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118 E Signal Dr

Rapid City, SD 57701
  • $198,900
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 181156
UPDATED: 31 min ago
$198,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:
Area:

School Ratings & Info

Description

This frame stucco, nonconforming side-by-side duplex could also work for multi-generational families. Unit 118 features 2 bedrooms, a backyard shed, and a fenced backyard with parking on the street. Unit 120 features 2 bedrooms, a fenced back yard, a shared driveway & 1-stall garage. There is a blocked doorway connecting the two units that could possibly be reopened if desired. Unit 118 tenant broke the lease in September, but was paying $895/mo; unit 120 tenant plans to leave sometime in October and currently pays $925/mo. Laundry hook-ups are in place, but tenants supply their own washer, dryer, and window AC units. Actual income (including late fees) & expenses for 2025 are listed, providing a cap rate of >8%. Listing Agent is an officer of the LLC holding this property.

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© 2026 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. Data last updated: 2026-10-09T16:16:21.633.
www.blackhillshomesd.com/homes/181484068
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118 E Signal Dr Rapid City, SD 57701

  • Price: $198,900
  • Status: Active
  • On Site: 15 Days
  • Updated: 31 min ago
  • MLS #: 181156
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1952
Built
Neighborhood:
Other
County:
Pennington
Area:
Other
Property Description
This frame stucco, nonconforming side-by-side duplex could also work for multi-generational families. Unit 118 features 2 bedrooms, a backyard shed, and a fenced backyard with parking on the street. Unit 120 features 2 bedrooms, a fenced back yard, a shared driveway & 1-stall garage. There is a blocked doorway connecting the two units that could possibly be reopened if desired. Unit 118 tenant broke the lease in September, but was paying $895/mo; unit 120 tenant plans to leave sometime in October and currently pays $925/mo. Laundry hook-ups are in place, but tenants supply their own washer, dryer, and window AC units. Actual income (including late fees) & expenses for 2025 are listed, providing a cap rate of >8%. Listing Agent is an officer of the LLC holding this property.
Exterior Features

Construction FrameOther (See Remarks) Entrance More Than One/UnitPrivate Entrance Lot Size Irreg (0.15 ac) Lot Type FlatInterior Parking GarageStreet Roofing Composition View Neighborhood

Interior Features

Cooling None Foundation Slab Heating Forced AirNatural Gas

Property Features

Auction YN No Documents On File Owner Operating StmtList of FurnishingsSurveyLeasesFinancialsProperty Disclosure Features All UnitsSome UnitsWindow CoveringsPatioLR/DR ComboKit/DR ComboSmoke FreeIndividual Water HeatersIndividual HeatLaundry HookupsFenced Yard Multifamily Type Duplex Possession ImmediateSee RemarksSubject to Tenant Safety Features Smoke Detectors Sewer City (at site) Tenancy Type Month to Month Vacancy Rate 0 - 5% Water City (at site) Zoning Non-conforming

© 2026 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Mike Zachmeier of THE REAL ESTATE GROUP, INC.: 605-343-8800.


© 2026 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Black Hills. Data last updated: 2026-10-09T16:16:21.633.
 
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Keller Williams Realty Black Hills
2401 W Main Street
Rapid City SD, 57702