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    Pennington County, SD Multifamily Properties for Sale

    8 results
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    Rapid City Apartment Investment Opportunity
    $999,500
    5,198 SF

    Rapid City Apartment Investment Opportunity

    811 Mallow Street, Rapid City, SD 57701

    Eight-unit apartment complex in central Rapid City with high occupancy.

    • High occupancy rate and consistent rental history.
    • Eight‑unit apartment complex built in 2005.
    • Combination of 2 and 3 bedroom units with in‑unit laundry and separate electric meters.
    • Recent preventative maintenance including newer roof and water heater replacements.
    • Ground level units are zero‑entry for accessibility.
    Updated: Mar 27
    View details
    Rapid City Multifamily Investment Property
    $990,000
    0.16 Acres

    Rapid City Multifamily Investment Property

    10 E Quincy Street, Rapid City, SD 57701

    8-unit multifamily property near downtown and School of Mines.

    • Prime location near South Dakota School of Mines & Technology and downtown Rapid City.
    • 8‑unit multifamily property in a consistently occupied rental corridor.
    • Diverse unit mix: studios, 2‑bedroom, and 3‑bedroom units.
    • Strong rental income potential: $650-$1,500/month per unit.
    • Off‑street parking and common laundry available.
    Updated: Mar 23
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    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
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    Updated Mobile Home in Rapid
    $78,000

    Updated Mobile Home in Rapid

    Move-in ready 3 bed, 2 bath mobile home for sale.

    1980 Lot #33 Country Road, Rapid City, SD 57701
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    Rapid City Multifamily Value-Add Opportunity
    $1,099,900
    4,953 SF

    Rapid City Multifamily Value-Add Opportunity

    8-unit multifamily property with value-add potential in Rapid City.

    10 E Quincy St, Rapid City, SD 57701
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    Side-by-Side Duplex Opportunity
    $275,000

    Side-by-Side Duplex Opportunity

    Duplex suitable for home ownership, single family, or investment.

    1918 Ivy Ave, Rapid City, SD 57701
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    Established Bar and Grill with Apartment
    $825,000
    5,780 SF

    Established Bar and Grill with Apartment

    Bar and grill with apartment in growing Caputa, South Dakota.

    15350 E Hwy 44, Caputa, SD 57725
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    Development Opportunity Near Ellsworth AFB
    $3,750,000
    24.76 Acres

    Development Opportunity Near Ellsworth AFB

    Commercial site ready for multifamily or mixed-use development.

    TBD Liberty Boulevard, Box Elder, SD 57719
    View details
    Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 8 Active listings in Pennington County, SD, we suggest exploring several alternatives: similar 8 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    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.

    High Visibility Corner Commercial Lot
    $539,000

    High Visibility Corner Commercial Lot

    Corner lot with high visibility and traffic count.

    TBD Outfitter Road, Rapid City, SD 57701
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    Rapid City Development Site For Sale
    $610,000

    Rapid City Development Site For Sale

    4-acre commercial/multifamily development site in established Orchard Meadows subdivision.

    3222 Jaffa Garden Wy, Rapid City, SD 57703
    View details
    Rapid City Development Land Available
    Contact for pricing

    Rapid City Development Land Available

    Prime commercial land near high-traffic retail hub.

    1725 Camden Drive, Rapid City, SD 57701
    View details
    Commercial Property on East Mall
    $3,216,558

    Commercial Property on East Mall

    Commercial property fronting East Mall Drive in Rapid City.

    0 E MALL DRRapid, Rapid City, SD 57701
    View details

    Explore Off-Market Properties in Pennington County, SD

    Consider similar Off-Market properties in Pennington County, 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.

    Marlin Dr

    Marlin Dr

    Multifamily properties • 3.11 Acres
    Value Estimation by Request
    0 Marlin Dr, Rapid City, SD 57703
    View details
    Box Elder, SD 57719

    Box Elder, SD 57719

    HIGH-RISE APARTMENTS • 33,719 SF
    Value Estimation
    $2,235,000
    Box Elder, SD 57719
    View details
    545 Northern Lgts Blvd

    545 Northern Lgts Blvd

    HIGH-RISE APARTMENTS • 19,781 SF
    Value Estimation
    $1,400,000
    545 Northern Lgts Blvd, Box Elder, SD 57719
    View details
    2006 Promise Rd

    2006 Promise Rd

    HIGH-RISE APARTMENTS • 23,278 SF
    Value Estimation
    $1,820,000
    2006 Promise Rd, Rapid City, SD 57701
    View details
    330 Philadelphia St

    330 Philadelphia St

    HIGH-RISE APARTMENTS • 7,556 SF
    Value Estimation
    $580,000
    330 Philadelphia St, Rapid City, SD 57701-1810
    View details
    1617 Debra Dr

    1617 Debra Dr

    HIGH-RISE APARTMENTS • 12,702 SF
    Value Estimation
    $995,000
    1617 Debra Dr, Rapid City, SD 57702-1007
    View details
    636 Cathedral Dr

    636 Cathedral Dr

    HIGH-RISE APARTMENTS • 9,678 SF
    Value Estimation
    $760,000
    636 Cathedral Dr, Rapid City, SD 57701-5438
    View details
    1018 11th St

    1018 11th St

    HIGH-RISE APARTMENTS • 6,868 SF
    Value Estimation
    $600,000
    1018 11th St, Rapid City, SD 57701-3416
    View details

    Pennington County, SD Multifamily Properties Investment Opportunities Market Analysis

    Explore 16 multifamily properties for sale in Pennington County, SD, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 1,102,939 square feet of properties for sale, with an estimated market value of $5,739,500.

    Sale prices for multifamily properties in Pennington County, SD start at $990,000, averaging $1,913,166, and reaching up to $3,750,000 — 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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    Multifamily properties by market

    Browse Multifamily properties for Sale Near Pennington, SD

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