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80-Unit Single-Level Apartment Community
For Sale
$12,400,000

3151 OUTLOOK CIR, Rapid City, SD 57701

Two- and three-bedroom layouts, garage parking, and shared indoor and outdoor amenities serve residents across the property.

Property SizeContact for details
Days on Market8

Property Features for 3151 OUTLOOK CIR

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 2004
Listing Agency: WEST RIVER REALTY, LLC
Listed By: ARIEL RUDLAND · License #16492
Source: Teigenmarchant.kw
Added: Sep 28 Changed: Sep 30 Last Checked: Oct 4 at 6:49AM

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 WEST RIVER REALTY, LLC

Investment Insights

Based on property information with market context.

This 80-unit apartment property in Southeast Rapid City occupies approximately 8.69 acres, with all residences arranged on one level. The unit mix includes two- and three-bedroom floor plans, and the property has 57 garages. Built in 2004, it also includes a recently renovated clubhouse with a community room, two private offices, two restrooms, a kitchen, and coin-operated laundry facilities.

Outdoor amenities include a basketball court and playground. The property has maintained strong occupancy and a wait list. Its address is 3151 Outlook Circle in Rapid City, South Dakota.

Key Highlights

  • 80 apartment units in single‑level buildings
  • Approximately 8.69 acres in Southeast Rapid City
  • 57 garages

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Law Firm Auto Parts Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

184
Businesses Nearby

Demographics for 57701, SD

46,258
Population
20,526
Households
2.3
Avg Household Size
36
Median Age
28%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
886
Density / Sq Mi
$52,733
Median Household Income
$34,971
Median Earnings
$892
Median Rent
$229,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two- and three-bedroom layouts, garage parking, and shared indoor and outdoor amenities serve residents across the property.
Where is this apartment building located?
The property is located at 3151 OUTLOOK CIR Rapid City, SD.
What is the asking price?
The asking price for this property is $12,400,000.
What are key features of this property?
This property features: 80 apartment units in single‑level buildings; Approximately 8.69 acres in Southeast Rapid City; 57 garages
More about this property
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