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Rapid City, SD 57701 626 N 1St

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Presented By: L'AVANCE CAPITAL AND REAL ESTATE
  • MLS# 178594
  • 04/21/2026
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Home Details

Excellent investment! Opportunity zone for long-term investors in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units — a highly desirable and consistent rental layout. The property is fully sprinkled and includes an exterior sprinkler system for added safety and functionality. The roof and siding have been replaced recently. Extensive exterior renovations have been completed, enhancing both curb appeal and long-term durability. All units have been renovated, with two units updated within the last year. The building maintains a strong occupancy history, with vacancy rates historically ranging between 0–5%, demonstrating solid rental demand and stability. Two shared coin-operated laundry units are located in the common area, providing additional income potential. This turnkey asset offers consistent unit mix, modernized interiors, and proven performance — making it a strong addition to any investor’s portfolio. Listed by Josiah LaFrance- L'Avance Real Estate and Capital 605-786-3098
Presented By: L'AVANCE CAPITAL AND REAL ESTATE

Interior Features for 626 N 1St

Other Interior Features

Total Number of Units8
Unit FeaturesAll Units, Common Utility Room

General for 626 N 1St

Auction Y/NNo
CityRapid City
ConstructionFrame
CoolingWindow
CountyPennington
Docs on FileOther (See Remarks)
HeatingElectric
MiscellaneousSeparate Meters
ParkingPaved
Postal Code57701
Primary CityRapid City
Public RemarksExcellent investment! Opportunity zone for long-term investors in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units — a highly desirable and consistent
RoofComposition
SewerCity
StatusACTIVE
Status Detail0
SubdivisionBLAKES ADD
SubdivisionSD
TermsCash, New Loan
TypeMultiplex
ViewCity
WaterCity
Year Built2003
ZoningUnknown

Exterior for 626 N 1St

FoundationSlab
Lot Dimensions.17
Lot TypeFlat

Additional Details

Price History

Jerilyn Suridis

Broker Associate
Price $914,900
MLS#178594
List Date 04/21/2026
Property Type Multi-Family
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