811 Mallow Street, Rapid City, SD 57701
Local realty services provided by:CENTURY 21 Stevens and Associates, Inc.
811 Mallow Street,Rapid City, SD 57701
$999,500
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: pete jensen
Office: keller williams realty black hills sp
MLS#:87915
Source:SD_NBHMLS
Price summary
- Price:$999,500
About this home
Listed by Pete Jensen, KWBH, 605-484-6713. Great opportunity to add your investment porfolio- 8 unit apartment complex in central Rapid City with impressive occupancy rate and consistent rental history! Built in 2005, the building has 4 units on the upper level and 4 units on ground level, with a private parking lot. Ground level units are zero-entry for great accessibilty. Upper levels are accessed via recently refreshed decks on either end of the building. Combination of 2 bedroom/1 bathroom and 3 bedroom/2 bathroom units with rent ranging from $875-$1,075/unit, each having private entries, an open concept living space, full kitchen, private in-unit laundry and separate electric meters. Consistently improved on, units have updated kitchens, wall AC, low maintenance flooring, egress windows as needed and all appliances stay. Lots of recent preventive maintenance - water heater replacements, newer roof, deck staining, sprinkler system recharge, etc. Added income potential- room to raise rents or enjoy a strong excellent CAP rate as is. Conveniently located near downtown Rapid City, the Monument Arena and easy access to I90 and the Black Hills....
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Home facts
- Year built:2005
- Listing ID #:87915
- Added:118 day(s) ago
- Updated:July 23, 2026 at 08:39 PM
Heating and cooling
- Cooling:Refrig. Wall Unit
- Heating:Electric
Structure and exterior
- Roof:Composition
- Year built:2005
- Lot area:0.4 Acres
- Levels:2 Story
Finances and disclosures
- Price:$999,500
Features and amenities
- Amenities:Paved Street
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