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For sale
  • $600,000

    711 5th St, Rapid City, SD 57701

    --beds
    --baths
    --sqft
    : 
    $3,920/mo
    Get pre-qualified
    Duplex
    Built in 1934
    -- sqft lot
    $573,300 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Single-car garageTwo units
    Listed by Mike Bulich (605-786-8107) with Berkshire Hathaway HomeServices Midwest Realty. Unique downtown Rapid City investment opportunity with multiple possibilities! Located directly behind the historic Pillen Optical Building, this non-conforming duplex is commercially zoned, offering potential to continue its current residential use or explore conversion to commercial space, subject to applicable city requirements and approvals. The property features two units, including a 1-bedroom, 1-bath upper apartment and a 2-bedroom, 1-bath main-level unit with basement access, plus a single-car garage. Its downtown location creates opportunities for rental income, office or commercial use, or a larger redevelopment vision utilizing both neighboring properties. Property must be sold with, or simultaneously with, the Pillen Optical Building at 501 Kansas City Street, MLS #178324. The list price of $600,000 is for both properties (711 5Th street & 501 Kansas City). Two neighboring downtown properties with income potential, commercial zoning, and flexibility for future use.
    1 day
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    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    MICHAEL BULICH 605-786-8107,

    BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY

    Source: Black Hills AOR,MLS#: 180788MLS Logo

      Facts & features

      Interior

      Heating
      • Electric, Baseboard
      Cooling
      • Window Unit(s)
      Features
      • Windows: Window Coverings
      • Has basement: Yes

      Property

      Parking
      • Parking features: Paved
      Features
      • Exterior features: Private Entrance
      • Has view: Yes
      • View description: City
      Lot
      • Size: 2,613 Square Feet
      • Features: Interior Lot
      Details
      • Parcel number: 3701176009
      • Zoning description: Unknown

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Materials
      • Roof: Composition
      Condition
      • Year built: 1934

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Original Town
      Location
      • Region: Rapid City

      Financial & listing details

      • Tax assessed value: $166,800
      • Annual tax amount: $2,214
      • Date on market: 8/31/2026
      • Lease term: Month To Month

        Estimated market value

        $573,300

        $545,000 - $602,000

        $1,281/mo

        Price history

        DateEventPrice
        8/31/2026Listed for sale$600,000+200%
        Source: Black Hills AOR #180788 Report a problem
        10/13/2024Listing removed$200,000
        Source: BHHS broker feed #170638 Report a problem
        9/20/2024Listed for sale$200,000
        Source: Black Hills AOR #170638 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,214 -2.3%$166,800 +2.5%
        2024$2,267 -2.8%$162,800 +1.1%
        2023$2,332 +9.3%$161,100 +4.9%
        2022$2,134 $153,600 +19%
        2021-- $129,100 +21.8%
        2020$1,811 +18.8%$106,000 +20.7%
        2019$1,524 -4.3%$87,800 -3.6%
        2018$1,593 +12.6%$91,100 +9.9%
        2017$1,414 $82,900 -22.3%
        2016$1,414 -30.8%$106,700 -0.9%
        2015$2,044 $107,700 +1.2%
        2014$2,044 $106,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 57701

        Getting around

        85 / 100
        Very Walkable
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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