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    Summerset, SD Black Hawk, SD Box Elder, SD Piedmont, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD
    8-Unit Apartment Building with Zero-Entry
    Updated: Mar 27
    8-Unit Apartment Building with Zero-Entry

    811 Mallow Street, Rapid City, SD 57701

    $999,500
    5,198 sqft 0.40 AC lot
    8 units with four on the upper level and four on the ground level
    Ground‑level zero‑entry access plus private entries for every unit
    2005 construction with framed exterior and composition roof
    Private paved parking lot and electric heating with wall unit cooling
    Separate electric meters and private in‑unit laundry in each unit
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    This listing looks promising.

    Here's a quick look at some key insights for

    811 Mallow Street, Rapid City, SD 57701

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    • Est. Cap Rate

      3.7%
      NOI ÷ price

    • Est. NOI

      $37K
      Annual

    • Price @ 7% Cap

      $527K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 2005
    View Property Analytics
    8-Unit Multifamily Apartment Building
    Updated: Jun 12
    8-Unit Multifamily Apartment Building

    10 E Quincy Street, Rapid City, SD 57701

    $899,000
    0.16 AC lot
    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.
    View details
    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    811 MALLOW ST, Rapid City, SD 57701

    Contact for pricing
    5,198 sqft

    Eight apartments offer varied two- and three-bedroom layouts with on-site private parking.

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    Based on your search, we've compiled 13 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

    Opportunities in Nearby Cities

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

    5-Unit Apartment Building with Garage
    5-Unit Apartment Building with Garage

    314 5th Street, Spearfish, SD 57783

    $659,000
    4,305 sqft

    Downtown multifamily property with remodeled units, off-street parking, shared laundry, and alley-accessed garage.

    View details
    6-Plex Apartment with Separate 1-Bedroom Home
    6-Plex Apartment with Separate 1-Bedroom Home

    103 W 7th St, Gillette, WY 82716

    $700,000
    5,350 sqft 0.20 AC lot

    R-2 zoned 6-plex plus separate 1-bedroom home with off-street parking and recently remodeled units.

    View details
    Apartment Building with Ten 4-Plex Units
    Apartment Building with Ten 4-Plex Units

    1922-1931 Harvest Moon Dr, Gillette, WY 82718

    $5,900,000
    3,384 sqft 0.20 AC lot

    PUD-zoned apartment complex with ten fully occupied 4-plex units, new furnaces and water heaters, and large parking.

    View details
    22-Unit Apartment Property
    22-Unit Apartment Property

    TBD 1954-1984 Russell Street, Spearfish, SD 57783

    $5,685,000
    3.25 AC lot

    Modern furnished apartments offer open layouts, private outdoor space, and dedicated off-street parking.

    View details

    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.

    Marlin Dr
    Multifamily properties

    0 Marlin Dr, Rapid City, SD 57703

    Value Estimation by Request
    3.11 AC lot
    View details
    2006 Promise Rd
    HIGH-RISE APARTMENTS

    2006 Promise Rd, Rapid City, SD 57701

    $1,820,000
    Estimated value
    23,278 sqft 9.23 AC lot
    View details
    330 Philadelphia St
    HIGH-RISE APARTMENTS

    330 Philadelphia St, Rapid City, SD 57701-1810

    $580,000
    Estimated value
    7,556 sqft 2.71 AC lot
    View details
    1617 Debra Dr
    HIGH-RISE APARTMENTS

    1617 Debra Dr, Rapid City, SD 57702-1007

    $995,000
    Estimated value
    12,702 sqft 2.31 AC lot
    View details
    636 Cathedral Dr
    HIGH-RISE APARTMENTS

    636 Cathedral Dr, Rapid City, SD 57701-5438

    $760,000
    Estimated value
    9,678 sqft 3.10 AC lot
    View details
    1018 11th St
    HIGH-RISE APARTMENTS

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

    $600,000
    Estimated value
    6,868 sqft 0.72 AC lot
    View details

    Rapid City, SD Apartment Buildings Market Trends and Statistics

    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 10,396 square feet of properties for sale, with an estimated market value of $1,898,500.

    Sale prices for two-family homes in Rapid City, SD start at $899,000, averaging $949,250, 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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    Demographics Overview

    Population 99K
    Population Growth (5Y) +3.2%
    Median Household Income $70,356
    College Educated 33.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57701 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.36%
    Property Tax per SF $31.57 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Pennington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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