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.	$1,436,250	Airbnb cash on cash: -0.42% Traditional cash on cash: 0.47% Airbnb Rental Income: $2511 Traditional Rental Income: $3096 Airbnb ROI: -0.42% Traditional ROI: 0.47%
4051 FAIRWAY HILLS DR Rapid City, SD Beautiful 3rd-Floor Condo with Elevator & Heated Parking! Step into comfort and convenienc...	1 beds \| 1 baths \| 921 sq.ft.	$270,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 2.98% Airbnb Rental Income: $1519 Traditional Rental Income: $1403 Airbnb ROI: 1.7% Traditional ROI: 2.98%
7972 Jasmine Lane Rapid City, SD Listed by Pete Jensen, KWBH, 605-484-6713. This.Is.It! MASTERFULLY remodeled ranch style h...	4 beds \| 3 baths \| 3,012 sq.ft.	$899,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 1.23% Airbnb Rental Income: $2511 Traditional Rental Income: $3049 Airbnb ROI: -0.14% Traditional ROI: 1.23%
3113 Palmer Drive Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. Wonderfully maintained ranch style home with ...	5 beds \| 3 baths \| 3,178 sq.ft.	$619,900	Airbnb cash on cash: 2.38% Traditional cash on cash: 3.01% Airbnb Rental Income: $3588 Traditional Rental Income: $3164 Airbnb ROI: 2.38% Traditional ROI: 3.01%
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.	$375,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 5.46% Airbnb Rental Income: $2511 Traditional Rental Income: $2821 Airbnb ROI: 2.85% Traditional ROI: 5.46%
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: 1.35% Traditional cash on cash: 2.49% Airbnb Rental Income: $2144 Traditional Rental Income: $2067 Airbnb ROI: 1.35% Traditional ROI: 2.49%
613 KATHRYN AVE Rapid City, SD Easy living starts here! Zero entry townhome with vaulted ceilings, open layout, and a bri...	2 beds \| 2 baths \| 1,198 sq.ft.	$248,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 5.83% Airbnb Rental Income: $2008 Traditional Rental Income: $1910 Airbnb ROI: 4.01% Traditional ROI: 5.83%
1011 Lemmon Avenue Rapid City, SD Check out this affordable home, centrally located in Rapid City. This property includes 2 ...	2 beds \| 1 baths \| 756 sq.ft.	$169,000	Airbnb cash on cash: 6.95% Traditional cash on cash: 5.56% Airbnb Rental Income: $2008 Traditional Rental Income: $1261 Airbnb ROI: 6.95% Traditional ROI: 5.56%
1327 Harmony Heights Lane Rapid City, SD Listed by Holly Hultgren, KWBH, 605-545-1943. One word: POTENTIAL! Nestled among the pine...	5 beds \| 3 baths \| 3,345 sq.ft.	$325,000	Airbnb cash on cash: 6.57% Traditional cash on cash: 6.04% Airbnb Rental Income: $3588 Traditional Rental Income: $2640 Airbnb ROI: 6.57% Traditional ROI: 6.04%
5336 Silverton Street Rapid City, SD Welcome to this beautifully designed 3-bedroom, 1-bath split-level home in the highly desi...	3 beds \| 1 baths \| 1,688 sq.ft.	$379,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 2.81% Airbnb Rental Income: $2144 Traditional Rental Income: $1913 Airbnb ROI: 1.92% Traditional ROI: 2.81%
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.	$699,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 2.38% Airbnb Rental Income: $2511 Traditional Rental Income: $3141 Airbnb ROI: 0.48% Traditional ROI: 2.38%
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: -0.07% Traditional cash on cash: 1.66% Airbnb Rental Income: $2008 Traditional Rental Income: $2566 Airbnb ROI: -0.07% Traditional ROI: 1.66%
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 \| N/A	$689,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 2.63% Airbnb Rental Income: $2511 Traditional Rental Income: $2916 Airbnb ROI: 1.05% Traditional ROI: 2.63%
411 N BERRY PINE RD Rapid City, SD Listed by, Nicole Petrik, Engel & VÃ¶lkers Black Hills, LLC, 605-939-6299. Priced to Sell!...	2 beds \| 1 baths \| 1,149 sq.ft.	$350,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 1.18% Airbnb Rental Income: $2008 Traditional Rental Income: $1347 Airbnb ROI: 1.59% Traditional ROI: 1.18%
651 Ennen Drive Rapid City, SD Townhome living without the HOA. This home offers 2 bedrooms, a bathroom, and laundry area...	2 beds \| 1 baths \| 1,096 sq.ft.	$224,900	Airbnb cash on cash: 4.76% Traditional cash on cash: 3.84% Airbnb Rental Income: $2008 Traditional Rental Income: $1289 Airbnb ROI: 4.76% Traditional ROI: 3.84%
13250 NEMO RD Rapid City, SD Welcome to your dream home! Nestled on 3.13 acres, this spacious 4-bedroom, 3-bathroom res...	4 beds \| 3 baths \| 2,744 sq.ft.	$670,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 2.8% Airbnb Rental Income: $2511 Traditional Rental Income: $2866 Airbnb ROI: 1.26% Traditional ROI: 2.8%
1101 Riley Court Rapid City, SD Welcome to this beautifully maintained 3-bedroom, 2-bathroom manufactured home built in 20...	3 beds \| 2 baths \| 1,216 sq.ft.	$149,900	Airbnb cash on cash: 8.84% Traditional cash on cash: 9.77% Airbnb Rental Income: $2144 Traditional Rental Income: $1731 Airbnb ROI: 8.84% Traditional ROI: 9.77%
195 SWISS DR Rapid City, SD TURNKEY CABIN RETREAT. This three-level cabin sits in the pines of Edelweiss Mountain and ...	4 beds \| 2 baths \| 2,200 sq.ft.	$499,900	Airbnb cash on cash: 2.15% Traditional cash on cash: 3.38% Airbnb Rental Income: $2511 Traditional Rental Income: $2477 Airbnb ROI: 2.15% Traditional ROI: 3.38%
4901 Coal Bank Drive Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Calling investors or first time home buyers-...	3 beds \| 2 baths \| 1,936 sq.ft.	$344,900	Airbnb cash on cash: 2.64% Traditional cash on cash: 4.68% Airbnb Rental Income: $2144 Traditional Rental Income: $2258 Airbnb ROI: 2.64% Traditional ROI: 4.68%
15585 Antelope Creek Road Rapid City, SD Bring your animals on out to a peaceful property for some country living. This beautiful h...	2 beds \| 1 baths \| 1,168 sq.ft.	$375,000	Airbnb cash on cash: 2.55% Traditional cash on cash: 3.29% Airbnb Rental Income: $2008 Traditional Rental Income: $1745 Airbnb ROI: 2.55% Traditional ROI: 3.29%
304 Enchanted Pines Drive Rapid City, SD Listed by Pete Jensen, KWBH, 605-484-6713. Welcome home to 304 Enchanted Pines Dr- a quali...	3 beds \| 3 baths \| 2,840 sq.ft.	$559,900	Airbnb cash on cash: 0.91% Traditional cash on cash: 3.27% Airbnb Rental Income: $2144 Traditional Rental Income: $2835 Airbnb ROI: 0.91% Traditional ROI: 3.27%
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	$559,990	Airbnb cash on cash: 3.28% Traditional cash on cash: 3.28% Airbnb Rental Income: $3588 Traditional Rental Income: $2804 Airbnb ROI: 3.28% Traditional ROI: 3.28%
10210 Pioneer Avenue Rapid City, SD Charming A-Frame Retreat with Stunning Views of Buzzardâs Roost Nestled in a serene set...	3 beds \| 2 baths \| 2,678 sq.ft.	$610,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 2.64% Airbnb Rental Income: $2144 Traditional Rental Income: $2663 Airbnb ROI: 0.77% Traditional ROI: 2.64%
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: 1.48% Traditional cash on cash: 4.69% Airbnb Rental Income: $2144 Traditional Rental Income: $2874 Airbnb ROI: 1.48% Traditional ROI: 4.69%
3964 Fairway Hills Rapid City, SD For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro ...	2 beds \| 2 baths \| 1,083 sq.ft.	$214,000	Airbnb cash on cash: 4.76% Traditional cash on cash: 5.12% Airbnb Rental Income: $2008 Traditional Rental Income: $1558 Airbnb ROI: 4.76% Traditional ROI: 5.12%
13651 Quartz Canyon Ct Rapid City, SD Co-listed by Shauna Sheets 605-545-5430 and Jeremy Kahler, 605-381-7500, KWBH. Loved by t...	3 beds \| 2 baths \| 1,932 sq.ft.	$445,000	Airbnb cash on cash: 2.27% Traditional cash on cash: 4.36% Airbnb Rental Income: $2144 Traditional Rental Income: $2468 Airbnb ROI: 2.27% Traditional ROI: 4.36%
3042 Rombauer Drive Rapid City, SD For more information, please contact listing agent Zac Zandstra 605-484-3266 with Great Pe...	3 beds \| 3 baths \| 3,218 sq.ft.	$589,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.56% Airbnb Rental Income: $2144 Traditional Rental Income: $2745 Airbnb ROI: 1.48% Traditional ROI: 3.56%
22376 Bunco Court Rapid City, SD Listed by Pete Jensen, KWBH, 605-484-6713. Welcome home to 22376 Bunco Ct- a spacious rais...	4 beds \| 4 baths \| 2,720 sq.ft.	$519,900	Airbnb cash on cash: 1.85% Traditional cash on cash: 4.22% Airbnb Rental Income: $2511 Traditional Rental Income: $3057 Airbnb ROI: 1.85% Traditional ROI: 4.22%
2109 Ivy Avenue Rapid City, SD Listed by Elissa Erickson, KWBH, 605-877-4060. Affordable home ownership PLUS an impressiv...	2 beds \| 1 baths \| 864 sq.ft.	$255,000	Airbnb cash on cash: 3.77% Traditional cash on cash: 3.07% Airbnb Rental Income: $2008 Traditional Rental Income: $1317 Airbnb ROI: 3.77% Traditional ROI: 3.07%
718 E Madison St. Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. No matter how much you're approved for- you m...	3 beds \| 2 baths \| 1,500 sq.ft.	$275,000	Airbnb cash on cash: 3.51% Traditional cash on cash: 5.23% Airbnb Rental Income: $2144 Traditional Rental Income: $2045 Airbnb ROI: 3.51% Traditional ROI: 5.23%
724 E Madison St. Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. No matter how much you're approved for- you m...	3 beds \| 2 baths \| 1,500 sq.ft.	$275,000	Airbnb cash on cash: 3.51% Traditional cash on cash: 5.23% Airbnb Rental Income: $2144 Traditional Rental Income: $2045 Airbnb ROI: 3.51% Traditional ROI: 5.23%
3945 Park Drive Rapid City, SD Spacious westside twin home offering main-level living, over 3300 finished sq ft, and no H...	3 beds \| 3 baths \| 3,328 sq.ft.	$475,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 3.72% Airbnb Rental Income: $2144 Traditional Rental Income: $2585 Airbnb ROI: 1.5% Traditional ROI: 3.72%
6606 Dunsmore Road Rapid City, SD Listed by Lonnie Doney, KWBH, 605-407-1048. MOTIVATED SELLER Nestled in the desirable Re...	5 beds \| 3 baths \| 2,608 sq.ft.	$480,000	Airbnb cash on cash: 3.88% Traditional cash on cash: 3.96% Airbnb Rental Income: $3588 Traditional Rental Income: $2835 Airbnb ROI: 3.88% Traditional ROI: 3.96%
10901 Echo Ridge Drive Rapid City, SD Presented by Melissa Christianson, Engel & VÃ¶lkers Black Hills - 605-863-3707. Homes like...	4 beds \| 4 baths \| N/A	$1,199,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 1.31% Airbnb Rental Income: $2511 Traditional Rental Income: $3280 Airbnb ROI: 0.08% Traditional ROI: 1.31%
24227 Pine Grove Road Rapid City, SD Peaceful Retreat on 10 Acres Bordering National Forest â 24227 Pine Grove Rd, Rapid City...	4 beds \| 2 baths \| 2,969 sq.ft.	$550,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 3.28% Airbnb Rental Income: $2511 Traditional Rental Income: $2779 Airbnb ROI: 1.58% Traditional ROI: 3.28%
1128 Riley Court Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. Affordable home ownership is here- move in re...	3 beds \| 2 baths \| 2,048 sq.ft.	$169,900	Airbnb cash on cash: 7.22% Traditional cash on cash: 10.84% Airbnb Rental Income: $2144 Traditional Rental Income: $2185 Airbnb ROI: 7.22% Traditional ROI: 10.84%
433 E Indiana Street Rapid City, SD Contact Listing Agent Karson Klein at (605) 641-5548 to schedule a showing. Welcome to 433...	3 beds \| 1 baths \| 864 sq.ft.	$195,000	Airbnb cash on cash: 5.83% Traditional cash on cash: 4.91% Airbnb Rental Income: $2144 Traditional Rental Income: $1426 Airbnb ROI: 5.83% Traditional ROI: 4.91%
516 Aaron Ct Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Never before offered for sale, this ranch st...	3 beds \| 2 baths \| 1,397 sq.ft.	$398,000	Airbnb cash on cash: 2.2% Traditional cash on cash: 3.44% Airbnb Rental Income: $2144 Traditional Rental Income: $2062 Airbnb ROI: 2.2% Traditional ROI: 3.44%
Lot 17A W MINNESOTA Rapid City, SD Listed by Lori Barnett & Michelle Carr, Engel & VÃ¶lkers Black Hills, 605.786.5817/720.284...	4 beds \| 3 baths \| 3,120 sq.ft.	$1,842,500	Airbnb cash on cash: -0.02% Traditional cash on cash: 0.66% Airbnb Rental Income: $2511 Traditional Rental Income: $3065 Airbnb ROI: -0.02% Traditional ROI: 0.66%
Lot 17A W Minnesota Street Rapid City, SD Presenting a modern masterpiece by Wood Builders at the Summit Collection at Scotland Hill...	4 beds \| 3 baths \| N/A	$1,842,500	Airbnb cash on cash: -0.02% Traditional cash on cash: 0.56% Airbnb Rental Income: $2511 Traditional Rental Income: $2903 Airbnb ROI: -0.02% Traditional ROI: 0.56%

Real Estate investment in Rapid-city, SD

There are 91 properties for sale in the city of Rapid City . The median list price in Rapid City is $395,000 and the average price per square foot is $185. In October 2025, the average monthly cash on cash return in Rapid City is 4.00%. The average monthly rental income in Rapid City is $2,284.

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

There are 91 investment properties available for sale in Rapid-city.

In 2025, the best neighborhood to buy investment property is Rapid City.

The ROI for Long-Term is higher than the Short-Term in Rapid-city with average rental income of $2,284.

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.

$1,436,250

Airbnb cash on cash: -0.42%

Traditional cash on cash: 0.47%

Airbnb Rental Income: $2511

Traditional Rental Income: $3096

Airbnb ROI: -0.42%

Traditional ROI: 0.47%

4051 FAIRWAY HILLS DR

Rapid City, SD

1 beds | 1 baths | 921 sq.ft.

$270,000

Airbnb cash on cash: 1.7%

Traditional cash on cash: 2.98%

Airbnb Rental Income: $1519

Traditional Rental Income: $1403

Airbnb ROI: 1.7%

Traditional ROI: 2.98%

7972 Jasmine Lane

Rapid City, SD

4 beds | 3 baths | 3,012 sq.ft.

$899,900

Airbnb cash on cash: -0.14%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $2511

Traditional Rental Income: $3049

Airbnb ROI: -0.14%

Traditional ROI: 1.23%

3113 Palmer Drive

Rapid City, SD

5 beds | 3 baths | 3,178 sq.ft.

$619,900

Airbnb cash on cash: 2.38%

Traditional cash on cash: 3.01%

Airbnb Rental Income: $3588

Traditional Rental Income: $3164

Airbnb ROI: 2.38%

Traditional ROI: 3.01%

646 Copperfield Drive

Rapid City, SD

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

$375,000

Airbnb cash on cash: 2.85%

Traditional cash on cash: 5.46%

Airbnb Rental Income: $2511

Traditional Rental Income: $2821

Airbnb ROI: 2.85%

Traditional ROI: 5.46%

3215 Jessup Lane

Rapid City, SD

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

$439,900

Airbnb cash on cash: 1.35%

Traditional cash on cash: 2.49%

Airbnb Rental Income: $2144

Traditional Rental Income: $2067

Airbnb ROI: 1.35%

Traditional ROI: 2.49%

613 KATHRYN AVE

Rapid City, SD

2 beds | 2 baths | 1,198 sq.ft.

$248,000

Airbnb cash on cash: 4.01%

Traditional cash on cash: 5.83%

Airbnb Rental Income: $2008

Traditional Rental Income: $1910

Airbnb ROI: 4.01%

Traditional ROI: 5.83%

1011 Lemmon Avenue

Rapid City, SD

2 beds | 1 baths | 756 sq.ft.

$169,000

Airbnb cash on cash: 6.95%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $2008

Traditional Rental Income: $1261

Airbnb ROI: 6.95%