1948 Hillsview Dr, Rapid City, SD 57702

Local realty services provided by:CENTURY 21 ClearView Realty
1948 Hillsview Dr,Rapid City, SD 57702
$549,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: lisa mueller
Office: coldwell banker black hills legacy
MLS#:179421
Source:SD_BHMLS

Price summary

  • Price:$549,900

About this home

Exceptional investment opportunity in a prime Rapid City location! Situated near Canyon Lake Park, schools, shopping, and restaurants, this well-maintained 5-unit multi-family property offers immediate income with strong long-term potential. Situated on 0.9 acres, the property also includes a 28' x 15' garage, providing valuable storage space for tenants and/or owners. The complex has been updated within the past five years, including improvements to windows, doors, and electrical systems. With a proven track record of stable occupancy and long-term tenants, this property has demonstrated consistent performance over the past 16 years. Current rental rates are below market value, creating an outstanding opportunity for increased cash flow, future appreciation, and enhanced return on investment. Whether you're expanding your portfolio or seeking a quality income-producing property, this is one you won't want to miss.

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Home facts

  • Year built:1949
  • Listing ID #:179421
  • Added:3 day(s) ago
  • Updated:June 11, 2026 at 02:31 PM

Heating and cooling

  • Cooling:Central, Electric, Window
  • Heating:Forced Air

Structure and exterior

  • Year built:1949
  • Lot Features:Corner

Finances and disclosures

  • Price:$549,900