421 SPRUCE

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Address: 421 Spruce St, Rapid City, SD 57701, USA
Chicago & Midwest + Apartment Buildings
Created date: October 5, 2026
Date last updated: October 5, 2026
Price: $135,000Investment Analyzer NEW!

Property Description

Listed by Charlea Svenson, Engel & Volkers Black Hills,. Investment opportunity featuring two homes on one lot! This property includes 421 Spruce, a 4 bedroom, 2 bath home, and 415 Spruce, a 2 bedroom, 1 bath home. Repairs and renovations are needed, making this a wonderful opportunity for investors, contractors or buyers looking for a value-add project. Property is being sold AS-IS. With two separate residences on one lot, the property offers excellent potential for rental income, multigenerational living, or resale after renovation.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $135,000
Year Built: 1946
Opportunity Zone: No
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 421 SPRUCE, Rapid City, SD 57701, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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