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.
Presented By: THE REAL ESTATE GROUP, INC.
Interior Features for 722 Silver St
Other Interior Features
Total Number of Units2
Unit FeaturesAll Units, Some Units, Window Coverings, Kit/DR Combo, Pet Restrictions, Range Hood, Smoke Free, Individual Heat, Laundry Hookups, Fenced Yard
General for 722 Silver St
Auction Y/NNo
CityRapid City
CoolingNone
CountyPennington
Docs on FileList of Furnishings, Survey, Leases, Other (See Remarks), Property Disclosure
HeatingForced Air, Natural Gas, Wall Furnace
Originating MLSBlack Hills AOR
ParkingAssigned, See Remarks
Postal Code57701
Primary CityRapid City
Public RemarksThis 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
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