USD $1,625,000
123 E NOWLIN, Rapid City, SD, 57701, US
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Listing Courtesy of  ENGEL & VOELKERS BLACK HILLS, LLC
AM-5072241
MLS#: 173023
Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 12-unit complex (six duplexes) offers a fantastic opportunity for investors. Each 2-bedroom, 1-bathroom unit includes a stove, refrigerator, window air conditioner, gas water heater, and forced air heating, along with washer/dryer hookups for added convenience. Some units have been
upgraded with LVT flooring in the living room and kitchen. Additional features include alley access and off-street parking. Tenants pay their own gas and electric utilities. Each duplex sits on a separately plotted lot with its own legal description, providing the flexibility to sell them individually or as a complete package. Don’t miss out on this incredible investment opportunity!
upgraded with LVT flooring in the living room and kitchen. Additional features include alley access and off-street parking. Tenants pay their own gas and electric utilities. Each duplex sits on a separately plotted lot with its own legal description, providing the flexibility to sell them individually or as a complete package. Don’t miss out on this incredible investment opportunity!
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Listing Highlights

  • Subtype

    Multi Family
  • View

    City
  • Year Built

    1963
  • Architectural Style

    1 Story
  • Heating

    Forced Air
  • Cooling

    Window Unit(s), Electric
  • County

    Pennington
  • Subdivision

    NOWLIN & WOOD

Property Details

  • Interior Features

      Interior Features

    • Window Features: Window Coverings
    • Security Features: Smoke Detector(s)
    • Appliances

    • Range
    • Oven
    • Refrigerator
    • Heating & Cooling

    • Heating: Forced Air
    • Cooling: Window Unit(s), Electric
  • Utilities
    Utilities
    Natural Gas Available
    Water Source
    Public
    Sewer
    Public Sewer
  • Exterior Features
    Lot Features
    Level
  • Construction
    Property Type
    Residential Income
    Construction Materials
    Wood Siding
    Year Built
    1963
    Property Subtype
    Multi Family
    Foundation Details
    Slab
    Architectural Style
    1 Story
    Roof
    Other

Location

  • SD
  • Rapid City
  • 57701
  • Pennington
  • 123 E NOWLIN

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Down Payment

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$9,483.06

This payment calculator provided by Engel & Völkers and is intended for educational and planning purposes only. * Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Black Hills Association of Realtors

Updated: April 7, 2025 12:10 PM