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Backup Offers

711 5th St, Rapid City, SD, 57702

$200,000

Home List Price

$2,375*

Closing Credit

0 Baths
Multi

Location

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711 5th St, Rapid City$200,000

Buyer Closing Credits

$2,375*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingPaved
Year Built1934
HeatingElectric, Baseboard
CoolingGas, Window Unit(s)
ViewCity
MLS #170638
StatusAccepting Backup Offers
(U/C CONTINGENCY)

About 711 5th St

This Non-conforming duplex offers a unique investment opportunity, but must be sold with or at the same time as the historic Pillen Optical Building (MLS 170636) in downtown Rapid City. The property features two units: a 1-bedroom, 1-bathroom apartment upstairs and a 2-bedroom, 1-bathroom unit downstairs with access to a basement space. A single-car garage is included, adding convenience for tenants or owners. Located directly behind the Pillen Optical Building, this duplex is ideal for generating rental income or as part of a larger redevelopment vision in this revitalized downtown area. Don’t miss out on this excellent opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story
  • Year Built: 1934
  • Stories: 2

Listing Office:

  • Office Name: BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
  • Listing Agent: MICHAEL BULICH

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Parking: Paved

Lot Features

Lot Information:

  • Lot: Interior Lot

Utilities

Utilities Information:

  • Heating: Electric, Baseboard
  • Cooling: Gas, Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $200,000

Tax Information:

  • Annual Amount: $1,819
  • 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

711 5th St vs Rapid City

92 DAYS ON ROCKET

$200,000

-$173.9K Less

KEY TAKEAWAY

This property is $173.9K less than the Median Sold Price in Rapid City, SD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #170638

Listing Office:

  • Office Name: BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
  • Listing Agent: MICHAEL BULICH

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' 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 Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability.

Copyright © 2024 by Black Hills Association of REALTORS®. 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: 12/21/2024, 10:20:58 PM 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$1,819$129,100
2020$1,524$106,000
2019$1,593$87,800
2018$1,414$91,100

History based on county public records data.

Payment Calculator

$1,066

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

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NMLS#3030

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-800984
4
/10

  • Wilson Elementary School

  • 827 Franklin St

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-800985
4
/10

  • South Park Elementary School

  • 207 Flormann St

  • 1.00 miles

  • Public District Grades KG-5

school-card-donut-800986
2
/10

  • General Beadle Elementary School

  • 10 Van Buren St

  • 1.25 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 $27,212. The most common annual income of people living in Rapid City, SD is less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

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 are the common housing types 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.

What are the advantages of living in Rapid City, SD?

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 essential services in Rapid City, SD convenient?

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.

How do Rapid City, SD residents get around?

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›57702›711 5th St

This home is located at 711 5th St in Rapid City, SD and zip code 57702. This home was built in 1934. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $200,000.

While more than 5 listings in Rapid City, SD in November 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 22 were sold below. The number of listings in Rapid City, SD increased by 18.4% between October 2024 and November 2024.

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

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