Rapid City SD Multi Family for Sale
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1962
- Baths:
- MLS#:
- 171799
- Subdivision:
- COTTONWOODS
ADDITIONAL INFORMATION
Discover comfortable living in the heart of Rapid City with this charming 4 unit building, perfectly located near the scenic bike path, Canyon Lake Park, and the esteemed Meadowbrook Golf Course. Each unit has its own washer dryer hook up, hardwood floors, separate entrances, and tenant pays utilities.
$260,000
305 ST ANDREW Rapid City, SD 57701
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1947
- Baths:
- MLS#:
- 171740
- Subdivision:
- FLORMANN
ADDITIONAL INFORMATION
Adorable ranch-style home perfectly set up to be a non-conforming duplex, investment property, or starter home! Cheery kitchen hosts white cabinets, great countertop space, and tile floor. Streams of sunshine pour into the ample-sized living room. 2 good-sized bedrooms, full bath & handy laundry complete the main level. Full walkout basement houses a kitchen, sizable living/family room area, 2 more bedrooms, 3/4 bathroom with walk-in shower, laundry area & access to the fenced-in yard. Prime central location close to coffee shops, parks, school and restaurants!
$754,000
1111 SILVER ST Rapid City, SD 57701
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2005
- Baths:
- MLS#:
- 171724
- Subdivision:
- SCOTTS ADD
ADDITIONAL INFORMATION
Looking for an investment opportunity. This 4-unit complex with washer and dryer unit in each unit washer and dryers stay with the complex, and updated flooring is waiting for you. The parking area was recently sealed. All units have a wall AC unit. Each unit has it own water heater and heated by electric radiant heat. Two 2 bedroom units and two 3 bedroom units.
$350,000
625 ST CLOUD Rapid City, SD 57701
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1939
- Baths:
- MLS#:
- 171671
- Subdivision:
- FLORMANN ADD
ADDITIONAL INFORMATION
Charming east side home that can also be used as a duplex!! Brand new kitchen in the upstairs. Cabinets, counters, sinks. All new flooring. Upstairs has all new carpet paint, trim. Some landscaping and will be finishing a small retaining wall. Great rental potential! Lower level is currently rented. Tenant pays their own electric and gas. Water, sewer, and garbage is split between both units.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1956
- Baths:
- MLS#:
- 171593
- Subdivision:
- NORTH RAPID ADD
ADDITIONAL INFORMATION
Nice side by side duplex each unit has 2 bedrooms with laundry utility closet in both units. Both units have updated kitchens with built in dishwashers. Long term tenants' rents could be raised. Parking in alley for back tenant and parking in front of street for front unit.
$625,000
720 MALLOW Rapid City, SD 57701
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2000
- Baths:
- MLS#:
- 171526
- Subdivision:
- MALLOW ADD
ADDITIONAL INFORMATION
Welcome to 720 Mallow St! Here is your opportunity to have passive income and either rent all units or live in one and rent the rest. All units are 2 bedrooms and 1 bathroom, each with a 2-car garage! The structure was built in 2000 and has strong tenants in place. Interior of the units features LVP flooring, carpet, Stoves, Fridges, Dishwashers, and washer/dryer hookups. The exterior features ample parking with alley access, decks on each unit, vinyl windows, maintenance-free siding, and unique up/down units. Call to view today
$665,000
719 SILVER ST Rapid City, SD 57701
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1998
- Baths:
- MLS#:
- 171527
- Subdivision:
- MALLOW ADD
ADDITIONAL INFORMATION
Welcome to 719 Silver St! This 4-unit complex has been all remodeled and ready for new owners. Each unit features a split foyer unit with 2 bedrooms, 2 bathrooms, and 2 car garages. Interior of the units features new appliances, LVP flooring, carpet, some windows, and doors have also been replaced, washer/dryer hookups, stoves, fridges, dishwashers, and great layouts. Outside you have ample parking in front and alley access with 2 car garages for each tenant in the back, a nice, covered deck, and great yard space for tenants as well. Call to view today
$350,000
513 E WATERTOWN Rapid City, SD 57701
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1939
- Baths:
- MLS#:
- 171521
- Subdivision:
- SCHNASSE
ADDITIONAL INFORMATION
5-unit motel needs a complete remodel, units in motel to the south rent for $1000 / mo being sold as is with no repairs, good location for monthly rentals close to the intersection of Lacrosse and E North St great project for someone willing to do the work with the potential of $5000 / mo in rents.
$1,900,000
3313 SW LELAND LN Rapid City, SD 57702
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1999
- Baths:
- MLS#:
- 171426
- Subdivision:
- SCHAMBER
ADDITIONAL INFORMATION
Excellent location in South West Rapid City. Close to parks and ball fields, There is assigned parking and video coverage of parking. Owners provides boiler heat and pays for water and sewer. Tenant pays for electrical.. Spacious studio apartments with fold down beds, full kitchens
$2,000,000
1920 SW MONTE VISTA DR Rapid City, SD 57702
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2003
- Baths:
- MLS#:
- 171424
- Subdivision:
- SCHAMBER
ADDITIONAL INFORMATION
Each unit has washer and dryer hook ups. About 1/2 tenant owns and the other 1/2 owner own. Tenant maintain all units and can replace with their own if desired. Excellent SW location near to public school. Exceptional Investment potential. 2/8 plexes for a total of 16 units, all 2 bed/2 bath. Every unit has Microwave, dishwasher, sroves, and refrigerators. Each unit has its own a patio or deck and ample parking. Master bedrooms have walk-in closets. 9 foot ceilings and skylights.
- Type:
- Duplex
- Sq.Ft.:
- 1,848
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- 82305
- Subdivision:
- Millard Addition
ADDITIONAL INFORMATION
Welcome to this cash-flowing duplex investment property, perfectly set up with an up-and-down layout and a fantastic 6.5% cap rate. Each unit has been thoughtfully updated, making this a prime income-generating opportunity. The basement unit features 2 bedrooms and 1 bathroom with various updates along with new flooring and new paint throughout. The upper unit offers 3 bedrooms and 1 bathroom, blending new flooring with well-preserved original hardwood. The living space has been freshly painted and extends into a covered patio. Recent upgrades include a new roof (2022), new radon mitigation system, newly paved driveways, fresh landscaping, and a fully fenced yard. Each unit has its own washer and dryer for added convenience, and tenants will love the abundant outdoor space and privacy. This is a turn-key investment with strong cash flow, stable income, and upgrades that enhance long-term value. Donâ??t miss out on adding this solid duplex to your portfolio or starting your investment journey (P.S. this could be a great candidate for house hacking)! Listed by Madison Reeves -Keller Williams Realty Black Hills, Spearfish (605) 569-9019
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1921
- Baths:
- MLS#:
- 171257
- Subdivision:
- NORTH RAPID ADD
ADDITIONAL INFORMATION
Investment opportunity! This well-maintained fourplex with a studio apartment that is separate and located on the same corner lot, offering three 1-bedroom units and one unit with two bedrooms in a convenient area. Each unit is designed with comfortable living in mind, featuring well-appointed interiors that attract reliable, long-term tenants. The property includes a communal laundry room, adding convenience and value for tenants, with ample parking and an extra lot that will be included with the purchase of this fourplex. This fourplex is ideal for both first-time and seasoned investors looking to expand their portfolio. Donâ??t miss out on this fully occupied, income-generating property in a great location. Perfect for investors seeking stable cash flow!
$600,000
617 HAINES AVE Rapid City, SD 57701
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1952
- Baths:
- MLS#:
- 171258
- Subdivision:
- NORTH RAPID ADD
ADDITIONAL INFORMATION
This unique three-plex offers three individual units, each featuring two bedrooms, one bathroom and on unit A it is two bedrooms and 2 bathrooms, and plenty of desirable amenities. Each unit includes: â?¢ Private Laundry Hook-Ups in the units for added convenience â?¢ Fenced-In Yards for outdoor enjoyment â?¢ On-Site Parking to make life easier â?¢ Separate Shed Storage for each unit to keep things organized This is a fantastic opportunity for investors or those looking for multi-unit living. Ideal for families, pet owners, and anyone who values a little extra outdoor space.
$295,000
1922 IVY AVE Rapid City, SD 57701
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1952
- Baths:
- MLS#:
- 171136
- Subdivision:
- ROBBINSDALE
ADDITIONAL INFORMATION
Come and See!...This duplex is a side by side duplex, sharing a front enclosed entryway. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. The living room and kitchen area are on the main level, as is the bath; there is a staircase down to two bedrooms with a shared utility room in the back of the lower level. Access to the backyard is through the utility room; each unit has a separate, secured entry into the laundry/utility room. Due to the design, there is alot of natural light throughout the house. With a nice front yard area and a larger, fenced-in back yard; off-street parking in the front.
$295,000
1914 IVY AVE Rapid City, SD 57701
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1952
- Baths:
- MLS#:
- 171137
- Subdivision:
- ROBBINSDALE
ADDITIONAL INFORMATION
Come and See!...This duplex is a side by side duplex, sharing a front enclosed entryway. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. The living room and kitchen area are on the main level, as is the bath; there is a staircase down to two bedrooms with a shared utility room in the back of the lower level. Access to the backyard is through the utility room; each unit has a separate, secured entry into the laundry/utility room. Due to the design, there is alot of natural light throughout the house. With a nice front yard area and a larger, fenced-in back yard; off-street parking in the front.
$295,000
1918 IVY AVE Rapid City, SD 57701
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1952
- Baths:
- MLS#:
- 171138
- Subdivision:
- ROBBINSDALE
ADDITIONAL INFORMATION
Come and See!...This duplex is a side by side duplex, sharing a front enclosed entryway. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. The living room and kitchen area are on the main level, as is the bath; there is a staircase down to two bedrooms with a shared utility room in the back of the lower level. Access to the backyard is through the utility room; each unit has a separate, secured entry into the laundry/utility room. Due to the design, there is lots of light throughout the house. There is a nice front yard area and a larger, fenced-in back yard; off-street parking in the front.
$200,000
711 5TH ST Rapid City, SD 57701
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1934
- Baths:
- MLS#:
- 170638
- Subdivision:
- ORIGINAL TOWN
ADDITIONAL INFORMATION
This Non-conforming duplex offers a unique investment opportunity, but must be sold with or at the same time as the historic Pillen Optical Building (MLS 170636) in downtown Rapid City. The property features two units: a 1-bedroom, 1-bathroom apartment upstairs and a 2-bedroom, 1-bathroom unit downstairs with access to a basement space. A single-car garage is included, adding convenience for tenants or owners. Located directly behind the Pillen Optical Building, this duplex is ideal for generating rental income or as part of a larger redevelopment vision in this revitalized downtown area. Donâ??t miss out on this excellent opportunity!
$235,000
231 QUINCY Rapid City, SD 57701
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1909
- Baths:
- MLS#:
- 170541
- Subdivision:
- ORIGINAL TOWN
ADDITIONAL INFORMATION
Welcome to 231 Quincy St in Rapid City! This up/down duplex home is ready for new owners! The main level, there is a kitchen, laundry, full bath, 2 bedrooms, dining area, living room, 4 seasons room, and wood floors. The lower level features a living room, 2 bedrooms (NTC), a full bath, and a small kitchen. Outside you have a large corner lot, alley access parking, and a fenced yard. Live in one unit and rent the other. Call to view today!
$279,000
710 HAINES AVE Rapid City, SD 57701
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1954
- Baths:
- MLS#:
- 170470
- Subdivision:
- NORTH RAPID ADD
ADDITIONAL INFORMATION
Very well-maintained tri-plex close to downtown, new roof and siding in 2020, new electrical meters to all three units and individual gas meters to all units, lots of off-street parking for the tenants, rents are under market and should be adjusted and a water fee should be applied landlord replaced some windows and decking in 2023 so maintenance expenses were higher than usual, Lots of upside for the right owner. common parking for all tenants at the rear of the home off the alley.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1975
- Baths:
- MLS#:
- 170349
- Subdivision:
- SOUTH PARK
ADDITIONAL INFORMATION
Great investment property. This side by side duplex has 2 bedrooms and 1 bath in each unit, nice sized rooms, and a private backyard area for each tenant along with a shared large storage shed. 100% Occupancy for present owner since 2009-- south unit will be vacant prior to closing to allow owner occupancy and/or new owner to set rental terms for that unit. North unit has long term tenant with current lease through Sept 2025. Each unit has separate HVAC, Central Air, and water heater. HVAC replaced Spring 2024, central air conditioning added Summer 2024, new siding, storage shed and privacy fence. Tenants pay electric/gas property owner pays garbage/water/sewer.
$500,000
818 WEST BLVD Rapid City, SD 57701
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1914
- Baths:
- MLS#:
- 170250
- Subdivision:
- ORIGINAL TOWN
ADDITIONAL INFORMATION
PRIME CORNER LOT ON WEST BLVD with possibility of 4 rentals in the exclusive Historic district, with close walkable proximity to downtown Rapid City, this 1914 historical home presents an excellent rental opportunity. Whether it's offering short-term rentals to visitors eager to experience the city's rich history, culture, and outdoor attractions, or attracting long-term tenants, this property is poised to generate steady rental income for its owners. Upon entering, visitors are greeted by the main unit, which could serve as the owner's residence or a primary rental, features spacious living areas, 3 Bedrooms and 2 Bath. Also includes two cozy studio units designed to maximize space and functionality while retaining the home's historic charm. Home features off street private parking. Home was previously rented as a quadplex. Recent upgrades include a new roof, fresh paint, upgraded deck and new appliances in the main kitchen. Weâ??d be delighted to have you see this home today!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1963
- Baths:
- MLS#:
- 169290
- Subdivision:
- NOWLIN & WOOD
ADDITIONAL INFORMATION
Now is the time to invest in Rapid City as it continues to grow and expand and this is a great opportunity for you!! Here is a 6 unit (3 duplexes) well maintained complex. Each unit is 2 bedroom, 1 bathroom, each includes: stove, refrigerator, window air conditioner, gas water heater, forced air and there are washer/dryer hookups in each unit. Some units have been upgraded with LVT in living room and kitchen. Ally access and off street parking. Tenant Pays electric and gas separately in their names. Each duplex is a separately plotted lot with its own legal description, possibly allowing you to sell them one at a time or all together.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1963
- Baths:
- MLS#:
- 165189
- Subdivision:
- NOWLIN & WOOD
ADDITIONAL INFORMATION
Now is the time to invest in Rapid City as it continues to grow and expand and this is a great opportunity for you!! Here is a 12 unit (6 duplexes) well maintained complex. Each unit is 2 bedroom, 1 bathroom, each includes: stove, refrigerator, window air conditioner, gas water heater, forced air and there are washer/dryer hookups in each unit. Some units have been upgraded with LVT in living room and kitchen. Ally access and off street parking. Tenant Pays electric and gas separately in their names. Each duplex is a separately plotted lot with its own legal description, possibly allowing you to sell them one at a time or all together.
Rapid City Real Estate
The median home value in Rapid City, SD is $350,000. This is higher than the county median home value of $326,900. The national median home value is $338,100. The average price of homes sold in Rapid City, SD is $350,000. Approximately 56.76% of Rapid City homes are owned, compared to 35.09% rented, while 8.15% are vacant. Rapid City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rapid City real estate agent to arrange a tour today!
Rapid City, South Dakota has a population of 73,942. Rapid City is less family-centric than the surrounding county with 27.21% of the households containing married families with children. The county average for households married with children is 27.5%.
The median household income in Rapid City, South Dakota is $58,072. The median household income for the surrounding county is $62,546 compared to the national median of $69,021. The median age of people living in Rapid City is 38.1 years.
Rapid City Weather
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 14.2 degrees. The average rainfall is approximately 18.2 inches per year, with 38 inches of snow per year.