Multi-Family Investment Properties in Rapid City, SD | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Multi Family Investment Properties for Sale in Rapid City, SD

Property at 3025 W Omaha St, Rapid City, SD
Currently Rented
Rental Income
$ 515,000
ROI
24.5ROI percentage
Cash Flow/m
Dollar sign625
  • 8 Bed
  • - Bath
  • 3358 sft
3025 W Omaha St, Rapid City, SD, 57702
Property at 811 Willsie Ave, Rapid City, SD
$ 265,000
ROI
20.5ROI percentage
Cash Flow/m
Dollar sign51
  • 4 Bed
  • - Bath
  • 1824 sft
811 Willsie Ave, Rapid City, SD, 57701
Property at 3311 W Rapid St, Rapid City, SD
$ 216,800
ROI
21.6ROI percentage
Cash Flow/m
Dollar sign112
  • 4 Bed
  • 2 Bath
  • 768 sft
3311 W Rapid St, Rapid City, SD, 57702
Property at 405 E Watertown St, Rapid City, SD
Currently Rented
$ 172,700
ROI
40.8ROI percentage
Cash Flow/m
Dollar sign1013
  • - Bed
  • - Bath
  • 1553 sft
405 E Watertown St, Rapid City, SD, 57701

Why Invest in Rapid City, South Dakota?

Multi-family properties in Rapid City, SD offer strong investment potential amid low housing inventory and steady population growth. Rapid City's critically low supply of 1.8 months supports elevated rental demand and stable appreciation. Investors benefit from sustainable price growth around 2% annually and a robust regional economy. Cap rates remain attractive for multi-family assets given limited new construction relative to demand. Renter-occupied housing trends reinforce cash flow reliability in this Black Hills gateway market.

8.5%
Avg. ROI
6.2%
Rental Yield
7.1%
Cap Rate
$1250/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
2%
1Y Appreciation

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