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Pennington County SD Multifamily Homes & Duplexes for Sale

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  • /30

    $324,900

    Open Thu 11AM - 1PM $10K PRICE DROP
    • Studio

    510 E Chicago St, Rapid City, SD 57701

    OPEN HOUSE 09/10/26 11am - 1pm $10,000 PRICE REDUCTION INVESTOR ALERT! PRICE REDUCTION (Tri-Plex: Home + Finished Basement Suite + Detached ADU) Unlock the rare opportunity to live in your own home while your tenants help pay the mortgage. This versatile property functions as a non-conforming triplex, offering three unique living spaces: a main-floor residence, a fully finished lower-level suite,

    Agent Photo

    Tammy Ackerman

    New Heights Properties

    510 E Chicago St, Rapid City, SD 57701
  • /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

    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

    811 Willsie Ave Unit 811, 813, Rapid City, SD 57701
  • /26

    $245,000

    • 4 Beds
    • 2 Baths

    611 Saint Patrick St, Rapid City, SD 57701

    Listed by Shauna Sheets, KWBH, 605-545-5430. Looking to build your investment portfolio? Check out this centrally located Up/Down duplex offering flexibility, value and an opportunity for easy instant equity! Offering flexible living options, the main level unit is filled with great natural light and beautiful wood floors.The functional layout includes 3 bedrooms and 1 full bathroom, a corner

    611 Saint Patrick St, Rapid City, SD 57701
  • /22

    $285,000

    $40K PRICE DROP
    • 4 Beds

    109 E Monroe St, Rapid City, SD 57701

    PRICED TO SELL! BUILT IN 2007. Listed by Tony Marshall, CINC Realty, 605-391-8669. Well performing investment property with each unit nearly 900 sqft + 2 CAR GARAGE. Rents are $1,350 for the upstairs and the RAISED RANCH basement was recently rented for $1,435 which includes rent for the 2 car garage. Landlord pays for water and the tenants pay the rest. There are multiple other income properties

    Tony Marshall CINC REALTY LLC

    109 E Monroe St, Rapid City, SD 57701
  • /23

    $299,000

    $51K PRICE DROP
    • Studio

    1702 E Hwy 44, Rapid City, SD 57703

    8 Mobile Homes for Sale | Brookdale Estates Listed by Drew Yeoman | Black Hills Realty | 605-484-5392 Investment opportunity in Brookdale Estates featuring 8 mobile homes available for purchase. With flexible purchase options, buyers can acquire one property, all eight, or any combination in between. Lots included: 9, 66, 77, 78, 142, 161, 167 & 187 (Rented Lots @ $535/month + tenants pay

    Drew Yeoman BLACK HILLS REALTY

    1702 E Hwy 44, Rapid City, SD 57703
  • /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
  • /22

    $16,500,000

    • Studio

    1050 N Valley Dr, Rapid City, SD 57703

    Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms

    Arthur Koscielski Black Hills SD Realty

    1050 N Valley Dr, Rapid City, SD 57703
  • /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
  • /18

    $265,000

    $10K PRICE DROP
    • 4 Beds

    211 E Monroe St, Rapid City, SD 57701

    GREAT PRICE. GREAT CONDITION. 8+% cap rate investment calculated using a 5% vacancy & excellent rental history (no capex reserve nor maintenance exp. included). Seller financing terms, in the form of a 2nd mortgage, for example, may be considered. Other duplex properties also available. Listed by Tony Marshall, CINC Realty, 605-391-8669.

    Tony Marshall CINC REALTY LLC

    211 E Monroe St, Rapid City, SD 57701
  • /2

    $265,000

    • 4 Beds

    809 Halley Ave, Rapid City, SD 57701

    Inquire about the incredible investment performance of this income property with very low vacancy rates and potential 2nd mortgage seller financing option to qualified buyers. Year leases in place and solid rent rolls available upon request. Could be combined with other MLS listings. Listed by Tony Marshall, 605-391-8669, CINC Realty.

    Tony Marshall CINC REALTY LLC

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

    $531,977

    $18K PRICE DROP
    • 6 Beds

    1948 Hillsview Dr, Rapid City, SD 57702

    This 5-plex is being offered at $106,395 per unit—this well-maintained 5-unit multi-family property currently generates $49,380 in annual rental income and offers immediate income with long-term potential. With a proven 16-year track record of stable occupancy, the property has demonstrated consistent rental performance. Current average rent is approximately $823 per unit/month, with rental rates

    Lisa Mueller COLDWELL BANKER BLACK HILLS LEGACY

    1948 Hillsview Dr, Rapid City, SD 57702
  • /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
  • /17

    $249,900

    • 4 Beds

    5823 Corbin Dr, Rapid City, SD 57703

    Listed with Cierra VanderPol, Black Hills Realty, 605-593-1909 - Looking for a unique income-producing opportunity? Welcome to Corbin Drive! Situated on 0.69 acres, this versatile property features 2 homes with 2 finished rentable units and one unfinished, offering endless possibilities for investors and owner-occupants alike. The main home is currently configured with an upper-level unit

    CIERRA VANDERPOL BLACK HILLS REALTY

    5823 Corbin Dr, Rapid City, SD 57703
  • /22

    $16,500,000

    • Studio

    1050 S Valley Dr, Rapid City, SD 57703

    Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms

    Arthur Koscielski BLACK HILLS REALTY

    1050 S Valley Dr, Rapid City, SD 57703
  • /37

    $435,000

    $15K PRICE DROP
    • 6 Beds

    402 E Madison St, Rapid City, SD 57701

    2 HOMES. Projected Income Potential $43,000 Plus! BUYER'S PLEASE NOTE- Both homes must be sold as 1 unit. Please talk to your lender to see their loan qualifications for 2 homes on a property with 1 being a tri-plex. If you were to do a search for 402 E Madison only 1 of the homes shows up. Front home is a tr-plex built in 1946. Would make for a great owner-occupied property and have rental

    Jim Biers JIM L. BIERS REAL ESTATE

    402 E Madison St, Rapid City, SD 57701
  • /22

    $455,000

    • 6 Beds

    200 St Cloud, Rapid City, SD 57701

    Great investment opportunity! Beautiful side-by-side duplex with amazing views and privacy! Both units come fully furnished and offer 3 bedrooms, 1 bath, spacious kitchen, cozy living room, laundry area - all on one level and lots of natural light! Great location, just minutes to downtown, oversized 2 car garage and a lot of extra parking on the side, high-efficiency 2x6 construction, newer

    Irina Lewis COLDWELL BANKER BLACK HILLS LEGACY

    200 St Cloud, Rapid City, SD 57701
  • /24

    $460,000

    • 6 Beds

    305 E Philadelphia St, Rapid City, SD 57701

    Gorgeous 4,100+ sq ft brick triplex showcasing the character and craftsmanship of 1950s architecture, positioned to be the flagship of any real estate investment portfolio. Mature trees create a welcoming backdrop for three well-designed units ideal for both owner-occupants and investors. The two main-level units each feature two bedrooms, one bathroom, central air, dishwashers, and direct access

    Tony Marshall CINC REALTY LLC

    305 E Philadelphia St, Rapid City, SD 57701
  • /39

    $440,000

    • Studio

    907 Fouse St, Keystone, SD 57751

    Whether you're looking for a unique primary residence, a multigenerational setup, an income-producing property, or a place with room to create your own vision, this property gives you options that are hard to find in one package. And the location? Keystone puts you right in the middle of the Black Hills experience, with outdoor recreation, tourism, dining, and iconic destinations all nearby. If

    Alicia Ebel THE REAL ESTATE GROUP, INC.

    907 Fouse St, Keystone, SD 57751
  • /9

    $2,311,000

    • Studio

    1 Other, Rapid City, SD 57702

    Listed by Tony Marshall, 605-391-8669. A rare opportunity to acquire 7 duplexes and 1 triplex—all maintained and all in close proximity of each other in the Blaine/N. Maple neighborhoods. These properties have long-term, high-performing rent rolls with stable occupancy and proven cash flow, making them an exceptional addition to any portfolio. The current owner has relocated out of the area and

    Tony Marshall CINC REALTY LLC

    1 Other, Rapid City, SD 57702
  • /3

    $145,000

    $25K PRICE DROP
    • 6 Beds

    421 Spruce St, Rapid City, SD 57701

    Listed by Charlea Svenson, Engel & Völkers Black Hills, 605.545.5605. Investment opportunity featuring two homes on one lot! This property includes 421 Spruce, a 4 bedroom, 2 bath home, and 415 Spruce, a 2 bedroom, 1 bath home. Repairs and renovations are needed, making this a wonderful opportunity for investors, contractors or buyers looking for a value-add project. Property is being sold AS-IS.

    CHARLEA SVENSON Engel & Völkers

    421 Spruce St, Rapid City, SD 57701
  • /2

    $285,000

    • 4 Beds

    820 Blaine Ave, Rapid City, SD 57701

    View this investment property today! Outstanding long term investment performance with low vacancy rates, maintenance free siding, fenced yards both front and back, 24x24 detached garage with alley access, off-street parking and secured leases until 2027. Potential seller financing in the form of a 2nd mortgage to help reduce the down payment requirement may be available to qualified buyers.

    Tony Marshall CINC REALTY LLC

    820 Blaine Ave, Rapid City, SD 57701
  • /20

    $285,000

    $10K PRICE DROP
    • 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
  • /2

    $275,000

    • 4 Beds

    819 Blaine Ave, Rapid City, SD 57701

    Listed by Tony Marshall, CINC Realty, 605-391-8669. Well maintained duplex offering a solid and high performing investment opportunity. The upper unit features two spacious bedrooms, a full bath, a bright living room, and a kitchen with in unit laundry. A walkout deck off the kitchen provides excellent outdoor space. The walkout lower unit features abundant light with two bedrooms, a full bath,

    Tony Marshall CINC REALTY LLC

    819 Blaine Ave, Rapid City, SD 57701
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