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Southeast Rapid City Multifamily Homes & Duplexes for Sale

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  • /40

    $36,750,000

    • 5 Beds

    4815 5th St Unit 4801- 4829 5th (165, Rapid City, SD 57701

    ATTENTION INVESTORS: 165 units with 72 garage stalls. 11 Buildings with 15 apartments per unit. 4 sets of garages each with 18 spaces. Garage spaces rent for $100 per month. Each building has 3 studio apartments of 558 sq ft that rent for $900 per month. 6- 1 bedroom 1 bath apartments at 774 sq ft that rent for $1100 per month. 6 -2 bedrooms, 2 bath at 1013 sq ft renting for $1400. Appliances

    TJ Wojtanowicz BLACK HILLS REALTY

    4815 5th St Unit 4801- 4829 5th (165, Rapid City, SD 57701
  • /48

    $36,750,000 New Construction

    • Studio

    4815 5th St Unit 4801-4829 5th (165 u, Rapid City, SD 57701

    ATTENTION INVESTORS: 165 units with 72 garage stalls. 11 Buildings with 15 apartments per unit. 4 sets of garages each with 18 spaces. Garage spaces rent for $100 per month. Each building has 3 studio apartments of 558 sq ft that rent for $900 per month. 6- 1 bedroom 1 bath apartments at 774 sq ft that rent for $1100 per month. 6 -2 bedrooms, 2 bath at 1013 sq ft renting for $1400. Appliances

    TJ Wojtanowicz Black Hills SD Realty

    4815 5th St Unit 4801-4829 5th (165 u, Rapid City, SD 57701

Why Live in Southeast Rapid City

Hugging the city's historic downtown, Southeast Rapid City is a destination for first-time homebuyers. "In the southeast, there are a lot of starter homes," says Seth Malott, a broker with Century 21 Clearview. "It's a little cookie-cutter, but it's a good place to start." In addition to price, the neighborhood’s location also attracts residents. "You've got one-level homes, and you're close to the hospital," says Amy Hook, a broker with Re/Max Advantage. "So, retired people benefit from being there." Potential homeowners are also drawn to the area for its access to public parks, restaurants and entertainment. The neighborhood has less of a grid-like shape than Downtown Rapid City and older communities nearby. Homes here follow stretched-out roads that wind through different subdivisions and apartment complexes. Sidewalks are typical, connecting residential and a few commercial areas. The median lot size is just under a quarter acre, and lawns are frequently dotted with elm trees and ponderosa pine. Ranch-style homes are particularly popular in the area, starting in the $250,000s for midcentury models and rising as high as the $620,000s for 21st-century construction. "They have some nice

Home Trends in Southeast Rapid City, SD

Housing Trends

Median Sale Price
$346,400
Median Single Family Sale Price
$395,000
Median 2 Bedroom Sale Price
$264,000
Average Price Per Sq Ft
$204
Number of Homes for Sale
24
Last 12 months Home Sales
126
Months of Supply
2.30
Median List Price
$365,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
1%
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