$6,800,000

426 & 434 E Fairmont Blvd Rapid City, SD 57701

Downtown Rapid City Neighborhood

Estimated payment $42,373/month

Total Views 8,159
6 Beds
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Public Water Access
  • Balcony
  • Baseboard Heating
  • City View
  • Cooling System Mounted In Outer Wall Opening
  • Garage

About This Home

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 well kept and has a low vacancy rate making this a great opportunity add a great multifamily complex to your portfolio in the fast growing Rapid City market.

Listing Agent

Ed Dreyer

RE/MAX ADVANTAGE Listed on: 05/28/2025

RE/MAX ADVANTAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $79,662

Year Built

  • Built in 1977

Parking

  • Garage

Home Design

  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 2.5-Story Property
  • Family Room
  • City Views
  • Fire and Smoke Detector

Outdoor Features

  • Public Water Access
  • Balcony

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Public Septic

Community Details

  • 81 Units
  • Robbinsdale 8 Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$79,662

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multiplex
  • Style: 2.5 Story
  • Lvt Date: 05/28/2025
  • View: City
  • Year Built: 1977
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Master Meters, Central Water Heater, Individual Heat & Air
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Community Entrance

Exterior Features

  • Construction: Frame
  • Foundation: Slab

Garage/Parking

  • Parking: Paved, Garage

Utilities

  • Air Conditioner: Electric, Wall
  • Heating: Electric, Baseboard
  • Sewer: City
  • Water: City

Lot Info

  • Lot Size: 3.62
  • Lot Type: Flat
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: 1 Year Lease
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Tenant
  • Who Pays Water Sewer: Tenant

Tax Info

  • Year: 2024
  • Taxes: 79,662

Multi Family

  • Number Of Units: 81
  • Vacancy Rate: 0 - 5%
  • Unit Features: Some Units, Balcony/Deck, Family Room, Kit/DR Combo

Map

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2025 05/28/25 For Sale $6,800,000 -- --
Source: Black Hills Association of REALTORS®

Source: Black Hills Association of REALTORS®

MLS Number: 173987

Black Hills Association of REALTORS®
South Dakota Pennington County Rapid City 57701 Downtown Rapid City

426 & 434 E Fairmont Blvd, Rapid City, SD

For Sale

MultiFamily

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Ed Dreyer
Listing Agent
Ed Dreyer
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RE/MAX ADVANTAGE
(605) 861-2942