Fantastic rental property!! Both units include 2 bedrooms 1 bath, with unit 1 access to attached single car garage. Both units recently updated. Cap rate is 8%.
Contingent
$268,900
409 S Madison Ave, New Underwood, SD 57761
--beds
--baths
--sqft
Duplex
Built in 1950
-- sqft lot
$251,500 Zestimate®
$--/sqft
$-- HOA
What's special
- 5 days |
- 21 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
DIANE K WILCOX 605-390-3959,
COLDWELL BANKER BLACK HILLS LEGACY,
MARTY WILCOX 605-391-5263,
COLDWELL BANKER BLACK HILLS LEGACY
Source: Black Hills AOR,MLS#: 180031
Facts & features
Interior
Heating
- Has Heating (Unspecified Type)
Cooling
- None
Appliances
- Included: Individual Water Heaters
Features
- Kit/DR Combo
- Basement: Crawl Space
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Exterior features: Balcony/Deck, Private Entrance
- Has view: Yes
- View description: City, Trees/Woods
Lot
- Size: 0.32 Acres
- Features: Level
Details
- Parcel number: 2431233006
- Zoning description: Unknown
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Hardboard
- Roof: Composition
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & HOA
Community
- Subdivision: Madsen Addn
Location
- Region: New Underwood
Financial & listing details
- Tax assessed value: $104,100
- Annual tax amount: $1,753
- Date on market: 7/15/2026
- Lease term: Month To Month
Estimated market value
$251,500
$239,000 - $264,000
$1,977/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Listing removed | $268,900 |
Source:  Black Hills AOR #175361 Report a problem | ||
| 8/21/2025 | Listed for sale | $268,900+273.5% |
Source: Black Hills AOR #175361 Report a problem | ||
| 6/16/2022 | Sold | $72,000+7199900% |
Source:  Mount Rushmore Area AOR #71551 Report a problem | ||
| 11/13/2020 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 10/22/2020 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 3/26/2020 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 1/14/2020 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 6/17/2013 | Sold | $1 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,753 -3.2% | $104,100 +4.9% |
| 2024 | $1,811 +7.8% | $99,200 |
| 2023 | $1,679 +35.4% | -- |
| 2022 | $1,240 | $87,900 +28.1% |
| 2021 | -- | $68,600 |
| 2020 | $1,283 +14.7% | $68,600 +21% |
| 2019 | $1,119 +0.6% | $56,700 +3.5% |
| 2018 | $1,112 +1% | $54,800 -1.1% |
| 2017 | $1,101 | $55,400 -0.4% |
| 2016 | $1,101 -10.8% | $55,600 -4.5% |
| 2015 | $1,234 | $58,200 +2.1% |
| 2014 | $1,234 | $57,000 -2.1% |
| 2012 | -- | $58,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 57761
Nearby schools
GreatSchools rating
- 5/10New Underwood Elementary - 02Grades: K-5Distance: 0.1 mi
- 4/10New Underwood Jr. High - 04Grades: 6-8Distance: 0.1 mi
- 5/10New Underwood High School - 01Grades: 9-12Distance: 0.1 mi
- $212,4002 bd1 ba690 sqft409 S Madison Ave #B, New Underwood, SD 57761Off Market
- $234,4002 bd1 ba922 sqft409 S Madison Ave #A, New Underwood, SD 57761Off Market
- $183,0003 bd1 ba864 sqft403 S Madison Ave, New Underwood, SD 57761Off Market
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- $308,7004 bd2 ba1.6k sqft410 S Bailey Ave, New Underwood, SD 57761Off Market
- $192,1003 bd1 ba1.5k sqft305 E Oak St, New Underwood, SD 57761Off Market
- $384,2003 bd2 ba2k sqft420 S Bailey Ave, New Underwood, SD 57761Off Market
- $--1 bd1 ba-- sqft412 S Madison Ave #776F18CCB, New Underwood, SD 57761Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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