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Rapid City, SD Apartment Buildings for Sale

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Box Elder, SD Summerset, SD Piedmont, SD

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

$899,000

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: Apr 22

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$899,000

Rapid City Multifamily Investment Property

8-unit multifamily property near downtown Rapid City and SD Mines.

10 E QUINCY, Rapid City, SD 57701

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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 18 Potential Opportunities for your consideration. Besides 4 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.

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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Gillette Multifamily Investment Opportunity

$700,000

5,350 SF

Gillette Multifamily Investment Opportunity

Recently remodeled 6-plex with separate home near downtown Gillette.

103 W 7th St, Gillette, WY 82716

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$5,900,000

3,384 SF

Gillette Apartment Complex For Sale

Ten well-maintained 4-plex units with good rental history.

1922-1931 Harvest Moon Dr, Gillette, WY 82718

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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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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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$2,850,000

29.20 Acres

Prime Development Land, Springfield MO

29.2 acres of retail-zoned land for mixed-use development.

N West Bypass, Springfield, MO 65802

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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 10 apartment buildings for sale in Rapid City, SD, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 10,151 square feet of properties for sale, with an estimated market value of $2,099,400.

Sale prices for two-family homes in Rapid City, SD start at $999,500, averaging $1,049,700, and reaching up to $1,099,900 — 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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Property Size Breakdown

The majority of commercial real estate listings in Rapid City fall within the 25,000 to 50,000 square foot range.

Demographics Overview

Population 99K

Population Growth (5Y) +3.2%

Median Household Income $70,356

College Educated 33.1%

High-Yield Neighborhoods for Strategic Investment

Identify Rapid City submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

Neighborhood	Average Price
57701	$974.4K

Taxes & Financing

Tax Rate (average for all types) 1.36%

Property Tax per SF $31.57 per sq ft

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

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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 Investment Property

Rapid City Multifamily Value-Add Opportunity