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    Custer, SD Multifamily Properties for Sale

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    Hot Springs, SD Hill City, SD Keystone, SD
    Prime Custer Mixed-Use Investment
    $2,300,000
    8,700 SF
    Prime Custer Mixed-Use Investment

    632 Mt. Rushmore Road, Custer, SD 57730

    Renovated mixed-use property with retail and short-term rental income.
    • Six short‑term/vacation rental apartments in a high‑traffic downtown Custer location.
    • Building completely renovated in 2022 with new wiring, plumbing, sprinkler system, insulation, windows, floor coverings, fixtures, appliances, and paint.
    • Includes a 4,350 sqft main level retail space currently leased out for reliable year‑round income.
    • Apartments are modern lofts with fully equipped kitchens, dining areas, gathering spaces, 1‑3 bedrooms, 1‑2 baths, and sofa beds.
    • Located in Custer, a thriving tourist district with a new Mayo Clinic‑affiliated Hospital and a strong K‑12 school system.
    Updated: Apr 6
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    Black Hills Recreational Income Property
    $1,119,000
    5,195 SF
    Black Hills Recreational Income Property

    25389 McCurran Ranch Rd, Custer, SD 57730

    Five-acre property near Custer with short-term rental and recreational income.
    • High‑demand location bordering US Forest Service land near Custer, offering direct trail access and year‑round outdoor recreation.
    • Potential for four distinct income streams: main‑level STR, lower‑level STR, and two RV pad rentals.
    • Main residence suitable as a premium short‑term rental with multiple living areas and high‑end finishes.
    • Walk‑out lower level with private entrance functions as a separate, fully equipped rental unit.
    • Two established RV sites with full hookups (water, sewer, 50/30/20 AMP service) for immediate rental income.
    Updated: Feb 19
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    Renovated Multi-Family Property in Custer
    $1,550,000
    Renovated Multi-Family Property in Custer

    Thirteen-unit property near downtown Custer with renovation and furnished units.

    437 Montgomery St, Custer, SD 57730

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    Established Restaurant with Living Quarters
    $1,400,000
    4,225 SF
    Established Restaurant with Living Quarters

    Profitable restaurant with apartment in high-traffic tourist area.

    541 MT RUSHMORE RD, Custer, SD 57730

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Custer, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Newcastle Multifamily Investment Opportunity
    $395,000
    6,708 SF
    Newcastle Multifamily Investment Opportunity

    Turnkey 5-unit apartment complex with strong rental history.

    115 S Summit Ave, Newcastle, WY 82701

    View details
    Newcastle Multi-Unit Investment Opportunity
    $329,900
    2,400 SF
    Newcastle Multi-Unit Investment Opportunity

    Well-maintained triplex with strong rental history in Newcastle, Wyoming.

    302 S Spokane Ave, Newcastle, WY 82701

    View details
    Rapid City Duplex Investment Opportunity
    $285,000
    1,640 SF
    Rapid City Duplex Investment Opportunity

    Up/down duplex with recent updates in Northwest Rapid City.

    3225 W Rapid Street, Rapid City, SD 57702

    View details
    Rapid City Duplex Investment Property
    $285,000
    Rapid City Duplex Investment Property

    Fully rented duplex in Rapid City with consistent income.

    3417 W Rapid Street, Rapid City, SD 57702

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Development Opportunity in Buffalo
    $407,000
    5.77 Acres
    Residential Development Opportunity in Buffalo

    5.77 acres for residential development with city utilities available.

    TBD Glencoe Way, Buffalo, WY 82834

    View details
    Residential Land in Carpenter, WY
    $82,000
    6.00 Acres
    Residential Land in Carpenter, WY

    Corner lot with no covenants, manufactured housing allowed.

    Road 201, Carpenter, WY 82054

    View details
    Flat Lot in Crystal Lakes
    $150,000
    1.39 Acres
    Flat Lot in Crystal Lakes

    1.39 acre lot with improvements ready for outdoor enjoyment.

    5449 N County Road 73C, Red Feather Lakes, CO 80545

    View details
    Improved Recreational Land in Crystal Lakes
    $165,000
    1.47 Acres
    Improved Recreational Land in Crystal Lakes

    1.47 acre lot with utilities and community amenities.

    5481 N County Road 73C, Red Feather Lakes, CO 80545

    View details

    Off-Market Properties in Custer, SD

    Consider similar Off-Market properties in Custer, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    25389 Mccurran Ranch Rd
    Multifamily properties
    5,345 SF Lot: 5.00 Acres

    25389 Mccurran Ranch Rd, Custer, SD 57730

    View details

    Custer, SD Multifamily Properties Investment Opportunities Market Analysis

    Explore 5 multifamily properties for sale in Custer, SD, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 18,120 square feet of properties for sale, with an estimated market value of $4,819,000.

    Sale prices for multifamily properties in Custer, SD start at $1,119,000, averaging $1,606,333, and reaching up to $2,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Short term rental properties 4
    Apartment buildings 1

    Demographics Overview

    Population 5,647
    Population Growth (5Y) -2.1%
    Median Household Income $81,911
    College Educated 45.7%

    High-Yield Neighborhoods for Investment

    Identify Custer submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    57730 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $24.51 per sq ft
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

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