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Rapid City, SD Multifamily Properties for Sale

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$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.

Last Update: Apr 1

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$825,000

Rapid City Multifamily Investment Opportunity

201 E Nowlin St, Rapid City, SD 57701

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

Excellent investment opportunity in growing Rapid City.
Six units (three duplexes) provide immediate rental income.
Each unit includes 2 bedrooms, 1 bathroom, stove, refrigerator, window AC, gas water heater, forced air heating, and washer/dryer hookups.
Potential to sell duplexes individually due to separate plotted lots and legal descriptions.
Tenants responsible for their own gas and electric utilities.

Last Update: Apr 3

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$289,900

2,512 SF

Rapid City Duplex with Updates

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

401 College Ave, Rapid City, SD 57701

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$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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Rapid City Triplex Investment Opportunity

$179,000

1,768 SF

Rapid City Triplex Investment Opportunity

Updated triplex in central Rapid City with income potential.

1318 Quincy St, Rapid City, SD 57701

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$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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$185,000

New Home in Prairie Acres

Newly built 3-bedroom home with modern finishes and low maintenance.

4449 Circlewood Dr, Rapid City, SD 57703

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$165,000

New Home in Prairie Acres

Newly constructed 3-bedroom home with modern finishes and warranties.

4422 Circlewood Dr, Rapid City, SD 57703

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$175,000

New Home in Prairie Acres

Newly constructed 3-bedroom home with modern touches and low maintenance.

4309 Circlewood Dr, Rapid City, SD 57703

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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 9 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.

New

Sturgis Income-Generating Motel Opportunity

$899,000

2,976 SF

Sturgis Income-Generating Motel Opportunity

Income-generating motel with cabins, apartments, home, and RV sites.

1051 Park St, Sturgis, SD 57785

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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

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Custer Flats: Renovated Apartment Complex

$1,650,000

9,800 SF

Custer Flats: Renovated Apartment Complex

Thirteen-unit apartment complex in Custer, SD, fully renovated and leased.

437 Montgomery St, Custer, SD 57730

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$1,299,000

2.00 Acres

Deadwood Cabins: Turn-Key Investment

Three fully furnished cabins near Deadwood, ideal vacation rental investment.

HIGH-RISE APARTMENTS • 23,278 SF

Value Estimation by Request

2006 Promise Rd, Rapid City, SD 57701

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Rapid City, SD Multifamily Properties Investment Opportunities Market Analysis

Explore 14 multifamily properties for sale in Rapid City, SD, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 325,393 square feet of properties for sale, with an estimated market value of $600,000.

Prices for multifamily properties in Rapid City, SD start at $600,000, averaging $600,000, and reaching up to $600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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Rapid City, SD Multifamily Properties for Sale

Rapid City Multifamily Investment Opportunity

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