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$531,977

1948 HILLSVIEW DR, Rapid City SD, 57702

Built in1949
Property typeMulti-family

Overview

Active

Listed Jul 8, 2026

Updated 3 weeks ago

This 5-plex is being offered at $106,395 per unit—this well-maintained 5-unit multi-family property currently generates $49,380 in annual rental income and offers immediate income with long-term potential. With a proven 16-year track record of stable occupancy, the property has demonstrated consistent rental performance. Current average rent is approximately $823 per unit/month, with rental rates believed to be below market, creating an opportunity for future income growth. Situated on approximately 0.9 acres near Canyon Lake Park, schools, shopping and restaurants, the property also includes a 28' x 15' garage, providing valuable additional storage. Improvements within the past five years include updates to roof, siding, windows, doors and electrical systems. Whether expanding an existing portfolio or seeking an established income-producing property, 1948 Hillsview offers an attractive combination of rental history, location, price per unit and potential upside.

$3,539/mo

Est. mortgage payment based on a $531,977 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

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Listed by LISA MUELLER with COLDWELL BANKER BLACK HILLS LEGACY
Listing Contact:  

The IDX display contains information sourced from the Black Hills Association of REALTORS® as of 9/17/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Black Hills Association of REALTORS® all rights reserved.

Data last updated on 9/17/2026 at 4:17 AM UTC

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