25 days on rocket

1127 Holcomb Ave, Rapid City, SD, 57701

$290,000

Home List Price

$3,444*

Closing Credit

0 Baths
1,848 SqFt
$157/SqFt
Multi

Location

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1127 Holcomb Ave, Rapid City$290,000

Buyer Closing Credits

$3,444*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1959
HeatingNatural Gas, Electric, Forced Air, Baseboard
CoolingNone
MLS #82305
Lot Size0.16 Acres
StatusActive
(ACTIVE)

About 1127 Holcomb Ave

Welcome to this cash-flowing duplex investment property, perfectly set up with an up-and-down layout and a fantastic 6.5% cap rate. Each unit has been thoughtfully updated, making this a prime income-generating opportunity. The basement unit features 2 bedrooms and 1 bathroom with various updates along with new flooring and new paint throughout. The upper unit offers 3 bedrooms and 1 bathroom, blending new flooring with well-preserved original hardwood. The living space has been freshly painted and extends into a covered patio. Recent upgrades include a new roof (2022), new radon mitigation system, newly paved driveways, fresh landscaping, and a fully fenced yard. Each unit has its own washer and dryer for added convenience, and tenants will love the abundant outdoor space and privacy. This is a turn-key investment with strong cash flow, stable income, and upgrades that enhance long-term value. Don’t miss out on adding this solid duplex to your portfolio or starting your investment journey (P.S. this could be a great candidate for house hacking)! Listed by Madison Reeves -Keller Williams Realty Black Hills, Spearfish (605) 569-9019

Property Details

Property Features

Property Information:

  • Architectural Style: Up & Down
  • Year Built: 1959
  • Living Area: 1,848 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Black Hills SP
  • Office Phone: (605) 343-7500

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Electric, Forced Air, Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: Head East on St. Joseph St. toward 7th St. then turn left onto 5th St. Continue onto Haines Ave., turn right onto Anamosa St., then turn right onto Holcomb Ave. Destination will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $290,000
  • Price Per SqFt: $157/SqFt

Tax Information:

  • Annual Amount: $1,736
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rapid City, SD.

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Rapid City, SD

City

Med. Sold Price

$373.9K

Med. Price/SqFt

$188

# of Sold Homes

35

1127 Holcomb Ave vs Rapid City

25 DAYS ON ROCKET

$290,000

-$83.9K Less

$157/SqFt

-$32 Less

KEY TAKEAWAY

This property is $83.9K less than the Median Sold Price and $32/SqFt less than other homes in Rapid City, SD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #82305

Listing Office:

  • Office Name: Keller Williams Realty Black Hills SP
  • Office Phone: (605) 343-7500

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2024 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/3/2024, 11:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,736$133,000
2020$1,523$122,600
2019$1,557$107,000
2018$1,360$109,100

History based on county public records data.

Payment Calculator

$1,515

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$936

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-3471381
2
/10

  • General Beadle Elementary School

  • 10 Van Buren St

  • 0.17 miles

  • Public District Grades KG-5

school-card-donut-3471382
2
/10

  • Knollwood Heights Elementary School

  • 1701 Downing St

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-3471383
3
/10

  • Horace Mann Elementary School

  • 902 Anamosa St

  • 0.87 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,438. The majority of Rapid City, SD residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Rapid City, SD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Rapid City, SD?

Rapid City's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences and budgets. The architectural styles in the area range from ranch-style homes to split-levels and contemporary designs. A significant portion of the housing stock was built during the late 20th century, reflecting a period of growth and development in the city.

Is Rapid City, SD a good place to live?

Rapid City is celebrated for its proximity to natural landmarks and a vibrant cultural scene. The community prides itself on outdoor activities available in the nearby Black Hills and annual events that showcase the area's rich history and community spirit, such as the Black Hills Powwow and the Central States Fair.

Are things conveniently located in Rapid City, SD?

The community benefits from a solid educational system, with a number of public and private schools serving the area, as well as higher education institutions like South Dakota School of Mines & Technology. Healthcare services are robust, with several hospitals and clinics providing comprehensive care. Retail and dining options reflect the local culture, offering a blend of national chains and unique local businesses.

What does the transportation in Rapid City, SD look like?

Rapid City's transport infrastructure includes a network of major roads and highways, such as Interstate 90, facilitating travel and commuting. Public transportation services are available, providing residents with additional options for getting around the city. The area's walkability varies, with downtown Rapid City being more pedestrian-friendly. Ride-sharing services are operational in the city, complementing the existing transport options.

Rocket Homes›South Dakota›Pennington County›Rapid City›57701›1127 Holcomb Ave

This home is located at 1127 Holcomb Ave in Rapid City, SD and zip code 57701. This 1,848 square foot home, which was built in 1959, sits on a 0.16 acre lot. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $290,000.

Rapid City, SD housing market in November 2024 saw over 5 listings sold above listed price, more than 6 sold at listed price and over 22 sold below. In November 2024 in Rapid City, SD there were 18.4% more homes for sale than in October 2024.

From Rocket Homes Real Estate and based on county public records data.

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