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 5823 Corbin Dr, Rapid City, SD
Rental Income
$ 249,900
ROI
22.2ROI percentage
Cash Flow/m
Dollar sign170
  • 4 Bed
  • - Bath
  • 2498 sft
5823 Corbin Dr, Rapid City, SD, 57703
Property at 213 E Watertown St, Rapid City, SD
Rental Income
$ 219,000
ROI
23.1ROI percentage
Cash Flow/m
Dollar sign206
  • 3 Bed
  • - Bath
  • 1680 sft
213 E Watertown St, Rapid City, SD, 57701
Property at 421 Spruce St, Rapid City, SD
Fix & Flip
Rental Income
$ 150,000
ROI
36.8ROI percentage
Cash Flow/m
Dollar sign709
  • - Bed
  • - Bath
  • - sft
421 Spruce St, Rapid City, SD, 57701
Property at 1616 1st St, Rapid City, SD
Rental Income
$ 287,400
ROI
20.1ROI percentage
Cash Flow/m
Dollar sign27
  • 5 Bed
  • - Bath
  • 2250 sft
1616 1st 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

Find Your Perfect Investment Property in Rapid City, South Dakota

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