Leland Apartments - 3313 Leland Ln

Rapid City, SD 57702

• 1031 Exchange Property
• Multifamily for Sale
• $2,274,400 CAD
• 15,216 SF

• Air Conditioning

Rapid City Multifamily for Sale

Listed by TJ Wojtanowicz at Black Hills Realty | 605-863-1920. Outstanding investment opportunity in West Rapid City! This 27-unit apartment complex offers an excellent mix of units including 24 studio apartments, one 2-bedroom/1-bath unit, one 1-bedroom/1-bath unit, and one efficiency unit. The property also features an on-site laundry facility with washers and dryers, six rentable garages providing additional income, plus one dedicated management garage. Tenants pay their own electricity while ownership pays water, sewer, boiler heat, and other common area expenses, creating a straightforward management structure with strong upside potential. Located in a desirable west side neighborhood near Canyon Lake, shopping, restaurants, medical facilities, schools, and major employers, the property benefits from a highly sought-after rental location with convenient access throughout Rapid City. Current ownership has maintained strong occupancy, and there is significant opportunity to increase rental income through future rent adjustments, operational efficiencies, and continued property improvements. This is an excellent value-add opportunity for investors seeking stable cash flow with long-term appreciation potential in one of Rapid City's strongest rental markets. Whether you are expanding your portfolio or completing a 1031 Exchange, this well-located multifamily investment offers immediate income, additional garage revenue, and substantial upside. Financial information available to qualified buyers upon execution of a confidentiality agreement. Call today for additional information or to schedule your private tour.

Contact:

Black Hills SD Realty

Property Subtype:

Apartment

Date on Market:

2026-06-25

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5410 Airport Rd

Rapid City, SD 57703

• 1031 Exchange Property
• Land for Sale
• $3,999,854 CAD
• 15 AC Lot

Rapid City Land for Sale

May participate in a 1031 exchange.

Contact:

Epic Outdoor Advertising

Property Subtype:

Commercial

Date on Market:

2026-05-03

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Packet Harbor Point - 270 Landmark Ct

Box Elder, SD 57719

• 1031 Exchange Property
• Multifamily for Sale
• $5,723,929 CAD
• 27,740 SF

Box Elder Multifamily for Sale

270 Landmark Ct presents an opportunity to acquire a 19-home residential investment portfolio in Box Elder, South Dakota, one of the fastest-growing communities in the Rapid City region. Located minutes from Ellsworth Air Force Base and adjacent to Rapid City, the property benefits from a well-established tenant base supported by military, contractor, and regional employment demand. The portfolio consists of individually platted homes, providing ownership flexibility through long-term hold, phased disposition, or individual home sales.

Contact:

Keller Williams Black Hills

Property Subtype:

Apartment

Date on Market:

2026-03-09

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21353 US HWY 385

Deadwood, SD 57732

• 1031 Exchange Property
• Specialty for Sale
• $2,339,223 CAD
• 11,226 SF

Deadwood Specialty for Sale

Listed by Daneen Jacquot Kulmala South Dakota Properties 605-484-7832 & Steve Kulmala South Dakota Properties 605-484-8501. If you are looking for an awesome investment property, look no further!! Six beautiful cabins in a great location, near Deadwood, Trails and lakes! These cabins stay busy year-round!! New well for Cabins 4, 5, 6 – $100,000. UV water filtration system for Cabins 1, 2, 3 – $12,000. Deck stairs for Cabins 2 and 3 – $5,000. Safety railings for Cabins 1, 3, 6 – $20,000+. New sofas in all cabins – $15,000. New gas ranges – $2,400. New dishwashers – $1,500. New shower installation – $1,500. New front doors – $2,100. New patio doors – $4,400. New windows – $1,500. New refrigerators – $3,400. Septic electrical repair – $3,000. Plumbing upgrades – $8,000. New hot water heaters Call today for your personal showing!! Contact Daneen Jacquot Kulmala South Dakota Properties 605-484-7832 & Steve Kulmala South Dakota Properties 605-484-8501 for showings. Legal- LOT 16 EX LOT H1 (.04AC) OF HES 13718-004-04 PLAT BK4 PG126 - LOT 15 EXLOT H1 (.02AC)OF HES137 18-004-04PLAT BK4 PG126 - LOT 14 EX LOT H1(.02AC) OF HES 137 18-004-04 PLATBK2 PG80 LOT 13 EX LOT H1(.01AC) OF HES 137 18-004-04 PLATBK4 PG126 - LOT 12 EXLOT H1 (.01AC) OF HES 137 18-004-04PLAT BK2 PG80 Business name: Cole Cabins

Contact:

South Dakota Properties

Date on Market:

2025-12-18

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Multi-family Land - Box Elder SD - Highway 1416

Box Elder, SD 57719

• 1031 Exchange Property
• Land for Sale
• $5,172,225 CAD
• 24.75 AC Lot

Box Elder Land for Sale

A 24.76-acre shovel-ready development tract in the Freedom Tracts Subdivision sold for $3,750,000. The graded site is strategically positioned near the main gate of Ellsworth AFB and along the rapidly growing Liberty Boulevard corridor, offering significant potential for multifamily and commercial development. On-site utilities, I-90 visibility, and development-ready status contributed to the property's investment appeal.

Contact:

Keller Williams Black Hills

Property Subtype:

Commercial

Date on Market:

2022-07-22

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