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605.858.0717 

$914,900
ACTIVE
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Specification
TypeMultiplex
MLS #178594
HeatingElectric
Publication dateJul 01, 2026
Lot size0.17 acres
SubdivisionBLAKES ADD
Year built2003
Property ID: 17155
Updated: Jun 14, 2026
Excellent investment! Opportunity zone for long-term investors in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units — a highly desirable and consistent rental layout. The property is fully sprinkled and includes an exterior sprinkler system for added safety and functionality. The roof and siding have been replaced recently. Extensive exterior renovations have been completed, enhancing both curb appeal and long-term durability. All units have been renovated, with two units updated within the last year. The building maintains a strong occupancy history, with vacancy rates historically ranging between 0–5%, demonstrating solid rental demand and stability. Two shared coin-operated laundry units are located in the common area, providing additional income potential. This turnkey asset offers consistent unit mix, modernized interiors, and proven performance — making it a strong addition to any investor’s portfolio. Listed by Josiah LaFrance- L'Avance Real Estate and Capital 605-786-3098
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626 N 1ST, Rapid City, SD, 57701, United States
Excellent investment! Opportunity zone for long-term investors in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units — a highly desirable and consistent re… Read more
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