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Off market
  • $224,100

    514 E Madison St, Rapid City, SD 57701

    2beds
    0baths
    600sqft
    MultiFamily
    Built in 1938
    -- sqft lot
    $224,100 Zestimate®
    $374/sqft
    $988 Estimated rent

    Home value

    $224,100

    $208,000 - $244,000

    $988/mo

    Zestimate® history
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    Owner options

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    $988/mo

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    $988/mo

    Rent Zestimate®

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    $1,136/mo

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    $1,136/mo

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    What's special

    If you'd like to acquire a turnkey income property, this is it. Amazing charm and character in both the upstairs and downstairs units. Wood accents and trim throughout. Lots of little touches that really show off that 1938 style and personality. Check out the pictures and you'll see that charm in abundance. Both upstairs and downstairs units are one bedroom. Separate entrances for each apartment. There's a nice one car garage and huge shed with a floor. Upstairs apartment has been using the garage, but the shed has been used by the owner. Both storage spaces could represent additional revenue streams. There is a very nice front porch on the upper level. East and west foundation walls have been re-poured a few years ago. Electric and gas meters are separated. Rents shown are what the owner would go to if they kept the property. Lot size makes it a non-conforming use.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 0
    Features
    • Basement: Finished
    Interior area
    • Total interior livable area: 600 sqft

    Property

    Lot
    • Size: 6,969 sqft
    Details
    • Parcel number: 2131182011

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1938

    Community & neighborhood

    Location
    • Region: Rapid City

    Price history

    DateEventPrice
    6/4/2024Listing removed--
    Source: RE/MAX International Report a problem
    4/7/2023Sold$185,500+1.9%$309/sqft
    Source: Mount Rushmore Area AOR #75247 Report a problem
    3/8/2023Pending sale$182,000$303/sqft
    Source: RE/MAX International #162450 Report a problem
    3/7/2023Contingent$182,000$303/sqft
    Source: Mount Rushmore Area AOR #75247 Report a problem
    3/2/2023Pending sale$182,000$303/sqft
    Source: RE/MAX International #162450 Report a problem
    3/2/2023Contingent$182,000$303/sqft
    Source: Black Hills AOR #162450 Report a problem
    3/1/2023Listed for sale$182,000$303/sqft
    Source: Black Hills AOR #162450 Report a problem
    2/27/2023Pending sale$182,000$303/sqft
    Source: RE/MAX International #162450 Report a problem
    2/27/2023Contingent$182,000$303/sqft
    Source: Black Hills AOR #162450 Report a problem
    2/23/2023Listed for sale$182,000$303/sqft
    Source: Black Hills AOR #162450 Report a problem
    2/12/2023Pending sale$182,000$303/sqft
    Source: RE/MAX International #162450 Report a problem
    2/12/2023Contingent$182,000$303/sqft
    Source: Black Hills AOR #162450 Report a problem
    2/10/2023Listed for sale$182,000$303/sqft
    Source: Black Hills AOR #162450 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,922 -15.5%$169,400 -2.3%
    2024$2,274 +11.7%$173,400 +7.3%
    2023$2,036 +19%$161,600 +20.5%
    2022$1,711 $134,100 +29.6%
    2021-- $103,500 +2.9%
    2020$1,719 +2.7%$100,600 +4.9%
    2019$1,673 +4.6%$95,900 +4.1%
    2018$1,599 +5.3%$92,100 +4.1%
    2017$1,518 $88,500 -1.7%
    2016$1,518 -15%$90,000 -3.7%
    2015$1,786 $93,500 +53.8%
    2014$1,786 $60,800 -1%
    2012-- $61,400

    Find assessor info on the county website

    Neighborhood: 57701

    Nearby schools

    GreatSchools rating
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