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    Rapid City, SD
    Residential Income

    Rapid City, SD Residential Income Properties for Sale

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    Box Elder, SD Summerset, SD Piedmont, SD Black Hawk, SD Keystone, SD Nemo, SD Sturgis, SD Hermosa, SD
    11 properties
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    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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    This listing looks promising.

    Here's a quick look at some key insights for

    811 Mallow Street, Rapid City, SD 57701

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    • Est. Cap Rate

      3.7%
      NOI ÷ price

    • Est. NOI

      $37K
      Annual

    • Price @ 7% Cap

      $527K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 2005
    View Property Analytics
    8-Unit Multifamily Apartment Building
    Updated: Jun 12
    8-Unit Multifamily Apartment Building

    10 E Quincy Street, Rapid City, SD 57701

    $899,000
    0.16 AC lot
    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.
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    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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    Rapid City Multifamily Value-Add Opportunity
    Rapid City Multifamily Value-Add Opportunity

    10 E Quincy St, Rapid City, SD 57701

    Contact for pricing
    4,953 sqft

    8-unit multifamily property with value-add potential in Rapid City.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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 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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    Triplex with Detached ADU
    Triplex with Detached ADU

    510 E Chicago, Rapid City, SD 57701

    $334,900

    Non-conforming tri-plex includes a main residence, finished basement suite, and detached one-bedroom efficiency cottage with electrical upgrades.

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    Brick Apartment Complex
    Brick Apartment Complex

    225 E Watertown St, Rapid City, SD 57701

    $1,450,000

    Seventeen-unit, all-brick apartment building with on-site parking and laundry, plus recent boiler, water heater, and window updates.

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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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    Duplex with Separate Basement Entrance
    Duplex with Separate Basement Entrance

    518 E Philadelphia St, Rapid City, SD 57701

    Contact for pricing

    Newly updated duplex with two bedrooms on the main level and a separate 1 bed, 1 bath basement entrance.

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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 30 Potential Opportunities for your consideration. Besides 11 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.

    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    324 White Street, Lead, SD 57754

    $400,000
    2,690 sqft

    Two-level main residence plus a separate ADU apartment, each with dedicated laundry, on a secured shared property.

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    Four-Plex Residential Income Property
    Four-Plex Residential Income Property

    2100 E Ida St, Sturgis, SD 57785

    $559,900
    4,572 sqft

    Well-maintained four-plex with in-unit laundry hookups, designated storage, and outdoor decks/patios.

    View details
    Triplex Income Property Fixer-Upper
    Triplex Income Property Fixer-Upper

    1958 Junction Avenue, Sturgis, SD 57785

    $249,500

    Triplex with three rented single-family homes needing significant updates and repairs.

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    Residential Lot with Existing Structure
    Residential Lot with Existing Structure

    726 Sawyer St, Lead, SD 57754

    $45,000
    0.09 AC lot

    Residential lot in the Lead-Deadwood School District with an older structure and nearby utilities for possible renovation or redevelopment.

    View details

    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.

    View details

    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

    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
    3212 Fran Way
    Land

    3212 Fran Way, Rapid City, SD 57703

    Value Estimation by Request
    0.24 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
    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

    Rapid City, SD Residential Income Properties Market Trends and Statistics

    Explore 22 residential income properties for sale in Rapid City, 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 $5,156,400.

    Sale prices for residential income properties in Rapid City, SD start at $78,000, averaging $572,933, and reaching up to $1,450,000 — 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 11
    Duplexes 5
    Apartment buildings 4
    Mobile home & RV parks 1
    Triplexes 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 $366.7K
    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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    Most Searched ZIP Codes in Rapid City, SD

    • 57701
    • 57702

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