$439,000
SOLD MAY 4, 2026

5400 Cedar St Black Hawk, SD 57718

Blackhawk Neighborhood
Studio
-- Bath
-- Sq Ft
10,019 Sq Ft Lot Lot

Sale Details

Date Sold: May 4, 2026

25% Below List Price

281 Days on Market

Highlights

  • Refrigerated and Evaporative Cooling System
  • Private Entrance
  • Mini Split Heat Pump

About This Home

As of May 2026

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.

Last Agent to Sell the Property

Stacy ENGELMANN

Berkshire Hathaway HomeServices Midwest Realty License #18388 Listed on: 06/13/2025

Berkshire Hathaway HomeServices Midwest Realty

Last Buyer's Agent

NON MEMBER

NON-MEMBER OFFICE

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

Listing and Financial Details

  • Tenant pays for gas/electric

Community Details

Overview

  • Association fees include trash service, lawn maintenance
  • 4 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,242

Year Built

Built in 1990

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Type: Fourplex
  • Basement Substructure: Full Basement, Walkout, Completely Finished, Poured Concrete Found.
  • Personal Property: Dishwasher, Garbage Disposal, Refrigerator, Electric Range Oven, Washer, Dryer
  • Safety Features: Smoke Detectors
  • Style: Up & Down
  • Systems: Breaker
  • Year Built: 1990
  • Includes: All Units, Some Units, Refrigerator, Range/Oven, Dishwasher, Disposal, Washer, Dryer, Air Conditioner
  • Miscellaneous: Separate Meters, Individual Water Heaters, Individual Heat & Air, Dead Bolt Locks, Electric
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance

Exterior Features

  • Construction: Frame
  • Exterior: Paved Street, Unpaved Street
  • Roof: Composition

Garage/Parking

  • Parking: Common

Utilities

  • Cooling: Refrig. C/Air, MiniSplit
  • Heating: Electric, Cove, MiniSplit

Condo/Co-op/Association

  • H O A Includes: Trash Service, Lawn Maintenance

Schools

  • School District: Rapid City

Lot Info

  • Number Of Acres: 0.23

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Gas/Electric
  • Type of Tenancy: One Year Lease

Tax Info

  • RE Taxes: 2242.00
  • Re Tax Year: 24

Multi Family

  • Number Of Units: 4
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2026 05/04/26 Sold $439,000 -2.2% --
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®

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 $2,758 $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
Source: Public Records

Agents Affiliated with this Home

  • Stacy ENGELMANN

    Seller's Agent in 2026

    Stacy ENGELMANN

    Berkshire Hathaway HomeServices Midwest Realty

    (307) 680-5921

    2 in this area

    51 Total Sales

    Stacy ENGELMANN
    Section Image

  • N

    Buyer's Agent in 2026

    NON MEMBER

    NON-MEMBER OFFICE

  • J

    Seller's Agent in 2019

    JEREMY KAHLER

    INACTIVE OFFICE

    Section Image

  • S

    Buyer's Agent in 2019

    Shauna Sheets

    INACTIVE OFFICE

    Section Image
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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 84855

Mount Rushmore Area Association of REALTORS®

APN: 20.43.01D

South Dakota Meade County Black Hawk 57718 Blackhawk

5400 Cedar St, Black Hawk, 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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