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Rapid City, SD Apartment Buildings for Sale

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Rapid City Apartment Investment Opportunity

$999,500

5,198 SF

Rapid City Apartment Investment Opportunity

811 Mallow Street, Rapid City, SD 57701

Eight-unit apartment complex in central Rapid City with high occupancy.

High occupancy rate and consistent rental history.
Eight‑unit apartment complex built in 2005.
Combination of 2 and 3 bedroom units with in‑unit laundry and separate electric meters.
Recent preventative maintenance including newer roof and water heater replacements.
Ground level units are zero‑entry for accessibility.

Updated: Mar 27

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Rapid City Multifamily Investment Property

$990,000

0.16 Acres

Rapid City Multifamily Investment Property

10 E Quincy Street, Rapid City, SD 57701

8-unit multifamily property near downtown and School of Mines.

Prime location near South Dakota School of Mines & Technology and downtown Rapid City.
8‑unit multifamily property in a consistently occupied rental corridor.
Diverse unit mix: studios, 2‑bedroom, and 3‑bedroom units.
Strong rental income potential: $650-$1,500/month per unit.
Off‑street parking and common laundry available.

Updated: Mar 23

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Rapid City Multifamily Value-Add Opportunity

$1,099,900

4,953 SF

Rapid City Multifamily Value-Add Opportunity

8-unit multifamily property with value-add potential in Rapid City.

10 E Quincy St, Rapid City, SD 57701

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 3 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, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

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

$659,000

4,305 SF

Spearfish 5-Plex Investment Opportunity

Five-unit apartment building in downtown Spearfish with high occupancy.

314 5th Street, Spearfish, SD 57783

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$4,349,000

3.25 Acres

Spearfish Duplex Investment Opportunity

Income-producing duplexes with expansion potential in Spearfish, South Dakota.

1931-1984 Russell Street, Spearfish, SD 57783

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$962,000

Multifamily Property with Garage Stalls

20-unit multifamily property featuring garage stalls and recent roof.

411 & 415 S. Henry Street, Pierre, SD 57501

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$1,200,000

2,230 SF

Business for Sale, Mixed Use

Mixed-use properties · 2,230 SF

106 E Dakota Ave, Pierre, SD 57501

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Entitled Multifamily Development Opportunity

$3,250,000

0.83 Acres

Entitled Multifamily Development Opportunity

Permitted 50-unit multifamily development with retail space for sale.

403 N River St lot: 403, 417, & 419, Hailey, ID 83333

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$285,000

0.74 Acres

Norman Land For Luxury Condos

Prime Norman land suitable for luxury condos development.

801 NW 36th Avenue, Norman, OK 73072

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$285,000

0.74 Acres

Buildable Lot for Luxury Condos

0.74 acre buildable lot zoned for low-density apartments.

801 36th Ave NW, Norman, OK 73072

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$2,750,000

29.20 Acres

Prime Development Land Opportunity

29.2 acres of retail-zoned land in Springfield, Missouri.

N West Bypass, Springfield, MO 65802

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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.

HIGH-RISE APARTMENTS • 6,868 SF

Value Estimation

$600,000

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

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Rapid City, SD Apartment Buildings Investment Opportunities Market Analysis

Explore 9 apartment buildings for sale in Rapid City, SD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 24,394 square feet of properties for sale, with an estimated market value of $1,989,500.

Sale prices for two-family homes in Rapid City, SD start at $990,000, averaging $994,750, and reaching up to $999,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Rapid City, SD Apartment Buildings for Sale

Rapid City Apartment Investment Opportunity

Eight-unit apartment complex in central Rapid City with high occupancy.

Rapid City Multifamily Investment Property

8-unit multifamily property near downtown and School of Mines.

Rapid City Multifamily Value-Add Opportunity