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402 E Madison Dr, Rapid City, SD 57701

Rapid City
Local realty services provided by:CENTURY 21 ClearView Realty
402 E Madison Dr,Rapid City, SD 57701
$399,500
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jim biers
Office: jim l. biers real estate
MLS#:180531
Source:SD_BHMLS

Price summary

  • Price:$399,500

About this home

2 HOMES. Projected Income Potential $43,000 Plus! BUYER'S PLEASE NOTE- Both homes must be sold as 1 unit. Please talk to your lender to see their loan qualifications for 2 homes on a property with 1 being a tri-plex. If you were to do a search for 402 E Madison only 1 of the homes shows up. Front home is a tr-plex built in 1946. Would make for a great owner-occupied property and have rental income. Property has 3 separate units with separate private entry, separate heating/AC units, separate electric meters, common utility room where each unit can have their own washer & dryer. Owner pays the gas, water & garbage. Tenants pay electric. Home electrical updated to breaker boxes. Main floor has 2 bedrooms, large living room & formal dining area. This unit normally has the option to rent the garage. Recent updates include new carpet in living room, new kitchen counter, and new tub surround. Gas forced air heating unit with electric central air. Upper-level unit is 1 bedroom unit with...

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Home facts

  • Year built:1946
  • Subdivision & Development:WISE ADD
  • Listing ID #:180531
  • Added:52 day(s) ago
  • Updated:October 07, 2026 at 03:21 PM

Heating and cooling

  • Cooling:Central
  • Heating:Electric, Forced Air, Gravity, Radiant Heat

Structure and exterior

  • Year built:1946
  • Lot Features:Corner, Flat
  • Foundation Description:Crawl Space, Poured Concrete

Finances and disclosures

  • Price:$399,500

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