32

Pennington County SD Multifamily Homes & Duplexes for Sale

Section Image Section Image
  • /40

    $285,000

    • 4 Beds

    811 Willsie Ave Unit 811, 813, Rapid City, SD 57701

    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 you’re looking

    Agent Photo

    Dante Colicheski

    BLACK HILLS REALTY

    (605) 827-1835

    811 Willsie Ave Unit 811, 813, Rapid City, SD 57701
  • /22

    $247,500

    • 6 Beds
    • 2 Baths
    • 1,952 Sq Ft

    1019 Herman St, Rapid City, SD 57701

    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 &

    Cheri St Pierre Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

    1019 Herman St, Rapid City, SD 57701
  • /16

    $299,000

    • Studio

    1802 Cherry Ave, Rapid City, SD 57701

    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

    Beth Staeckeler Real Broker Spearfish

    1802 Cherry Ave, Rapid City, SD 57701
  • /14

    $324,900

    • Studio

    1010 N 7th St, Rapid City, SD 57701

    Welcome to this character-filled triplex built in 1922 located in North Rapid City. With its unbeatable location near schools, shopping, parks, and downtown amenities, this is a rare opportunity to own a sizable, versatile property in a convenient neighborhood. It features 3total units, (2) 2BD/1BA units and (1) 2BD/1.5BA unit, sharing a communal coin-operated laundry area with an additional

    Beth Staeckeler Real Broker Spearfish

    1010 N 7th St, Rapid City, SD 57701
  • /25

    $359,900

    • 3 Beds

    1916 Hillsview Dr, Rapid City, SD 57702

    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,

    Jared Grosshans THE REAL ESTATE GROUP, INC.

    1916 Hillsview Dr, Rapid City, SD 57702
  • /21

    $5,200,000

    • Studio

    701 Dakota Dr, Rapid City, SD 57702

    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

    Irina Lewis COLDWELL BANKER BLACK HILLS LEGACY

    701 Dakota Dr, Rapid City, SD 57702
  • /16

    $299,900

    • Studio

    1802 Cherry Ave, Rapid City, SD 57701

    Check out this rare opportunity to own a versatile 3-unit property spread across two separate structures on one lot in the desirable Dorr Township! This well-maintained complex offers a perfect blend of income potential and flexibility for investors or owner-occupants. 2 of the units offer multiple updates, spacious 2 bedrooms, 1 bathroom and plenty of room comfort and potential. The separate

    Beth Staeckeler REAL BROKER - SPEARFISH

    1802 Cherry Ave, Rapid City, SD 57701
  • /18

    $750,000

    • 8 Beds

    4002 Lakeview Dr, Rapid City, SD 57702

    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

    Bobby Sundby SUN REAL ESTATE

    4002 Lakeview Dr, Rapid City, SD 57702
  • /19

    $225,000

    • 2 Beds

    333 Saint Paul St, Rapid City, SD 57701

    Awesome income potential in this well-located up/down duplex just five minutes from both the hospital and downtown! This property features two established rental units with great tenants already in place. The main floor unit offers two bedrooms, one full bathroom with a tub/shower combo, and convenient off-street parking. The upstairs unit includes one bedroom, one bathroom with a shower, and its

    Stacey Nelson RE/MAX RESULTS

    333 Saint Paul St, Rapid City, SD 57701
  • /15

    $244,000

    • 4 Beds

    815 Haines Ave, Rapid City, SD 57701

    This home could be a single-family home or used as a duplex. 2 bedrooms up and 2 down. Each level with 1 bath. Lower level is a walkout to the backyard. Attached single car garage. Storage shed in the backyard.

    JEANIA MIDDLETON EXIT REALTY BLACK HILLS

    815 Haines Ave, Rapid City, SD 57701
  • /11

    $268,900

    • 4 Beds

    409 S Madison Ave, New Underwood, SD 57761

    Fantastic rental property!! Both units include 2 bedrooms 1 bath, with unit 1 access to attached single car garage. Both units recently updated. Cap rate is 8%.

    Diane Wilcox COLDWELL BANKER BLACK HILLS LEGACY

    409 S Madison Ave, New Underwood, SD 57761
  • /8

    $665,000

    • 6 Beds

    410 1st St, Keystone, SD 57751

    HERE IS A RARE FIND!!! This 5plesx sits in the middle of old town Keystone. Each unit has been remodeled features a kitchenette, and furnished with all new furniture. This is your perfect opportunity to use as an VRBO/airbnb or long term rental. There is a detached 2 car garage with an upper area that could be used as another apartment or storage.

    Diane Wilcox COLDWELL BANKER BLACK HILLS LEGACY

    410 1st St, Keystone, SD 57751
  • /19

    $250,000

    • 2 Beds

    239 Wright St Unit 239 WRIGHT ST and 23, Rapid City, SD 57701

    Rare opportunity with income potential or multi-unit flexibility! This .31-acre lot includes two separate homes—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

    Amy Hook RE/MAX ADVANTAGE

    239 Wright St Unit 239 WRIGHT ST and 23, Rapid City, SD 57701
  • /30

    $275,000

    • 3 Beds

    911 Haines Ave, Rapid City, SD 57701

    Don’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 setup—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.

    THOMAS PATTON KELLER WILLIAMS REALTY BLACK HILLS

    911 Haines Ave, Rapid City, SD 57701
  • /20

    $275,000

    • 3 Beds

    831 Dilger Ave, Rapid City, SD 57701

    Listed By Tom Blain - Keller Williams Realty Black Hills - 605-716-1111 Investors,,,,,,take a LOOK. Price Reduced $30,000. Great opportunity for a Cash Buyer. Fantastic investment opportunity! This fully occupied 4-plex features four 1-bedroom, 1-bath units with strong rental history and excellent cash flow. Located near schools, shopping, and with easy access to downtown and I-90, this

    Tom Blain KELLER WILLIAMS REALTY BLACK HILLS

    831 Dilger Ave, Rapid City, SD 57701
  • /18

    $6,800,000

    • 6 Beds

    426 & 434 E Fairmont Blvd, Rapid City, SD 57701

    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

    Ed Dreyer RE/MAX ADVANTAGE

    426 & 434 E Fairmont Blvd, Rapid City, SD 57701
  • /14

    $192,000

    • 4 Beds

    217 E Monroe St, Rapid City, SD 57701

    Great investment opportunity, up down duplex with separate entrances in the rear. Each unit has separate electric and gas. Owner pays the water, sewer and trash Main Floor Unit: 2 bedrooms, 1 bathroom, living room, and kitchen. Currently rented for $700/month. Lower-Level Unit: 2 bedroom, 1 bathroom, living room and kitchen Currently rented for $650.00/month Both units have common entrance at

    JOE MUTH COLDWELL BANKER BLACK HILLS LEGACY

    217 E Monroe St, Rapid City, SD 57701
  • /26

    $870,000

    • Studio

    12634. A-D Robins Roost Rd, Hill City, SD 57745

    Welcome to 12634 Robins Roost Rd — a beautifully maintained 4-unit condominium property located just minutes from downtown Hill City. This turnkey investment features two spacious 3-bedroom, 2-bath units and two charming 2-bedroom, 1-bath units — each with its own attached garage, offering convenience and privacy for tenants or owners. Property can be purchased as individual condo’s or as all

    Gage Zieske Blair Allen Luxury Real Estate LLC

    12634. A-D Robins Roost Rd, Hill City, SD 57745
  • /31

    $219,000

    • 5 Beds

    636 Halley Ave, Rapid City, SD 57701

    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!

    STEPHANIE HOLDINGHAUSEN SELLING 605 REALTY LLC

    636 Halley Ave, Rapid City, SD 57701
  • /40

    $36,750,000

    • 5 Beds

    4815 5th St Unit 4801- 4829 5th (165, Rapid City, SD 57701

    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

    TJ Wojtanowicz BLACK HILLS REALTY

    4815 5th St Unit 4801- 4829 5th (165, Rapid City, SD 57701
  • /22

    $825,000

    • Studio

    201 E Nowlin St Unit 203, 205, 207, 209,, Rapid City, SD 57701

    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

    Nicole Petrik Engel & Völkers

    201 E Nowlin St Unit 203, 205, 207, 209,, Rapid City, SD 57701
  • /36

    $1,625,000

    • Studio

    123 E Nowlin St Unit 125,127,129,131,133,, Rapid City, SD 57701

    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

    Nicole Petrik Engel & Völkers

    123 E Nowlin St Unit 125,127,129,131,133,, Rapid City, SD 57701
  • /12

    $1,513,000

    • 3 Beds

    225 E Watertown St, Rapid City, SD 57701

    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

    Ed Dreyer RE/MAX ADVANTAGE

    225 E Watertown St, Rapid City, SD 57701
  • /17

    $450,000

    • Studio

    620 West Blvd, Rapid City, SD 57701

    Charming Historic Multifamily Home with Garage! Located in the West Boulevard Historic District, a beautifully maintained multifamily home offering great investment potential or an ideal owner-occupied setup. The main floor unit features hardwood floors, and abundant natural light, while the lower-level unit has a private entrance, ample storage, and a smart layout for rental income or extended

    Shannon Brinker TRUE NORTH ASSET GROUP

    620 West Blvd, Rapid City, SD 57701
  • /13

    $225,000

    • 5 Beds

    920 Haines Ave, Rapid City, SD 57701

    Listed by Ryan M. Hall | Premier Properties LLC | 605-209-5215. This triplex presents a fantastic investment opportunity with strong income potential. Each unit has a separate electric meter, while water and natural gas are shared, with tenants reimbursing the owner for water, sewer, and trash costs as follows: Main Floor 50%, Lower Level 25%, Upper Level 25%. Main Floor Unit: 2 bedrooms, 1

    RYAN MICHAEL HALL PREMIER PROPERTIES, LLC

    920 Haines Ave, Rapid City, SD 57701
  • /20

    $229,900

    • 5 Beds

    710 Haines Ave, Rapid City, SD 57701

    Well-maintained tri-plex close to downtown Rapid City, 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

    John Roberts THE REAL ESTATE GROUP, INC.

    710 Haines Ave, Rapid City, SD 57701
  • /35

    $550,000

    • Studio

    5789 Corbin Dr Unit & 5823 Corbin Drive, Rapid City, SD 57703

    Looking for a unique opportunity to have an income-generating property? Welcome to Corbin Drive! This property features 3 homes with 4 rentable units all on 1.72 acres and 2 separate lots. There are multiple opportunities with this sale: live in one unit and rent the others, rent all 4 units or buy and sell off 3 units. Current leases need 60 days notice to vacate. The house features 2 units with

    CIERRA VANDERPOL Black Hills SD Realty

    5789 Corbin Dr Unit & 5823 Corbin Drive, Rapid City, SD 57703
  • /2

    $579,000

    • 4 Beds

    303 Northern Lights Blvd E, Box Elder, SD 57719

    Welcome to 303 and 305 Northern Lights Blvd E! New duplex under construction with high quality materials at an affordable price. Excellent opportunity in the heart of the growing city of Box Elder, SD. All utilities separately metered. Built with thoughtful, functional design and long-term durability in mind. With stainless kitchen appliances included, natural gas furnaces, central air, granite

    Kelly Howie RE/MAX ADVANTAGE

    303 Northern Lights Blvd E, Box Elder, SD 57719
  • /11

    $275,000

    • 4 Beds

    1918 Ivy Ave, Rapid City, SD 57701

    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

    LORI PAULSEN SAUSER BEST IN THE WEST REALTY

    1918 Ivy Ave, Rapid City, SD 57701
  • /17

    $275,000

    • 4 Beds

    1914 Ivy Ave, Rapid City, SD 57701

    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

    LORI PAULSEN SAUSER BEST IN THE WEST REALTY

    1914 Ivy Ave, Rapid City, SD 57701
  • /17

    $275,000

    • 4 Beds

    1922 Ivy Ave, Rapid City, SD 57701

    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

    LORI PAULSEN SAUSER BEST IN THE WEST REALTY

    1922 Ivy Ave, Rapid City, SD 57701
  • /48

    $36,750,000 New Construction

    • Studio

    4815 5th St Unit 4801-4829 5th (165 u, Rapid City, SD 57701

    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

    TJ Wojtanowicz Black Hills SD Realty

    4815 5th St Unit 4801-4829 5th (165 u, Rapid City, SD 57701
How to Buy a Home How to Finance a Home How to Sell a Home