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
3643 Ivy Avenue Rapid City, SD Welcome home! This charming 4-bedroom, 2-bath residence on the south side of Rapid City of...	4 beds \| 2 baths \| 1,592 sq.ft.	$299,900	Airbnb cash on cash: 3.37% Traditional cash on cash: 4.86% Airbnb Rental Income: $2257 Traditional Rental Income: $2114 Airbnb ROI: 3.37% Traditional ROI: 4.86%
822 Willsie Avenue Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. Enjoy the ease of single level living in this...	1 beds \| 1 baths \| 684 sq.ft.	$149,900	Airbnb cash on cash: 3.76% Traditional cash on cash: 4.71% Airbnb Rental Income: $1295 Traditional Rental Income: $1027 Airbnb ROI: 3.76% Traditional ROI: 4.71%
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: -0.58% Traditional cash on cash: 0.47% Airbnb Rental Income: $2257 Traditional Rental Income: $3096 Airbnb ROI: -0.58% Traditional ROI: 0.47%
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.	$316,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 3.28% Airbnb Rental Income: $1889 Traditional Rental Income: $1694 Airbnb ROI: 2.24% Traditional ROI: 3.28%
234 E Philadelphia Street Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Calling investors or DIY dreamers- here's you...	2 beds \| 2 baths \| 1,152 sq.ft.	$148,000	Airbnb cash on cash: 6.83% Traditional cash on cash: 8.48% Airbnb Rental Income: $1889 Traditional Rental Income: $1619 Airbnb ROI: 6.83% Traditional ROI: 8.48%
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: 4.05% Traditional cash on cash: 5.08% Airbnb Rental Income: $1889 Traditional Rental Income: $1595 Airbnb ROI: 4.05% 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: 0.66% Traditional cash on cash: 2.49% Airbnb Rental Income: $1801 Traditional Rental Income: $2067 Airbnb ROI: 0.66% Traditional ROI: 2.49%
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: 6.34% Traditional cash on cash: 5.56% Airbnb Rental Income: $1889 Traditional Rental Income: $1261 Airbnb ROI: 6.34% 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: 4.63% Traditional cash on cash: 6.04% Airbnb Rental Income: $2879 Traditional Rental Income: $2640 Airbnb ROI: 4.63% Traditional ROI: 6.04%
4461 Forest Park Rapid City, SD For more information, please contact listing agent Zac Zandstra 605-484-3266 with Great Pe...	4 beds \| 4 baths \| 5,810 sq.ft.	$1,150,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 1.29% Airbnb Rental Income: $2257 Traditional Rental Income: $3938 Airbnb ROI: -0.81% Traditional ROI: 1.29%
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: 0.19% Traditional cash on cash: 2.44% Airbnb Rental Income: $2257 Traditional Rental Income: $3141 Airbnb ROI: 0.19% Traditional ROI: 2.44%
225 N Berry Pine Road Rapid City, SD Listed by Lori Barnett, Engel & VÃ¶lkers 605.786.5817. $20,000 BUYER CREDIT AT CLOSING! ...	4 beds \| 3 baths \| N/A	$689,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 2.63% Airbnb Rental Income: $2257 Traditional Rental Income: $2916 Airbnb ROI: 0.73% Traditional ROI: 2.63%
13247 Tomaha Ridge Road Rapid City, SD For more information, please contact listing agents Michael Warwick 605-641-2569 This may ...	1 beds \| 1 baths \| 908 sq.ft.	$375,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 1.21% Airbnb Rental Income: $1295 Traditional Rental Income: $1135 Airbnb ROI: 0.51% Traditional ROI: 1.21%
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: 2.29% Traditional cash on cash: 3.48% Airbnb Rental Income: $2879 Traditional Rental Income: $2804 Airbnb ROI: 2.29% 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: 0.76% Traditional cash on cash: 4.69% Airbnb Rental Income: $1801 Traditional Rental Income: $2874 Airbnb ROI: 0.76% 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: 4.27% Traditional cash on cash: 5.12% Airbnb Rental Income: $1889 Traditional Rental Income: $1558 Airbnb ROI: 4.27% Traditional ROI: 5.12%
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.	$265,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 5.51% Airbnb Rental Income: $1801 Traditional Rental Income: $2045 Airbnb ROI: 2.58% Traditional ROI: 5.51%
3945 Park Drive Rapid City, SD Listed by Holly Glatt Pierson, 605-641-4425, Keller Williams Realty Black Hills. Move-in r...	3 beds \| 3 baths \| 3,328 sq.ft.	$460,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 3.87% Airbnb Rental Income: $1801 Traditional Rental Income: $2585 Airbnb ROI: 0.91% Traditional ROI: 3.87%
10901 Echo Ridge Dr Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Tucked on 4 tree covered acres in the Black H...	4 beds \| 3 baths \| 4,987 sq.ft.	$1,125,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 1.46% Airbnb Rental Income: $2257 Traditional Rental Income: $3280 Airbnb ROI: -0.05% Traditional ROI: 1.46%
Lot 17A 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: -0.17% Traditional cash on cash: 0.6% Airbnb Rental Income: $2257 Traditional Rental Income: $3065 Airbnb ROI: -0.17% Traditional ROI: 0.6%
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	$1,909,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 0.51% Airbnb Rental Income: $2257 Traditional Rental Income: $2903 Airbnb ROI: -0.17% Traditional ROI: 0.51%
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: 1.14% Traditional cash on cash: 4.03% Airbnb Rental Income: $1801 Traditional Rental Income: $2770 Airbnb ROI: 1.14% 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: 2.98% Traditional cash on cash: 3.65% Airbnb Rental Income: $1801 Traditional Rental Income: $1470 Airbnb ROI: 2.98% 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: 2.27% Traditional cash on cash: 4.06% Airbnb Rental Income: $1889 Traditional Rental Income: $1922 Airbnb ROI: 2.27% 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: 2.98% Traditional cash on cash: 3.62% Airbnb Rental Income: $1801 Traditional Rental Income: $1462 Airbnb ROI: 2.98% 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.	$229,999	Airbnb cash on cash: 3.52% Traditional cash on cash: 3.77% Airbnb Rental Income: $1801 Traditional Rental Income: $1366 Airbnb ROI: 3.52% Traditional ROI: 3.77%
225 Isaac St. Rapid City, SD Listed by Pete Jensen, KWBH (605) 484-6713. Step in to this stunning home that is better t...	4 beds \| 3 baths \| 1,939 sq.ft.	$619,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 2.3% Airbnb Rental Income: $2257 Traditional Rental Income: $2753 Airbnb ROI: 0.47% Traditional ROI: 2.3%
4820 Pahlmeyer Drive Rapid City, SD For more information, please contact listing agent Zac Zandstra 605-484-3266 with Great Pe...	3 beds \| 2 baths \| 2,834 sq.ft.	$565,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.81% Airbnb Rental Income: $1801 Traditional Rental Income: $2772 Airbnb ROI: 1.04% Traditional ROI: 3.81%
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.	$475,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 2.07% Airbnb Rental Income: $1889 Traditional Rental Income: $2027 Airbnb ROI: 0.62% Traditional ROI: 2.07%
242 Anamosa Street Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Affordable homeownership is here! Welcome to ...	2 beds \| 1 baths \| 968 sq.ft.	$215,000	Airbnb cash on cash: 4.49% Traditional cash on cash: 4.44% Airbnb Rental Income: $1889 Traditional Rental Income: $1375 Airbnb ROI: 4.49% Traditional ROI: 4.44%
3931 Northstar Ct Rapid City, SD PUBLIC OPEN HOUSE 11AM-1PM 1/4/26 Presented by Audra Nelson Bailey-Vylla Home 605-261-912...	3 beds \| 3 baths \| 1,600 sq.ft.	$475,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.55% Airbnb Rental Income: $1801 Traditional Rental Income: $2256 Airbnb ROI: 1.42% Traditional ROI: 3.55%
2907 Chapel Ln Rapid City, SD Listed by Austin Stiles, KWBH, 605-391-4820. Affordable and Adorable? Yes, Please! Charmin...	2 beds \| 2 baths \| 1,024 sq.ft.	$282,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 3.68% Airbnb Rental Income: $1889 Traditional Rental Income: $1560 Airbnb ROI: 3.03% Traditional ROI: 3.68%
1620 Copperdale Drive Rapid City, SD listed by Lonnie Doney, KWBH, 605-407-1048. Affordable home ownership is here: move in re...	3 beds \| 2 baths \| 1,340 sq.ft.	$325,000	Airbnb cash on cash: 2% Traditional cash on cash: 4.1% Airbnb Rental Income: $1801 Traditional Rental Income: $1953 Airbnb ROI: 2% Traditional ROI: 4.1%
5482 Savannah Street Rapid City, SD PRICED TO SELL!! Welcome home to this spacious 2000+ SQFT, well-maintained townhouse loca...	4 beds \| 3 baths \| 2,026 sq.ft.	$300,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 6.7% Airbnb Rental Income: $2257 Traditional Rental Income: $2525 Airbnb ROI: 3.75% Traditional ROI: 6.7%
108 E St. Anne Street Rapid City, SD Listed by Arlyn Dyce, Keller Williams Realty BH, 605-209-1637. Charming single-level home ...	3 beds \| 1 baths \| 1,064 sq.ft.	$244,900	Airbnb cash on cash: 3.16% Traditional cash on cash: 3.95% Airbnb Rental Income: $1801 Traditional Rental Income: $1493 Airbnb ROI: 3.16% Traditional ROI: 3.95%
4829 Tanager Court Rapid City, SD Listed by Jeremy Kahler, KWBH, 605-381-7500. Wonderfully updated split foyer home on nearl...	3 beds \| 2 baths \| 1,792 sq.ft.	$495,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 2.75% Airbnb Rental Income: $1801 Traditional Rental Income: $2270 Airbnb ROI: 0.68% Traditional ROI: 2.75%
2846 Nugget Gulch Road Rapid City, SD Listed by Cody Brown, Engel & Voelkers Black Hills, 402-910-3553. This spacious property o...	5 beds \| 3 baths \| 2,960 sq.ft.	$594,999	Airbnb cash on cash: 1.85% Traditional cash on cash: 3.53% Airbnb Rental Income: $2879 Traditional Rental Income: $3144 Airbnb ROI: 1.85% Traditional ROI: 3.53%
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: 1.84% Traditional cash on cash: 4.86% Airbnb Rental Income: $1801 Traditional Rental Income: $2544 Airbnb ROI: 1.84% 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: 2% Traditional cash on cash: 5.02% Airbnb Rental Income: $1801 Traditional Rental Income: $2471 Airbnb ROI: 2% Traditional ROI: 5.02%
2240 7th Avenue Rapid City, SD Listed by Pete Jensen, KWBH, 605-484-6713. Why rent when you can own for the same monthly ...	4 beds \| 2 baths \| 1,976 sq.ft.	$245,000	Airbnb cash on cash: 4.95% Traditional cash on cash: 7.89% Airbnb Rental Income: $2257 Traditional Rental Income: $2373 Airbnb ROI: 4.95% Traditional ROI: 7.89%

Real Estate investment in Rapid-city, SD

There are 57 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 $197. In February 2026, the average monthly cash on cash return in Rapid City is 2.00%. The average monthly rental income in Rapid City is $1,658.

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

There are 57 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 $1,889.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, SD

3643 Ivy Avenue

Rapid City, SD

4 beds | 2 baths | 1,592 sq.ft.

$299,900

Airbnb cash on cash: 3.37%

Traditional cash on cash: 4.86%

Airbnb Rental Income: $2257

Traditional Rental Income: $2114

Airbnb ROI: 3.37%

Traditional ROI: 4.86%

822 Willsie Avenue

Rapid City, SD

1 beds | 1 baths | 684 sq.ft.

$149,900

Airbnb cash on cash: 3.76%

Traditional cash on cash: 4.71%

Airbnb Rental Income: $1295

Traditional Rental Income: $1027

Airbnb ROI: 3.76%

Traditional ROI: 4.71%

7020 Prestwick Rd

Rapid City, SD

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

$1,436,250

Airbnb cash on cash: -0.58%

Traditional cash on cash: 0.47%

Airbnb Rental Income: $2257

Traditional Rental Income: $3096

Airbnb ROI: -0.58%

Traditional ROI: 0.47%

3600 Sheridan Lake Road

Rapid City, SD

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

$316,000

Airbnb cash on cash: 2.24%

Traditional cash on cash: 3.28%

Airbnb Rental Income: $1889

Traditional Rental Income: $1694

Airbnb ROI: 2.24%

Traditional ROI: 3.28%

234 E Philadelphia Street

Rapid City, SD

2 beds | 2 baths | 1,152 sq.ft.

$148,000

Airbnb cash on cash: 6.83%

Traditional cash on cash: 8.48%

Airbnb Rental Income: $1889

Traditional Rental Income: $1619

Airbnb ROI: 6.83%

Traditional ROI: 8.48%

305 E Watertown Street

Rapid City, SD

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

$215,000

Airbnb cash on cash: 4.05%

Traditional cash on cash: 5.08%

Airbnb Rental Income: $1889

Traditional Rental Income: $1595

Airbnb ROI: 4.05%

Traditional ROI: 5.08%

3215 Jessup Lane

Rapid City, SD

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

$439,900

Airbnb cash on cash: 0.66%

Traditional cash on cash: 2.49%

Airbnb Rental Income: $1801

Traditional Rental Income: $2067

Airbnb ROI: 0.66%

Traditional ROI: 2.49%

1011 Lemmon Avenue

Rapid City, SD

2 beds | 1 baths | 756 sq.ft.

$169,000

Airbnb cash on cash: 6.34%

Traditional cash on cash: 5.56%

Airbnb Rental Income: $1889

Traditional Rental Income: $1261

Airbnb ROI: 6.34%