Location, Location! This 4plex is located in the serene neighborhood of Chapel Valley within walking distance to Canyon Lake Park, State Fish Hatchery, Stav Kirke Chapel, next door to the HOA tennis courts and raised-bed garden. Each unit is 2 bedroom/1 bathroom 920 sq ft, with central heat and air conditioning, washer/dryer, with paved, off-street parking within 20 feet of each apartment and a front and side entrance. Three of the units have been completely updated with new bathroom fixtures, new carpet, fresh paint throughout, new laundry hook-ups. Vacancies only during remodel, otherwise never an empty unit. Apartments are being built all over Rapid City except the Southwest area, particularly there are few opportunities for rental units in neighborhoods on the South side of Jackson Blvd. Diversify your investment portfolio by owning income properties in SW Rapid City, CAP rate of 5.5% at current rental rates.
The 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.
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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
6
/10
Meadowbrook Elementary - 10
3125 W Flormann St
Distance between this listing and this school1.41 miles
Public District Grades KG-5
Middle School
7
/10
Southwest Middle School - 38
4501 Park Dr
Distance between this listing and this school1.11 miles
Public District Grades 6-8
High School
6
/10
Stevens High School - 42
1200 44th St
Distance between this listing and this school1.64 miles
Public District Grades 9-12
Assigned Schools
6
/10
Meadowbrook Elementary - 10
3125 W Flormann St
Distance between this listing and this school1.41 miles
Public District Grades KG-5
Nearby Schools
8
/10
Corral Drive Elementary - 21
4503 Park Dr
Distance between this listing and this school1.11 miles
Public District Grades KG-5
4
/10
Canyon Lake Elementary - 04
1500 Evergreen Dr
Distance between this listing and this school1.68 miles
Public District Grades KG-5
Assigned Schools
7
/10
Southwest Middle School - 38
4501 Park Dr
Distance between this listing and this school1.11 miles
Public District Grades 6-8
Nearby Schools
5
/10
West Middle School - 37
1003 Soo San Dr
Distance between this listing and this school1.77 miles
Public District Grades 6-8
3
/10
South Middle School - 36
2 Indiana St
Distance between this listing and this school3.93 miles
Public District Grades 6-8
Assigned Schools
6
/10
Stevens High School - 42
1200 44th St
Distance between this listing and this school1.64 miles
Public District Grades 9-12
Nearby Schools
3
/10
Central High School - 41
433 North 8th
Distance between this listing and this school4.06 miles
Public District Grades 9-12
3
/10
Douglas High School - 03
420 Patriot Dr
Distance between this listing and this school12.82 miles
The neighbors living near this home have an average income of $103,470. Residents of Rapid City, SD typically earn between $35k-100k each year. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
This home is located at 3454 Chapel Ln in Rapid City, SD and zip code 57702. This home was built in 1978. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $629,000.
Over 3 listings were sold over their listed price in April 2024 in Rapid City, SD. In the same period over 20 listings were sold below the listed price and 10 listings were sold for the listed price. The number of listings in Rapid City, SD increased by 37.3% between March 2024 and April 2024.
From Rocket Homes Real Estate and based on county public records data.