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6-Unit Apartment Building with Storage
For Sale
Contact for pricing
Pending

725 Fairview St, Rapid City, SD 57701

Downtown apartment property with mixed one- and two-bedroom units, individual storage, and shared laundry equipment.

Property SizeContact for details
Days on Market143

Property Features for 725 Fairview St

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 1 x 1BR/1BA, 5 x 2BR/1BA
Multifamily Units 6

Additional Details

Furnished Yes

Amenities

coin-operated laundry
storage unit
Listing Agency: Coldwell Banker Commercial Black Hills Legacy Real Estate
Listed By: Diane Wilcox · License #SD
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 10:01AM

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 Commercial Black Hills Legacy Real Estate

Investment Insights

Based on property information with market context.

Located at 725 Fairview St in downtown Rapid City, this six-unit apartment building offers a mix of one-bedroom and two-bedroom residences. The unit configuration includes one one-bedroom, one-bath apartment and five two-bedroom, one-bath apartments.

Each residence includes its own storage unit, and the property provides ample parking. A coin-operated washer and dryer serve the building. Furniture, linens, and household items are included with the sale.

Key Highlights

  • Six‑unit apartment building in downtown Rapid City
  • Unit mix includes one one‑bedroom and five two‑bedroom apartments
  • All units feature one bathroom

Property Analytics

Current Use

Downtown area short ... Vacation Rental

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Pet Store Restaurant Butcher Electrical Service

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

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,059
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

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 - Downtown apartment property with mixed one- and two-bedroom units, individual storage, and shared laundry equipment.
Where is this apartment building located?
The property is located at 725 Fairview St Rapid City, SD.
What are key features of this property?
This property features: Six‑unit apartment building in downtown Rapid City; Unit mix includes one one‑bedroom and five two‑bedroom apartments; All units feature one bathroom
More about this property
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