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    Rapid City, SD Apartment Buildings for Sale

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    Box Elder, SD Summerset, SD Black Hawk, SD
    8-Unit Apartment Building with Parking
    Updated: Mar 27
    8-Unit Apartment Building with Parking

    811 Mallow Street, Rapid City, SD 57701

    $999,500
    5,198 sqft · 0.40 AC lot
    8‑unit apartment complex built in 2005 in central Rapid City (4 upper, 4 ground level).
    Unit mix: combination of 2 bed/1 bath and 3 bed/2 bath units; rents range from $875 to $1,075 per unit.
    All units have private entries, open‑concept living space, full kitchen, and private in‑unit laundry; separate electric meters.
    Ground‑level units are zero‑entry; upper levels are accessed via recently refreshed decks on both ends of the building.
    Wall A/C throughout, electric heating, and composition roof; frame construction.
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    8-Unit Multifamily with Off-Street Parking
    Updated: Jun 12
    8-Unit Multifamily with Off-Street Parking

    10 E QUINCY, Rapid City, SD 57701

    $899,000
    8‑unit multifamily property built in 1957
    Unit mix: two studios ($650–$700/mo), five 2‑bedrooms ($1,100/mo), and one 3‑bedroom ($1,500/mo)
    Coin‑operated common laundry on site
    Dedicated off‑street parking available
    All utilities are landlord‑paid
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    Rapid City Multifamily Investment Property
    Rapid City Multifamily Investment Property

    10 E Quincy Street, Rapid City, SD 57701

    $899,000
    0.16 AC lot

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

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Rapid City Multifamily Value-Add Opportunity
    Rapid City Multifamily Value-Add Opportunity

    10 E Quincy St, Rapid City, SD 57701

    $1,099,900
    4,953 sqft

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

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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.

    Downtown 6-Plex with Detached Home
    Downtown 6-Plex with Detached Home

    103 W 7th St, Gillette, WY 82716

    $700,000
    5,350 sqft · 0.20 AC lot

    Recently remodeled 6-plex plus a detached 1-bedroom home with off-street parking near downtown amenities.

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    Framed Multi-Family Conversion Opportunity
    Framed Multi-Family Conversion Opportunity

    4362 US Highway 26-85, Torrington, WY 82240

    $349,000
    5,880 sqft · 14.97 AC lot

    Large multi-unit structure is framed for apartments with private bathrooms and extensive electrical work already completed.

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    Gillette Apartment Complex For Sale
    Gillette Apartment Complex For Sale

    1922-1931 Harvest Moon Dr, Gillette, WY 82718

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

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

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    Multi-Family Opportunity on 15 Acres
    Multi-Family Opportunity on 15 Acres

    4362 Highway 26, Torrington, WY 82240

    $350,000
    5,880 sqft

    Large structure framed for multiple apartments on nearly 15 acres.

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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.

    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

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

    View details
    El Paso Vacant Residential Land
    El Paso Vacant Residential Land

    4936 Titanic Avenue, El Paso, TX 79904

    $95,172
    0.21 AC lot

    9,270 sq ft vacant lot in established El Paso neighborhood.

    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 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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    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 $974.4K

    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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