1050 S Valley Dr Rapid City, SD 57703
Southeast Rapid City NeighborhoodEstimated payment $103,276/month
Highlights
- Public Water Access
- Balcony
- Patio
- Views of Trees
- Brick or Stone Veneer
- Home Security System
About This Home
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 are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022. Newer access through to Anamosa Street making it extremely convenient for tenants to get to shopping and the base. One owner who is retiring. This complex is ready to go and in excellent like new condition. Efficiency apartments and 1 bedrooms have mini split heating and cooling. 2 bedroom apartments have for air furnace.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $165,686
Year Built
- Built in 2021
Parking
- Garage
Property Views
- Trees
- Meadow
Home Design
- Brick or Stone Veneer
- Poured Concrete
- Composition Roof
- Hardboard
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Fire and Smoke Detector
- Firewall
Outdoor Features
- Public Water Access
- Balcony
- Patio
Utilities
- Forced Air Heating and Cooling System
- Public Septic
Additional Features
- Crawl Space
- Handicap Accessible
Community Details
- 6 Units
- Diamond Ridge Subd Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $166,791 | $12,208,400 | $406,200 | $11,802,200 |
| 2024 | $164,089 | $11,743,000 | $406,200 | $11,336,800 |
| 2023 | $91,707 | $6,315,200 | $406,200 | $5,909,000 |
| 2022 | $4,782 | $308,700 | $308,700 | $0 |
| 2021 | $5,277 | $308,700 | $308,700 | $0 |
| 2020 | $5,453 | $308,700 | $308,700 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2026 05/29/26 | For Sale | $16,500,000 | 0.0% | -- |
| 01/19/2026 01/19/26 | Price Changed | $995 | +2.1% | $2 / Sq Ft |
| 11/20/2024 11/20/24 | Price Changed | $975 | -2.0% | $2 / Sq Ft |
| 02/01/2024 02/01/24 | For Rent | $995 | -- | -- |
Source: Black Hills Association of REALTORS®
MLS Number: 179267
APN: 38-04-301-004
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Ask me questions while you tour the home.