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605.858.0717 

$725,000
ACTIVE
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Specification
TypeFourplex
MLS #175547
HeatingElectric
Publication dateDec 27, 2025
Lot size0.27 acres
SubdivisionHUGHES TRACT
Year built1987
Property ID: 13129
Updated: Nov 16, 2025
Investment Opportunity... Rare fourplex by Canyon Lake! This westside Rapid City located westside four-plex brings in consistent rental income with extremely low vacancy rate. Each unit has 2 bedrooms, 1 bathroom, and full kitchen. Separately metered units with electric baseboard & cove heat. One tenant said it averages around $100 per month. Large 918 sf units per DOE. All four units are fully occupied 1-year leases with 60-day notice. Units 1 & 2 are upstairs. Units 3 & 4 are downstairs. Separate coin laundry available with keyed entrance. Bottom two units have recently been remodeled. Owner pays gas ($174 total last year), water, sewer & trash ($3,001 in '24). Tenant pays electricity. Unit four bathroom is handicap accessible. Photos from Unit 1. Other unit photos available. One other unit has newer trim/doors etc. Lakeview is one street North of Jackson Blvd. Easy walk to Canyon Lake Park and the bike path! 3,712 sf per County, priced at only $205 per foot! Cost of new construction might be $300-400/ft, let alone trying to find a a multi-family westside lot.
4002 LAKEVIEW DR, Rapid City, SD, 57702, United States
Investment Opportunity... Rare fourplex by Canyon Lake! This westside Rapid City located westside four-plex brings in consistent rental income with extremely low vacancy rate. Each unit has 2 bedroo… Read more
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