315 FRANKLIN, Rapid City, SD 57701

• 3 beds |
• 2 baths |
• 1,428 sqft

Property Description

This property is a great opportunity for the right buyer, but please note that it is a fixer-upper and will need some work. Due to peeling paint and the current condition of the back deck, it will likely not qualify for VA or FHA financing, and the seller is not in a position to complete those repairs prior to closing. That said, the home has a sturdy foundation and the owners have already started the update process by removing the first layer of old basement flooring, giving the next owner a head start. The main level features 2 bedrooms, a bathroom, and a spacious open kitchen with an eat-in dining area. LVT flooring runs through most of the main level, and only minimal updates are needed to make this space move-in ready. The basement is accessed through an exterior entrance and includes the utility room, a large second kitchen area that could easily be converted into a wet bar, a separate family room, an additional bedroom, and a bathroom with a corner shower. Outside, you’ll find a large fully fenced backyard, plus a detached 2-car garage with alley access and additional parking space for up to 3 vehicles beside the garage. This home offers solid potential for someone ready to bring their vision and finish the updates already started.

Listing Status:

Active

Date Added:

April 30, 2026

Data Last Updated:

May 9, 2026 at 12:43PM

Listing Office:

RE/MAX ADVANTAGE : 605-343-7653

Listing Agent:

KRISTEN ANDREWS : 605-431-5810

MLS ID:

178762

Interior

• General: Dishwasher Built-In
• Dining: Combination
• Basement: Yes
• Flooring: OtherVinyl
• A/C: None
• Heating: Forced AirGas
• Fireplace: NoneNone

Exterior

• General: Concrete BlockFrameHardboardStuccoWood
• Style: Ranch
• Other Structures: None
• Parking: Two Car

Construction

• Roofing: Composition
• General: RanchBasementConcrete Block

Location

• HOA Amenities: OTHER
• School District: Rapid City
• County: Pennington

Lot

• Driveway: North
• Fencing: BackChain Link

Utilities

• Utilities: BHE-ElectricCable AvailableCity SewerCity WaterMDU- Gas