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
242 E ST FRANCIS Rapid City, SD Listing provided by Paige McGee-Keller Williams Realty, Black Hills. Text/Call for showing...	2 beds \| 1 baths \| 840 sq.ft.	$240,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 2.78% Airbnb Rental Income: $1549 Traditional Rental Income: $1243 Airbnb ROI: 2.15% Traditional ROI: 2.78%
4225 PORTRUSH RD Rapid City, SD Listed by Lonnie Doney, KWBH,. Dreaming of an attainable luxury home in the beautiful Red ...	4 beds \| 3 baths \| 3,130 sq.ft.	$659,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 2.7% Airbnb Rental Income: $2840 Traditional Rental Income: $2808 Airbnb ROI: 1.68% Traditional ROI: 2.7%
136 MELANO ST Rapid City, SD Listed by Shauna Sheets, KWBH,. Move-in ready and full of features, this 4-bedroom, 3-bath...	4 beds \| 3 baths \| 2,274 sq.ft.	$409,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 4.45% Airbnb Rental Income: $2840 Traditional Rental Income: $2681 Airbnb ROI: 3.14% Traditional ROI: 4.45%
3600 SHERIDAN LAKE RD #306 Rapid City, SD Listed by Jeremy Kahler, KWBH,. Looking for the ease of one-level living with convenient H...	2 beds \| 2 baths \| 1,114 sq.ft.	$305,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 2.89% Airbnb Rental Income: $1549 Traditional Rental Income: $1694 Airbnb ROI: 0.83% Traditional ROI: 2.89%
113 ST FRANCIS Rapid City, SD Listed by Austin Stiles, KWBH,. Affordable, updated, and easy to love- this charming bunga...	2 beds \| 1 baths \| 1,340 sq.ft.	$260,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 3.23% Airbnb Rental Income: $1549 Traditional Rental Income: $1448 Airbnb ROI: 1.82% Traditional ROI: 3.23%
4608 NONANNA ST Rapid City, SD Colisted by Lonnie Doney and Jeremy Kahler,, KWBH. Nestled in the foothills of the Black H...	4 beds \| 3 baths \| 2,353 sq.ft.	$499,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 2.18% Airbnb Rental Income: $2840 Traditional Rental Income: $2182 Airbnb ROI: 2.17% Traditional ROI: 2.18%
1220 RANGE VIEW CIR Rapid City, SD Listed by Rich Hegre Engel & Volkers 605-381-(RICH)7424. This well-appointed, nicely updat...	3 beds \| 2 baths \| 2,080 sq.ft.	$369,900	Airbnb cash on cash: 2.28% Traditional cash on cash: 2.77% Airbnb Rental Income: $2247 Traditional Rental Income: $1851 Airbnb ROI: 2.28% Traditional ROI: 2.77%
4280 BENNETT RD Rapid City, SD Listed by Jeremy Kahler, KWBH,. Custom built, raised ranch style home with smart upgrades,...	2 beds \| 2 baths \| 5,056 sq.ft.	$435,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 2.34% Airbnb Rental Income: $1549 Traditional Rental Income: $2027 Airbnb ROI: 0.07% Traditional ROI: 2.34%
903 FULTON ST Rapid City, SD Listed by Cody Brown, Engel & Voelkers Black Hills,. Beautifully located in the historic a...	4 beds \| 3 baths \| 3,646 sq.ft.	$480,000	Airbnb cash on cash: 2.54% Traditional cash on cash: 4.26% Airbnb Rental Income: $2840 Traditional Rental Income: $2950 Airbnb ROI: 2.54% Traditional ROI: 4.26%
5520 Coal Bank Drive Rapid City, SD Listed by Rich Hegre Engel & Volkers 605-381-RICH(7424). Welcome to this nearly new 4-bed...	4 beds \| 3 baths \| N/A	$419,900	Airbnb cash on cash: 3% Traditional cash on cash: 4.45% Airbnb Rental Income: $2840 Traditional Rental Income: $2748 Airbnb ROI: 3% Traditional ROI: 4.45%
811 MALLOW Rapid City, SD Listed by Shauna Sheets, KWBH,. Great opportunity to add your investment porfolio- 8 unit ...	5 beds \| N/A baths \| N/A	$999,500	Airbnb cash on cash: 0.16% Traditional cash on cash: -0.04% Airbnb Rental Income: $3087 Traditional Rental Income: $2196 Airbnb ROI: 0.16% Traditional ROI: -0.04%
616 Saint Cloud St. Rapid City, SD Welcome to this 4-bedroom, 2-bathroom bungalow offering approximately 1,549 sq. ft. of com...	4 beds \| 2 baths \| N/A	$261,500	Airbnb cash on cash: 6.6% Traditional cash on cash: 5.65% Airbnb Rental Income: $2840 Traditional Rental Income: $1943 Airbnb ROI: 6.6% Traditional ROI: 5.65%
6868 N DEADWOOD AVE Rapid City, SD Listed by Sarah Peterka Keller Williams Realty-Black Hills Spearfish. Rare opportunity to ...	4 beds \| 2 baths \| 1,848 sq.ft.	$689,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 1.29% Airbnb Rental Income: $2840 Traditional Rental Income: $2399 Airbnb ROI: 0.94% Traditional ROI: 1.29%
3952 FAIRWAY HILLS DR Rapid City, SD Listed by Lori Barnett & Michelle Carr, Engel & Volkers Black Hills, \|. Seller is offering...	2 beds \| 2 baths \| 1,083 sq.ft.	$257,500	Airbnb cash on cash: 2.09% Traditional cash on cash: 3.63% Airbnb Rental Income: $1549 Traditional Rental Income: $1477 Airbnb ROI: 2.09% Traditional ROI: 3.63%
3300 Enfield Loop Rd Rapid City, SD Presented by Bobbi Bentz with Engel and Volkers605-390-1941. Better than new and move-in r...	3 beds \| 3 baths \| N/A	$424,900	Airbnb cash on cash: 2.6% Traditional cash on cash: 5.14% Airbnb Rental Income: $2247 Traditional Rental Income: $2695 Airbnb ROI: 2.6% Traditional ROI: 5.14%
616 ST CLOUD Rapid City, SD Welcome to this 4-bedroom, 2-bathroom bungalow offering approximately 1,549 sq. ft. of com...	4 beds \| 2 baths \| 1,341 sq.ft.	$261,500	Airbnb cash on cash: 6.16% Traditional cash on cash: 4.92% Airbnb Rental Income: $2840 Traditional Rental Income: $1873 Airbnb ROI: 6.16% Traditional ROI: 4.92%
429 E IDAHO Rapid City, SD Listed Shauna Sheets, KWBH,. Located near Robbinsdale Park, schools, and the hospital, thi...	3 beds \| 1 baths \| 1,044 sq.ft.	$230,000	Airbnb cash on cash: 5.02% Traditional cash on cash: 4.06% Airbnb Rental Income: $2247 Traditional Rental Income: $1476 Airbnb ROI: 5.02% Traditional ROI: 4.06%
117 E ST FRANCIS Rapid City, SD Listed by Jeremy Kahler, KWBH,. Pinterest perfect, and being sold FULLY FURNISHED, this re...	2 beds \| 1 baths \| 672 sq.ft.	$217,000	Airbnb cash on cash: 2.62% Traditional cash on cash: 2.39% Airbnb Rental Income: $1549 Traditional Rental Income: $1055 Airbnb ROI: 2.62% Traditional ROI: 2.39%
4503 PATRICIA ST Rapid City, SD Fun, bright, and modern this custom-built home is designed to stand out in all the right w...	4 beds \| 3 baths \| 2,327 sq.ft.	$475,900	Airbnb cash on cash: 2.29% Traditional cash on cash: 3.87% Airbnb Rental Income: $2840 Traditional Rental Income: $2882 Airbnb ROI: 2.29% Traditional ROI: 3.87%
320 SAINT CHARLES STREET Rapid City, SD For more information, please contact listing agents Heath Gran or Scot Munro with Great Pe...	4 beds \| 2 baths \| 1,748 sq.ft.	$329,900	Airbnb cash on cash: 5.22% Traditional cash on cash: 6.42% Airbnb Rental Income: $2840 Traditional Rental Income: $2550 Airbnb ROI: 5.22% Traditional ROI: 6.42%
4932 SOUTH POINTE DR Rapid City, SD Listed by Rich Hegre, Engel & Volkers 605-381-RICH(7424) Beautiful 4-Bedroom, 3-Bathroom H...	4 beds \| 3 baths \| 1,582 sq.ft.	$387,900	Airbnb cash on cash: 3.77% Traditional cash on cash: 3.76% Airbnb Rental Income: $2840 Traditional Rental Income: $2174 Airbnb ROI: 3.77% Traditional ROI: 3.76%
635 DIAMOND RIDGE BOULEVARD Rapid City, SD Listed by Shauna Sheets, KWBH,. Need more room to spread out without stretching your budge...	5 beds \| 2 baths \| 2,090 sq.ft.	$338,500	Airbnb cash on cash: 4.9% Traditional cash on cash: 3.04% Airbnb Rental Income: $3087 Traditional Rental Income: $1790 Airbnb ROI: 4.9% Traditional ROI: 3.04%
23033 HISEGA RD Rapid City, SD Listed with Misti Brown Engel & Volkers of the Black Hills. Rare Black Hills Retreat on 3....	4 beds \| 3 baths \| 2,280 sq.ft.	$849,900	Airbnb cash on cash: 0.81% Traditional cash on cash: 1.56% Airbnb Rental Income: $2840 Traditional Rental Income: $2768 Airbnb ROI: 0.81% Traditional ROI: 1.56%
3209 BROADMOOR DR Rapid City, SD Listed by Shauna Sheets, KWBH,. Quiet luxury, comfort, and effortless main-level living co...	3 beds \| 3 baths \| 3,644 sq.ft.	$595,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 1.31% Airbnb Rental Income: $2247 Traditional Rental Income: $2099 Airbnb ROI: 0.56% Traditional ROI: 1.31%
13379 SEVENTH CAVALRY TRL Rapid City, SD Listed by Holly Hultgren, KWBH,. Nestled just off Nemo Road in the beautiful Black Hills, ...	3 beds \| 3 baths \| 1,690 sq.ft.	$450,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 2.15% Airbnb Rental Income: $2247 Traditional Rental Income: $1967 Airbnb ROI: 1.48% Traditional ROI: 2.15%
3331 TAYLOR MADE DR Rapid City, SD Listed by Jeremy Kahler, KWBH,. Welcome to 3331 Taylor Made Dr- a beautifully designed ZER...	3 beds \| 2 baths \| 1,870 sq.ft.	$619,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 2.18% Airbnb Rental Income: $2247 Traditional Rental Income: $2091 Airbnb ROI: 1.48% Traditional ROI: 2.18%
23921 CISCO LN Rapid City, SD SELLER OFFERING A 2-1 INTEREST RATE BUYDOWN FOR BUYER, making this incredible property eve...	4 beds \| 2 baths \| 1,932 sq.ft.	$658,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 1.46% Airbnb Rental Income: $2840 Traditional Rental Income: $2403 Airbnb ROI: 1.1% Traditional ROI: 1.46%
3417 W RAPID Rapid City, SD Listed by Rich Hegre Engel & Volkers 605-381-RICH(7424) This is a great opportunity to own...	N/A beds \| N/A baths \| N/A	$285,000	Airbnb cash on cash: 5.88% Traditional cash on cash: 0.16% Airbnb Rental Income: $2840 Traditional Rental Income: $641 Airbnb ROI: 5.88% Traditional ROI: 0.16%
421 SPRUCE Rapid City, SD Listed by Charlea Svenson, Engel & Volkers Black Hills,. Investment opportunity featuring ...	N/A beds \| N/A baths \| N/A	$135,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 6.3% Airbnb Rental Income: $1128 Traditional Rental Income: $1206 Airbnb ROI: 2.79% Traditional ROI: 6.3%
1212 MOUNTAIN SPRINGS LN Rapid City, SD Listed by Lori Barnett, Engel & Volkers Black Hills,. Tucked into the last two-unit struct...	3 beds \| 3 baths \| 2,900 sq.ft.	$469,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 3.67% Airbnb Rental Income: $2247 Traditional Rental Income: $2717 Airbnb ROI: 1.32% Traditional ROI: 3.67%
824 HOLCOMB AVE Rapid City, SD This charming one-bedroom, one-bath home is full of character and makes great use of its s...	1 beds \| 1 baths \| 480 sq.ft.	$209,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 1.08% Airbnb Rental Income: $924 Traditional Rental Income: $760 Airbnb ROI: 0.17% Traditional ROI: 1.08%
117 ST FRANCIS Rapid City, SD Listed by Misti Brown Engel & Voelkers Black Hills,. Welcome to this charming South Side h...	3 beds \| 2 baths \| 1,520 sq.ft.	$314,900	Airbnb cash on cash: 3.07% Traditional cash on cash: 3.94% Airbnb Rental Income: $2247 Traditional Rental Income: $1941 Airbnb ROI: 3.07% Traditional ROI: 3.94%

Real Estate investment in Rapid-city, SD

There are 88 properties for sale in the city of Rapid City . The median list price in Rapid City is $369,824 and the average price per square foot is $185. In November 2026, the average monthly cash on cash return in Rapid City is 2.00%. The average monthly rental income in Rapid City is $1,756.

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

There are 88 investment properties available for sale in Rapid-city.

In 2026, 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 $2,247.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, SD

242 E ST FRANCIS

Rapid City, SD

2 beds | 1 baths | 840 sq.ft.

$240,000

Airbnb cash on cash: 2.15%

Traditional cash on cash: 2.78%

Airbnb Rental Income: $1549

Traditional Rental Income: $1243

Airbnb ROI: 2.15%

Traditional ROI: 2.78%

4225 PORTRUSH RD

Rapid City, SD

4 beds | 3 baths | 3,130 sq.ft.

$659,000

Airbnb cash on cash: 1.68%

Traditional cash on cash: 2.7%

Airbnb Rental Income: $2840

Traditional Rental Income: $2808

Airbnb ROI: 1.68%

Traditional ROI: 2.7%

136 MELANO ST

Rapid City, SD

4 beds | 3 baths | 2,274 sq.ft.

$409,000

Airbnb cash on cash: 3.14%

Traditional cash on cash: 4.45%

Airbnb Rental Income: $2840

Traditional Rental Income: $2681

Airbnb ROI: 3.14%

Traditional ROI: 4.45%

3600 SHERIDAN LAKE RD #306

Rapid City, SD

2 beds | 2 baths | 1,114 sq.ft.

$305,000

Airbnb cash on cash: 0.83%

Traditional cash on cash: 2.89%

Airbnb Rental Income: $1549

Traditional Rental Income: $1694

Airbnb ROI: 0.83%

Traditional ROI: 2.89%

113 ST FRANCIS

Rapid City, SD

2 beds | 1 baths | 1,340 sq.ft.

$260,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 3.23%

Airbnb Rental Income: $1549

Traditional Rental Income: $1448

Airbnb ROI: 1.82%

Traditional ROI: 3.23%

4608 NONANNA ST

Rapid City, SD

4 beds | 3 baths | 2,353 sq.ft.

$499,000

Airbnb cash on cash: 2.17%

Traditional cash on cash: 2.18%

Airbnb Rental Income: $2840

Traditional Rental Income: $2182

Airbnb ROI: 2.17%

Traditional ROI: 2.18%

1220 RANGE VIEW CIR

Rapid City, SD

3 beds | 2 baths | 2,080 sq.ft.

$369,900

Airbnb cash on cash: 2.28%

Traditional cash on cash: 2.77%

Airbnb Rental Income: $2247

Traditional Rental Income: $1851

Airbnb ROI: 2.28%

Traditional ROI: 2.77%

4280 BENNETT RD

Rapid City, SD

2 beds | 2 baths | 5,056 sq.ft.

$435,000

Airbnb cash on cash: 0.07%

Traditional cash on cash: 2.34%

Airbnb Rental Income: $1549

Traditional Rental Income: $2027

Airbnb ROI: 0.07%