405 E. Watertown Street

Rapid City, South Dakota

This solid investment property features three distinct units, all currently occupied by long-term tenants responsible for their own gas and electric. The main floor unit offers a functional layout with a living room, kitchen, full bathroom, and two bedrooms, while the upstairs studio apartment boasts newer carpet, fresh paint, an updated kitchen, and recently redone steps and patio access. The basement unit includes a living room, full kitchen, bedroom, and bathroom, with shared laundry facilities that present an opportunity for additional revenue through coin-operated machines. Recent upgrades include a new sump pump, floor drain, and sewer lift station to prevent potential backups, ensuring low-maintenance ownership. With additional off-street parking available behind the property and all units generating steady rental income, this triplex is a turnkey investment at an attractive price point.