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701 Dakota Dr, Rapid City, SD 57701

Rapid City
Local realty services provided by:CENTURY 21 ClearView Realty
701 Dakota Dr,Rapid City, SD 57701
$4,650,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: irina lewis
Office: coldwell banker black hills legacy
MLS#:175668
Source:SD_BHMLS

Price summary

  • Price:$4,650,000

About this home

Unbeatable location in the heart of west side Rapid City, adjacent to Sioux Park and the bike path - just minutes from schools, shopping, downtown, and countless dining options. This 48-unit apartment complex includes 44 two-bedroom units, 4 one-bedroom units, and 48 on-site storage units. 2nd and 3rd floor units have large balconies to enjoy the beautiful park setting. Tenants enjoy convenience and location, while owners benefit from thoughtful maintenance and improvements over the years, including durable siding, new roofs, custom exterior doors, lighting, water heaters, resurfaced parking lot, security system, concrete work (in progress), among many other updates. With its prime location and strong rental appeal, this complex is a rare opportunity to buy in the heart of Rapid City. Coin operated laundry in each building.

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Home facts

  • Year built:1972
  • Listing ID #:175668
  • Added:180 day(s) ago
  • Updated:March 12, 2026 at 02:29 PM

Heating and cooling

  • Cooling:Electric
  • Heating:Baseboard, Electric, Hot Water

Structure and exterior

  • Year built:1972
  • Lot Features:Flat
  • Foundation Description:Poured Concrete

Finances and disclosures

  • Price:$4,650,000

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