Rapid City, SD Residential income properties for sale

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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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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$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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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.

$600,000

7.47 Acres

Rapid City Residential Development Land

7.47 acres suitable for apartments or townhomes development.

TBD Harmony Heights Lane, Rapid City, SD 57702

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$375,000

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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$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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$81,700

0.25 Acres

Residential Lots in Copperfield Vista

Premium residential lots in a growing Rapid City location.

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 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.

Rapid City, SD Residential Income Properties for Sale

Rapid City Apartment Investment Opportunity

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