Pennington County SD Multifamily Homes & Duplexes for Sale

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

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

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

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.

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 the

CAMERON CUMMINGS COLDWELL BANKER BLACK HILLS LEGACY

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

Listed by Melissa Houska with CENTURY 21 ClearView Realty, (605) 209-3031. Here's your chance to invest in an income producing property in the West Boulevard area! Live in one unit and rent the other two, or rent all three! Property could also be returned to a single family residence by making some adjustments. Main level unit is 2 bed/1 bath, upper level is 1bed / 1bath, and basement level is 1

MELISSA HOUSKA CENTURY 21 CLEARVIEW REALTY

Huge $45k price red. 1/19/26. 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

Bobby Sundby SUN REAL ESTATE

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

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 Blair Allen Luxury Real Estate LLC

Great price on this tri-plex that is 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,

John Roberts The Real Estate Group Rapid City

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

Excellent investment opportunity with this well-maintained up and down legally conforming duplex featuring Two 674 square foot units each with 2 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

John Roberts The Real Estate Group Rapid City

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

Listed by Jeremy Kahler, KWBH, 605-381-7500. Looking to build your investment portfolio? Look no further than this up/down duplex with recent updates in a quiet Northwest Rapid City location! *Upper/main level unit is an 840sqft studio with open living space, bathroom with walk in corner shower, large kitchen with pantry closet and private stacking laundry *Lower unit is 800sqft and has 2

JEREMY KAHLER Keller Williams Realty Black Hills SP

Listed with TJ Wojtanowicz - Black Hills Realty - 605-863-1920 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,

TJ Wojtanowicz BLACK HILLS REALTY

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

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

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

Madison Shipman Blair Allen Luxury Real Estate LLC

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

Haley Short Oak & Key Realty, LLC

Welcome to 303 and 305 Northern Lights Blvd E! New duplex with high quality materials at an affordable price complete and ready for occupancy! 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 high end stainless kitchen appliances included, natural gas furnaces,

Kelly Howie RE/MAX ADVANTAGE

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

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

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

TJ Wojtanowicz Black Hills SD Realty

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

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.

Amy Klock RE/MAX ADVANTAGE