Real Estate Investment Properties for Sale in Rapid City, SD

Looking for investment property in Rapid City, SD with high ROI ?

Explore a variety of short-term homes & houses in Rapid City, SD. Invest wisely with VRBO & Rapid City, SD Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Rapid City, SD

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2034 Elmhurst Drive Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. If you're looking for great BANG for your buc...	2 beds \| 2 baths \| 1,027 sq.ft.	$255,000	Airbnb cash on cash: 3.82% Traditional cash on cash: 4.16% Airbnb Rental Income: $2104 Traditional Rental Income: $1646 Airbnb ROI: 3.82% Traditional ROI: 4.16%
4523 Vinecliff Drive Rapid City, SD For more information, please contact listing agent Zac Zandstra 605-484-3266 with Great Pe...	5 beds \| 3 baths \| 2,615 sq.ft.	$599,900	Airbnb cash on cash: 5.98% Traditional cash on cash: 4.29% Airbnb Rental Income: $5060 Traditional Rental Income: $3084 Airbnb ROI: 5.98% Traditional ROI: 4.29%
5032 Summerset Drive Rapid City, SD Contact listing agents Michael Warwick 605-641-2569 or Heath Gran 605-209-2052 with Great ...	3 beds \| 3 baths \| 2,108 sq.ft.	$475,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 3.37% Airbnb Rental Income: $3362 Traditional Rental Income: $2613 Airbnb ROI: 3.37% Traditional ROI: 3.37%
234 E Philadelphia Street Rapid City, SD Listed by Lonnie Doney, KWBH, 605-407-1048. Why rent when you can own? This pinterest perf...	2 beds \| 2 baths \| 1,152 sq.ft.	$185,000	Airbnb cash on cash: 6.07% Traditional cash on cash: 6.38% Airbnb Rental Income: $2104 Traditional Rental Income: $1619 Airbnb ROI: 6.07% Traditional ROI: 6.38%
646 Copperfield Drive Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Move in ready townhome on a corner lot in a g...	4 beds \| 3 baths \| 2,358 sq.ft.	$388,500	Airbnb cash on cash: 6.72% Traditional cash on cash: 5.19% Airbnb Rental Income: $4280 Traditional Rental Income: $2821 Airbnb ROI: 6.72% Traditional ROI: 5.19%
3215 Jessup Lane Rapid City, SD Newly constructed ranch style home on a huge lot located in the Copperfield Vistas subdivi...	3 beds \| 2 baths \| 2,633 sq.ft.	$439,900	Airbnb cash on cash: 3.82% Traditional cash on cash: 2.49% Airbnb Rental Income: $3362 Traditional Rental Income: $2067 Airbnb ROI: 3.82% Traditional ROI: 2.49%
3216 Jessup Lane Rapid City, SD Welcome to this modern 4-bedroom, 3-bathroom home built in 2022. The main floor boasts a s...	4 beds \| 3 baths \| 2,904 sq.ft.	$490,000	Airbnb cash on cash: 4.87% Traditional cash on cash: 4.35% Airbnb Rental Income: $4280 Traditional Rental Income: $3141 Airbnb ROI: 4.87% Traditional ROI: 4.35%
4461 Forest Park Rapid City, SD For more information, please contact listing agent Zac Zandstra 605-484-3266 with Great Pe...	4 beds \| 4 baths \| 5,810 sq.ft.	$1,250,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 1.01% Airbnb Rental Income: $4280 Traditional Rental Income: $3938 Airbnb ROI: 0.52% Traditional ROI: 1.01%
13865 Clydesdale Road Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. Currently $230,000 UNDER assessed value! ...	5 beds \| 4 baths \| 4,242 sq.ft.	$1,495,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 0.37% Airbnb Rental Income: $5060 Traditional Rental Income: $3803 Airbnb ROI: 0.53% Traditional ROI: 0.37%
5716 Cloud Peak Drive Rapid City, SD New construction in the highly desired Highpointe Ranch Subdivision. This new home is to b...	3 beds \| 2 baths \| 3,132 sq.ft.	$870,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 0.76% Airbnb Rental Income: $3362 Traditional Rental Income: $2571 Airbnb ROI: 0.81% Traditional ROI: 0.76%
5336 Silverton Street Rapid City, SD Check out this new home that is a split level with 3bd/1ba/2car. This home features qualit...	3 beds \| 1 baths \| 1,688 sq.ft.	$334,900	Airbnb cash on cash: 5.71% Traditional cash on cash: 3.48% Airbnb Rental Income: $3362 Traditional Rental Income: $1913 Airbnb ROI: 5.71% Traditional ROI: 3.48%
132 Monroe Street Rapid City, SD For more information, please contact listing agents Michael Warwick 605-641-2569 or Heath ...	8 beds \| N/A baths \| 1,472 sq.ft.	$379,000	Airbnb cash on cash: 9.24% Traditional cash on cash: 3.19% Airbnb Rental Income: $5060 Traditional Rental Income: $1875 Airbnb ROI: 9.24% Traditional ROI: 3.19%
4707 Patricia Street Rapid City, SD Don't pass up the opportunity to own this 4 bed/3 bath gem! Situated on a spacious lot wi...	4 beds \| 3 baths \| 2,208 sq.ft.	$375,000	Airbnb cash on cash: 7.04% Traditional cash on cash: 5% Airbnb Rental Income: $4280 Traditional Rental Income: $2662 Airbnb ROI: 7.04% Traditional ROI: 5%
617 Copperfield Drive Rapid City, SD Listed by Richelle Bruch, The Real Estate Center of Sturgis 605-206-1046 Step into modern ...	3 beds \| 3 baths \| 1,663 sq.ft.	$339,900	Airbnb cash on cash: 5.59% Traditional cash on cash: 4.71% Airbnb Rental Income: $3362 Traditional Rental Income: $2330 Airbnb ROI: 5.59% Traditional ROI: 4.71%
732 Ranchester Street Rapid City, SD Call listing agents, Lori Barnett (605) 786-5817 or Michelle Carr (720) 284-4564, at Engel...	4 beds \| 3 baths \| 3,500 sq.ft.	$1,699,000	Airbnb cash on cash: -0.22% Traditional cash on cash: -0.48% Airbnb Rental Income: $4280 Traditional Rental Income: $2973 Airbnb ROI: -0.22% Traditional ROI: -0.48%
TBD RANCHESTER ST Rapid City, SD Presenting a modern masterpiece by Wood Builders, this new construction home boasts two be...	4 beds \| 3 baths \| 3,120 sq.ft.	$1,699,000	Airbnb cash on cash: -0.22% Traditional cash on cash: -0.43% Airbnb Rental Income: $4280 Traditional Rental Income: $3049 Airbnb ROI: -0.22% Traditional ROI: -0.43%
3408 Taylor Made Drive Rapid City, SD For more information, please contact listing agents Zac Zandstra 605-484-3266 or Heath Gra...	4 beds \| 3 baths \| 2,770 sq.ft.	$775,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 1.92% Airbnb Rental Income: $4280 Traditional Rental Income: $3141 Airbnb ROI: 2.25% Traditional ROI: 1.92%
3402 Taylor Made Drive Rapid City, SD For more information, please contact listing agents Zac Zandstra 605-484-3266 or Heath Gra...	2 beds \| 2 baths \| 2,770 sq.ft.	$669,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 1.66% Airbnb Rental Income: $2104 Traditional Rental Income: $2566 Airbnb ROI: 0.06% Traditional ROI: 1.66%
4141 Portrush Rd. Rapid City, SD Listed by Lonnie Doney, KWBH, 605-407-1048. Enjoy the ease of 1-level living in this spaci...	5 beds \| 3 baths \| 3,120 sq.ft.	$469,000	Airbnb cash on cash: 6.67% Traditional cash on cash: 4.62% Airbnb Rental Income: $5060 Traditional Rental Income: $3128 Airbnb ROI: 6.67% Traditional ROI: 4.62%
605 St. James Street Rapid City, SD Listed by Stacy Domogalski, Keller Williams of the Black Hills 307-680-5921. You must see ...	3 beds \| 2 baths \| 1,509 sq.ft.	$349,900	Airbnb cash on cash: 5.37% Traditional cash on cash: 3.97% Airbnb Rental Income: $3362 Traditional Rental Income: $2152 Airbnb ROI: 5.37% Traditional ROI: 3.97%
4048 Valley West Drive Rapid City, SD PRICE IMPROVEMENT! Come check out the updates and see the possibilities! Fall in love with...	4 beds \| 3 baths \| 3,154 sq.ft.	$569,000	Airbnb cash on cash: 3.88% Traditional cash on cash: 3.41% Airbnb Rental Income: $4280 Traditional Rental Income: $3128 Airbnb ROI: 3.88% Traditional ROI: 3.41%
893 E Minnesota Street Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Looking for an affordable first time home or ...	2 beds \| 2 baths \| 1,120 sq.ft.	$245,000	Airbnb cash on cash: 4.06% Traditional cash on cash: 4.4% Airbnb Rental Income: $2104 Traditional Rental Income: $1643 Airbnb ROI: 4.06% Traditional ROI: 4.4%
22357 Dyess Avenue Rapid City, SD Discover unparalleled tranquility on this magnificent 8.84-acre estate, featuring a stunni...	3 beds \| 3 baths \| 2,432 sq.ft.	$525,000	Airbnb cash on cash: 2.84% Traditional cash on cash: 3.16% Airbnb Rental Income: $3362 Traditional Rental Income: $2770 Airbnb ROI: 2.84% Traditional ROI: 3.16%
1415 Fulton Street Rapid City, SD The standout features of this property are its view and location. Adjacent to the vast 30+...	4 beds \| 3 baths \| 2,144 sq.ft.	$439,000	Airbnb cash on cash: 5.69% Traditional cash on cash: 3.94% Airbnb Rental Income: $4280 Traditional Rental Income: $2659 Airbnb ROI: 5.69% Traditional ROI: 3.94%
4884 Ashland Rd Rapid City, SD An unparalleled opportunity awaits to own a prime 3200 sq ft shop space, tailor-made for y...	2 beds \| 2 baths \| 1,008 sq.ft.	$670,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 1.45% Airbnb Rental Income: $2104 Traditional Rental Income: $1948 Airbnb ROI: 0.84% Traditional ROI: 1.45%
14606 Country Road Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Move in ready ranch style home with ZERO STA...	2 beds \| 1 baths \| 930 sq.ft.	$294,900	Airbnb cash on cash: 4.15% Traditional cash on cash: 4.47% Airbnb Rental Income: $2104 Traditional Rental Income: $1652 Airbnb ROI: 4.15% Traditional ROI: 4.47%
1123 Alta Vista Drive Rapid City, SD Welcome home to your executive home conveniently located in south east Rapid City. From th...	5 beds \| 3 baths \| 3,896 sq.ft.	$799,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 2.28% Airbnb Rental Income: $5060 Traditional Rental Income: $3153 Airbnb ROI: 3.45% Traditional ROI: 2.28%
1115 E Saint Cloud St. Rapid City, SD "Charming, well-maintained home in a peaceful neighborhood awaits you. This 3-bedroom, 1-b...	3 beds \| 1 baths \| 1,593 sq.ft.	$289,000	Airbnb cash on cash: 7.49% Traditional cash on cash: 4.28% Airbnb Rental Income: $3362 Traditional Rental Income: $1741 Airbnb ROI: 7.49% Traditional ROI: 4.28%
23815 Anna Court Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. This custom built and designed home in the be...	5 beds \| 4 baths \| 5,196 sq.ft.	$1,298,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 1.27% Airbnb Rental Income: $5060 Traditional Rental Income: $3825 Airbnb ROI: 1.44% Traditional ROI: 1.27%
6518 Bandon Lane Rapid City, SD Listed by Suzanne White 605-390-0137 Keller Williams Realty BH. Welcome to your new dream ...	5 beds \| 4 baths \| 3,951 sq.ft.	$775,000	Airbnb cash on cash: 3.31% Traditional cash on cash: 3.01% Airbnb Rental Income: $5060 Traditional Rental Income: $3817 Airbnb ROI: 3.31% Traditional ROI: 3.01%
322 Diamond Ridge Boulevard Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. A nearly new construction home for a fraction...	4 beds \| 2 baths \| 2,012 sq.ft.	$349,500	Airbnb cash on cash: 7.71% Traditional cash on cash: 4.98% Airbnb Rental Income: $4280 Traditional Rental Income: $2483 Airbnb ROI: 7.71% Traditional ROI: 4.98%
424 San Marco Blvd. Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. Move in ready ranch style home that combines ...	3 beds \| 2 baths \| 1,992 sq.ft.	$367,000	Airbnb cash on cash: 5.33% Traditional cash on cash: 4.92% Airbnb Rental Income: $3362 Traditional Rental Income: $2472 Airbnb ROI: 5.33% Traditional ROI: 4.92%
221 Quincy Street Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Attention investors or first time home buyers...	2 beds \| 1 baths \| 1,002 sq.ft.	$210,000	Airbnb cash on cash: 5.1% Traditional cash on cash: 3.64% Airbnb Rental Income: $2104 Traditional Rental Income: $1274 Airbnb ROI: 5.1% Traditional ROI: 3.64%
1615 Plateau Lane Rapid City, SD Listed by Elissa Erickson, KWBH, 605-877-4060. Calling investors or first time home buyers...	4 beds \| 2 baths \| 2,016 sq.ft.	$299,000	Airbnb cash on cash: 9.38% Traditional cash on cash: 6.15% Airbnb Rental Income: $4280 Traditional Rental Income: $2470 Airbnb ROI: 9.38% Traditional ROI: 6.15%
225 N Berry Pine Road Rapid City, SD Listed by Lori Barnett, Engel & VÃ¶lkers 605.786.5817. This beautifully maintained four-be...	4 beds \| 3 baths \| 3,706 sq.ft.	$779,999	Airbnb cash on cash: 2.85% Traditional cash on cash: 2.21% Airbnb Rental Income: $4280 Traditional Rental Income: $2916 Airbnb ROI: 2.85% Traditional ROI: 2.21%
2739 W ST ANNE Rapid City, SD Experience tranquility in this beautiful west side home, just a short walk from Meadowbroo...	3 beds \| 2 baths \| 1,836 sq.ft.	$389,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 3.61% Airbnb Rental Income: $3362 Traditional Rental Income: $2250 Airbnb ROI: 4.61% Traditional ROI: 3.61%
312 Giants Drive Rapid City, SD Listed by Lonnie Doney, KWBH, 605-407-1048. Home Sweet Home- this beautifully updated spli...	4 beds \| 3 baths \| 2,288 sq.ft.	$419,900	Airbnb cash on cash: 6.42% Traditional cash on cash: 4.92% Airbnb Rental Income: $4280 Traditional Rental Income: $2785 Airbnb ROI: 6.42% Traditional ROI: 4.92%
2729 Rawhide Dr. Rapid City, SD Beautiful 5 bedroom home on the Southwest side with easy access to schools, parks, golf co...	5 beds \| 2 baths \| 2,200 sq.ft.	$430,000	Airbnb cash on cash: 7.47% Traditional cash on cash: 3.62% Airbnb Rental Income: $5060 Traditional Rental Income: $2475 Airbnb ROI: 7.47% Traditional ROI: 3.62%
121 Belleview Drive Rapid City, SD Listed by Jarred Curry at Keller Williams Realty-Black Hills Spearfish: 605-939-0990. Disc...	2 beds \| 1 baths \| 926 sq.ft.	$244,900	Airbnb cash on cash: 4.07% Traditional cash on cash: 3.03% Airbnb Rental Income: $2104 Traditional Rental Income: $1325 Airbnb ROI: 4.07% Traditional ROI: 3.03%
4625 Three Rivers Drive Rapid City, SD Welcome Home, lovely split level home just waiting for you! Vaulted ceiling and large liv...	3 beds \| 2 baths \| 1,569 sq.ft.	$332,400	Airbnb cash on cash: 5.77% Traditional cash on cash: 4.04% Airbnb Rental Income: $3362 Traditional Rental Income: $2072 Airbnb ROI: 5.77% Traditional ROI: 4.04%

Real Estate investment in Rapid-city, SD

There are 78 properties for sale in the city of Rapid City . The median list price in Rapid City is $389,900 and the average price per square foot is $181. In December 2024, the average monthly cash on cash return in Rapid City is 4.00%. The average monthly rental income in Rapid City is $2,366.

Rapid-city, SD Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 78 investment properties available for sale in Rapid-city.

In 2024, the best neighborhood to buy investment property is Rapid City.

The ROI for Short-Term is higher than the Long-Term in Rapid-city with average rental income of $3,362.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, SD

2034 Elmhurst Drive

Rapid City, SD

2 beds | 2 baths | 1,027 sq.ft.

$255,000

Airbnb cash on cash: 3.82%

Traditional cash on cash: 4.16%

Airbnb Rental Income: $2104

Traditional Rental Income: $1646

Airbnb ROI: 3.82%

Traditional ROI: 4.16%

4523 Vinecliff Drive

Rapid City, SD

5 beds | 3 baths | 2,615 sq.ft.

$599,900

Airbnb cash on cash: 5.98%

Traditional cash on cash: 4.29%

Airbnb Rental Income: $5060

Traditional Rental Income: $3084

Airbnb ROI: 5.98%

Traditional ROI: 4.29%

5032 Summerset Drive

Rapid City, SD

3 beds | 3 baths | 2,108 sq.ft.

$475,000

Airbnb cash on cash: 3.37%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $3362

Traditional Rental Income: $2613

Airbnb ROI: 3.37%

Traditional ROI: 3.37%

234 E Philadelphia Street

Rapid City, SD

2 beds | 2 baths | 1,152 sq.ft.

$185,000

Airbnb cash on cash: 6.07%

Traditional cash on cash: 6.38%

Airbnb Rental Income: $2104

Traditional Rental Income: $1619

Airbnb ROI: 6.07%

Traditional ROI: 6.38%

646 Copperfield Drive

Rapid City, SD

4 beds | 3 baths | 2,358 sq.ft.

$388,500

Airbnb cash on cash: 6.72%

Traditional cash on cash: 5.19%

Airbnb Rental Income: $4280

Traditional Rental Income: $2821

Airbnb ROI: 6.72%

Traditional ROI: 5.19%

3215 Jessup Lane

Rapid City, SD

3 beds | 2 baths | 2,633 sq.ft.

$439,900

Airbnb cash on cash: 3.82%

Traditional cash on cash: 2.49%

Airbnb Rental Income: $3362

Traditional Rental Income: $2067

Airbnb ROI: 3.82%

Traditional ROI: 2.49%

3216 Jessup Lane

Rapid City, SD

4 beds | 3 baths | 2,904 sq.ft.

$490,000

Airbnb cash on cash: 4.87%

Traditional cash on cash: 4.35%

Airbnb Rental Income: $4280

Traditional Rental Income: $3141

Airbnb ROI: 4.87%

Traditional ROI: 4.35%

4461 Forest Park

Rapid City, SD

4 beds | 4 baths | 5,810 sq.ft.

$1,250,000

Airbnb cash on cash: 0.52%

Traditional cash on cash: 1.01%

Airbnb Rental Income: $4280

Traditional Rental Income: $3938

Airbnb ROI: 0.52%