Multi Family Investment Properties for Sale in Rapid City, SD

Property at 722 Silver St, Rapid City, SD
$ 219,000
ROI
22.7ROI percentage
Cash Flow/m
Dollar sign181
  • - Bed
  • - Bath
  • - sft
722 Silver St, Rapid City, SD, 57701
Property at 118 E Signal Dr, Rapid City, SD
$ 198,900
ROI
23.0ROI percentage
Cash Flow/m
Dollar sign179
  • - Bed
  • - Bath
  • - sft
118 E Signal Dr, Rapid City, SD, 57701
Property at 811 N Maple Ave, Rapid City, SD
Rental Income
$ 265,000
ROI
21.6ROI percentage
Cash Flow/m
Dollar sign139
  • - Bed
  • - Bath
  • - sft
811 N Maple Ave, Rapid City, SD, 57701
Property at 820 Blaine Ave, Rapid City, SD
$ 285,000
ROI
21.2ROI percentage
Cash Flow/m
Dollar sign118
  • - Bed
  • - Bath
  • - sft
820 Blaine Ave, 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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