5-Unit Apartment
For Sale
$549,900
1948 Hillsview Dr, Rapid City, SD 57702
Updated multifamily property near Canyon Lake Park, schools, shopping, and restaurants with tenant and owner storage options.
Property SizeContact for details
Lot Size0.90 Acres
Days on Market48
Property Features for 1948 Hillsview Dr
General Information
Standard status
Active
Lot size
0.90 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
5
Amenities
garage
Building Details
Year Built
1949
Listing Agency:
COLDWELL BANKER BLACK HILLS LEGACY
Listed By:
Lisa Mueller · License #1017
Source:
Dupontrealestateteam
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 25 at 3:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER BLACK HILLS LEGACY
Investment Insights
Based on property information with market context.
This 5-unit apartment property sits on 0.9 acres and includes a 28' x 15' garage that can provide storage for tenants or ownership. Improvements completed within the past five years include updates to the windows, doors, and electrical systems. The building was constructed in 1949.
The property is near Canyon Lake Park, schools, shopping, and restaurants in Rapid City. Stable occupancy and long-term tenancy have characterized the property’s performance over the past 16 years, providing an established operating history for prospective ownership.
The property is near Canyon Lake Park, schools, shopping, and restaurants in Rapid City. Stable occupancy and long-term tenancy have characterized the property’s performance over the past 16 years, providing an established operating history for prospective ownership.
Key Highlights
- 5‑unit apartment property on 0.9 acres
- 28' x 15' garage for tenant or owner storage
- Windows, doors, and electrical systems updated within the past five years
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 57702, SD
33,162
Population
16,786
Households
2
Avg Household Size
46
Median Age
48%
College-Educated
98%
High-School Grad
285.8 sq mi
ZIP Area
116
Density / Sq Mi
$85,700
Median Household Income
$44,214
Median Earnings
$1,209
Median Rent
$341,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property near Canyon Lake Park, schools, shopping, and restaurants with tenant and owner storage options.
Where is this apartment building located?
The property is located at 1948 Hillsview Dr Rapid City, SD.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 5‑unit apartment property on 0.9 acres; 28' x 15' garage for tenant or owner storage; Windows, doors, and electrical systems updated within the past five years
