6 months on rocket

1010 N 7th, Rapid City, SD, 57701

$344,900

Home List Price

$4,096*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1010 N 7th, Rapid City$344,900

Buyer Closing Credits

$4,096*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingGarage
Year Built1922
HeatingNatural Gas
CoolingElectric, Window Unit(s)
ViewTrees/Woods
MLS #165967
StatusActive
(ACTIVE)

About 1010 N 7th

Prime Investment Opportunity in Rapid City! Welcome to this 2,562 sqft triplex boasting one 2-bedroom, 1-bathroom unit and two 1-bedroom, 1-bathroom units, perfectly positioned for savvy investors. The property's recent new roof, community laundry, and a private fenced yard enhance its appeal. Its convenient location near parks, restaurants, schools, and attractions ensures a steady stream of potential tenants, making it a lucrative income generator. With ample storage, multiple cabinets, and abundant off-street parking, this triplex caters to tenant needs while offering a hassle-free investment experience. The current rents are below market value and have an opportunity to be increased from $950-1050. Don't miss this chance to capitalize on a highly desirable property in Rapid City's thriving real estate market.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1922

Listing Office:

  • Office Name: REAL BROKER - SPEARFISH
  • Listing Agent: JEFFERY CHRISTIANS

Exterior Features

Exterior Information:

  • View: Trees/Woods

Parking Information:

  • Parking: Garage

Lot Features

Lot Information:

  • Lot: Level, Interior Lot

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Electric, Window Unit(s)

School Info

Assigned Schools Information:

  • Central High School - 41, Public District Grades 9-12
  • North Middle School - 35, Public District Grades 6-8
  • Horace Mann Elementary - 07, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $344,900
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Housing Market Comparison

See how this home compares to others in Rapid City, SD.

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Rapid City, SD

City

Med. Sold Price

$349.7K

Med. Price/SqFt

$187

# of Sold Homes

35

1010 N 7th vs Rapid City

208 DAYS ON ROCKET

$344,900

-$4.8K Less

KEY TAKEAWAY

This property is $4.8K less than the Median Sold Price in Rapid City, SD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #165967

Listing Office:

  • Office Name: REAL BROKER - SPEARFISH
  • Listing Agent: JEFFERY CHRISTIANS

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability.

Copyright © 2024 by Black Hills Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 10:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,789

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6429691
3
/10

  • Horace Mann Elementary - 07

  • 902 Anamosa St

  • 0.32 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6429692
3
/10

  • North Middle School - 35

  • 1501 N Maple Ave

  • 0.69 miles

  • Public District Grades 6-8

High School

school-card-donut-6429693
3
/10

  • Central High School - 41

  • 433 North 8th

  • 0.49 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,041. Typical income of Rapid City, SD residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›South Dakota›Pennington County›Rapid City›57701›1010 N 7th

This home is located at 1010 N 7th in Rapid City, SD and zip code 57701. This home was built in 1922. It has been listed on Rocket Homes since October 10, 2023 and is currently priced at $344,900.

In April 2024, from all listings sold in Rapid City, SD there were more than 3 sold above asking price, over 20 sold below and more than 10 were sold right at the asked price. Between March 2024 and April 2024, Rapid City, SD real estate market has seen increase in the number of listings by 37.3%.

From Rocket Homes Real Estate and based on county public records data.

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