Presented By: Keller Williams Realty Black Hills SP
MLS# 87915
03/27/2026
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Beds • 8
Baths • 8
SQFT • 5,198
Home Details
Listed by Pete Jensen, KWBH, 605-484-6713. Great opportunity to add your investment porfolio- 8 unit apartment complex in central Rapid City with impressive occupancy rate and consistent rental history! Built in 2005, the building has 4 units on the upper level and 4 units on ground level, with a private parking lot. Ground level units are zero-entry for great accessibilty. Upper levels are accessed via recently refreshed decks on either end of the building. Combination of 2 bedroom/1 bathroom and 3 bedroom/2 bathroom units with rent ranging from $875-$1,075/unit, each having private entries, an open concept living space, full kitchen, private in-unit laundry and separate electric meters. Consistently improved on, units have updated kitchens, wall AC, low maintenance flooring, egress windows as needed and all appliances stay. Lots of recent preventive maintenance - water heater replacements, newer roof, deck staining, sprinkler system recharge, etc. Added income potential- room to raise rents or enjoy a strong excellent CAP rate as is. Conveniently located near downtown Rapid City, the Monument Arena and easy access to I90 and the Black Hills.
Presented By: Keller Williams Realty Black Hills SP
Interior Features for 811 Mallow Street
Bedrooms
Unit 1 Bedrooms3
Unit 2 Bedrooms2
Other Interior Features
# of Units8
General for 811 Mallow Street
Agent First NamePete
Agent Last NameJensen
AreaRapid City-Northwest
Auction Y/NNo
CityRapid City
ClassMULTI-FAMILY
ConstructionFrame
CoolingRefrig. Wall Unit
CovenantsNo
DirectionsHeading E on Omaha St. L on Founders Park Dr. R on Philadelphia St. L on Nickel St., L on Boegel St. R on Mallow, complex is on the L.
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