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Investment - Homes for Sale in Rapid City, SD

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  • /33

    $359,700 Open Thu 5PM - 7PM

    • 3 Beds
    • 3 Baths
    • 2,052 Sq Ft

    4461 Misty Woods Ln, Rapid City, SD 57701

    Nearly New Townhome with Solar and Stunning Upgrades. NO HOA! Welcome to this like new 3 bedroom, 3 bath townhome built in 2023, featuring a spacious 2 car garage and located in a peaceful, established neighborhood with absolutely no HOA or fees. Clean, stylish, and move in ready, this home offers comfort, energy efficiency, and modern design throughout. Step inside to a bright, open layout

    Agent Photo

    ALISHA GODBEY

    NAVX REALTY

    (605) 525-6438

    4461 Misty Woods Ln, Rapid City, SD 57701
  • /40

    $285,000

    • 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

    (605) 827-1835

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

    $359,700 Open Thu 5PM - 7PM

    • 3 Beds
    • 3 Baths
    • 2,052 Sq Ft

    4449 Misty Woods Ln, Rapid City, SD 57701

    Nearly New Townhome with Solar, Premium Upgrades, and Beautiful Landscaping – NO HOA! Unique Opportunity: The adjoining townhome at 4461 Misty Woods Ln (MLS #174439) is also available for purchase—perfect for multi-generational living or investment! Built in 2023, this 3-bedroom, 3-bath townhome offers a spacious 2-car garage and is located in a nice, established neighborhood with no HOA or

    Agent Photo

    ALISHA GODBEY

    NAVX REALTY

    (605) 453-5830

    4449 Misty Woods Ln, Rapid City, SD 57701
  • /36

    $1,750,000

    • 4 Beds
    • 3.5 Baths
    • 3,612 Sq Ft

    11758 S Dakota 44, Rapid City, SD 57702

    Bordering National Forest Service & direct access to Rapid Creek with a private bridge just 10+ minutes outside of Rapid City - This is True Black Hills Living ! An unparalleled prime offering of 4.10 serene acres with 2 parcels. The remarkable residential retreat is entertaining & spacious with approximately 3,612 sq ft of living areas with expansive window views, vaulted wood ceilings, 4 cozy

    NICHOLE BIEGLER EXP REALTY

    11758 S Dakota 44, Rapid City, SD 57702
  • /44

    $379,000

    • 3 Beds
    • 2 Baths
    • 1,556 Sq Ft

    1711 9th St, Rapid City, SD 57701

    Whether you’re looking for a perfect place to call home or an income-producing investment this 1,636 sq. ft., 3-bed, 2-bath home in the desirable West Boulevard area already offers a proven rental history. This home has an inviting main area featuring original hardwood floors , while the kitchen offers modern appliances, plenty of cabinetry and cupboard space. The primary suite includes

    Jeffery Christians Real Broker Spearfish

    1711 9th St, Rapid City, SD 57701
  • /33

    $1,750,000

    • 4 Beds
    • 3.5 Baths
    • 3,612 Sq Ft

    11758 W Highway 44, Rapid City, SD 57702

    Bordering National Forest Service & direct access to Rapid Creek with a private bridge just 10+ minutes outside of Rapid City - This is True Black Hills Living ! An unparalleled prime offering of 4.10 serene acres with 2 parcels. The remarkable residential retreat is entertaining & spacious with approximately 3,612 sq ft of living areas with expansive window views, vaulted wood ceilings, 4 cozy

    NICHOLE BIEGLER eXp Realty

    11758 W Highway 44, Rapid City, SD 57702
  • /18

    $760,000

    • 8 Beds

    4002 Lakeview Dr, Rapid City, SD 57702

    Investment Opportunity... Rare fourplex by Canyon Lake! This westside Rapid City located westside four-plex brings in consistent rental income with extremely low vacancy rate. Each unit has 2 bedrooms, 1 bathroom, and full kitchen. Separately metered units with electric baseboard & cove heat. One tenant said it averages around $100 per month. Large 918 sf units per DOE. All four units are

    Bobby Sundby SUN REAL ESTATE

    4002 Lakeview Dr, Rapid City, SD 57702
  • /19

    $225,000

    • 2 Beds

    333 Saint Paul St, Rapid City, SD 57701

    Awesome income potential in this well-located up/down duplex just five minutes from both the hospital and downtown! This property features two established rental units with great tenants already in place. The main floor unit offers two bedrooms, one full bathroom with a tub/shower combo, and convenient off-street parking. The upstairs unit includes one bedroom, one bathroom with a shower, and its

    Stacey Nelson RE/MAX RESULTS

    333 Saint Paul St, Rapid City, SD 57701
  • /11

    $1,199,643

    • Land
    • 9.18 Acres
    • $130,680 per Acre

    tbd Creek Dr, Rapid City, SD 57701

    Listed by Pat Hall & Ryan M. Hall | Premier Properties, LLC | 605-718-4000. Unlock the potential of this 9.18± acre light industrial-zoned property featuring approximately 673 feet of frontage on Creek Drive. With utilities—electricity, city water, and sewer—available at the lot line, this site is ready for development. Perfectly positioned to support a wide range of business ventures, the

    Pat Hall PREMIER PROPERTIES, LLC

    tbd Creek Dr, Rapid City, SD 57701
  • /15

    $274,500

    • 3 Beds
    • 2 Baths
    • 1,365 Sq Ft

    2312 Smith Ave, Rapid City, SD 57701

    $5000 PRICE IMPROVEMENT! CUTE AND AFFORDABLE! Great starter home or investment property! Needs a little TLC and finishing of the basement, but bones are solid!! 3 bedroom, 2 bath home in Southeast Rapid City conveniently located within a few miles of shopping, schools, Monument Hospital, and S. Hwy 79. This corner lot home has a 2-car detached garage and an additional large concrete area in

    Elizabeth Frederick SOUTH DAKOTA PROPERTIES

    2312 Smith Ave, Rapid City, SD 57701
  • /20

    $127,000

    • Land
    • 0.3 Acre
    • $423,333 per Acre

    3429 W Rapid St, Rapid City, SD 57702

    Rare opportunity to secure a general commercial building lot on Rapid City’s thriving west side. Positioned in a high-traffic corridor with excellent visibility, this property offers strong investment potential in a highly sought-after location.

    Bobbi BENTZ Engel & Völkers

    3429 W Rapid St, Rapid City, SD 57702
  • /27

    $374,900

    • 3 Beds
    • 2 Baths
    • 1,984 Sq Ft

    3912 Maple Ave, Rapid City, SD 57701

    Welcome to 3912 Maple Avenue — a well-kept 3-bedroom, 2-bath gem on a spacious corner lot in desirable southeast Rapid City! This home offers comfortable living with a smart layout, a roomy 2-car garage, and great curb appeal. Step inside to find a bright, inviting atmosphere with plenty of potential to make it your own. The generous lot provides space to garden, play, or entertain — and the

    Will Dixon Keller Williams Realty Black Hills RC

    3912 Maple Ave, Rapid City, SD 57701
  • /7

    $600,000

    • Land
    • 7.47 Acres
    • $80,321 per Acre

    TBD Harmony Heights Ln, Rapid City, SD 57702

    Seller is excited to find a suitable Buyer who is ready to develop apartment and/or townhome building sites! Great Interstate Exposure! Across the street from Harmony Heights Apartments bordering the interstate, according to the zoning maps, the parcel is currently zoned general ag, but the city's future land use plan has the land being utilized as an urban neighborhood development, suitable for

    Will Dixon KELLER WILLIAMS REALTY BLACK HILLS

    TBD Harmony Heights Ln, Rapid City, SD 57702
  • /25

    $69,000

    • 3 Beds
    • 2 Baths
    • 1,056 Sq Ft

    1980 Country Rd Unit Lot 1, Rapid City, SD 57701

    Affordable Comfort in a Peaceful Setting! This manufactured home on a rented lot is located at 1980 Country Rd, Lot 1. Welcome home to this 3-bedroom, 2-bath manufactured home located in Prairie Acres (North). Lot rent is currently $582/month and includes water, sewer and garbage. Designed with accessibility and ease of living in mind, this home offers a single-level layout that maximizes space

    CHEYENNE McGriff RE/MAX RESULTS

    1980 Country Rd Unit Lot 1, Rapid City, SD 57701
  • /29

    $234,900

    • 3 Beds
    • 1 Bath
    • 720 Sq Ft

    2120 Lincoln Ave, Rapid City, SD 57701

    Listed by Pam Heiberger, Coldwell Banker BH Legacy, 605-415-8595 Don’t miss this opportunity to own a delightful 3-bedroom, 1-bath home nestled on a double lot in the heart of Robbinsdale area. The oversized corner lot provides endless possibilities—build a garage, extend a garden or simply enjoy the extra space for outdoor entertaining. This well-maintained home offers a perfect blend of charm

    PAMELA HEIBERGER COLDWELL BANKER BLACK HILLS LEGACY

    2120 Lincoln Ave, Rapid City, SD 57701
  • /32

    $305,000

    • 2 Beds
    • 2 Baths
    • 1,083 Sq Ft

    3953 Fairway Hills Dr, Rapid City, SD 57702

    Are you Looking for safe, relaxing & carefree living? Look no further than this must-see MAIN level condo. Located in beautiful SW Rapid City with views of trees & wildlife in a park setting with walking trails...pickleball courts...a community center, work out facility, fountains & a swimming pool. This well kept 2 bedroom 2 bath condo has so many updates...a washer/dryer in the condo, LED

    Jennifer Landguth Hegg Realtors, Deadwood

    3953 Fairway Hills Dr, Rapid City, SD 57702
  • /24

    $237,500

    • 2 Beds
    • 1 Bath
    • 768 Sq Ft

    17 St Andrew St, Rapid City, SD 57701

    Welcome to this nicely updated home in Southeast Rapid City! This charming 2-bedroom, 1-bath gem features newer siding and central AC—offering comfort, efficiency, and peace of mind. Step inside to find a bright and inviting living space that’s been lovingly maintained. Outside, enjoy the patio with privacy screen, the convenience of a detached garage, and a nicely sized yard perfect for relaxing

    Jaima Knutson RE/MAX RESULTS

    17 St Andrew St, Rapid City, SD 57701
  • /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
  • /32

    $425,000

    • 5 Beds
    • 3.5 Baths
    • 3,144 Sq Ft

    4103 W Main St, Rapid City, SD 57702

    Welcome to this spacious and beautifully maintained ranch-style home, offering 5 bedrooms and 3.5 bathrooms, and two wood burning fireplaces! This house includes a fully finished walkout basement. The basement features a second master suite, an additional bedroom, a comfortable living area, and a second kitchen space—perfect for entertaining or potential rental income. Recent updates include a

    Arnie Sharp NAVX REALTY

    4103 W Main St, Rapid City, SD 57702
  • /18

    $179,500

    • 2 Beds
    • 1 Bath
    • 969 Sq Ft

    768 Earleen St Unit F, Rapid City, SD 57701

    Very well maintained 2nd level condominium with detached 1 car garage! Larger than most the other units at 969 square feet, this 2 bedroom 1 bath home has been given new flooring recently. Radiant heat and air conditioning unit will keep you comfortable. Nice size deck, 22x11 detached garage nearby. Turn key for a primary owner or investment buyer! Monthly HOA is 225 and includes water, garbage,

    Tony Klock RE/MAX ADVANTAGE

    768 Earleen St Unit F, Rapid City, SD 57701
  • /20

    $275,000

    • 3 Beds

    831 Dilger Ave, Rapid City, SD 57701

    Listed By Tom Blain - Keller Williams Realty Black Hills - 605-716-1111 Investors,,,,,,take a LOOK. Price Reduced $30,000. Great opportunity for a Cash Buyer. Fantastic investment opportunity! This fully occupied 4-plex features four 1-bedroom, 1-bath units with strong rental history and excellent cash flow. Located near schools, shopping, and with easy access to downtown and I-90, this

    Tom Blain KELLER WILLIAMS REALTY BLACK HILLS

    831 Dilger Ave, Rapid City, SD 57701
  • /14

    $204,900

    • 4 Beds

    217 E Monroe St, Rapid City, SD 57701

    Great investment opportunity, up down duplex with separate entrances in the rear. Each unit has separate electric and gas. Owner pays the water, sewer and trash Main Floor Unit: 2 bedrooms, 1 bathroom, living room, and kitchen. Currently rented for $700/month. Lower-Level Unit: 2 bedroom, 1 bathroom, living room and kitchen Currently rented for $650.00/month Both units have common entrance at

    JOE MUTH COLDWELL BANKER BLACK HILLS LEGACY

    217 E Monroe St, Rapid City, SD 57701
  • /31

    $219,000

    • 5 Beds

    636 Halley Ave, Rapid City, SD 57701

    Seller offer $10,000 credit to buyer and will consider carrying a 2nd! Great investment opportunity! Side by side duplex with a large lot. Updated roof, water heaters, furnance, sewer line, electric and plumbing. Great rental history with room to grow. Just needs a little cosmetic TLC!

    STEPHANIE HOLDINGHAUSEN SELLING 605 REALTY LLC

    636 Halley Ave, Rapid City, SD 57701
  • /22

    $825,000

    • Studio

    201 E Nowlin St Unit 203, 205, 207, 209,, Rapid City, SD 57701

    Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 6-unit complex (three duplexes) offers an excellent opportunity. Each unit features 2 bedrooms, 1 bathroom, a stove, refrigerator, window air conditioner, gas water heater, and forced air heating. Washer and dryer hookups are also included in every unit. Some units have been upgraded with LVT

    Nicole Petrik Engel & Völkers

    201 E Nowlin St Unit 203, 205, 207, 209,, Rapid City, SD 57701
  • /36

    $1,625,000

    • Studio

    123 E Nowlin St Unit 125,127,129,131,133,, Rapid City, SD 57701

    Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 12-unit complex (six duplexes) offers a fantastic opportunity for investors. Each 2-bedroom, 1-bathroom unit includes a stove, refrigerator, window air conditioner, gas water heater, and forced air heating, along with washer/dryer hookups for added convenience. Some units have been upgraded

    Nicole Petrik Engel & Völkers

    123 E Nowlin St Unit 125,127,129,131,133,, Rapid City, SD 57701
  • /17

    $450,000

    • 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
  • /3

    $99,900

    • Land
    • 0.42 Acre
    • $237,857 per Acre

    4033 Derby Ln, Rapid City, SD 57701

    Looking for a lot to build your dream home on or to build a multi-family investment? Check out this nearly 1/2 acre lot in southeast Rapid City. Lot has city water and sewer at site and power is in close proximity. Lot is zoned Medium Density Residential (MDR) allowing for a wide variety of building options. (Buyer to verify) Located with easy access to downtown Rapid City and major medical

    RYAN KELLY OAK & KEY REALTY, LLC

    4033 Derby Ln, Rapid City, SD 57701
  • /17

    $450,000

    • 3 Beds
    • 2 Baths
    • 2,925 Sq Ft

    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
  • /13

    $225,000

    • 5 Beds

    920 Haines Ave, Rapid City, SD 57701

    Listed by Ryan M. Hall | Premier Properties LLC | 605-209-5215. This triplex presents a fantastic investment opportunity with strong income potential. Each unit has a separate electric meter, while water and natural gas are shared, with tenants reimbursing the owner for water, sewer, and trash costs as follows: Main Floor 50%, Lower Level 25%, Upper Level 25%. Main Floor Unit: 2 bedrooms, 1

    RYAN MICHAEL HALL PREMIER PROPERTIES, LLC

    920 Haines Ave, Rapid City, SD 57701
  • /3

    $2,400,000

    • Land
    • 16.27 Acres
    • $147,511 per Acre

    TBD N Lacrosse, Rapid City, SD 57701

    Highly visible hard corner located in the heart of the expanding retail corridor of Rapid City. Just west of the highly anticipated 120 acre Liberty Land amusement park and just north of I-90. With 877 FT of frontage on N Lacrosse Street, 1,744 FT of frontage on E Mall Drive and the land being located at a lighted intersection, this is a fantastic investment opportunity for single user or mixed

    Chris Long KELLER WILLIAMS REALTY BLACK HILLS

    TBD N Lacrosse, 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
  • /4

    $1,499,000

    • Land
    • 11.73 Acres
    • $127,792 per Acre

    865 N Valley Dr Unit Lot J, Rapid City, SD 57703

    Unlock the potential of this prime property, ideally situated in the coveted Black Hills of South Dakota area. Zoned for Medium Density Residential use, the property offers a rare opportunity for multifamily investors seeking to capitalize on the region's thriving market. Its strategic location provides easy access to urban conveniences, while still offering a tranquil residential environment.

    Matthew Senftner eXp Realty

    865 N Valley Dr Unit Lot J, Rapid City, SD 57703
  • /14

    $3,279,000

    • Land
    • 18.14 Acres
    • $180,761 per Acre

    1046 Endeavour Blvd, Rapid City, SD 57719

    18.14 acres zoned General Commercial with easy access to Interstate 90. This is an amazing investment opportunity in a prime location with great visibility, high density traffic and 850' of frontage along Highway 16 bypass (Elk Vale Rd). Another bonus is the property sits just South of a major intersection (Elk Vale Rd & Cheyenne Blvd.) for even more visibility with an easy entrance and exit.

    Jeff Larsen SKYLINE PROPERTIES AND REALTY

    1046 Endeavour Blvd, Rapid City, SD 57719

Home Trends in Rapid City, SD

Housing Trends

Median Sale Price
$325,000
Median Single Family Sale Price
$360,000
Median Townhouse Sale Price
$289,900
Median 2 Bedroom Sale Price
$237,500
Average Price Per Sq Ft
$217
Number of Homes for Sale
261
Last 12 months Home Sales
322
Months of Supply
9.70
Median List Price
$359,450
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
0%
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