315 Franklin St Rapid City, SD 57701
Downtown Rapid City NeighborhoodEstimated payment $1,334/month
Total Views
21,990
3
Beds
2
Baths
1,406
Sq Ft
$142
Price per Sq Ft
Highlights
- View of Hills
- 2 Car Detached Garage
- Air Conditioning
- Ranch Style House
- Interior Lot
- Carpet
About This Home
Step into this unique 3-bedroom, 2-bath home nestled in a friendly and convenient urban neighborhood, right between downtown and the Monument Hospital. Built in 1946, this versatile property offers the rare flexibility to function as either a single-family residence or a duplex, featuring both upper and lower living spaces—perfect for extended family, rental income, or a home + studio setup. 2 bedrooms and 1 bath are located on the upper level and an additional 1 bedroom and 1 bath are on the lower level. A shared laundry room connects the upper and lower living areas via the exterior stairway, offering convenience while maintaining privacy. Inside, you'll find classic touches of Art Deco charm still intact, adding a stylish flair to the layout. The home also includes a separate 2-car garage and a fully fenced yard. Whether you're looking for a place to call home or a smart investment property, this one checks all the boxes! Seller offering a $10,000 credit to buyer at closing!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,820
Year Built
- Built in 1946
Lot Details
- 6,970 Sq Ft Lot
- Chain Link Fence
- Interior Lot
Parking
- 2 Car Detached Garage
Property Views
- Hills
- Neighborhood
Home Design
- 1,406 Sq Ft Home
- Ranch Style House
- Composition Roof
- Stucco
Kitchen
- Electric Oven or Range
- Dishwasher
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
- Shower Only
Laundry
- Dryer
- Washer
Utilities
- Air Conditioning
- Heating System Uses Gas
Additional Features
- Basement
Community Details
- South Park Subdivision
Map
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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 |
|---|---|---|---|---|
| 2024 | $3,196 | $233,500 | $48,900 | $184,600 |
| 2023 | $2,799 | $197,400 | $42,600 | $154,800 |
| 2022 | $2,660 | $175,200 | $37,000 | $138,200 |
| 2021 | $2,069 | $123,900 | $37,000 | $86,900 |
| 2020 | $1,745 | $123,200 | $37,000 | $86,200 |
| 2019 | $1,589 | $125,300 | $32,000 | $93,300 |
| 2018 | $1,549 | $111,400 | $32,000 | $79,400 |
| 2017 | $1,529 | $111,300 | $32,000 | $79,300 |
| 2016 | $1,590 | $104,700 | $32,000 | $72,700 |
| 2015 | $1,590 | $106,300 | $32,000 | $74,300 |
| 2014 | $1,573 | $103,100 | $32,000 | $71,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | Price Changed | $199,000 | -4.8% | $142 / Sq Ft |
| 07/01/2025 07/01/25 | Price Changed | $209,000 | -4.6% | $149 / Sq Ft |
| 05/10/2025 05/10/25 | Price Changed | $219,000 | -4.8% | $156 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $230,000 | -- | $164 / Sq Ft |
Source: Black Hills Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $172,000 | -- |
Source: Public Records
Similar Homes in Rapid City, SD
Source: Black Hills Association of REALTORS®
MLS Number: 173443
APN: 0023410
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