722 Silver St, Rapid City, SD 57701
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Property image
FOR SALE

$219,000

  • Studio

722 Silver St, Rapid City, SD 57701

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Home Highlights

Multi-Family
Built in 1946

Local Information

  • Map ViewExplore the area around 722 Silver St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Walk-out basement
This legal nonconforming up/down duplex with a walk-out basement has been recently updated with a new roof & hot water heater in 2025 & a new basement wall heater in 2024. Unit 1 upstairs features 2 bedrooms, 3 off-street parking spaces, and a fenced front & side yard. Unit 2 downstairs features 1 bedroom, lots of extra storage, 2 off-alley parking spaces, and a fenced back yard. There is no interior stairway connecting the two units, but the rent from unit 2 could offset a substantial portion of the mortgage for anyone wanting to live in unit 1. Unit 1 tenants are leaving by 9/30/26, but have paid $940/mo the past 2 years; unit 2 tenant (Section 8 subsidized) would like to stay with her 2 cats and currently pays $825/mo (including $60/mo in pet rent). Both units have laundry hookups, but tenants supply their own washer & dryer. Upstairs tenant owns the window AC units, but downstairs window AC unit conveys with purchase. Actual income & expenses for 2025 are listed, but current rents are below market rates to minimize vacancy. Seller is willing to consider concessions to the Buyer. Listing Agent is an officer of the LLC holding this property.
Last check for updates: about 12 hours ago
Listing courtesy of MIKE ZACHMEIER, (520) 305-1109
THE REAL ESTATE GROUP, INC.
Source: Black Hills AOR, MLS#181152

Home Details for 722 Silver St

Interior Features

Interior Details
Basement: Walk-Out Access
Heating & Cooling
Heating: Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air
Windows, Doors, Floors & Walls
Window: Window Coverings
Levels, Entrance, & Accessibility
Entry Location: More Than One/Unit
View
Has a View
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: CompositionExterior: Private EntranceFoundation: Block
Parking & Garage
No CarportNo GarageParking: See Remarks
Frontage
Not on Waterfront
Water & Sewer
Sewer: City (at site)

Days on Market

Days on Market: 47

Property Information

Year Built
Year Built: 1946
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Duplex

Price & Status

Price
List Price: $219,000
Status Change & Dates
Possession Timing: Immediate, See Remarks, Subject To Tenant Rights

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Rapid CityCommunity: Other

Agent Information

Listing Agent
Listing ID: 181152

Lot Information

Lot Area: 5250 sqft

Miscellaneous

BasementMls Number: 181152

Price and Tax history

DateEventPrice
Sep 23, 2026
Source: Black Hills AOR #181152
Listed For Sale
$219,000
May 24, 2019
Source: N/A
Sold
$140,000

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Rapid City

At least 315 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

  • 65 % Say people would walk alone at night

  • 64 % Say it's quiet

  • 54 % Say streets are well-lit

  • 51 % Say neighbors are friendly

  • 42 % Say they plan to stay for at least 5 years

  • 29 % Say it's walkable to restaurants

  • 28 % Say it's walkable to grocery stores

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Nubia Quinonez
    "15 minutes to every thing"
    0
    Flag
  • Taylor Weathers
    "The area is nice, crime is really low, some areas are alittle run down but majority of the city and surrounding area is beautiful. I’m told the schools are good and there’s plenty for children to do around here. Plenty outdoor activities "
    1
    Flag
  • Michelle B
    "It’s a neighborhood 20+ years old, so there is space between houses and they don’t all look alike. Parkview park is only 2 blocks away with a pool, play area and softball fields. "
    0
    Flag
  • Aereal Willhoite
    "Rapid City is an outdoor enthusiast dream city to live plenty of stuff to do for everyone with their different personalities"
    0
    Flag
  • Jefffrazier
    "It’s not my “neighborhood”. We are renting a cabin here for the winter. The locals are not as friendly as we might have imagined. We are probably seen as outsiders. Given the beauty and blessings involved with this place, I can’t blame them. "
    0
    Flag
  • Jefffrazier
    "Few sidewalks, but drivers seem to be appropriately cautious when encountering wildlife and/or pets. "
    0
    Flag
  • jon.g.fleming
    "I work from home but my old commute was around 20 minutes in light traffic most mornings and evenings."
    0
    Flag
  • S.d.beckfamily
    "There are a lot of dog walkers in the area. We have a beautiful park in walking distance from our home. Also a nice dog park a short drive away. "
    9
    Flag
  • Lisalpog
    "The Southside of rapid city is one of the better part of town to live in. I live in the Newest part of the southside and it’s relatively quiet. Other than if you live close to Cattron which my building is located close to Catherine and sometimes you can hear the traffic. Other than that it’s great"
    12
    Flag
  • Chandlor M.
    "Fun place to live and have a family great schools great neighbors well maintained yards snow removal is a little lacking but you can get past it "
    1
    Flag
  • Rex
    "We have fireworks during the 4th of July. There is also pancake suppers for fundraiser for the Rapid Valley Fire department. "
    0
    Flag
  • Berto B. O.
    "The city is small and more laid back. People are mostly nice. There are a lot of outdoor activities to do in each season."
    6
    Flag
  • Chassidysieveke
    "Most people keep to themselves. It is very safe neighborhood for kids tho. Most houses have large lots."
    0
    Flag
  • Lori F.
    "The neighborhood really enjoys Fourth of July the celebration goes on for days upon days! Lots of neighbors love to shoot fireworks which is great to sit outside and watch with the kids at night, gives everyone an extra show both before and after the big show on the Fourth of July! "
    0
    Flag
  • Lakotaprarireheart
    "dogs are leashed and owners are very responsible for their dogs neighborhoods are well maintained people are very friendly "
    6
    Flag
  • Jay Sie
    "Some neighbors are friendly & considerate. Some aren’t. Nice place to live. The roads need to be maintained better. The parks could use some clean up. "
    1
    Flag
  • Heather T.
    "Grandview, and Robbinsdale are great schools. Teachers are dedicated to see all students succeed . "
    2
    Flag
  • Elliott B.
    "Parents should recommend new kids to the area to hang out at the local park parking lot lots of kids down there"
    5
    Flag
  • Brandi B.
    "From what I'm told from tourist, we are very friendly and welcoming town. Also that our surrounding areas, the Black Hills, is gorgeous."
    0
    Flag
  • Trulia User
    "Rapid valley is a very kid and dog friendly community, most of the neighbors take pride in their homes and yards. You see kids walking to and from school and lots of people walking babies in strollers it seems to be a safe area and the people love to celebrate the holidays. So if this meets what you are looking for in a neighborhood then the valley is the place for you! Good luck house hunting!!"
    0
    Flag
  • Lori F.
    "Friendly lots of dog walkers and people walking babies and young kids an elementary school is centrally located within the neighborhood overall a quiet place to live "
    0
    Flag
  • Natalia H.
    "we moved to Auburn Hills in August 2018. the neighbors are very nice and friendly. this winter everybody helped with clearing snow and working together. I wish we had a better school near by"
    0
    Flag
  • Craig
    "The lots are all fairly large, with at least 1/2 acre each. The area is very family and pet friendly, with common playground areas and walking paths through the open fields."
    0
    Flag
  • Carmen E. B.
    "Lots of other animals in the neighborhood but people are rude about picking up dog poop I’ve noticed!"
    0
    Flag
  • Lori F.
    "Lots of dog walkers in the neighborhood, kids playing outside, especially since there’s an elementary school a couple blocks away, normally a very quiet neighborhood a good mix of established residents and new property owners. Convenience of gas stations and a dollar tree within five minutes of the house for those last minute items that were forgotten at the store. Convenient location for stores, strip malls or even the mall within ten minutes. Great location to have rapid city at your fingertips without having to be right in the middle and having to deal with rush hour traffic"
    0
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  • Kayla C.
    "My neighborhood has many apartment developments. It’s a nice residential part of town with stores close by. "
    6
    Flag
  • Briann P.
    "my part of town is close to both down town and a Walmart. also not far from fast food restaurants. Close to three churches "
    3
    Flag
  • Lori F.
    "Very dog friendly neighborhood lots and lots of dog walkers! Very friendly area to live in. Overall low traffic area except when school lets out, but it is convenient for families with younger kids"
    0
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  • Lori
    "Quiet neighborhood typically without issue reasonable place to live cost wise. Convenient location to gas stations and interstate. Lots of younger kids very close to an elementary school. Good location for young families and first time buyers! Large lots per house. Nice to have more space than the newer neighborhoods offer. Usual lot size is a half acre or more!! "
    0
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  • Lori F.
    "Fourth of July is spectacular very neighborly nice place to live especially for young families with young kids school within walking distance "
    0
    Flag
  • Tyehjohnson
    "There’s a dog park, a pool, hot tub, and a gym all right here. All the dog owners are very friendly and encourage positive interaction with other dogs/owners. "
    0
    Flag
  • Njjoyce1981
    "Family friendly community just stay away from north rapid after dark. Not the best place to be at night especially alone by yourself."
    7
    Flag
  • Lori F.
    "There’s an elementary school in the neighborhood good for young families quiet community to live in low crime rate people love to celebrate the Fourth of July here! Everyone has been very friendly new to the area "
    0
    Flag

Market trends in Rapid City

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$383K
$8KMoM
Sale-to-List Price
98.6%
0.1%MoM
Price per sq ft
$212
$2MoM
Available listings
490
51MoM
Sourced by Trulia Market Trends

Home Value

Trulia Estimate
$205K
Since last month
Decreased$9K (-4.1%)
Since last year
Decreased$6K (-3%)
Since last sale
Increased$65K (+46.4%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +139% in the last 10 years
MonthEstimated value
2026
November 2026$205K
October 2026$205K
September 2026$214K
August 2026$216K
July 2026$219K
June 2026$221K
May 2026$219K
April 2026$217K
March 2026$215K
February 2026$210K
January 2026$208K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
724 Silver St, Rapid City, SD 57701
0.01
$212,600
3
2
-
Off Market
718 Silver St, Rapid City, SD 57701
0.01
$207,200
3
1
1,680
Off Market
718 Silver Street, rapid city, SD 57701
0.01
$219,700
4
1
1,680
Off Market
721 Gold St, Rapid City, SD 57701
0.01
-
Studio
-
672
Off Market
Gold St, Rapid City, SD 57701
0.01
-
-
-
-
Off Market
728 Silver St, Rapid City, SD 57701
0.01
$167,900
1
1
560
Off Market
730 Silver St, Rapid City, SD 57701
0.02
$185,000
2
2
936
Off Market
712 Silver St, Rapid City, SD 57701
0.02
$148,400
2
1
784
Off Market
725 Gold St, Rapid City, SD 57701
0.03
-
-
-
-
Off Market
Gold St, Rapid City, SD 57701
0.03
-
-
-
-
Off Market
Gold St, Rapid City, SD 57701
0.03
-
-
-
-
Off Market
Gold St, Rapid City, SD 57701
0.03
-
-
-
-
Off Market
727 Gold St, Rapid City, SD 57701
0.03
-
-
-
-
Off Market
731 Gold St, Rapid City, SD 57701
0.04
-
1
1
1,891
Off Market
731 Gold St #6, Rapid City, SD 57701
0.04
-
1
1
-
Off Market
731 Gold St #4, Rapid City, SD 57701
0.04
-
2
1
-
Off Market
731 Gold St #1, Rapid City, SD 57701
0.04
-
2
1
-
Off Market
719 Silver St, Rapid City, SD 57701
0.04
$647,000
Studio
-
2,304
Off Market
719 Silver St #3, Rapid City, SD 57701
0.04
$215,300
2
1
-
Off Market
719 Silver St #4, Rapid City, SD 57701
0.04
-
2
2
-
Off Market

LGBTQ Local Legal Protections

MIKE ZACHMEIER, THE REAL ESTATE GROUP, INC.
Agent Phone: (520) 305-1109
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.

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Frequently asked questions about 722 Silver St

  • What is the estimated monthly payment for 722 Silver St?
    Based on a $219,000 list price with 20% down at today's rates, the estimated monthly payment for 722 Silver St in Rapid City, SD is approximately $1,442 (about $1,183 principal & interest, $184 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 722 Silver St compare to homes in Rapid City?
    722 Silver St in Rapid City, SD is listed at $219,000, about 43% below the $383K median sale price in Rapid City.
  • What do residents say about Rapid City?
    Residents describe Rapid City, SD as dog-friendly, easy to park in, and pedestrian-friendly. See homes for sale in Rapid City, SD.
  • What are the closest schools to 722 Silver St?
    The closest schools to 722 Silver St in Rapid City, SD are Central High School - 41 (rated 2/10), Horace Mann Elementary - 07 (rated 2/10), North Middle School - 35 (rated 2/10).
  • Does 722 Silver St have parking?
    Yes, 722 Silver St in Rapid City, SD has on-site parking.
722 Silver St, Rapid City, SD 57701 is a studio multi-family built in 1946. This property is currently available for sale and was listed by Black Hills AOR on Sep 23, 2026. The MLS # for this home is MLS# 181152.