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Sold on 05/04/2026

5400 Cedar Dr, Black Hawk, SD 57718

$449,000

Last sold 05/04/2026 after 325 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 5400 Cedar Dr

Property type Multi-family
Neighborhood
Year built 1990
HOA fee $0/month
Property description
Turnkey 4-unit multifamily in Black Hawk, SD — all 1 bed, 1 bath units This well-maintained property offers a strong rental history with a consistent 0–5% vacancy rate and reliable tenant retention. Located just minutes from Rapid City and Ellsworth AFB, it’s ideal for commuters and working professionals. Each unit has a private entrance, ample parking, and modern finishes where updated. Low maintenance, easy to manage, and positioned in a high-demand rental market, this property is a solid opportunity for investors seeking stable cash flow with upside potential.
Listed by
Listing Office - Berkshire Hathaway HomeServices Midwest Realty
Source: Mount Rushmore Area Association of REALTORS® mls logo
MLS#84855 • last updated 6 months ago
Movoto checked Mount Rushmore Area Association of REALTORS® for data 4 days ago
Overview
Cooling/AC MiniSplit, Refrig. C/Air
Heating Electric, Cove, MiniSplit
Levels/Style Up & Down
MLS # 84855
Status 3
Type Fourplex
Year Built 1990
Exterior
Exterior Features Paved Street, Unpaved Street
Roof Composition
Construction Frame
Amenities / Utilities
HOA Fee Includes Lawn Maintenance, Trash Service
Location
Area Black Hawk
Multifamily Details
Owner Pays See Remarks
Total # of Units 4
We are not permitted to show value estimates for this property.
  • Jul 2025
    mls logo MLS # 84855
  • Jul 23, 2025 Price Change
    $449,000 (-10.2%)
  • Jun 30, 2025 Price Change
    $499,900 (-14.5%)
  • Jun 13, 2025 Listed
    $585,000 (+225.0%)
  • Year Property taxes Tax assessment
  • 2025
    $2,758 +7.2%
    $215,399
  • 2024
    $2,572 +6.6%
    $215,399 +1.51%
  • 2023
    $2,412
    $212,198 +12.33%
  • 2022
    $2,412 +5.8%
    $188,900 +16.53%
  • 2021
    $2,280
    $162,099
  • 5400 Cedar Dr
    $449K
  • Black Hawk
    —
  • 57718
    $419K 0% y/y
  • Black Hawk
    $394K -34% y/y
No chart available
Statistics calculated by Movoto

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5/10
West Middle School - 37
public Grades 6-8
Rapid City Area School District 51-4
6/10
Stevens High School - 42
public Grades 9-12
Rapid City Area School District 51-4
Source: GreatSchools.org © 2026. All rights reserved.

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