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Pennington County SD Multifamily Homes & Duplexes for Sale

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  • /30

    $4,150,000

    $200K PRICE DROP
    • Studio

    270 Landmark Ct, Box Elder, SD 57719

    Listed by Kevin Andreson, Keller Williams Black Hills | 605-646-5409 Single-Family Rental Portfolio – 19 Homes | Box Elder, SD Exceptional opportunity to acquire a 19-home single-family rental portfolio in the rapidly growing community of Box Elder, South Dakota, located just minutes from Rapid City and Ellsworth Air Force Base, home to the future B-21 Raider mission. The significant expansion

    Agent Photo

    Kevin Andreson

    Keller Williams Realty Black Hills SP

    (605) 605-1544

    270 Landmark Ct, Box Elder, SD 57719
  • /34

    $265,000

    • 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) 667-4915

    811 Willsie Ave Unit 811, 813, Rapid City, SD 57701
  • /38

    $325,000

    • 2 Beds

    1116 Mount Rushmore Rd, Rapid City, SD 57701

    Listed by TJ Wojtanowicz at Black Hills Realty 605-863-1920. Combining historical character with modern comforts, welcome to 1116 Mt Rushmore Rd! This charming 1925 bungalow-style home has been completely renovated while maintaining its timeless elegance and character. This 2-bedroom, 2-bathroom property features extensive updates including new Pella windows, updated lighting fixtures, flooring,

    TJ Wojtanowicz BLACK HILLS REALTY

    1116 Mount Rushmore Rd, 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
  • /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
  • /21

    $289,900

    Open Sat 11AM - 12:30PM
    • Studio

    1616 1st St, Rapid City, SD 57701

    Excellent investment opportunity or ideal owner-occupant setup at 1616 1st St in Rapid City! This up/down duplex offers great income potential with a 3 bedroom, 1 bathroom upper unit and a fully remodeled 2 bedroom, 1 bathroom lower unit — perfect for investors or buyers looking to live in one unit while offsetting their mortgage with rental income from the other. The upper unit features a formal

    KEVIN KENNEDY Black Hills SD Realty

    1616 1st St, Rapid City, SD 57701
  • /2

    $1,025,000

    • Studio

    424 Line Rd, Box Elder, SD 57719

    Mobile Home Park for sale! Property consists of 11 leased lots: 3 are lot lease only; 7 with home structure, one vacant lot for storage. Price includes the following personal properties located on 7 lots: Lot #1 1977 Atlas 12x70; Lot #4 Goodman Iroquis; Lot #5 1994 Medallion 26x65; Lot #6 1993 Himi 16x80; Lot #8 1970 Shult 14x62; Lot #9 1987 Atlantic 16x80; Lot #11 1983 Tital 24x54; long time

    DAVID OLSEN COLDWELL BANKER BLACK HILLS LEGACY

    424 Line Rd, Box Elder, SD 57719
  • /17

    $999,500

    • Studio

    811 Mallow St, Rapid City, SD 57701

    Listed by Pete Jensen, KWBH, 605-484-6713. Great opportunity to add your investment porfolio- 8 unit apartment complex in central Rapid City with impressive occupancy rate and consistent rental history! Built in 2005, the building has 4 units on the upper level and 4 units on ground level, with a private parking lot. Ground level units are zero-entry for great accessibilty. Upper levels are

    Peter Jensen Keller Williams Realty Black Hills SP

    811 Mallow St, Rapid City, SD 57701
  • /12

    $1,450,000

    $63K PRICE DROP
    • 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
  • /38

    $550,000

    • Studio

    905 Clark St Unit 905 /0907 Clark St., Rapid City, SD 57701

    Listed by Holly Hultgren, KWBH, 605-545-1943. Opportunities like this don’t come up often—with the chance to live in one side and rent the other, this move in ready property in a central Rapid City location is what you've been looking for! 905 has been smartly renovated and has 3 bedrooms (1ntc), 1 bath, and 1,340sqft. You’ll love the natural light, beautiful wood floors, and a wonderful open

    HOLLY HULTGREN Keller Williams Realty Black Hills SP

    905 Clark St Unit 905 /0907 Clark St., Rapid City, SD 57701
  • /40

    $574,900

    $25K PRICE DROP
    • 6 Beds

    1948 Hillsview Dr, Rapid City, SD 57702

    Opportunity meets location at 1948 Hillsview Drive! Ideally situated near Canyon Lake Park, schools, shopping, and restaurants, this well-maintained 5-unit multi-family property offers both stability and upside. The complex sits on approximately 0.9 acres and includes a 28’ x 15’ garage suitable for tenant or owner storage. All units have been updated within the past five years, including new

    Lisa Mueller COLDWELL BANKER BLACK HILLS LEGACY

    1948 Hillsview Dr, Rapid City, SD 57702
  • /16

    $289,900

    $9K PRICE DROP
    • 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 Blair Allen Luxury Real Estate LLC

    1802 Cherry Ave, Rapid City, SD 57701
  • /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
  • /25

    $285,000

    $4K PRICE DROP
    • Studio

    3225 W Rapid St, Rapid City, SD 57702

    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

    3225 W Rapid St, Rapid City, SD 57702
  • /38

    $650,000

    • 7 Beds

    307 Saint Anne St, Rapid City, SD 57701

    This beautifully updated 4-plex offers the perfect blend of strong cash flow potential and low-maintenance ownership. Situated on a spacious lot with abundant green space, the property provides a desirable setting for both long-term tenants and short/mid-term rental guests. Extensively renovated in 2022, this property has been thoughtfully upgraded from top to bottom. Improvements include all new

    Michael Frybarger ASCEND REALTY INC.

    307 Saint Anne St, Rapid City, SD 57701
  • /8

    $229,000

    • 3 Beds

    322 St Patrick St, Rapid City, SD 57701

    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

    322 St Patrick St, Rapid City, SD 57701
  • /28

    $925,000

    • 2 Beds

    626 N 1st St, Rapid City, SD 57701

    Excellent investment! Opportunity zone for long-term investors in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units — a highly desirable and consistent rental layout. The property is fully sprinkled and includes an exterior sprinkler system for added safety and functionality. The roof and siding have been replaced recently. Extensive exterior

    Josiah LaFrance L'AVANCE CAPITAL AND REAL ESTATE

    626 N 1st St, Rapid City, SD 57701
  • /20

    $425,000

    $100K PRICE DROP
    • 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
  • /37

    $899,000

    $201K PRICE DROP
    • Studio

    10 E Quincy St, Rapid City, SD 57701

    10 E Quincy Street | Rapid City, SD | 8-Unit Multifamily Investment | Listed by Lori Barnett | Engel & Völkers Black Hills | 605.786.5817 Located minutes from the South Dakota School of Mines & Technology and downtown Rapid City, this 8-unit, non-conforming multifamily property is a compelling acquisition for investors building a Black Hills real estate portfolio. Situated in Rapid City's city

    Lori Barnett Engel & Völkers Black Hills Spearfish

    10 E Quincy St, Rapid City, SD 57701
  • /20

    $295,000

    • 4 Beds

    3417 W Rapid St, Rapid City, SD 57702

    Listed by Rich Hegre Engel & Volkers 605-381-RICH(7424) This is a great opportunity to own a west side investment property. This duplex is fully rented with great income. Zero vacancy for over 3 years, gives you peace of mind knowing you will have income.

    Rich Hegre Engel & Völkers

    3417 W Rapid St, Rapid City, SD 57702
  • /9

    $259,000

    $20K PRICE DROP
    • 3 Beds

    1235 Hill St Unit & 1235 1/2 Hill Stre, Rapid City, SD 57701

    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

    1235 Hill St Unit & 1235 1/2 Hill Stre, Rapid City, SD 57701
  • /22

    $245,000

    • 6 Beds

    1306 4th St, Rapid City, SD 57701

    This perfectly located vertical tri-plex sits within walking distance of downtown. All 3 units offer 2 beds, 1 bath, in unit laundry, and separate electric and gas meters. An abundance of off street parking for tenants. Some units have recent updates including windows, flooring, appliances, and so much more! This investment opportunity would be perfect for a first time investor looking to live in

    CAMERON CUMMINGS COLDWELL BANKER BLACK HILLS LEGACY

    1306 4th St, Rapid City, SD 57701
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