Rapid City, SD Apartment buildings for sale

$1,625,000

Rapid City Multifamily Investment Opportunity

123 E Nowlin St, Rapid City, SD 57701

Well-maintained 12-unit complex in growing Rapid City, South Dakota.

12‑unit complex (six duplexes) offering a significant investment opportunity in a growing market (Rapid City).
Each duplex sits on a separately plotted lot, allowing for individual sale or package sale flexibility.
Each unit features 2 bedrooms and 1 bathroom, appealing to a broad tenant base.
Tenants pay their own gas and electric utilities, reducing landlord expenses.
Units are equipped with essential appliances: stove, refrigerator, window air conditioner, gas water heater, and forced air heating.

Updated: Oct 6, 2025

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$825,000

Rapid City Multifamily Investment Opportunity

201 E Nowlin St, Rapid City, SD 57701

Well-maintained six-unit complex in growing Rapid City.

Excellent investment opportunity in growing Rapid City.
Six units (three duplexes) provide immediate rental income.
Each unit includes 2 bedrooms, 1 bathroom, stove, refrigerator, window AC, gas water heater, forced air heating, and washer/dryer hookups.
Potential to sell duplexes individually due to separate plotted lots and legal descriptions.
Tenants responsible for their own gas and electric utilities.

Updated: Dec 4, 2025

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$2,200,000

8,685 SF

Spearfish Multifamily Investment

31-Unit Apartment Complex, High Demand

230 Main St, Spearfish, SD 57783

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$659,000

4,305 SF

Spearfish 5-Plex Investment Opportunity

Five-unit apartment building in downtown Spearfish, fully occupied.

314 5Th St, Spearfish, SD 57783

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$950,999

10,395 SF

Historic Hot Springs Mixed-Use Building

Exceptional historic building with retail, residential, and garage spaces.

401 N River St, Hot Springs, SD 57747

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$1,250,000

Hot Springs Multifamily Investment Property

Section 8 multifamily property in Hot Springs, South Dakota.

1601 Evanston Ave Ave, Hot Springs, SD 57747

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Explore Off-Market Properties in Rapid City, SD

Consider similar Off-Market properties in Rapid City, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1018 11th St

HIGH-RISE APARTMENTS • 6,868 SF

Value Estimation

$450,000

1018 11th St, Rapid City, SD 57701-3416

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1617 Debra Dr

HIGH-RISE APARTMENTS • 12,702 SF

Value Estimation

$600,000

1617 Debra Dr, Rapid City, SD 57702-1007

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330 Philadelphia St

HIGH-RISE APARTMENTS • 7,556 SF

Value Estimation

$340,000

330 Philadelphia St, Rapid City, SD 57701-1810

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636 Cathedral Dr

HIGH-RISE APARTMENTS • 9,678 SF

Value Estimation

$465,000

636 Cathedral Dr, Rapid City, SD 57701-5438

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2006 Promise Rd

HIGH-RISE APARTMENTS • 23,278 SF

Value Estimation

$1,100,000

2006 Promise Rd, Rapid City, SD 57701

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Rapid City, SD Apartment Buildings Investment Opportunities Market Analysis

Explore 7 apartment buildings for sale in Rapid City, SD on our real estate platform. These investment opportunities span a total of 922,602 square feet of properties for sale, with an estimated market value of $2,450,000.

Prices for two-family homes in Rapid City, SD start at $0.00, averaging $306,250, and reaching up to $1,625,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

Rapid City, SD Apartment Buildings for Sale

Rapid City Multifamily Investment Opportunity

Well-maintained 12-unit complex in growing Rapid City, South Dakota.

Rapid City Multifamily Investment Opportunity

Well-maintained six-unit complex in growing Rapid City.