Rapid City Apartment Investment
811 Mallow Street, Rapid City, SD 57701
2 Story, Other - Rapid City, SD
Property size:
5,198 SFLot size:
0.40 AcresPrice / SF:
$192/SF- Added:
- Mar 27, 2026
- Days on Market:
- 51
- Last Refresh:
- May 16 at 10:06 pm
Property Features for 811 Mallow Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Paved or Surfaced
- Interior features
- Sprinkler System
- Exterior features
- Paved Street
- Appliances
- Dryer, Refrigerator
- Standard status
- Active
- Size
- 5,198 SF
- Lot size
- 0.40 Acres
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 2005
- Floors in Building
- 2
- Number of units
- 8
- Building materials
- Wood Siding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Pete Jensen (605) 484-6713
Listing office Keller Williams Realty Black Hills SP 745 N. Ames St. Unit 1, Rapid City, SD (605) 343-7500
Listing date Mar 27, 2026
MLS# 87915
Listing URL
Copyright © 2026 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 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.
- Convenient location near downtown Rapid City, the Monument Arena, I90, and the Black Hills.
Overview
This eight-unit apartment complex, constructed in 2005, presents an investment opportunity in central Rapid City. The property features a mix of four upper-level and four ground-level units, complemented by a private parking lot. Ground-level units offer zero-entry access, while upper-level units are accessible via recently updated decks. The units include a combination of two-bedroom/one-bathroom and three-bedroom/two-bathroom layouts, with rents ranging from $875 to $1,075 per unit. Each unit has private entries, an open-concept living space, a full kitchen, private in-unit laundry facilities, and separate electric meters. The units feature updated kitchens, wall AC units, low-maintenance flooring, and egress windows. All appliances are included. Recent preventive maintenance includes water heater replacements, a newer roof, deck staining, and a sprinkler system recharge. The property, situated on a 0.4-acre lot, is conveniently located near downtown Rapid City and the Monument Arena, with easy access to I-90 and the Black Hills. The building size is 5198 square feet. There is potential to increase income by raising rents.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Rapid City
- County
- Pennington
- State
- South Dakota
- Longitude
- -103.23608
- Latitude
- 44.091626
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit apartment complex in central Rapid City with high occupancy.
Where is this apartment building located?
The property is located at 811 Mallow Street Rapid City, SD.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: 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.
