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    Rapid City, SD Residential Income Properties for Sale

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    Box Elder, SD Summerset, SD Black Hawk, SD
    8 listings
    8-Unit Apartment Building with Parking
    $999,500
    5,198 SF
    8-Unit Apartment Building with Parking

    811 Mallow Street, Rapid City, SD 57701

    Eight-unit apartment building with private parking, zero-entry ground access, and in-unit laundry plus separate electric meters.
    • 8‑unit apartment complex built in 2005 in central Rapid City (4 upper, 4 ground level).
    • Unit mix: combination of 2 bed/1 bath and 3 bed/2 bath units; rents range from $875 to $1,075 per unit.
    • All units have private entries, open‑concept living space, full kitchen, and private in‑unit laundry; separate electric meters.
    • Ground‑level units are zero‑entry; upper levels are accessed via recently refreshed decks on both ends of the building.
    • Wall A/C throughout, electric heating, and composition roof; frame construction.
    Updated: Mar 27
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    Rapid City Multifamily Investment Property
    $899,000
    0.16 Acres
    Rapid City Multifamily Investment Property

    10 E Quincy Street, Rapid City, SD 57701

    8-unit multifamily property near downtown and School of Mines.
    • 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.
    Updated: Apr 22
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    Move-In Ready Duplex with Garages
    $550,000
    2,680 SF
    Move-In Ready Duplex with Garages

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

    905/907 Clark Lane, Rapid City, SD 57702

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    Rented Duplex Investment Property
    $285,000
    Rented Duplex Investment Property

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

    3417 W Rapid Street, Rapid City, SD 57702

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    Up-Down Duplex With Separate Entrances
    $265,000
    1,640 SF
    Up-Down Duplex With Separate Entrances

    Updated up-and-down duplex offers separate secured entrances, private tenant parking, and in-unit laundry for both homes.

    3225 W Rapid Street, Rapid City, SD 57702

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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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    Side-by-Side Duplex Opportunity
    $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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    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 Road, Rapid City, SD 57701

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    Based on your search, we've compiled 27 Potential Opportunities for your consideration. Besides 8 Active listings in Rapid City, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Prime Custer Mixed-Use Investment
    $2,300,000
    8,700 SF
    Prime Custer Mixed-Use Investment

    Renovated mixed-use property with retail and short-term rental income.

    632 Mt. Rushmore Road, Custer, SD 57730

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    Renovated Multi-Family Property in Custer
    $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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    Mobile Home Court & Storage
    $3,185,000
    17.28 Acres
    Mobile Home Court & Storage

    Turn-key mobile home community and self-storage investment opportunity.

    200 Charles St, Deadwood, SD 57732

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    Deadwood Commercial Property with Parking
    $449,000
    2,268 SF
    Deadwood Commercial Property with Parking

    Four-bedroom commercial property in downtown Deadwood with ample parking.

    31 Charles Street, Deadwood, SD 57732

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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.

    Land Parcel with Interstate Exposure
    $600,000
    7.47 Acres
    Land Parcel with Interstate Exposure

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

    Harmony Heights Lane, Rapid City, SD 57702

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    Residential Land with Panoramic Views
    $350,000
    1.93 Acres
    Residential Land with Panoramic Views

    Rare Rapid City land with development potential and stunning views.

    4022 Linden Ln, Rapid City, SD 57702

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    Land with Panoramic Black Hills Views
    $350,000
    1.93 Acres
    Land with Panoramic Black Hills Views

    Rare land opportunity with flexible residential zoning and stunning views.

    4022 Linden Ln, Rapid City, SD 57702

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    Residential Lot in Rapid City
    $81,700
    0.25 Acres
    Residential Lot in Rapid City

    Residential lot for sale in a growing Rapid City subdivision.

    3116 Fran Way, Rapid City, SD 57703

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    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.

    Grandview Dr
    Land
    Lot: 9.85 Acres
    Value Estimation by Request
    Grandview Dr

    0 Grandview Dr, Rapid City, SD 57701

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    Sammis Trl
    Land
    Lot: 38.18 Acres
    Value Estimation by Request
    Sammis Trl

    0 Sammis Trl, Rapid City, SD 57702

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    3212 Fran Way
    Land
    Lot: 0.24 Acres
    Value Estimation by Request

    3212 Fran Way, Rapid City, SD 57703

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    13865 Clydesdale Rd
    Farms
    Lot: 67.60 Acres
    Value Estimation by Request

    13865 Clydesdale Rd, Rapid City, SD 57702

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    Sammis Trl
    Land
    Lot: 120.00 Acres
    Value Estimation by Request
    Sammis Trl

    0 Sammis Trl, Rapid City, SD 57702

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    Marlin Dr
    Multifamily properties
    Lot: 3.11 Acres
    Value Estimation by Request
    Marlin Dr

    0 Marlin Dr, Rapid City, SD 57703

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    2006 Promise Rd
    HIGH-RISE APARTMENTS
    23,278 SF Lot: 9.23 Acres
    Estimated value
    $1,820,000

    2006 Promise Rd, Rapid City, SD 57701

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    330 Philadelphia St
    HIGH-RISE APARTMENTS
    7,556 SF Lot: 2.71 Acres
    Estimated value
    $580,000

    330 Philadelphia St, Rapid City, SD 57701-1810

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    1617 Debra Dr
    HIGH-RISE APARTMENTS
    12,702 SF Lot: 2.31 Acres
    Estimated value
    $995,000

    1617 Debra Dr, Rapid City, SD 57702-1007

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    636 Cathedral Dr
    HIGH-RISE APARTMENTS
    9,678 SF Lot: 3.10 Acres
    Estimated value
    $760,000

    636 Cathedral Dr, Rapid City, SD 57701-5438

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    1018 11th St
    HIGH-RISE APARTMENTS
    6,868 SF Lot: 0.72 Acres
    Estimated value
    $600,000

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

    View details

    Rapid City, SD Residential Income Properties Investment Opportunities Market Analysis

    Explore 19 residential income properties for sale in Rapid City, SD, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 14,471 square feet of properties for sale, with an estimated market value of $2,934,400.

    Sale prices for residential income properties in Rapid City, SD start at $285,000, averaging $733,600, and reaching up to $1,099,900 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 10
    Apartment buildings 5
    Duplexes 4
    Mobile home & RV parks 1

    Demographics Overview

    Population 99K
    Population Growth (5Y) +3.2%
    Median Household Income $70,356
    College Educated 33.1%

    High-Yield Neighborhoods for Investment

    Identify Rapid City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57702 $376.7K
    57701 $708.4K

    Taxes & Financing

    Tax Rate (average for all types) 1.36%
    Property Tax per SF $31.57 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Pennington County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Rapid City fall within the 25,000 to 50,000 square foot range.

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