Great private location just off of West Boulevard and endless potential for the investment buyer! Occupied unit features 3 bedrooms on the main level and an unfinished basement. Unoccupied unit is a 1 bedroom 1 bath and is in need of renovation. This property will require cash or an in house loan and is being sold as-is.
Beautiful historic multi plex, Three units in the main home with one large 3- bedroom and two 1-bedroom upper units both upper units with large decks with great views all, second home 2- bed 2- bath, there is also a 3-car garage that could generate more income, homes have had many improvements including new siding and roofs, very nice historical property built in 1929 come and take a look at your new investment property today it has a lot of upside for the right owners.
Exceptional Investment Opportunity â?? The Doral Apartments, Fairway Hills~Nestled in the prestigious Fairway Hills neighborhood, directly across from the renowned Arrowhead Country Club, the Doral Apartments present an extraordinary opportunity to own a resort-style multifamily community unlike any other in Rapid City. This beautifully maintained property is set on 10 acres of private park land, offering residents the rare combination of peaceful natural surroundings and convenient city access. The lush, landscaped grounds feature mature trees, winding walking paths, and serene open spaces, providing a tranquil retreat from the bustle of every day life. Community amenities are designed to elevate the resident experience, including a sparkling outdoor pool, modern playground and a spacious community center ideal for private functions, social gatherings, and celebrations. A unique feature of this property is the inclusion of two large guest suites within the community center, available for short-term rental to residents hosting visitors, adding both convenience and a distinctive value proposition. Each apartment home offers a generous floor plan, private garage space and dedicated storage units, ensuring long term tenant satisfaction and ease of leasing. The propertyâ??s reputation for comfort and quality contributes to consistently low vacancy rates. Meticulously cared for, the complex has benefited from significant updates, including new shingles, gutters and metal fascia installed within the past three years, ensuring durability and reduced maintenance costs for years to come. Strategically located just minutes from Downtown Rapid City, major shopping centers and the medical district, the Doral Apartments combine accessibility, prestige and enduring appeal, making this a truly rare and rewarding investment opportunity in one of the cityâ??s most desirable areas.
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.
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.
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.
Turn key investment opportunity! This up & down duplex features two units, each with a private entrance. The upper unit offers 2 bedrooms, 1 bathroom, and a spacious living area. The lower unit includes 1 bedroom and 1 bathroom with an efficient layout. A shared common area with washer and dryer is available for both units. Conveniently located near downtown Rapid City, schools, shopping, and restaurants. Ideal for investors or owner-occupants looking for rental income potential.
Discover an exceptional income-generating opportunity with this meticulously maintained duplex featuring an efficient up-and-down layout and impressive 8%+ cap rate. The lower unit offers 2 bedrooms and 1 bathroom with fresh updates, new flooring, and paint throughout, while the spacious upper unit boasts 3 bedrooms, 1 bathroom, and a beautiful blend of new flooring and preserved original hardwood, plus a covered patio for outdoor living. Strategic capital improvements including a new roof (2022), radon mitigation system, freshly paved driveways, professional landscaping, fencing, a new 10x10 shed (2025) and new sewer line from house to city main(2025) position this property for long-term value and minimal maintenance. New exterior painting is currently in progress. Each unit features in-unit washer and dryer for maximum tenant appeal, separate utilities, and generous outdoor space that supports premium rents and strong retention. Whether you're expanding your portfolio or exploring house-hacking to offset your mortgage while building equity, this turnkey duplex delivers stable cashflow and proven performanceâ??schedule your showing today before this solid performer is gone. Listed by Madison (Reeves) Shipman -Blair Allen Luxury Real Estate (605) 569-9019
Turn key investment opportunity! This up & down duplex features two units, each with a private entrance. The upper unit offers 2 bedrooms, 1 bathroom, and a spacious living area. The lower unit includes 1 bedroom and 1 bathroom with an efficient layout. A shared common area with washer and dryer is available for both units. Conveniently located near downtown Rapid City, schools, shopping, and restaurants. Ideal for investors or owner-occupants looking for rental income potential.
Excellent investment opportunity with this well-maintained up and down legally conforming duplex featuring Two 674 square foot units each with2 bedrooms and a bathroom. This multi-family property offers immediate rental income with current rates of $955 monthly for the upper unit and$925 for the lower unit, which is currently vacant and ready for new tenants. Recent updates throughout the property. The duplex's strategic location provides tenants with convenient access to City Parks, nearby shopping, and essential services including grocery stores and gas stations within easy reach. Whether you're an investor looking to expand your portfolio or a first-time buyer seeking rental income to offset mortgage payments, this property delivers solid fundamentals. The combination of updated features, competitive rental rates, and desirable neighborhood amenities creates an attractive package for both current and future tenants.
Check out this rare opportunity to own a versatile 3-unit property spread across two separate structures on one lot in the desirable DorrTownship! This well-maintained complex offers a perfect blend of income potential and flexibility for investors or owner-occupants. 2 ofthe units offer multiple updates, spacious 2 bedrooms, 1 bathroom and plenty of room comfort and potential. The separate stand-aloneunit offers the privacy of 1 bedroom and 1 bathroom for a cozy home feel to any tenant. With the well groomed .33 acre lot, both unitshave optimal space and serenity. With a strong rental history this property is an investor's dream. Enjoy the convenience of being justmoments from the heart of the city. Whether you're commuting to work, heading out for dinner, or catching a show, everything downtownhas to offer is right at your fingertips! Call today for more info on how you can make this dream your reality. Listed by Beth Staeckeler-Blair Allen Luxury Real Estate 631-902-6095
This stylish little duplex has been beautifully updated and offers an extremely versatile floor plan with unlimited options for you to explore! You could have a single-family home. You could own a money-making duplex. You could live in one half of the home and rent out the other half. You could even share the home with a family member or a friend, while you each retain separate kitchens, bathrooms, laundry rooms, and entrances. The location is absolutely amazing! Within minutes you'll find parks, schools, golfing, shopping, restaurants, sporting events, gyms, a lake, and even a dog park! Massive off-street parking lot. The home offers all of these amenities along with an incredibly private back yard, complete with flower gardens and a fire pit/barbeque area. SERENITY NOW!
Unbeatable location in the heart of west side Rapid City, adjacent to Sioux Park and the bike path - just minutes from schools, shopping, downtown, and countless dining options. This 48-unit apartment complex includes 44 two-bedroom units, 4 one-bedroom units, and 48 on-site storage units. 2nd and 3rd floor units have large balconies to enjoy the beautiful park setting. Tenants enjoy convenience and location, while owners benefit from thoughtful maintenance and improvements over the years, including durable siding, new roofs, custom exterior doors, lighting, water heaters, resurfaced parking lot, security system, concrete work (in progress), among many other updates. With its prime location and strong rental appeal, this complex is a rare opportunity to buy in the heart of Rapid City. Coin operated laundry in each building.
Investment Opportunity... Rare fourplex by Canyon Lake! This westside Rapid City located westside four-plex brings in consistent rental income with extremely low vacancy rate. Each unit has 2 bedrooms, 1 bathroom, and full kitchen. Separately metered units with electric baseboard & cove heat. One tenant said it averages around $100 per month. Large 918 sf units per DOE. All four units are fully occupied 1-year leases with 60-day notice. Units 1 & 2 are upstairs. Units 3 & 4 are downstairs. Separate coin laundry available with keyed entrance. Bottom two units have recently been remodeled. Owner pays gas ($174 total in '24), water, sewer & trash ($3,001 in '24). Tenant pays electricity. Unit four bathroom is handicap accessible. Photos from Unit 1. Other unit photos available. One other unit has newer trim/doors etc. Lakeview is one street North of Jackson Blvd. Easy walk to Canyon Lake Park and the bike path! 3,712 sf per County, priced at only $188 per foot! Cost of new construction might be $300-400/ft, let alone trying to find a a multi-family westside lot.
Offered by Dante Colicheski Black Hills Realty. Excellent investment opportunity in a convenient Rapid City location! This well-maintained duplex offers two spacious units, each with its own private entrance, ample parking, and functional layouts. Both units feature generous living areas, full kitchens, and in-unit laundry hookups, making them highly attractive to tenants. Whether youâ??re looking to expand your rental portfolio or live in one unit while offsetting your mortgage with income from the other, this property provides flexibility and long-term potential. Situated close to schools, shopping, and major roadways, vacancy risk stays low and rental demand stays high. Donâ??t miss your chance to secure a solid property with strong returns.
Rare opportunity with income potential or multi-unit flexibility! This .31-acre lot includes two separate homesâ??each with private laundry hookups, a refrigerator, and a stove/range. Both units feature newer water heaters and furnaces. Updated sewer line! 239 Wright St is a 754 sq ft, 2 bed, 1 bath home on a crawlspace with easy outside access. Features include an updated bathroom and several kitchen updates. 237 Wright St is a spacious 1,728 sq ft, 4 bed, 1 bath home. The main level includes 2 bedrooms and 1 bathroom, while the lower level offers 2 more bedrooms, laundry area, and storage. This is a handyman special with so much potentialâ??live in one unit and rent or renovate the other, use both as income-producing properties, or explore zoning and sewer upgrades to build a 4-plex (buyer to verify). Whether you're looking for a project, an investment, or a place with flexibility, this setup offers the space and layout to bring your vision to life. Located minutes from shopping, entertainment, medical facilities, and the I-90 corridor, itâ??s a convenient location with possibilities that are hard to find in todayâ??s market.
Donâ??t miss out on this solid up/down duplex with a lot to offer. Both units have been updated with fresh paint and new flooring, giving each space a clean, modern feel. The lower unit is a 1 bedroom, 1 bath setupâ??simple and efficient, great for a single renter or couple. Upstairs is a roomy 2 bedroom, 1 bath unit that feels bright and inviting, making it an easy choice for long-term tenants. Outside, the home features a fully fenced backyard that offers privacy and space to relax or let pets roam. Thereâ??s also a deck area thatâ??s perfect for enjoying morning coffee or unwinding in the evenings, plus two raised garden beds ready for your favorite veggies or flowers. Whether you're looking to expand your rental portfolio or get into multi-unit ownership, this duplex is a low-hassle option with updates already in place and tenants already in residence. A great opportunity to step into a steady income property from day one.
81 unit apartment complex with a mixture of studio (24), 1 bed (27), 2 bed (24), a3 bed apartments (6), and 12 garages. Conveniently located in SE Rapid City just down the street from Monument Hospital and between two major thoroughfares HWY 16 and HWY 79. Robbinsdale Park complex is directly to the East of this property offering tenants numerous recreation opportunities as well. The property is well kept and has a low vacancy rate making this a great opportunity add a great multifamily complex to your portfolio in the fast growing Rapid City market.
Get ready to invest in opportunity - this duplex is ideal for rental income! Two spacious units with separate entrances on a corner lot. Main unit highlights a sizable kitchen with dark wood cabinets, ample countertop space, and striking hardwood floors leading into a dining area and an expansive, open living room & 2 sliders to an open, wrap-around deck. 3 good-sized bedrooms, 1 full bathroom & laundry hook-ups. Basement unit mirrors the top, featuring a kitchen with wood vinyl flooring extending into the dining area, large living room & walkout to the covered patio. 3 more good-sized bedrooms, 1 full bathroom & laundry hook-ups. No-maintenance yard. High-efficiency, on-demand tankless water heater, newer steel roof and foam insulation. It is zoned as a single family unit, according to county records, but is metered separately: water, gas and electricity. Close to schools, grocery stores, shopping, and downtown Rapid City!
Seller offer $10,000 credit to buyer and will consider carrying a 2nd! Great investment opportunity! Side by side duplex with a large lot. Updated roof, water heaters, furnance, sewer line, electric and plumbing. Great rental history with room to grow. Just needs a little cosmetic TLC!
ATTENTION INVESTORS: 165 units with 72 garage stalls. 11 Buildings with 15 apartments per unit. 4 sets of garages each with 18 spaces. Garage spaces rent for $100 per month. Each building has 3 studio apartments of 558 sq ft that rent for $900 per month. 6- 1 bedroom 1 bath apartments at 774 sq ft that rent for $1100 per month. 6 -2 bedrooms, 2 bath at 1013 sq ft renting for $1400. Appliances will be Whirlpool stainless steel. Refrigerator, Range, Microwave and dishwasher. Washer and dryer are white stackable set in each apartment. Maintenance Free decking and railings in building corridors and stairs. Carpet in bedrooms. LVF vinyl flooring in kitchen, living room, bathrooms and washer dryer closet. Trex decking. Metal railing,
ATTENTION INVESTORS: 165 units with 72 garage stalls. 11 Buildings with 15 apartments per unit. 4 sets of garages each with 18 spaces. Garage spaces rent for $100 per month. Each building has 3 studio apartments of 558 sq ft that rent for $900 per month. 6- 1 bedroom 1 bath apartments at 774 sq ft that rent for $1100 per month. 6 -2 bedrooms, 2 bath at 1013 sq ft renting for $1400. Appliances will be Whirlpool stainless steel. Refrigerator, Range, Microwave and dishwasher. Washer and dryer are white stackable set in each apartment. Maintenance Free decking and railings in building corridors and stairs. Carpet in bedrooms. LVF vinyl flooring in kitchen, living room, bathrooms and washer dryer closet. Trex decking. Metal railing,
Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 6-unit complex (three duplexes) offers an excellent opportunity. Each unit features 2 bedrooms, 1 bathroom, a stove, refrigerator, window air conditioner, gas water heater, and forced air heating. Washer and dryer hookups are also included in every unit. Some units have been upgraded with LVT flooring in the living room and kitchen. Additional features include alley access and off-street parking. Tenants are responsible for their own gas and electric utilities. Each duplex sits on a separately plotted lot with its own legal description, providing the potential to sell them individually or as a complete package. Donâ??t miss out on this fantastic investment!
Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 12-unit complex (six duplexes) offers a fantastic opportunity for investors. Each 2-bedroom, 1-bathroom unit includes a stove, refrigerator, window air conditioner, gas water heater, and forced air heating, along with washer/dryer hookups for added convenience. Some units have been upgraded with LVT flooring in the living room and kitchen. Additional features include alley access and off-street parking. Tenants pay their own gas and electric utilities. Each duplex sits on a separately plotted lot with its own legal description, providing the flexibility to sell them individually or as a complete package. Donâ??t miss out on this incredible investment opportunity!
Solid 17 unit apartment complex in the heart of Rapid City with easy access to city center, shopping and public transportation. All brick construction making for ease of maintenance with recent updates including: New centralized boiler, 2021, Centralized water heater 2022 and some new windows. Property has low vacancy, on site laundry, decorative security fence, on site parking and is ready for it's new owner.
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Rapid City is located in South Dakota. 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.
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.
