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Pennington County SD Multifamily Homes & Duplexes for Sale

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  • /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
  • /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
  • /30

    $334,900

    • 5 Beds

    510 E Chicago St, Rapid City, SD 57701

    (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, and a detached one-bedroom efficiency cottage. Whether you’re an investor, a

    Agent Photo

    Tammy Ackerman

    EXIT REALTY BLACK HILLS

    510 E Chicago St, Rapid City, SD 57701
  • /22

    $325,000

    • 4 Beds

    109 E Monroe St, Rapid City, SD 57701

    Listed by Tony Marshall, CINC Realty, 605-391-8669. Well performing investment property with each unit nearly 900 sqft + 2 car garage. Rents are $1,450 for the upstairs and the basement was recently rented for $1,335. Landlord pays for water and the tenants pay the rest. There are multiple other income properties that could potentially be sold with this property.

    Tony Marshall CINC REALTY LLC

    109 E Monroe St, Rapid City, SD 57701
  • /39

    $459,999

    $15K PRICE DROP
    • Studio

    907 Fouse St, Keystone, SD 57751

    Nestled in the heart of the quaint and historic town of Keystone, SD, this spacious and beautifully maintained 6-bedroom, 2.5-bath home offers comfort, versatility, and peaceful Black Hills living at its finest. Surrounded by mature trees in a quiet, serene setting, you’ll love the sense of privacy while still being close to everything Keystone has to offer. With two full levels featuring

    Alicia Ebel THE REAL ESTATE GROUP, INC.

    907 Fouse St, Keystone, SD 57751
  • /9

    $350,000

    • Studio

    1702 E Hwy 44, Rapid City, SD 57703

    Listing by Drew Yeoman @ Black Hills Realty 605-484-5392 8 mobile homes for sale. Investment opportunity in Brookdale Estates. Lots: 9, 66, 77, 78, 142, 161, 167, & 187 Flexible purchase options available! Buy one property, all 8, or any combination in between. An excellent opportunity for both individual investors and portfolio buyers!

    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

    $275,000

    • 4 Beds

    211 E Monroe St, Rapid City, SD 57701

    8+% cap rate investment calculated using a 5% vacancy & excellent rental history (no capex reserve nor maintenance exp. included). Listed by Tony Marshall, CINC Realty, 605-391-8669.

    Tony Marshall CINC REALTY LLC

    211 E Monroe St, Rapid City, SD 57701
  • /40

    $549,900

    • 6 Beds

    1948 Hillsview Dr, Rapid City, SD 57702

    Exceptional investment opportunity in a prime Rapid City location! Situated near Canyon Lake Park, schools, shopping, and restaurants, this well-maintained 5-unit multi-family property offers immediate income with strong long-term potential. Situated on 0.9 acres, the property also includes a 28' x 15' garage, providing valuable storage space for tenants and/or owners. The complex has been

    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
  • /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
  • /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
  • /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
  • /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
  • /33

    $1,750,000

    • 3 Beds

    3313 Leland Ln, Rapid City, SD 57702

    Listed by TJ Wojtanowicz at Black Hills Realty | 605-863-1920. Outstanding investment opportunity in West Rapid City! This 27-unit apartment complex offers an excellent mix of units including 24 studio apartments, one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one efficiency unit. The property also features an on-site laundry facility with washers and dryers, six rentable garages

    TJ Wojtanowicz BLACK HILLS REALTY

    3313 Leland Ln, Rapid City, SD 57702
  • /28

    $914,900

    $10K PRICE DROP
    • 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
  • /3

    $150,000

    $20K 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
  • /20

    $415,000

    $110K 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

    $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
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