Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5

$219,000

722 SILVER ST, Rapid City SD, 57701

Built in1946
Property typeMulti-family

Overview

Active

Listed Sep 23, 2026

Updated 2 weeks ago

This legal nonconforming up/down duplex with a walk-out basement has been recently updated with a new roof & hot water heater in 2025 & a new basement wall heater in 2024. Unit 1 upstairs features 2 bedrooms, 3 off-street parking spaces, and a fenced front & side yard. Unit 2 downstairs features 1 bedroom, lots of extra storage, 2 off-alley parking spaces, and a fenced back yard. There is no interior stairway connecting the two units, but the rent from unit 2 could offset a substantial portion of the mortgage for anyone wanting to live in unit 1. Unit 1 tenants are leaving by 9/30/26, but have paid $940/mo the past 2 years; unit 2 tenant (Section 8 subsidized) would like to stay with her 2 cats and currently pays $825/mo (including $60/mo in pet rent). Both units have laundry hookups, but tenants supply their own washer & dryer. Upstairs tenant owns the window AC units, but downstairs window AC unit conveys with purchase. Actual income & expenses for 2025 are listed, but current rents are below market rates to minimize vacancy. Seller is willing to consider concessions to the Buyer. Listing Agent is an officer of the LLC holding this property.

$1,457/mo

Est. mortgage payment based on a $219,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

MLS provider logo

Listed by MIKE ZACHMEIER with THE REAL ESTATE GROUP, INC.
Listing Contact:  

The IDX display contains information sourced from the Black Hills Association of REALTORS® as of 9/24/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Black Hills Association of REALTORS® all rights reserved.

Data last updated on 9/24/2026 at 3:33 AM UTC

Powered by Luxury Presence