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
7020 Prestwick Rd Rapid City, SD Luxury Living on Red Rocks Golf Course Modern elegance meets lasting comfort in this custo...	4 beds \| 3 baths \| 3,639 sq.ft.	$1,399,999	Airbnb cash on cash: 1.28% Traditional cash on cash: 0.51% Airbnb Rental Income: $5140 Traditional Rental Income: $3096 Airbnb ROI: 1.28% Traditional ROI: 0.51%
3600 Sheridan Lake Road Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Looking for the ease of one-level living wit...	2 beds \| 2 baths \| 1,114 sq.ft.	$315,000	Airbnb cash on cash: 5.25% Traditional cash on cash: 3.29% Airbnb Rental Income: $2958 Traditional Rental Income: $1694 Airbnb ROI: 5.25% Traditional ROI: 3.29%
12734 N Prairie Creek Road Rapid City, SD Listed by Terssa Markworth RE/MAX IN THE HILLS 605-639-1078. Lovely home minutes from Pact...	3 beds \| 3 baths \| 2,616 sq.ft.	$645,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 2.38% Airbnb Rental Income: $2892 Traditional Rental Income: $2909 Airbnb ROI: 1.24% Traditional ROI: 2.38%
4027 Fairway Hills Rapid City, SD Floor-to-ceiling windows, Black Hills views, and one of the larger balconies in Fairway Hi...	2 beds \| 2 baths \| 1,261 sq.ft.	$349,900	Airbnb cash on cash: 4.35% Traditional cash on cash: 3.11% Airbnb Rental Income: $2958 Traditional Rental Income: $1869 Airbnb ROI: 4.35% Traditional ROI: 3.11%
3488 Enfield Loop Rd Rapid City, SD Listed by Jeremy Kahler, KWBH 605-381-7500. Nestled atop a hill in a growing neighborhood,...	4 beds \| 3 baths \| 2,273 sq.ft.	$455,000	Airbnb cash on cash: 7.09% Traditional cash on cash: 4.21% Airbnb Rental Income: $5140 Traditional Rental Income: $2866 Airbnb ROI: 7.09% Traditional ROI: 4.21%
305 E Watertown Street Rapid City, SD Listed by Amanda Carlin 605-440-7587. This charming 2-bedroom, 2-bathroom home with 1,120 ...	2 beds \| 2 baths \| 1,120 sq.ft.	$215,000	Airbnb cash on cash: 8.42% Traditional cash on cash: 5.08% Airbnb Rental Income: $2958 Traditional Rental Income: $1595 Airbnb ROI: 8.42% Traditional ROI: 5.08%
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: 2.87% Traditional cash on cash: 2.49% Airbnb Rental Income: $2892 Traditional Rental Income: $2067 Airbnb ROI: 2.87% Traditional ROI: 2.49%
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.	$689,000	Airbnb cash on cash: 3.93% Traditional cash on cash: 2.44% Airbnb Rental Income: $5140 Traditional Rental Income: $3141 Airbnb ROI: 3.93% Traditional ROI: 2.44%
14606 Country Road Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Affordable 1-level living on a 1 acre lot ou...	2 beds \| 1 baths \| 930 sq.ft.	$290,000	Airbnb cash on cash: 6.84% Traditional cash on cash: 4.56% Airbnb Rental Income: $2958 Traditional Rental Income: $1652 Airbnb ROI: 6.84% Traditional ROI: 4.56%
225 N Berry Pine Road Rapid City, SD Listed by Lori Barnett, Engel & VÃ¶lkers 605.786.5817. This beautifully maintained four-...	4 beds \| 3 baths \| N/A	$679,000	Airbnb cash on cash: 4.54% Traditional cash on cash: 2.68% Airbnb Rental Income: $5140 Traditional Rental Income: $2916 Airbnb ROI: 4.54% Traditional ROI: 2.68%
6533 Muirfield Drive Rapid City, SD Listed by Lori Barnett, Engel & VÃ¶lkers 605-786-5817. Nestled in the prestigious Red Ro...	5 beds \| 3 baths \| N/A	$535,000	Airbnb cash on cash: 9.92% Traditional cash on cash: 3.48% Airbnb Rental Income: $7452 Traditional Rental Income: $2804 Airbnb ROI: 9.92% Traditional ROI: 3.48%
627 Copperfield Drive Rapid City, SD Discover the perfect blend of comfort and convenience in this stunning 3-bedroom, 3-bathro...	3 beds \| 3 baths \| 2,640 sq.ft.	$425,000	Airbnb cash on cash: 3.05% Traditional cash on cash: 4.69% Airbnb Rental Income: $2892 Traditional Rental Income: $2874 Airbnb ROI: 3.05% Traditional ROI: 4.69%
13651 Quartz Canyon Ct Rapid City, SD Co-listed by Shauna Sheets and Jeremy Kahler, KWBH. Tucked on a tree covered hillside, th...	3 beds \| 2 baths \| 1,932 sq.ft.	$439,900	Airbnb cash on cash: 3.82% Traditional cash on cash: 4.42% Airbnb Rental Income: $2892 Traditional Rental Income: $2468 Airbnb ROI: 3.82% Traditional ROI: 4.42%
10901 Echo Ridge Drive Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Tucked on 4 tree covered acres in the Black H...	4 beds \| 4 baths \| 4,987 sq.ft.	$1,125,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 1.46% Airbnb Rental Income: $5140 Traditional Rental Income: $3280 Airbnb ROI: 2.24% Traditional ROI: 1.46%
4814 Pahlmeyer Drive Rapid City, SD For more information, please contact listing agent Zac Zandstra 605-484-3266 with Great Pe...	3 beds \| 2 baths \| 2,729 sq.ft.	$539,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 4.03% Airbnb Rental Income: $2892 Traditional Rental Income: $2770 Airbnb ROI: 2.94% Traditional ROI: 4.03%
1020 E TALLENT Rapid City, SD Listed by Jenni Sneesby - Engel & VÃ¶lkers - 605-645-1181. Nestled on a peaceful street on...	3 beds \| 1 baths \| 1,092 sq.ft.	$249,000	Airbnb cash on cash: 6.84% Traditional cash on cash: 3.65% Airbnb Rental Income: $2892 Traditional Rental Income: $1470 Airbnb ROI: 6.84% Traditional ROI: 3.65%
4215 #204 Fairway Hills Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. Enjoy low maintenance living in this move in ...	2 beds \| 2 baths \| 1,430 sq.ft.	$319,900	Airbnb cash on cash: 5.23% Traditional cash on cash: 4.06% Airbnb Rental Income: $2958 Traditional Rental Income: $1922 Airbnb ROI: 5.23% Traditional ROI: 4.06%
1020 Tallent Street Rapid City, SD Listed by Jenni Sneesby - Engel & VÃ¶lkers - 605-645-1181. Nestled on a peaceful street on...	3 beds \| 1 baths \| N/A	$249,000	Airbnb cash on cash: 6.84% Traditional cash on cash: 3.62% Airbnb Rental Income: $2892 Traditional Rental Income: $1462 Airbnb ROI: 6.84% Traditional ROI: 3.62%
424 ROBBINS DR Rapid City, SD Listed by KadieBeth Lang with Engel & Volkers Black Hills LLC 605-391-3622. Welcome to you...	3 beds \| 1 baths \| 864 sq.ft.	$207,500	Airbnb cash on cash: 8.62% Traditional cash on cash: 4.27% Airbnb Rental Income: $2892 Traditional Rental Income: $1366 Airbnb ROI: 8.62% Traditional ROI: 4.27%
4280 Bennett Road Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Custom built, raised ranch style home with sm...	2 beds \| 2 baths \| 5,056 sq.ft.	$469,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 2.1% Airbnb Rental Income: $2958 Traditional Rental Income: $2027 Airbnb ROI: 2.67% Traditional ROI: 2.1%
5328 Silverton Street Rapid City, SD Welcome home to this beautifully finished split-foyer residence inRapid Valley offering mo...	3 beds \| 2 baths \| 1,938 sq.ft.	$434,900	Airbnb cash on cash: 4.07% Traditional cash on cash: 4.86% Airbnb Rental Income: $2892 Traditional Rental Income: $2544 Airbnb ROI: 4.07% Traditional ROI: 4.86%
5320 Silverton Street Rapid City, SD Welcome home to this beautifully finished split-foyer residence in the desirable Rapid Val...	3 beds \| 2 baths \| 1,938 sq.ft.	$409,900	Airbnb cash on cash: 4.37% Traditional cash on cash: 5.02% Airbnb Rental Income: $2892 Traditional Rental Income: $2471 Airbnb ROI: 4.37% Traditional ROI: 5.02%
903 Fulton Street Rapid City, SD Listed by Cody Brown, Engel & Voelkers Black Hills, 402-910-3553. Beautifully located in t...	4 beds \| 3 baths \| 3,855 sq.ft.	$574,999	Airbnb cash on cash: 5.53% Traditional cash on cash: 3.4% Airbnb Rental Income: $5140 Traditional Rental Income: $2950 Airbnb ROI: 5.53% Traditional ROI: 3.4%
1324 Pearl Harbor Street Rapid City, SD Check out this great 3-bedroom, 2-bath home with beautiful views of the hills. Enjoy the c...	3 beds \| 2 baths \| 1,904 sq.ft.	$289,000	Airbnb cash on cash: 5.49% Traditional cash on cash: 5.82% Airbnb Rental Income: $2892 Traditional Rental Income: $2311 Airbnb ROI: 5.49% Traditional ROI: 5.82%
5759 Wind River Road Rapid City, SD Refined Luxury Meets Custom Opportunity at Highpointe Ranch Listed by Kevin Andreson, KWBH...	3 beds \| 3 baths \| 2,644 sq.ft.	$965,000	Airbnb cash on cash: 1.2% Traditional cash on cash: 2.04% Airbnb Rental Income: $2892 Traditional Rental Income: $2978 Airbnb ROI: 1.2% Traditional ROI: 2.04%
222 N 42nd Street Rapid City, SD Meticulously kept, move-in-ready 3-bed, 2-bath home situated on a beautifully landscaped l...	3 beds \| 2 baths \| 1,758 sq.ft.	$399,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 3.62% Airbnb Rental Income: $2892 Traditional Rental Income: $2204 Airbnb ROI: 3.67% Traditional ROI: 3.62%
23221 Black Forest PL Rapid City, SD Nestled among the ponderosa pines of the Black Hills, this 3-bedroom, 2-bath retreat offer...	3 beds \| 2 baths \| 1,968 sq.ft.	$580,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 3.63% Airbnb Rental Income: $2892 Traditional Rental Income: $3000 Airbnb ROI: 2.19% Traditional ROI: 3.63%
4517 Horse Creek Road Rapid City, SD Listed by Holly Hultgren, KWBH, 605-545-1943. Welcome home to easy one level living on a p...	3 beds \| 2 baths \| 1,344 sq.ft.	$475,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 1.63% Airbnb Rental Income: $2892 Traditional Rental Income: $1840 Airbnb ROI: 2.49% Traditional ROI: 1.63%
3225 W Rapid Street Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Looking to build your investment portfolio? L...	2 beds \| N/A baths \| 1,640 sq.ft.	$285,000	Airbnb cash on cash: 6.16% Traditional cash on cash: 3.56% Airbnb Rental Income: $2892 Traditional Rental Income: $1525 Airbnb ROI: 6.16% Traditional ROI: 3.56%
709 E Iowa Street Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. Calling first time home buyers- affordable o...	3 beds \| 1 baths \| 912 sq.ft.	$257,900	Airbnb cash on cash: 6.85% Traditional cash on cash: 3.31% Airbnb Rental Income: $2892 Traditional Rental Income: $1360 Airbnb ROI: 6.85% Traditional ROI: 3.31%
4814 Encampment Lane Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. Enjoy accessible 1-level living in this move...	2 beds \| 2 baths \| 1,353 sq.ft.	$395,000	Airbnb cash on cash: 3.87% Traditional cash on cash: 2.89% Airbnb Rental Income: $2958 Traditional Rental Income: $1914 Airbnb ROI: 3.87% Traditional ROI: 2.89%
TBD Lot 17C W MINNESOTA Rapid City, SD Listed by Lori Barnett & Michelle Carr, Engel & VÃ¶lkers Black Hills, 605.786.5817 \| 720.2...	4 beds \| 3 baths \| 3,120 sq.ft.	$1,909,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 0.56% Airbnb Rental Income: $5140 Traditional Rental Income: $3009 Airbnb ROI: 1.17% Traditional ROI: 0.56%
TBD Lot 17C W Minnesota Street Rapid City, SD Listed by Lori Barnett & Michelle Carr, Engel & VÃ¶lkers Black Hills, 605.786.5817 \| 720.2...	4 beds \| 3 baths \| N/A	$1,909,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 0.47% Airbnb Rental Income: $5140 Traditional Rental Income: $2852 Airbnb ROI: 1.17% Traditional ROI: 0.47%
242 E Saint Francis Rapid City, SD Fresh updates! This home offers the "move in ready" feel with new appliances, new flooring...	2 beds \| 1 baths \| 840 sq.ft.	$265,000	Airbnb cash on cash: 6.75% Traditional cash on cash: 2.76% Airbnb Rental Income: $2958 Traditional Rental Income: $1279 Airbnb ROI: 6.75% Traditional ROI: 2.76%
12776 Black Forest Road Rapid City, SD Listed by Kevin Andreson, KWBH 605-646-5409. Escape to your own Black Hills turnkey retrea...	5 beds \| 4 baths \| 2,842 sq.ft.	$659,900	Airbnb cash on cash: 7.85% Traditional cash on cash: 4% Airbnb Rental Income: $7452 Traditional Rental Income: $3650 Airbnb ROI: 7.85% Traditional ROI: 4%
1222 E Oakland Street Rapid City, SD Beautiful one-level, no-stairs home offering 2 bedrooms, 2 baths, and a 2-car garage, buil...	2 beds \| 2 baths \| 1,248 sq.ft.	$324,900	Airbnb cash on cash: 5.21% Traditional cash on cash: 3.69% Airbnb Rental Income: $2958 Traditional Rental Income: $1810 Airbnb ROI: 5.21% Traditional ROI: 3.69%
6605 Carnoustie Court Rapid City, SD Listed by Lonnie Doney, KWBH, 605-407-1048. Nestled in the foothills of the beautiful Blac...	5 beds \| 4 baths \| 3,988 sq.ft.	$915,000	Airbnb cash on cash: 4.98% Traditional cash on cash: 2.39% Airbnb Rental Income: $7452 Traditional Rental Income: $3814 Airbnb ROI: 4.98% Traditional ROI: 2.39%
5520 S Pitch Court Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. First time home buyer alert- affordable one l...	3 beds \| 2 baths \| 1,135 sq.ft.	$307,000	Airbnb cash on cash: 5.07% Traditional cash on cash: 3.47% Airbnb Rental Income: $2892 Traditional Rental Income: $1758 Airbnb ROI: 5.07% Traditional ROI: 3.47%
7999 Erickson Ranch Road Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Offered for sale only once before, this incre...	5 beds \| 5 baths \| 6,641 sq.ft.	$2,200,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 0.93% Airbnb Rental Income: $7452 Traditional Rental Income: $5143 Airbnb ROI: 1.36% Traditional ROI: 0.93%
2123 Ivy Avenue Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Calling first time home buyers- affordable on...	3 beds \| 1 baths \| 1,104 sq.ft.	$239,900	Airbnb cash on cash: 7.1% Traditional cash on cash: 3.91% Airbnb Rental Income: $2892 Traditional Rental Income: $1499 Airbnb ROI: 7.1% Traditional ROI: 3.91%

Real Estate investment in Rapid-city, SD

There are 61 properties for sale in the city of Rapid City . The median list price in Rapid City is $374,300 and the average price per square foot is $187. In March 2026, the average monthly cash on cash return in Rapid City is 2.00%. The average monthly rental income in Rapid City is $1,686.

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

There are 61 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 $2,958.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, SD

7020 Prestwick Rd

Rapid City, SD

4 beds | 3 baths | 3,639 sq.ft.

$1,399,999

Airbnb cash on cash: 1.28%

Traditional cash on cash: 0.51%

Airbnb Rental Income: $5140

Traditional Rental Income: $3096

Airbnb ROI: 1.28%

Traditional ROI: 0.51%

3600 Sheridan Lake Road

Rapid City, SD

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

$315,000

Airbnb cash on cash: 5.25%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $2958

Traditional Rental Income: $1694

Airbnb ROI: 5.25%

Traditional ROI: 3.29%

12734 N Prairie Creek Road

Rapid City, SD

3 beds | 3 baths | 2,616 sq.ft.

$645,000

Airbnb cash on cash: 1.24%

Traditional cash on cash: 2.38%

Airbnb Rental Income: $2892

Traditional Rental Income: $2909

Airbnb ROI: 1.24%

Traditional ROI: 2.38%

4027 Fairway Hills

Rapid City, SD

2 beds | 2 baths | 1,261 sq.ft.

$349,900

Airbnb cash on cash: 4.35%

Traditional cash on cash: 3.11%

Airbnb Rental Income: $2958

Traditional Rental Income: $1869

Airbnb ROI: 4.35%

Traditional ROI: 3.11%

3488 Enfield Loop Rd

Rapid City, SD

4 beds | 3 baths | 2,273 sq.ft.

$455,000

Airbnb cash on cash: 7.09%

Traditional cash on cash: 4.21%

Airbnb Rental Income: $5140

Traditional Rental Income: $2866

Airbnb ROI: 7.09%

Traditional ROI: 4.21%

305 E Watertown Street

Rapid City, SD

2 beds | 2 baths | 1,120 sq.ft.

$215,000

Airbnb cash on cash: 8.42%

Traditional cash on cash: 5.08%

Airbnb Rental Income: $2958

Traditional Rental Income: $1595

Airbnb ROI: 8.42%

Traditional ROI: 5.08%

3215 Jessup Lane

Rapid City, SD

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

$439,900

Airbnb cash on cash: 2.87%

Traditional cash on cash: 2.49%

Airbnb Rental Income: $2892

Traditional Rental Income: $2067

Airbnb ROI: 2.87%

Traditional ROI: 2.49%

3408 Taylor Made Drive

Rapid City, SD

4 beds | 3 baths | 2,770 sq.ft.

$689,000

Airbnb cash on cash: 3.93%

Traditional cash on cash: 2.44%

Airbnb Rental Income: $5140

Traditional Rental Income: $3141

Airbnb ROI: 3.93%