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3417 W Rapid St, Rapid City, SD, 57702

4beds
--baths
1,536sqft
$285,000
$186price/sqft
$2,037/moest. monthly cost
$81,480/yrincome needed

About This Home

Listed by Rich Hegre Engel & Volkers 605-381-RICH(7424) This is a great opportunity to own a west side investment property. This duplex is fully rented with great income. Zero vacancy for over 3 years, gives you peace of mind knowing you will have income.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

7/10
5/10
West Middle School - 37Grades 6-80.7 mi
5/10
Stevens High School - 42Grades 9-121.0 mi

Construction

Condition

  • Year built: 1952

Materials

  • Roof: Composition
  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Refrigerator,Gas Range Oven

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: None,Window Evap.

Interior Area

  • Total structure area: 1,536
  • Total interior livable area: 1,536 sqft

Property

Details

  • Parcel number: 2033480010

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Community Entrance

Parking

  • Parking features: Paved,On Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Hail
Ice Storm
Lightning

FEMA Declared Disasters in Pennington County and South Dakota

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,441$17,292
Home Insurance $168$2,016
Property Taxes $282$3,384
Electricity $146$1,755
Total$2,037$24,444

Income You'd Need if You Spent...

35% on housing$69,840/yr
40% on housing$61,110/yr
45% on housing$54,320/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.7%
13.7%
0%30.0%
Electricity Growth Rate10-year average: 2.1%
2.1%
0%15.0%
Property Taxes Growth Rate2-year average: 3.9%
3.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$186This listing

vs Other Active Listings

Avg $/sqft

ZIP 57702$296
Pennington County$231

vs Homes Sold Last Month

Median $/sqft

ZIP 57702$205
Pennington County$202

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-15Listed for sale$295,000
2020-05-19Listing removed$600
2020-05-06Listed for rent$600
2019-05-29Listing removed$600
2019-05-08Listed for rent$600
2016-08-02Sold$112,000

For Sale by Agent

AgentRich Hegre
BrokerageEngel & Voelkers Black Hills Rapid City

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