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Rapid City, SD Multifamily Properties for Sale

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Aberdeen, SD Spearfish, SD Lead, SD

9 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

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$990,000

Rapid City Multifamily Investment Property

10 E QUINCY, Rapid City, SD 57701

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

8‑unit multifamily investment property in Rapid City, SD
Located minutes from South Dakota School of Mines & Technology and downtown Rapid City
Diverse unit mix: featuring two studios, five 2‑bedrooms, and one 3‑bedroom
Strong rental income potential with current rents: studios ($650‑700/month), 2‑bedrooms ($1,100/month), 3‑bedroom ($1,500/month)
Dedicated off‑street parking and common laundry

Updated: Apr 17

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$990,000

0.16 Acres

Rapid City Multifamily Investment Property

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

10 E Quincy Street, Rapid City, SD 57701

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$550,000

2,680 SF

Move-in Ready Rapid City Duplex

Renovated duplex in central Rapid City with income potential.

905/907 Clark Lane, Rapid City, SD 57702

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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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$295,000

Rapid City Duplex Investment Property

Fully rented duplex in Rapid City with consistent income.

3417 W Rapid Street, Rapid City, SD 57702

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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 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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$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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Based on your search, we've compiled 23 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, plus 4 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

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

$659,000

4,305 SF

Spearfish 5-Plex Investment Opportunity

Five-unit apartment building in downtown Spearfish with high occupancy.

314 5th Street, Spearfish, SD 57783

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Spearfish Multifamily Development Opportunity

$359,000

0.57 Acres

Spearfish Multifamily Development Opportunity

Half-acre corner lot zoned R3, ideal for multifamily development.

Lots 12 & 13 S 27th Street, Spearfish, SD 57783

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$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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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.

Chadron Commercial Investment Opportunity

$1,350,000

27.00 Acres

Chadron Commercial Investment Opportunity

Unique investment opportunity near Chadron, NE with highway frontage.

Ponderosa Court, Chadron, NE 69337

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$435,000

3.88 Acres

Commercial Land with RV Park

Mobile home and RV park with expansion potential in Glendive.

1003 W Bell St, Glendive, MT 59330

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$50,000

Residential Subdivision Land Opportunity

49-lot subdivision suitable for various residential development projects.

1 Rainbow Estates, Glendive, MT 59330

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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

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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.

HIGH-RISE APARTMENTS • 6,868 SF

Value Estimation

$600,000

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

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Rapid City, SD Multifamily Properties Investment Opportunities Market Analysis

Explore 15 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 24,394 square feet of properties for sale, with an estimated market value of $1,989,500.

Sale prices for multifamily properties in Rapid City, SD start at $990,000, averaging $994,750, 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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Rapid City, SD Multifamily Properties for Sale

Rapid City Apartment Investment Opportunity

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

Rapid City Multifamily Investment Property

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