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    Pennington County, SD Multifamily Properties for Sale

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    Sioux Falls, SD Rapid City, SD Aberdeen, SD Huron, SD Lead, SD Watertown, SD Spearfish, SD Tea, SD
    15 properties
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    8-Unit Apartment Building with Zero-Entry
    Updated: Mar 27
    8-Unit Apartment Building with Zero-Entry

    811 Mallow Street, Rapid City, SD 57701

    $999,500
    5,198 sqft 0.40 AC lot
    8 units with four on the upper level and four on the ground level
    Ground‑level zero‑entry access plus private entries for every unit
    2005 construction with framed exterior and composition roof
    Private paved parking lot and electric heating with wall unit cooling
    Separate electric meters and private in‑unit laundry in each unit
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    This listing looks promising.

    Here's a quick look at some key insights for

    811 Mallow Street, Rapid City, SD 57701

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    • Est. Cap Rate

      3.7%
      NOI ÷ price

    • Est. NOI

      $37K
      Annual

    • Price @ 7% Cap

      $527K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 2005
    View Property Analytics
    8-Unit Multifamily Apartment Building
    Updated: Jun 12
    8-Unit Multifamily Apartment Building

    10 E Quincy Street, Rapid City, SD 57701

    $899,000
    0.16 AC lot
    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.
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    Duplex with Privacy-Fenced Backyards
    Duplex with Privacy-Fenced Backyards

    905/907 Clark Lane, Rapid City, SD 57702

    $550,000
    2,680 sqft

    Move-in ready duplex with two renovated units, each featuring 1,340 SF and private outdoor space.

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    Duplex Property With Mobile Home
    Duplex Property With Mobile Home

    5823 Corbin Dr, Rapid City, SD 57703

    $249,900
    0.69 AC lot

    Two homes offer finished rental space alongside an unfinished lower-level unit for added flexibility.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Rented Duplex Investment Property
    Rented Duplex Investment Property

    3417 W Rapid Street, Rapid City, SD 57702

    $285,000

    Duplex in Rapid City offered for sale, fully rented with zero vacancy reported for over three years.

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    Rented Duplex Investment Property
    Rented Duplex Investment Property

    3417 W Rapid Street, Rapid City, SD 57702

    $285,000

    Fully rented duplex investment property with zero vacancy reported for over three years.

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    Fully Rented Duplex
    Fully Rented Duplex

    3417 W RAPID, Rapid City, SD 57702

    $285,000

    Two-unit residential property with current occupancy and an established operating history.

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    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    811 MALLOW ST, Rapid City, SD 57701

    Contact for pricing
    5,198 sqft

    Eight apartments offer varied two- and three-bedroom layouts with on-site private parking.

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    9-Cabin Multifamily Property
    9-Cabin Multifamily Property

    301 Line Rd, Box Elder, SD 57719

    $449,900

    Existing occupants hold month-to-month rental agreements, while two cabins are gutted for renovation.

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    Triplex with Detached ADU
    Triplex with Detached ADU

    510 E Chicago, Rapid City, SD 57701

    $324,900

    Non-conforming tri-plex includes a main residence, finished basement suite, and detached one-bedroom efficiency cottage with electrical upgrades.

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    Two-Residence Duplex Property
    Two-Residence Duplex Property

    421 Spruce St, Rapid City, SD 57701

    $150,000

    Separate residences occupy one lot and require repair and renovation work.

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    Triplex Vacation Rental Property
    Triplex Vacation Rental Property

    307 2nd St, Keystone, SD 57751

    Contact for pricing

    Three-unit triplex operates as a vacation rental, with each unit featuring two bedrooms, one bath, laundry, and a fireplace.

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    Updated Mobile Home in Rapid
    Updated Mobile Home in Rapid

    1980 Lot #33 Country Road, Rapid City, SD 57701

    $78,000

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

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    Duplex with Separate Basement Entrance
    Duplex with Separate Basement Entrance

    518 E Philadelphia St, Rapid City, SD 57701

    Contact for pricing

    Newly updated duplex with two bedrooms on the main level and a separate 1 bed, 1 bath basement entrance.

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    Side-by-Side Duplex Opportunity
    Side-by-Side Duplex Opportunity

    1918 Ivy Ave, Rapid City, SD 57701

    $275,000

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

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    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 15 Active listings in Pennington County, SD, we suggest exploring several alternatives: similar 8 Off-Market properties to explore as potential leads

    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
    Multifamily properties

    0 Marlin Dr, Rapid City, SD 57703

    Value Estimation by Request
    3.11 AC lot
    View details
    Box Elder, SD 57719
    HIGH-RISE APARTMENTS

    Box Elder, SD 57719

    $2,235,000
    Estimated value
    33,719 sqft 8.15 AC lot
    View details
    545 Northern Lgts Blvd
    HIGH-RISE APARTMENTS

    545 Northern Lgts Blvd, Box Elder, SD 57719

    $1,400,000
    Estimated value
    19,781 sqft 11.03 AC lot
    View details
    2006 Promise Rd
    HIGH-RISE APARTMENTS

    2006 Promise Rd, Rapid City, SD 57701

    $1,820,000
    Estimated value
    23,278 sqft 9.23 AC lot
    View details
    330 Philadelphia St
    HIGH-RISE APARTMENTS

    330 Philadelphia St, Rapid City, SD 57701-1810

    $580,000
    Estimated value
    7,556 sqft 2.71 AC lot
    View details
    1617 Debra Dr
    HIGH-RISE APARTMENTS

    1617 Debra Dr, Rapid City, SD 57702-1007

    $995,000
    Estimated value
    12,702 sqft 2.31 AC lot
    View details
    636 Cathedral Dr
    HIGH-RISE APARTMENTS

    636 Cathedral Dr, Rapid City, SD 57701-5438

    $760,000
    Estimated value
    9,678 sqft 3.10 AC lot
    View details
    1018 11th St
    HIGH-RISE APARTMENTS

    1018 11th St, Rapid City, SD 57701-3416

    $600,000
    Estimated value
    6,868 sqft 0.72 AC lot
    View details

    Pennington County, SD Multifamily Properties Market Trends and Statistics

    Explore 23 multifamily properties for sale in Pennington County, SD, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 13,076 square feet of properties for sale, with an estimated market value of $4,831,200.

    Sale prices for multifamily properties in Pennington County, SD start at $78,000, averaging $402,600, and reaching up to $999,500 — 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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