NOT LISTED FOR SALE

612 Franklin St Rapid City, SD 57701

Downtown Rapid City Neighborhood

Estimated Value: $209,000 - $293,000

-- Bed
3 Baths
1,744 Sq Ft
$138/Sq Ft Est. Value

Last Sold February 06, 2023

Last sale price $260,000 $149 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,477/month

14 Days on Market

About This Home

As of February 2023

Listed by Jeremy Kahler, KWBH, 605-381-7500. Great investment opportunity- up/down triplex with consistent rental history in central Rapid City location! *Separate secured entrances, flat interior lot and plenty of on and off street parking *First unit (A) spans the 872sqft upper level, and offers 2 bedrooms, 1 large bathroom, an oversized living room bathed in great natural light, and large eat in kitchen with a walk in storage pantry and laundry hookups *Front lower unit (B) has 436sqft and opens with a corner kitchen with eat in dining space and flows into the cozy living room, 1 bedroom and 1 bathroom complete this home *Back lower unit (C) also has 436sqft, a corner kitchen, comfortable living room, 1 cozy bedroom and 1 bathroom. Located close to downtown and easy access to many major medical facilities- call today!

Last Agent to Sell the Property

JEREMY KAHLER

Keller Williams Realty Black Hills SP License #12777 Listed on: 12/01/2022

Keller Williams Realty Black Hills SP

Last Buyer's Agent

BRAD MEEHAN

The Experience Real Estate License #17007

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,537

Year Built

  • Built in 1914

Lot Details

  • 6,970 Sq Ft Lot
  • Private Entrance
  • Subdivision Possible

Home Design

  • 1,744 Sq Ft Home
  • Triplex
  • Frame Construction
  • Composition Roof
  • Stucco

Parking

  • On-Street Parking
  • Off-Site Parking

Additional Features

  • Electric Oven or Range
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for rent only
  • The owner pays for gas/electric, water/sewer

Community Details

Overview

  • 1,744 Sq Ft Building

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,537

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Triplex
  • Personal Property: Refrigerator, Electric Range Oven
  • Sq Ft Above Grade: 1744
  • Style: Up & Down
  • Subdivision Yn: Yes
  • Year Built: 1914
  • Estimated Building Sq Ft: 1744
  • Includes: All Units
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance
  • Total Sq Ft: 1744

Exterior Features

  • Construction: Frame
  • Roof: Composition
  • Siding: Stucco

Garage/Parking

  • Parking: Street Parking, Off Site

Utilities

  • Heating: Wall Furnace

Schools

  • School District: Rapid City
  • School District: Rapid City

Lot Info

  • Lot Size: .16
  • Number Of Acres: 0.16

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Rent Only
  • Owner Pays: Gas/Electric, Water/Sewer
  • Type of Tenancy: One Year Lease

Tax Info

  • RE Taxes: 1,537
  • Re Tax Year: 21

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Jan 27, 2023
Bought by
Westloft Holdings Llc
Seller's Agent
JEREMY KAHLER
Keller Williams Realty Black Hills SP
Buyer's Agent
BRAD MEEHAN
The Experience Real Estate
List Price
$260,000
Sold Price
$260,000
Views
59
Current Estimated Value
$240,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,933
Avg. Annual Appreciation
-3.11%
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Westloft Holdings Llc $260,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2023 02/06/23 Sold $260,000 0.0% $149 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
12/01/2022 12/01/22 For Sale $260,000 +271.4% $149 / Sq Ft
09/16/2019 09/16/19 Sold $70,000 -12.4% $80 / Sq Ft
09/06/2019 09/06/19 Pending -- -- --
08/27/2019 08/27/19 For Sale $79,900 -- $92 / Sq Ft
Source: Mount Rushmore Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $2,028 $147,600 $46,000 $101,600
2023 $2,101 $147,800 $46,000 $101,800
2022 $1,602 $105,500 $32,000 $73,500
2021 $1,558 $93,000 $32,000 $61,000
2020 $1,628 $94,100 $37,000 $57,100
2019 $1,536 $88,500 $32,000 $56,500
2018 $1,403 $87,300 $32,000 $55,300
2017 $1,433 $81,700 $32,000 $49,700
2016 $1,536 $78,600 $32,000 $46,600
2015 $1,536 $80,300 $32,000 $48,300
2014 $1,563 $79,500 $32,000 $47,500
Source: Public Records

Agents Affiliated with this Home

  • JEREMY KAHLER

    Seller's Agent in 2023

    JEREMY KAHLER

    Keller Williams Realty Black Hills SP

    (605) 381-7500

    45 in this area

    503 Total Sales

    JEREMY KAHLER
    Section Image

  • B

    Buyer's Agent in 2023

    BRAD MEEHAN

    The Experience Real Estate

    (605) 351-1830

    1 in this area

    17 Total Sales

    BRAD MEEHAN
    Section Image
  • Bill Hall

    Seller's Agent in 2019

    Bill Hall

    BETTER WAY HALF FEE REALTY

    (605) 381-8281

    2 in this area

    52 Total Sales

    Bill Hall
    Section Image
  • Matthew Senftner

    Buyer's Agent in 2019

    Matthew Senftner

    EXP REALTY

    (605) 389-1314

    4 in this area

    79 Total Sales

    Matthew Senftner
    Section Image
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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 74553

Mount Rushmore Area Association of REALTORS®

APN: 0023324

South Dakota Pennington County Rapid City 57701 Downtown Rapid City

612 Franklin St, Rapid City, SD

This home is located at 612 Franklin St, Rapid City, SD 57701 since 01 December 2022 and is currently estimated at $240,067, approximately $137 per square foot. This property was built in 1914. 612 Franklin St is a home located in Pennington County with nearby schools including Woodrow Wilson Elementary School, South Middle School, and Central High School.

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