Apartment Buildings with Private
New
For Sale
$31,250,000
4815 5TH ST, Rapid City, SD 57701
Recently built multifamily property with varied unit layouts, in-unit laundry, and professionally managed operations.
Property SizeContact for details
Days on Market2
Property Features for 4815 5TH ST
General Information
Standard status
Active
Property subtype
Multi-Family
Building Details
Year Built
2023
Listing Agency:
BLACK HILLS REALTY
Listed By:
Tj Wojtanowicz · License #776
Source:
Willdixonrealestate
Added: Sep 16
Last Checked: Sep 16 at 12:41PM
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 BLACK HILLS REALTY
Investment Insights
Based on property information with market context.
Completed in 2023, this multifamily property contains 165 apartments across 11 buildings, with 15 units in each building. The unit mix includes studios of approximately 558 square feet, one-bedroom/one-bath homes of approximately 774 square feet, and two-bedroom/two-bath homes of approximately 1,013 square feet. Each apartment includes a Whirlpool stainless steel refrigerator, range, microwave, and dishwasher, plus a white stackable washer and dryer. Interior details include carpeted bedrooms, LVF flooring in primary living areas, laminate countertops, stainless steel sinks, and blinds.
The property also includes four garage buildings with 18 stalls each, for a total of 72 garage stalls. Garages are drywalled and taped and have door openers with remotes. Outdoor improvements include Trex decking, metal railings, balconies, rear fencing, landscaping with irrigation, and a fire suppression system approved by the Rapid City Fire Department. Professional property management is in place. Tenants pay electricity, while ownership covers garbage, sewer, water, lawn care, and snow removal. The property is located at 4815 5th St, Rapid City, South Dakota, and has conforming zoning.
The property also includes four garage buildings with 18 stalls each, for a total of 72 garage stalls. Garages are drywalled and taped and have door openers with remotes. Outdoor improvements include Trex decking, metal railings, balconies, rear fencing, landscaping with irrigation, and a fire suppression system approved by the Rapid City Fire Department. Professional property management is in place. Tenants pay electricity, while ownership covers garbage, sewer, water, lawn care, and snow removal. The property is located at 4815 5th St, Rapid City, South Dakota, and has conforming zoning.
Key Highlights
- 165 apartments in 11 buildings, with 15 units per building
- Unit mix includes studios, one‑bedroom/one‑bath, and two‑bedroom/two‑bath layouts
- 72 garage stalls across 4 buildings, with openers and remotes
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently built multifamily property with varied unit layouts, in-unit laundry, and professionally managed operations.
Where is this apartment building located?
The property is located at 4815 5TH ST Rapid City, SD.
What is the asking price?
The asking price for this property is $31,250,000.
What are key features of this property?
This property features: 165 apartments in 11 buildings, with 15 units per building; Unit mix includes studios, one‑bedroom/one‑bath, and two‑bedroom/two‑bath layouts; 72 garage stalls across 4 buildings, with openers and remotes
