Rapid City SD Multi Family for Sale
$269,900
801 N MAPLE AVE Rapid City, SD 57701
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1943
- Baths:
- MLS#:
- 171334
- Subdivision:
- NORTH RAPID
ADDITIONAL INFORMATION
Great looking duplex that has been wonderfully maintained and has a good rental history. Both units separately metered for gas and electric, owner pays water. New roof and partial exterior in 2022. Both units feature freestanding gas fireplaces, 2 beds 1 bath. Great rental income potential. Corner lot provides ample off street parking.
$364,995
625 ST CLOUD Rapid City, SD 57701
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1939
- Baths:
- MLS#:
- 171324
- 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
- Type:
- Duplex
- Sq.Ft.:
- 1,848
- Status:
- NEW LISTING
- 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.
$489,500
3421 COTTONWOOD Rapid City, SD 57702
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1948
- Baths:
- MLS#:
- 171135
- Subdivision:
- COTTONWOODS
ADDITIONAL INFORMATION
Excellent west side location for this 4 plex which consists of one home with an address of 3421 Cottonwood which has three apartments(Units 1-3)and a separate home located on the same lot with an address of 3423 Cottonwood(Unit 4) The property has had long term profitability, recent updates and currently has one vacant apartment(#2) in 3421 Cottonwood that became available the end of October and the home located at 3423 Cottonwood (#4) is vacant and became available the 1st of November. Please call either your real estate agent or the listing agent to arrange your tour of the property with showings requiring a minimum of 24 hrs. Please do not visit the property without a prearranged appointment.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2006
- Baths:
- MLS#:
- 171087
- Subdivision:
- SOUTH PARK
ADDITIONAL INFORMATION
Very nice conforming side by side duplex in SE Rapid city both units have 3 beds and 1 bath 912 SFT over $55,000 of updates in the last few years including new mini splits, new siding, new roof, gutters and downspouts, new fence and landscaping and much more, nice open floor plan, come look at this great duplex today.
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2017
- Baths:
- MLS#:
- 171057
- Subdivision:
- NEW LEAF SUBD
ADDITIONAL INFORMATION
Beautifull well maintained west side 4-plex built in 2017. Each unit is 2 bed 2 bath 1 car garage with extra concrete parking for all the tenants or their guests, each 1301 SFT unit has vinal plank flooring throughout. stainless steel appliances hard surface counter tops and vanities all units have a deck with nice views, the garage has extra storage each unit has a washer and dryer all units have sprinkler systems for added safety and also it helps keep down your insurance costs, call the LA to set up an appointment to look at this great 4-plex it won't last long.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2017
- Baths:
- MLS#:
- 170920
- Subdivision:
- MENARD SUBD
ADDITIONAL INFORMATION
Vista Apartments offers an ideal location in the growing NE corridor of Rapid City with nearby shopping, dining, and entertainment all within walking distance yet settled in a quiet, tucked-away location. This 48-unit property contains all two-bedroom two-bathroom units with stainless steel appliances, updated kitchens, low maintenance hard surface flooring and community laundry rooms on every floor. Exterior entrances and unit specific utilities make for easy maintenance. Significant value add potential on this property with increased marketing efforts and current rents well below the market average. This property is perfectly positioned for the much needed workforce housing crisis in Rapid City. Offers will be accepted through November 15, 2024.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1937
- Baths:
- MLS#:
- 170917
- Subdivision:
- SCHAMBER
ADDITIONAL INFORMATION
Welcome to this westside Rapid City duplex, perfectly situated in a neighborhood close to Stevens High school, West Junior high, and many elementary schools. With a super quick jaunt, you'll be on the Rapid City bike path and heading to the beautiful Canyon lake. This property features two unitsâ??upstairs and downstairsâ??each with 2 bedrooms, 1 bathroom, washer/dryer and off street parking. Whether you're an investor looking for rental income this duplex is a fantastic opportunity! Tenants have been there for many years, hoping to occupy the property for longer. There's also a one car garage that could be rented for storage. Brand new furnace and AC installed in 2023. Â Come invest in a turnkey rental property!
$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!
$1,350,000
4225 APPLE TREE RD Rapid City, SD 57703
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1950
- Baths:
- MLS#:
- 170596
- Subdivision:
- OTHER
ADDITIONAL INFORMATION
Cottonwood Grove is an ideal investment opportunity for both seasoned investors and those looking to enter the real estate market. With its strategic location near the Rapid City Regional Airport, it attracts a diverse range of potential tenants. The 14 mobile home lots provide a steady stream of rental income, offering residents the flexibility of mobile home living. The mobile home rental offers a larger living space and is an attractive option for those seeking a more permanent housing solution The single-family home is perfect for families or individuals who desire a detached living space with a yard. The 3-unit apartment building attracts tenants looking for a multi-family living arrangement or additional income generating opportunities. The efficiency apartment is ideal for single individuals or couples seeking a more compact yet convenient living space. In addition to the existing rental options, the property boasts significant potential for further development.
$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.
$235,000
718 E BLVD Rapid City, SD 57701
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1917
- Baths:
- MLS#:
- 170431
- Subdivision:
- MORGANS ADD
ADDITIONAL INFORMATION
RARE OPPORTUNITY. This up-and-down duplex is located in the heart of rapid city. This property has private entrances to both units. Stepping into the upstairs unit you will be greeted by vaulted ceilings and hardwood floors in the spacious living area. To the right, the kitchen and dining area feature generous cabinet space and plenty of sunlight. On the other side of the living room you will find two bedrooms and the bathroom. Upstairs is the versatile loft as well as a third bedroom. The downstairs unit opens into a roomy living area. Off the living room is a large master bedroom with a second bedroom and the bathroom located down the hall. Continuing through the home you will see access to the backyard along with a practical kitchen area.
- 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:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1952
- Baths:
- MLS#:
- 169816
- Subdivision:
- ROBBINSDALE
ADDITIONAL INFORMATION
Side by side Duplex. Easy to maintain rental income property or live in one and rent the other. Large backyard accessed from walk out basements. Plenty of room in this market to increase both rents unit 1 has never been increased. Unit 2 consists of large living room, eat in kitchen and bathroom on main, two good size bedrooms in walk out basement shared laundry separate washer and dryer this unit has been completely updated with new vinyl windows, kitchen cabinets and counters and appliances, New LVP flooring, new bathroom. Current tenant pays $850 pmth plus utilities. Unit one is in original condition, Tennant has rented over many years and different owners. Unit one has large living eat in kitchen bathroom on main, 2 bedrooms in basement with walk out and shared laundry. Current tenant pays $650 pmth plus utilities. Roof was updated about 5 years ago.
- 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:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- 22404598
- Subdivision:
- Other - Outside Jurisdiction
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!
$275,000
305 ST ANDREW Rapid City, SD 57701
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1947
- Baths:
- MLS#:
- 169225
- 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!
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1978
- Baths:
- MLS#:
- 168917
- Subdivision:
- CHAPEL LANE VLG
ADDITIONAL INFORMATION
Great investment opportunity! Well maintained 8 plex (2 - 4 plex units) located in the beautiful Chapel Valley area. Each unit is 2 bedrooms, 1 bathroom, approx. 854 sq and some units have a small deck or patio space. All units are baseboard heating and some have wall mounted a/c units. Many updates include new windows in 2017 and 2018, UL4 asphalt shingle roof in 2021 and some new dishwashers and water heaters in recent years just to name a few.
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Rapid City Real Estate
The median home value in Rapid City, SD is $353,900. 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 $353,900. 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.