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Downtown Rapid City Multifamily Homes & Duplexes for Sale

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  • /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
  • /26

    $224,900

    • Studio

    231 Quincy St, Rapid City, SD 57701

    Welcome to 231 Quincy St in Rapid City! This up/down duplex home is ready for new owners! On the main level, there is a kitchen, laundry, full bath, 2 bedrooms, dining area, living room, 4 seasons room, and wood floors. The lower level features a living room, 2 bedrooms(NTC), a full bath, and a small kitchen. Outside you have a large corner lot, alley access parking, and a fenced yard. Live in

    TJ Wojtanowicz Black Hills SD Realty

    231 Quincy St, Rapid City, SD 57701
  • /40

    $219,000

    • 5 Beds

    109 St Anne St, Rapid City, SD 57701

    Excellent income producing property! Side by side duplex currently rented at great rates. Both units have their own laundry hook ups. Excellent location close to schools and downtown. Plenty of off street parking. Keep both units rented or live in one side and rent the other out to help pay your mortgage! Call today for a private showing!

    STEPHANIE HOLDINGHAUSEN SELLING 605 REALTY LLC

    109 St Anne St, Rapid City, SD 57701
  • /38

    $270,000

    • 4 Beds

    427 E St Patrick St, Rapid City, SD 57701

    What a beautiful duplex and a great investment opportunity! This side by side duplex was completely renovated to a high standard in 2019 with appropriate mechanical, electrical and plumbing permits. All new Pella windows. All new interior and exterior doors. Kitchen layout redesigned to accommodate adding back doors. Back decks added to each unit. Overhead lighting added to each room. All new

    Irina Lewis COLDWELL BANKER BLACK HILLS LEGACY

    427 E St Patrick St, Rapid City, SD 57701
  • /17

    $499,000

    • 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
  • /11

    $275,000

    • 4 Beds

    1918 Ivy Ave, Rapid City, SD 57701

    Come and See!...This duplex is a side by side duplex, sharing a front enclosed entryway. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. The living room and kitchen area are on the main

    LORI PAULSEN SAUSER BEST IN THE WEST REALTY

    1918 Ivy Ave, Rapid City, SD 57701
  • /17

    $275,000

    • 4 Beds

    1914 Ivy Ave, Rapid City, SD 57701

    Come and See!...This duplex is a side by side duplex, sharing a front enclosed entryway. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. The living room and kitchen area are on the main

    LORI PAULSEN SAUSER BEST IN THE WEST REALTY

    1914 Ivy Ave, Rapid City, SD 57701
  • /17

    $275,000

    • 4 Beds

    1922 Ivy Ave, Rapid City, SD 57701

    Come and See!...This duplex is a side by side duplex, sharing a front enclosed entryway. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. The living room and kitchen area are on the main

    LORI PAULSEN SAUSER BEST IN THE WEST REALTY

    1922 Ivy Ave, Rapid City, SD 57701

Why Live in Downtown Rapid City

Downtown Rapid City features a mix of historic and suburban home styles, including Colonial, Tudor, American Foursquare, Cape Cod, mid-century, and Craftsman homes. The West Boulevard Historic District showcases homes dating back to the late 1800s, with strict preservation standards. Main Street Square is a central green space with seasonal attractions like a splash pad in summer and an ice skating rink in winter. Founders Park offers over 20 miles of trails and scenic views of M Hill. Dining options include Tally’s Silver Spoon, known for its unique "Indecision Menu," and Firehouse Brewing Company, South Dakota’s oldest brewery. The downtown shopping district features locally owned shops and familiar franchises. Annual events like Summer Nights and the Black Hills Farmers Market draw residents and visitors alike. The Monument hosts various events, including hockey games and concerts. Rapid City Rapid Ride provides weekday public transportation, and major highways connect the area to Sioux Falls and Boulder. Monument Health Rapid City Hospital is 2 miles away, and the Rapid City Regional Airport is 11 miles southeast. Schools in the area have mixed ratings, with Central High School offering a range of extracurricular activities.

Home Trends in Downtown Rapid City, SD

Housing Trends

Median Sale Price
$276,000
Median Single Family Sale Price
$279,000
Median 2 Bedroom Sale Price
$289,000
Average Price Per Sq Ft
$215
Number of Homes for Sale
62
Last 12 months Home Sales
173
Months of Supply
4.30
Median List Price
$289,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
1%
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