1306 4th St
Rapid City, SD 57701
- Studio
$245,000
$245,000
Studio
We estimate this home will sell faster than 92% nearby.
Local Information
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Description
This perfectly located vertical tri-plex sits within walking distance of downtown. All 3 units offer 2 beds, 1 bath, in unit laundry, and separate electric and gas meters. An abundance of off street parking for tenants. Some units have recent updates including windows, flooring, appliances, and so much more! This investment opportunity would be perfect for a first time investor looking to live in one unit and rent out the other 2 or the ideal property that puts off good cash flow to start a real estate investment portfolio.
We estimate this home will sell faster than 92% nearby.
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
3 days ago
Home Details for 1306 4th St
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Interior Details Basement: Finished |
Appliances & Utilities Utilities: Separate MetersAppliances: Refrigerator, Range/Oven, Individual Water HeatersRefrigerator |
Heating & Cooling Heating: Electric,Forced Air,Natural Gas,Space Heater,Wall Furnace,BaseboardHas CoolingAir Conditioning: Wall Unit(s),Window Unit(s)Has HeatingHeating Fuel: Electric |
Windows, Doors, Floors & Walls Door: Dead Bolt Locks |
View Has a ViewView: City, Trees/Woods |
Security Security: Smoke Detector(s) |
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Exterior Home Features Roof: CompositionExterior: Balcony/Deck, Private EntranceFoundation: Basement |
Parking & Garage No CarportNo GarageHas Open ParkingParking: On Street,See Remarks |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 3 |
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Year Built Year Built: 1923 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Triplex |
Building Construction Materials: Hardboard |
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Price List Price: $245,000 |
Status Change & Dates Possession Timing: Negotiable |
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MLS Status: ACTIVE |
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Direction & Address City: Rapid CityCommunity: Flormann |
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Listing Agent Listing ID: 178814 |
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Lot Area: 6969.6 sqft |
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Listing Terms: Cash, New Loan |
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Lease Term: Month To Month, 12 Months |
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BasementMls Number: 178814 |
Last check for updates: about 17 hours ago
Listing courtesy of CAMERON B CUMMINGS
COLDWELL BANKER BLACK HILLS LEGACY
Source: Black Hills AOR, MLS#178814

Also Listed on Black Hills AOR.
Price History for 1306 4th St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/04/2026 | $245,000 | Listed For Sale | Black Hills AOR #178814 |
| 05/04/2026 | $275,000 | ListingRemoved | Black Hills AOR #177586 |
| 05/04/2026 | $275,000 | PendingToActive | Black Hills AOR #177586 |
| 04/16/2026 | $275,000 | Contingent | Black Hills AOR #177586 |
| 04/14/2026 | $275,000 | PriceChange | Black Hills AOR #177586 |
| 02/20/2026 | $285,000 | Listed For Sale | Black Hills AOR #177586 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,894 |
| Assessment | $218,500 |
Home facts updated by county records
Comparable Sales for 1306 4th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.36 | Multi-Family Home | $235,000 | 06/20/25 | 4 | - | 1,504 | |
0.89 | Multi-Family Home | $520,000 | 03/10/26 | 7 | - | 3,451 | |
0.93 | Multi-Family Home | $169,000 | 12/19/25 | 3 | - | 1,768 | |
1.22 | Multi-Family Home | $220,000 | 04/17/26 | 5 | - | 2,352 | |
1.21 | Multi-Family Home | $278,000 | 10/02/25 | 6 | - | 2,464 | |
1.32 | Multi-Family Home | $164,000 | 11/26/25 | 3 | - | 840 | |
1.32 | Multi-Family Home | $662,000 | 05/04/26 | 8 | - | 4,374 | |
1.49 | Multi-Family Home | $273,000 | 01/26/26 | 6 | - | 1,256 | |
1.41 | Multi-Family Home | $325,000 | 05/09/25 | - | 2,120 |
Assigned Schools
These are the assigned schools for 1306 4th St.
What Locals Say about Rapid City
At least 312 Trulia users voted on each feature.
92 % Say car is needed
88 % Say it's dog friendly
83 % Say parking is easy
81 % Say there are sidewalks
78 % Say yards are well-kept
73 % Say there's holiday spirit
69 % Say kids play outside
67 % Say there's wildlife
64 % Say it's quiet
64 % Say people would walk alone at night
54 % Say streets are well-lit
51 % Say neighbors are friendly
42 % Say they plan to stay for at least 5 years
28 % Say it's walkable to restaurants
28 % Say it's walkable to grocery stores
27 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
CAMERON B CUMMINGS, COLDWELL BANKER BLACK HILLS LEGACY

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.
1306 4th St, Rapid City, SD 57701 is a studio multi-family built in 1923. This property is currently available for sale and was listed by Black Hills AOR on May 4, 2026. The MLS # for this home is MLS# 178814.

