Under contract

$245,000

1306 4th St, Rapid City, SD 57701

--beds

--baths

--sqft

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Triplex

Built in 1923

-- sqft lot

$235,600 Zestimate^®

$--/sqft

$-- HOA

What's special

In unit laundry

This perfectly located vertical tri-plex sits within walking distance of downtown. All 3 units offer 2 beds, 1 bath, in unit laundry, and separate electric and gas meters. An abundance of off street parking for tenants. Some units have recent updates including windows, flooring, appliances, and so much more! This investment opportunity would be perfect for a first time investor looking to live in one unit and rent out the other 2 or the ideal property that puts off good cash flow to start a real estate investment portfolio.

58 days

28

0

Facts & features

Interior

Heating

Electric, Forced Air, Wall Furnace, Baseboard

Cooling

Wall Unit(s), Window Unit(s)

Appliances

Included: Individual Water Heaters

Features

Doors: Dead Bolt Locks
Basement: Finished

Property

Parking

Parking features: On Street, See Remarks
Has uncovered spaces: Yes

Features

Exterior features: Balcony/Deck, Private Entrance
Has view: Yes
View description: City, Trees/Woods

Lot

Size: 6,969 Square Feet
Features: Interior Lot

Details

Parcel number: 3701328013
Zoning description: Conforming

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Hardboard
Roof: Composition

Condition

Year built: 1923

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate Meters

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: Flormann

Location

Region: Rapid City

Financial & listing details

Tax assessed value: $218,500
Annual tax amount: $2,894
Date on market: 5/4/2026
Lease term: Month To Month,12 Months

Estimated market value

$235,600

$224,000 - $247,000

$1,494/mo

Price history

Date	Event	Price
5/15/2026	Contingent	$245,000
Source: Black Hills AOR #178814 Report a problem
5/4/2026	Listed for sale	$245,000-10.9%
Source: Black Hills AOR #178814 Report a problem
5/4/2026	Listing removed	$275,000
Source: Black Hills AOR #177586 Report a problem
5/4/2026	Listed for sale	$275,000
Source: Black Hills AOR #177586 Report a problem
4/16/2026	Contingent	$275,000
Source: Black Hills AOR #177586 Report a problem
4/14/2026	Price change	$275,000-3.5%
Source: Black Hills AOR #177586 Report a problem
2/20/2026	Listed for sale	$285,000
Source: Black Hills AOR #177586 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,894 -2.3%	$218,500 +2.7%
2024	$2,962 +10.7%	$212,800
2023	$2,677 +8.2%	--
2022	$2,473	$176,300 +17.8%
2021	--	$149,600 +21.6%
2020	$2,101 -3.3%	$123,000 -1.5%
2019	$2,172 -6.6%	$124,900 -5.9%
2018	$2,326 +37.7%	$132,800 +34.7%
2017	$1,689	$98,600 +6.1%
2016	$1,689 -7.4%	$92,900 -2.7%
2015	$1,823	$95,500 +1.4%
2014	$1,823	$94,200 +9%
2012	--	$86,400

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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