Lot Type: Flat
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: Month to Month, Negotiable, Vacant

Tax Info

  • Year: 2025
  • Taxes: 3728.92

Multi Family

  • Number Of Units: 9
  • Vacancy Rate: 10 - 15%
  • Unit Features: Individual Water Heaters, Individual Heat, Individual A/C

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2026 $3,729 $253,200 $15,900 $237,300
2025 $3,729 $253,200 $15,900 $237,300
2024 $3,609 $245,500 $15,900 $229,600
2023 $3,748 $248,100 $15,900 $232,200
2022 $3,451 $213,400 $15,900 $197,500
2021 $3,806 $199,700 $15,900 $183,800
2020 $3,732 $186,300 $15,900 $170,400
2019 $3,679 $182,700 $15,900 $166,800
2018 $3,036 $181,000 $15,900 $165,100
2017 $3,116 $157,200 $18,000 $139,200
2016 $3,035 $154,100 $18,000 $136,100
2015 $3,035 $149,200 $18,000 $131,200
2014 $2,948 $143,600 $18,000 $125,600
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
08/15/2026 08/15/26 For Sale $449,900 -- --
Source: Black Hills Association of REALTORS®

About the Listing Agent

STEPHANIE NESSELHUF

RE/MAX ADVANTAGE

(605) 627-8961

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Stephanie Nesselhuf chose the beautiful Black Hills of South Dakota to be her home in 2005. While her career at the time was that of a School Psychologist for Rapid City Area Schools, a love of real estate was born out of a part time job that Stephanie created for herself when she purchased a couple of houses to use as long- term rental properties. That lead to the start of Shifting Spaces (her own house flipping business), a contractor license and her buying remodeling and then selling over 50

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Source: Black Hills Association of REALTORS®

MLS Number: 180534

Black Hills Association of REALTORS®

APN: 0000241

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