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Rapid City, SD 57702 4002 Lakeview Dr

4002 Lakeview Dr Rapid City, SD - Image 14002 Lakeview Dr Rapid City, SD - Image 24002 Lakeview Dr Rapid City, SD - Image 3
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4002 Lakeview Dr Rapid City, SD - Image 44002 Lakeview Dr Rapid City, SD - Image 54002 Lakeview Dr Rapid City, SD - Image 64002 Lakeview Dr Rapid City, SD - Image 74002 Lakeview Dr Rapid City, SD - Image 84002 Lakeview Dr Rapid City, SD - Image 94002 Lakeview Dr Rapid City, SD - Image 104002 Lakeview Dr Rapid City, SD - Image 114002 Lakeview Dr Rapid City, SD - Image 124002 Lakeview Dr Rapid City, SD - Image 134002 Lakeview Dr Rapid City, SD - Image 144002 Lakeview Dr Rapid City, SD - Image 154002 Lakeview Dr Rapid City, SD - Image 164002 Lakeview Dr Rapid City, SD - Image 17
Presented By: SUN REAL ESTATE
  • MLS# 175547
  • 09/04/2025
  • Request Tour
  • Request Info

Home Details

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.
Presented By: SUN REAL ESTATE

Interior Features for 4002 Lakeview Dr

Other Interior Features

Total Number of Units4
Unit FeaturesAll Units

General for 4002 Lakeview Dr

Auction Y/NNo
CityRapid City
ConstructionFrame, Hardboard
CoolingElectric, Wall
CountyPennington
Docs on FileOther
HeatingElectric, Baseboard, Other
MiscellaneousSeparate Meters
ParkingPaved
Postal Code57702
Primary CityRapid City
Public RemarksInvestment 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 bedro
RoofComposition
SewerCity
StatusACTIVE
Status Detail0
Style2 Story
SubdivisionHUGHES TRACT
SubdivisionSD
TypeFourplex
ViewCity
WILL SELLCash, New Loan
WaterCity
Year Built1987
ZoningConforming

Exterior for 4002 Lakeview Dr

FoundationSlab, Poured Concrete
Lot Dimensions.27
Lot TypeFlat

Additional Details

Price History

Jerilyn Suridis

Broker Associate
Price $750,000
MLS#175547
List Date 09/04/2025
Property Type Multi-Family
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