5400 Cedar St Black Hawk, SD 57718
Blackhawk NeighborhoodEstimated payment $2,521/month
Highlights
- Refrigerated and Evaporative Cooling System
- Private Entrance
- Mini Split Heat Pump
About This Home
Turnkey 4-unit multifamily in Black Hawk, SD — all 1 bed, 1 bath units This well-maintained property offers a strong rental history with a consistent 0–5% vacancy rate and reliable tenant retention. Located just minutes from Rapid City and Ellsworth AFB, it’s ideal for commuters and working professionals. Each unit has a private entrance, ample parking, and modern finishes where updated. Low maintenance, easy to manage, and positioned in a high-demand rental market, this property is a solid opportunity for investors seeking stable cash flow with upside potential.
Listing Agent
Berkshire Hathaway HomeServices Midwest Realty License #18388 Listed on: 06/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,242
Year Built
- Built in 1990
Lot Details
- 10,019 Sq Ft Lot
- Private Entrance
- Unpaved Streets
Parking
- Common or Shared Parking
Home Design
- Quadruplex
- Frame Construction
- Composition Roof
Kitchen
- Electric Oven or Range
- Dishwasher
- Disposal
Laundry
- Dryer
- Washer
Outdoor Features
- Cove
Utilities
- Refrigerated and Evaporative Cooling System
- Mini Split Heat Pump
Community Details
Overview
- Association fees include trash service, lawn maintenance
- 4 Units
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 | $2,572 | $215,399 | $29,283 | $186,116 |
| 2024 | $2,572 | $212,198 | $29,283 | $182,915 |
| 2023 | $2,412 | $188,900 | $29,283 | $159,617 |
| 2022 | $2,242 | $166,734 | $25,868 | $140,866 |
| 2021 | $2,280 | $162,099 | $25,473 | $136,626 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/23/2025 07/23/25 | Price Changed | $449,000 | -10.2% | -- | |
| 06/30/2025 06/30/25 | Price Changed | $499,900 | -14.5% | -- | |
| 06/13/2025 06/13/25 | For Sale | $585,000 | +225.0% | -- | |
| 07/03/2019 07/03/19 | Sold | $180,000 | -10.0% | -- | View Prior Sale |
| 06/10/2019 06/10/19 | Price Changed | $200,000 | -16.7% | -- | |
| 04/15/2019 04/15/19 | Pending | -- | -- | -- | |
| 04/10/2019 04/10/19 | For Sale | $240,000 | -- | -- |
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 84855
APN: 20.43.01D
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