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118 E Signal Dr, 
Rapid City, SD 57701

$198,900

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Mike Zachmeier

The Real Estate Group, Inc.

605-343-8800

Last updated:

September 23, 2026, 10:04 PM

MLS#

181156

Source:

SD BHMLS

About This Home

118 E Signal Dr

This frame stucco, nonconforming side-by-side duplex could also work for multi-generational families. Unit 118 features 2 bedrooms, a backyard shed, and a fenced backyard with parking on the street. Unit 120 features 2 bedrooms, a fenced back yard, a shared driveway & 1-stall garage. There is a blocked doorway connecting the two units that could possibly be reopened if desired. Unit 118 tenant broke the lease in September, but was paying $895/mo; unit 120 tenant plans to leave sometime in October and currently pays $925/mo. Laundry hook-ups are in place, but tenants supply their own washer, dryer, and window AC units. Actual income (including late fees) & expenses for 2025 are listed, providing a cap rate of >8%. Listing Agent is an officer of the LLC holding this property.

Home Facts

Multi-Family

Built in 1952

Subdivision & Development:

OTHER

Price Summary

198,900

MLS #:

181156

Last Updated:

September 23, 2026, 10:04 PM

Added:

1 day(s) ago

Structure

Structure

Year Built:

1952

Finances & Disclosures

Finances

Price:

$198,900

Source:SD BHMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.