5 days on Rocket
$2,849 Closing Credit¹
#84650, Listing office: Black Hills SD Realty
$245,000 List price
405 E Watertown Rapid City, SD 57701
$2,909
Closing credit¹
Multi-Family
Property details
About 405 E Watertown
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.
Highlights
Home typeTriplex
HeatingForced Air, Natural Gas, Space Heater(s)
StatusActive
(ACTIVE)
(ACTIVE)
CoolingWindow Unit(s)
Year built1946
ParkingSee Remarks
MLS #173791
ViewCity
Summary
- Parking: See Remarks
- View: City
- Architectural Style: Up & Down
- Heating: Forced Air, Natural Gas, Space Heater(s)
- Cooling: Window Unit(s)
- List Price: $245,000
- Lot: Level
- Year Built: 1946
- MLS Number: 173791
- Office Name: CENTURY 21 CLEARVIEW REALTY
- Listing Agent: SETH MALOTT
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.
Copyright © 2025 by Black Hills Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 10:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$245,000
405 E Watertown
$2,909
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
2
General Beadle Elementary School
Public District KG-5
0.6 mi
•10 Van Buren St
2
Knollwood Heights Elementary School
Public District KG-5
0.9 mi
•1701 Downing St
3
Horace Mann Elementary School
Public District KG-5
1.4 mi
•902 Anamosa St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,305. The most common annual income of people living in Rapid City, SD is less than $<35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
70%
<35k
29%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
21%
Single, with Kids
11%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
31%
18-34 yrs old
39%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing- UFC
Figure Skating
Where do the neighbors shop?
Burlington
Family Dollar
Big Lots
Where do the neighbors go to eat?
Popeyes
Burger King
Church's Chicken
What do the neighbors drive?
Dodge
Buick
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Rapid City, SD
Rapid City's transport infrastructure includes a network of major roads and highways, such as Interstate 90, facilitating travel and commuting. Public transportation services are available, providing residents with additional options for getting around the city. The area's walkability varies, with downtown Rapid City being more pedestrian-friendly. Ride-sharing services are operational in the city, complementing the existing transport options.
The community benefits from a solid educational system, with a number of public and private schools serving the area, as well as higher education institutions like South Dakota School of Mines & Technology. Healthcare services are robust, with several hospitals and clinics providing comprehensive care. Retail and dining options reflect the local culture, offering a blend of national chains and unique local businesses.
Rapid City is celebrated for its proximity to natural landmarks and a vibrant cultural scene. The community prides itself on outdoor activities available in the nearby Black Hills and annual events that showcase the area's rich history and community spirit, such as the Black Hills Powwow and the Central States Fair.
Rapid City's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences and budgets. The architectural styles in the area range from ranch-style homes to split-levels and contemporary designs. A significant portion of the housing stock was built during the late 20th century, reflecting a period of growth and development in the city.
About 405 E Watertown
The listing price of 405 E Watertown property is $245,000.
The property 405 E Watertown is a multi located in Rapid City, South Dakota, 57701.
Active Listing: 405 E Watertown is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 405 E Watertown are: General Beadle Elementary School (GreatSchools Rating 2/10), Knollwood Heights Elementary School (GreatSchools Rating 2/10), Horace Mann Elementary School (GreatSchools Rating 3/10), North Middle School (GreatSchools Rating 3/10), South Middle School (GreatSchools Rating 3/10), West Middle School (GreatSchools Rating 5/10), Central High School (GreatSchools Rating 3/10), Stevens High School (GreatSchools Rating 6/10), Douglas High School (GreatSchools Rating 3/10).
The year of construction for 405 E Watertown is 1946.
This home is located at 405 E Watertown in Rapid City, SD and zip code 57701. Features: 0 bathroom. It has been listed on Rocket Homes since May 15, 2025 and is currently priced at $245,000.
Over 12 listings were sold over their listed price in May 2025 in Rapid City, SD. In the same period over 25 listings were sold below the listed price and 15 listings were sold for the listed price. The number of homes for sale in Rapid City, SD increased by 45.4% between April and May 2025.
From Rocket Homes Real Estate and based on county public records data.