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701 Dakota Dr

Rapid City, SD 57701
  • $4,650,000
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 175668
UPDATED: 27 min ago
$4,650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

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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© 2025 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Dupont Real Estate Inc.. Data last updated: 2025-11-15T13:16:17.567.
www.dupontrealestateteam.com/homes/167870853
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701 Dakota Dr Rapid City, SD 57701

  • Price: $4,650,000
  • Status: Active
  • On Site: 63 Days
  • Updated: 27 min ago
  • MLS #: 175668
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1972
Built
Neighborhood:
Other
County:
Pennington
Area:
Sheridan Lake Road
Property Description
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.
Exterior Features

Construction HardboardOther Entrance Private Entrance Lot Size 2.1 acre Lot Type Flat Parking Paved Roofing Composition Style Other View CreekCityTrees

Interior Features

Cooling Electric Foundation Poured Concrete Heating ElectricHot WaterBaseboard

Property Features

Auction YN No Documents On File Survey Features Some UnitsBalcony/Deck Includes All UnitsRefrigeratorRange/OvenDisposalMicrowave Miscellaneous Separate Meters Multifamily Type Other Possession Negotiable Safety Features Smoke DetectorsFire AlarmSecurity System Sewer City Tenancy Type Multiple Vacancy Rate 0 - 5%5 - 10% Water City Will Sell CashNew Loan Zoning Conforming

© 2025 Black Hills Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Irina Lewis of COLDWELL BANKER BLACK HILLS LEGACY: 605-343-2700.


© 2025 Black Hills Association of REALTORS® Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from BHMLS. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Dupont Real Estate Inc.. Data last updated: 2025-11-15T13:16:17.567.
 
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Dupont Real Estate Inc.
1211 Mt. Rushmore Rd.
Rapid City SD, 57701