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    Pennington County, SD Residential Income Properties for Sale

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    Sioux Falls, SD Aberdeen, SD Rapid City, SD Lead, SD Huron, SD Watertown, SD Tea, SD Vermillion, SD
    11 properties
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    Rapid City Multifamily Value-Add Opportunity
    Updated: Mar 7
    Rapid City Multifamily Value-Add Opportunity

    10 E Quincy St, Rapid City, SD 57701

    $899,000
    4,953 sqft
    Value‑add opportunity with three intentionally vacant units for immediate stabilization and increased income.
    Proven unit mix generating $67,200 annual gross income with potential to reach $100,200 at full stabilization.
    Below‑market three‑bedroom lease renewal in August 2026 offers additional revenue growth potential.
    Located in Rapid City's Midtown corridor, close to South Dakota School of Mines and Technology and downtown.
    Strong rental market supported by SDSM&T, Monument Health, downtown professionals, and Black Hills in‑migration.
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    This listing looks promising.

    Here's a quick look at some key insights for

    10 E Quincy St, Rapid City, SD 57701

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    • Est. Cap Rate

      3.9%
      NOI ÷ price

    • Est. NOI

      $35K
      Annual

    • Price @ 7% Cap

      $502K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1956
    View Property Analytics
    8-Unit Apartment Building with Parking
    Updated: Mar 27
    8-Unit Apartment Building with Parking

    811 Mallow Street, Rapid City, SD 57701

    $999,500
    5,198 sqft 0.40 AC lot
    8‑unit apartment complex built in 2005 with 4 units on the upper level and 4 units on ground level
    Unit mix includes 2BD/1BA and 3BD/2BA units; rent ranges from $875 to $1,075 per unit
    Each unit has private entry, open‑concept living space, full kitchen, and private in‑unit laundry; separate electric meters
    Ground‑level units are zero‑entry for accessibility; upper units are accessed via refreshed decks on both ends
    Private parking lot and paved street; frame construction with composition roof
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    8-Unit Multifamily Apartment Building
    8-Unit Multifamily Apartment Building

    10 E Quincy Street, Rapid City, SD 57701

    $899,000
    0.16 AC lot

    Eight-unit multifamily property with coin-operated laundry, off-street parking, and landlord-paid utilities.

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    8-Unit Multifamily Investment
    8-Unit Multifamily Investment

    10 E QUINCY, Rapid City, SD 57701

    $899,000

    8-unit multifamily building with off-street parking, coined common laundry, and landlord-paid utilities on a non-conforming zoning basis.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Move-In Ready Duplex with Garages
    Move-In Ready Duplex with Garages

    905/907 Clark Lane, Rapid City, SD 57702

    $550,000
    2,680 sqft

    Renovated duplex offers independent living units, privacy-fenced outdoor space, and alley access to parking.

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    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
    Rented Duplex Investment

    3417 W RAPID, Rapid City, SD 57702

    $285,000

    Conforming duplex with both units rented and zero vacancy for over three years.

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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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    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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    Single-Family Rental Portfolio
    Single-Family Rental Portfolio

    270 Landmark Court, Box Elder, SD 57719

    $4,150,000

    19 modern rental homes with detached single-car garages and tenant-paid utilities provide a ready-made residential income portfolio.

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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 27 Potential Opportunities for your consideration. Besides 11 Active listings in Pennington County, SD, we suggest exploring several alternatives: similar 12 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.

    Land Parcel with Interstate Exposure
    Land Parcel with Interstate Exposure

    Harmony Heights Lane, Rapid City, SD 57702

    $600,000
    7.47 AC lot

    7.47-acre parcel opposite Harmony Heights Apartments, positioned for potential medium- to high-density residential development.

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    Residential Lot in Rapid City
    Residential Lot in Rapid City

    3116 Fran Way, Rapid City, SD 57703

    $81,700
    0.25 AC lot

    Residential lot for sale in a growing Rapid City subdivision.

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    Residential Lots in Copperfield Vista
    Residential Lots in Copperfield Vista

    3124 Fran Way, Rapid City, SD 57703

    $81,700
    0.25 AC lot

    Premium residential lots in a growing Rapid City location.

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    Residential Land in Copperfield Vista
    Residential Land in Copperfield Vista

    3212 Fran Way, Rapid City, SD 57703

    $81,700
    0.24 AC lot

    Premium lots in Copperfield Vista subdivision, Rapid City, SD.

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    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.

    Grandview Dr
    Land

    0 Grandview Dr, Rapid City, SD 57701

    Value Estimation by Request
    9.85 AC lot
    View details
    Sammis Trl
    Land

    0 Sammis Trl, Rapid City, SD 57702

    Value Estimation by Request
    38.18 AC lot
    View details
    13865 Clydesdale Rd
    Farms

    13865 Clydesdale Rd, Rapid City, SD 57702

    Value Estimation by Request
    67.60 AC lot
    View details
    Sammis Trl
    Land

    0 Sammis Trl, Rapid City, SD 57702

    Value Estimation by Request
    120.00 AC lot
    View details
    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 Residential Income Properties Market Trends and Statistics

    Explore 23 residential income properties for sale in Pennington County, SD, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 12,831 square feet of properties for sale, with an estimated market value of $2,448,500.

    Sale prices for residential income properties in Pennington County, SD start at $550,000, averaging $816,166, 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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