Under contract

$250,000

205 E Watertown St, Rapid City, SD 57701

6beds

--baths

2,016sqft

$1,634/mo

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Duplex

Built in 1953

-- sqft lot

$241,300 Zestimate^®

$124/sqft

$-- HOA

What's special

Separate yards and parking

Listed by Chris Twiggs, Blair Allen Luxury Real Estate, 605-545-1218. CONTRACT FOR DEED AVAILABLE - SELLER FINANCING WITH FAVORABLE TERMS. Whether you're a seasoned investor expanding your portfolio, a first-time investor looking for a seller-financed entry point, or someone interested in house hacking with a tenant helping cover the payment, this turnkey two-unit property delivers! Situated on a single lot are two separate homes: a 4-bed/1-bath (remodeled in 2022) and a 2-bed/1-bath. Both units are fully leased with a strong occupancy history and have been maintained under professional management. Each tenant enjoys a private yard with a fence separating the units, dedicated on- or off-street parking, and separate utility meters. With no shared walls between the units and separate yards and parking, you avoid the noise complaints and neighbor disputes common to typical multifamily layouts. Don't miss this rare seller-financed opportunity, schedule your private showing today!

38 days

16

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6

Interior area

Total structure area: 2,016
Total interior livable area: 2,016 sqft

Property

Lot

Size: 5,227 Square Feet

Details

Parcel number: 2131306003

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Condition

Year built: 1953

Community & HOA

Location

Region: Rapid City

Financial & listing details

Price per square foot: $124/sqft
Tax assessed value: $254,400
Annual tax amount: $3,375
Date on market: 6/18/2026

Estimated market value

$241,300

$229,000 - $253,000

$1,455/mo

Price history

Date	Event	Price
6/24/2026	Contingent	$250,000$124/sqft
Source: Mount Rushmore Area AOR #89150 Report a problem
6/18/2026	Listed for sale	$250,000+4.6%$124/sqft
Source: Mount Rushmore Area AOR #89150 Report a problem
5/1/2023	Listing removed	--
Source: Zillow Rentals Report a problem
4/13/2023	Listed for rent	$1,000
Source: Zillow Rentals Report a problem
4/10/2023	Sold	$239,000$119/sqft
Source: Agent Provided Report a problem
2/11/2023	Pending sale	$239,000$119/sqft
Source: RE/MAX International #162144 Report a problem
2/11/2023	Contingent	$239,000-4.4%$119/sqft
Source: Black Hills AOR #162144 Report a problem
1/12/2023	Price change	$249,9000%$124/sqft
Source: Black Hills AOR #162143 Report a problem
12/15/2022	Price change	$250,000-7.4%$124/sqft
Source: Black Hills AOR #161686 Report a problem
12/8/2022	Price change	$270,000-3.6%$134/sqft
Source: Black Hills AOR #161686 Report a problem
11/18/2022	Price change	$280,000-3.4%$139/sqft
Source: Black Hills AOR #161686 Report a problem
11/3/2022	Listed for sale	$290,000$144/sqft
Source: Black Hills AOR #161686 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,375 +26.5%	$254,400 -13%
2024	$2,668 +12.4%	$292,400
2023	$2,375 +80.5%	--
2022	$1,316	$156,400 +96.5%
2021	--	$79,600 +1.8%
2020	$1,336 +1.8%	$78,200 +3.9%
2019	$1,313 +1.6%	$75,300 +2.4%
2018	$1,291 +6%	$73,500 +3.4%
2017	$1,219	$71,100 -3.4%
2016	$1,219 -19.6%	$73,600 -7.4%
2015	$1,516	$79,500 +0.8%
2014	$1,516	$78,900 +3.8%
2012	--	$76,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

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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Climate risks

Neighborhood: 57701

Getting around

67 / 100

Somewhat Walkable

68 / 100

Bikeable

Nearby schools

GreatSchools rating

1/10
General Beadle Elementary - 01
Grades: PK-5Distance: 0.4 mi
2/10
North Middle School - 35
Grades: 6-8Distance: 0.8 mi
2/10
Central High School - 41
Grades: 9-12Distance: 1 mi

Schools provided by the listing agent

District: Rapid City

Source: Mount Rushmore Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.