1948 Hillsview Dr Rapid City, SD 57702
Listing Courtesy of: BLACK HILLS / Listed By: Lisa Mueller, Coldwell Banker Black Hills Legacy Real Estate

  1948 Hillsview Dr Rapid City, SD 57702

Active
$549,900 (USD)

Description

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.

MLS #:
179421
Type
Multifamily
Year Built
1949
Views
Trees
County
Pennington County

Listed By

Lisa Mueller, Coldwell Banker Black Hills Legacy Real Estate
Source
BLACK HILLS
Last checked Jun 10 2026 at 4:18 AM GMT+0000
Bathroom Details
Subdivision
  • Sherman
Lot Information
  • Corner
Property Features
  • Foundation: None
Heating and Cooling
  • Forced Air
  • Natural Gas
  • Central
  • Electric
  • Window
Exterior Features
  • Roof: Composition
Utility Information
  • Sewer: City
  • Fuel: Gas
Parking
  • See Remarks
Location
   
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Disclaimer: Copyright 2026 Black Hills Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/9/26 21:18