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626 N 1st, Rapid City, SD 57701

Rapid City
Local realty services provided by:CENTURY 21 ClearView Realty
626 N 1st,Rapid City, SD 57701
$925,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: josiah lafrance
Office: l'avance capital and real estate
MLS#:178594
Source:SD_BHMLS

Price summary

  • Price:$925,000

About this home

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-...

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Home facts

  • Year built:2003
  • Listing ID #:178594
  • Added:29 day(s) ago
  • Updated:May 21, 2026 at 02:32 PM

Heating and cooling

  • Cooling:Window
  • Heating:Electric

Structure and exterior

  • Year built:2003
  • Lot Features:Flat
  • Foundation Description:Slab

Finances and disclosures

  • Price:$925,000

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