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    Rapid City, SD Multifamily Properties for Sale

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    Rapid City Multifamily Investment Opportunity
    $1,625,000

    Rapid City Multifamily Investment Opportunity

    123 E Nowlin St, Rapid City, SD 57701

    Well-maintained 12-unit complex in growing Rapid City, South Dakota.

    • 12‑unit complex (six duplexes) offering a significant investment opportunity in a growing market (Rapid City).
    • Each duplex sits on a separately plotted lot, allowing for individual sale or package sale flexibility.
    • Each unit features 2 bedrooms and 1 bathroom, appealing to a broad tenant base.
    • Tenants pay their own gas and electric utilities, reducing landlord expenses.
    • Units are equipped with essential appliances: stove, refrigerator, window air conditioner, gas water heater, and forced air heating.
    Updated: Oct 6, 2025
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    Rapid City Duplex with Updates
    $289,900
    2,512 SF

    Rapid City Duplex with Updates

    401 College Ave, Rapid City, SD 57701

    Updated duplex in north Rapid City with separate entrances and yards.

    • Up/down duplex ideal for investment portfolio.
    • Two fully finished units, each 1,256 sqft, with 3 bedrooms and 1 bathroom.
    • Each unit has separate meters, secured entrances, laundry rooms, and fenced yards.
    • Recent updates include fresh interior paint and vinyl flooring throughout both units.
    • Detached 2‑car garage plus large driveway provide ample off‑street parking.
    Updated: Nov 25, 2025
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    Rapid City Multifamily Investment Opportunity
    $825,000

    Rapid City Multifamily Investment Opportunity

    Well-maintained six-unit complex in growing Rapid City.

    201 E Nowlin St, Rapid City, SD 57701
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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 Rd, Rapid City, SD 57701
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    New Home in Prairie Acres
    $124,800

    New Home in Prairie Acres

    New 3-bedroom, 2-bathroom home near the airport and golf course.

    4340 Circlewood Dr, Rapid City, SD 57703
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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 5 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

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

    Commercial Building with Living Quarters
    $783,800
    2,364 SF

    Commercial Building with Living Quarters

    Well-maintained commercial building with rental options and living space.

    1100 Mt. Rushmore Rd, Custer, SD 57730
    View details
    Secluded Black Hills Retreat
    $1,750,000
    1,216 SF

    Secluded Black Hills Retreat

    70-acre private property with pond, orchard, campground, and home.

    11755 Pleasant Valley Rd, Custer, SD 57730
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    Spearfish Multifamily Investment
    $2,200,000
    8,685 SF

    Spearfish Multifamily Investment

    31-Unit Apartment Complex, High Demand

    230 Main St, Spearfish, SD 57783
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    Spearfish 5-Plex Investment Opportunity
    $659,000
    4,305 SF

    Spearfish 5-Plex Investment Opportunity

    Fully occupied 5-plex with remodeled units and new roof.

    314 5Th St, Spearfish, SD 57783
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    Explore Off-Market Properties in Rapid City, SD

    Consider similar Off-Market properties in Rapid City, 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.

    1018 11th St

    1018 11th St

    HIGH-RISE APARTMENTS • 6,868 SF
    Value Estimation by Request
    1018 11th St, Rapid City, SD 57701-3416
    View details
    1617 Debra Dr

    1617 Debra Dr

    HIGH-RISE APARTMENTS • 12,702 SF
    Value Estimation by Request
    1617 Debra Dr, Rapid City, SD 57702-1007
    View details
    330 Philadelphia St

    330 Philadelphia St

    HIGH-RISE APARTMENTS • 7,556 SF
    Value Estimation by Request
    330 Philadelphia St, Rapid City, SD 57701-1810
    View details
    636 Cathedral Dr

    636 Cathedral Dr

    HIGH-RISE APARTMENTS • 9,678 SF
    Value Estimation by Request
    636 Cathedral Dr, Rapid City, SD 57701-5438
    View details
    2006 Promise Rd

    2006 Promise Rd

    HIGH-RISE APARTMENTS • 23,278 SF
    Value Estimation by Request
    2006 Promise Rd, Rapid City, SD 57701
    View details

    Rapid City, SD Multifamily Properties Investment Opportunities Market Analysis

    Explore 10 multifamily properties for sale in Rapid City, SD, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 922,602 square feet of properties for sale, with an estimated market value of $2,942,700.

    Prices for multifamily properties in Rapid City, SD start at $0.00, averaging $267,518, and reaching up to $1,625,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    Browse Multifamily properties for Sale Near Rapid City, SD

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    Most Searched ZIP Codes in Rapid City, SD

    • 57701
    • 57703
    • 57702

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