Solid 17 unit apartment complex in the heart of Rapid City with easy access to city center, shopping and public transportation. All brick construction making for ease of maintenance with recent updates including: New centralized boiler, 2021, Centralized water heater 2022 and some new windows. Property has low vacancy, on site laundry, decorative security fence, on site parking and is ready for it's new owner.
For sale
Price cut: $63K (4/30)
$1,450,000
225 E Watertown St, Rapid City, SD 57701
--beds
--baths
--sqft
:
Get pre-qualified$9,450/mo
Multiplex
Built in 1963
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 487 days |
- 98 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
ED DREYER 605-343-7653,
RE/MAX ADVANTAGE
Source: Black Hills AOR,MLS#: 172951
Facts & features
Interior
Heating
- Natural Gas, Hot Water
Cooling
- Wall Unit(s)
Appliances
- Included: Range/Oven, Refrigerator
Features
- None
Property
Parking
- Parking features: Paved
Features
- Entry location: Community Entrance
- Has view: Yes
- View description: City
Lot
- Size: 0.4 Acres
- Features: Level
Details
- Zoning description: Conforming
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multiplex
Materials
- Brick Veneer
- Foundation: Slab
- Roof: Other
Condition
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Master Meters, Separate Meters
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Schnasse Add
Location
- Region: Rapid City
Financial & listing details
- Date on market: 3/28/2025
- Listing terms: Cash,New Loan
- Lease term: 12 Months
Estimated market value
Not available
Estimated sales range
Not available
$1,260/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/30/2026 | Price change | $1,450,000-4.2% |
Source:  Black Hills AOR #172951 Report a problem | ||
| 3/28/2025 | Listed for sale | $1,513,000 |
Source: Black Hills AOR #172951 Report a problem | ||
| 5/4/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 4/13/2022 | Listed for rent | $875 |
Source: Zillow Rental Network_1 Report a problem | ||
| 3/30/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 2/23/2022 | Price change | $875+20.7% |
Source: Zillow Rental Network_1 Report a problem | ||
| 2/16/2022 | Listed for rent | $725 |
Source: Zillow Rental Network_1 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 57701
Nearby schools
GreatSchools rating
- 1/10General Beadle Elementary - 01Grades: PK-5Distance: 0.5 mi
- 2/10North Middle School - 35Grades: 6-8Distance: 0.8 mi
- 2/10Central High School - 41Grades: 9-12Distance: 1.1 mi
- $--1 bd1 ba637 sqft225 E Watertown St #3-F, Rapid City, SD 57701Off Market
- $---- bd1 ba370 sqft225 E Watertown St #0C447B2E5, Rapid City, SD 57701Off Market
- $--1 bd1 ba637 sqft225 E Watertown St #C77EEF51B, Rapid City, SD 57701Off Market
- $---- bd1 ba-- sqft225 E Watertown St #2353, Rapid City, SD 57701Off Market
- $--2 bd1 ba700 sqft225 E Watertown St #3C2D99DF4, Rapid City, SD 57701Off Market
- $--1 bd1 ba-- sqft225 E Watertown St #2355, Rapid City, SD 57701Off Market
- $--2 bd1 ba-- sqft225 E Watertown St #2356, Rapid City, SD 57701Off Market
- $--2 bd1 ba800 sqft225 E Watertown St #8865148, Rapid City, SD 57701Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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