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
3208 Cypress Street Rapid City, SD Listed by Amanda Carlin 605-440-7587 Nestled just minutes from downtown Rapid City, Monum...	3 beds \| 1 baths \| 912 sq.ft.	$254,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 3.26% Airbnb Rental Income: $1500 Traditional Rental Income: $1424 Airbnb ROI: 1.74% Traditional ROI: 3.26%
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: -0.84% Traditional cash on cash: 0.51% Airbnb Rental Income: $1837 Traditional Rental Income: $3096 Airbnb ROI: -0.84% Traditional ROI: 0.51%
10255 Echo Valley Ct. Rapid City, SD CALLING ALL HORSE LOVERS & outdoor enthusiast! You can ride your horses, ATV's or hike, ri...	4 beds \| 3 baths \| 3,834 sq.ft.	$1,795,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 0.39% Airbnb Rental Income: $1837 Traditional Rental Income: $2995 Airbnb ROI: -0.6% Traditional ROI: 0.39%
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.	$310,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 3.36% Airbnb Rental Income: $1058 Traditional Rental Income: $1694 Airbnb ROI: -0.07% Traditional ROI: 3.36%
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: -0.69% Traditional cash on cash: 2.38% Airbnb Rental Income: $1500 Traditional Rental Income: $2909 Airbnb ROI: -0.69% 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: -0.47% Traditional cash on cash: 3.11% Airbnb Rental Income: $1058 Traditional Rental Income: $1869 Airbnb ROI: -0.47% Traditional ROI: 3.11%
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.	$140,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 9.08% Airbnb Rental Income: $1058 Traditional Rental Income: $1619 Airbnb ROI: 2.18% Traditional ROI: 9.08%
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: 0.65% Traditional cash on cash: 5.08% Airbnb Rental Income: $1058 Traditional Rental Income: $1595 Airbnb ROI: 0.65% 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: 0.05% Traditional cash on cash: 2.49% Airbnb Rental Income: $1500 Traditional Rental Income: $2067 Airbnb ROI: 0.05% Traditional ROI: 2.49%
52 Melano Street Rapid City, SD Move-in ready and packed with upgrades inside and out, this beautifully maintained split f...	4 beds \| 4 baths \| 2,110 sq.ft.	$439,900	Airbnb cash on cash: 1.28% Traditional cash on cash: 5.13% Airbnb Rental Income: $1837 Traditional Rental Income: $2926 Airbnb ROI: 1.28% Traditional ROI: 5.13%
5002 Savannah Street Rapid City, SD Listed by Jenni Brue, Keller Williams Realty Black Hills, 605-381-1055. This well-maintain...	2 beds \| 1 baths \| 990 sq.ft.	$285,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 2.68% Airbnb Rental Income: $1058 Traditional Rental Income: $1291 Airbnb ROI: 0.45% Traditional ROI: 2.68%
3306 Harmony Lane Rapid City, SD Listed by Austin Stiles, KWBH, 605-391-4820. Perfect for first-time home buyers, this newl...	2 beds \| 1 baths \| 816 sq.ft.	$269,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.2% Airbnb Rental Income: $1058 Traditional Rental Income: $1082 Airbnb ROI: 0.67% Traditional ROI: 2.2%
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: 2.31% Traditional cash on cash: 6.04% Airbnb Rental Income: $2029 Traditional Rental Income: $2640 Airbnb ROI: 2.31% Traditional ROI: 6.04%
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: -0.36% Traditional cash on cash: 2.44% Airbnb Rental Income: $1837 Traditional Rental Income: $3141 Airbnb ROI: -0.36% Traditional ROI: 2.44%
24009 Bridle Ridge Ct Rapid City, SD Listed by Pete Jensen, KWBH, 605-484-6713. Set on 1.32 acres outside Rapid City limits, th...	5 beds \| 3 baths \| 2,294 sq.ft.	$485,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 3.58% Airbnb Rental Income: $2029 Traditional Rental Income: $2758 Airbnb ROI: 0.81% Traditional ROI: 3.58%
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	$649,990	Airbnb cash on cash: 0.25% Traditional cash on cash: 2.85% Airbnb Rental Income: $1837 Traditional Rental Income: $2916 Airbnb ROI: 0.25% Traditional ROI: 2.85%
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	$519,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.61% Airbnb Rental Income: $2029 Traditional Rental Income: $2804 Airbnb ROI: 0.93% Traditional ROI: 3.61%
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: 1% Traditional cash on cash: 4.42% Airbnb Rental Income: $1500 Traditional Rental Income: $2468 Airbnb ROI: 1% Traditional ROI: 4.42%
2940 Motherlode Dr. Rapid City, SD Listed by Lori Barnett, Engel & VÃ¶lkers Black Hills, 605.786.5817. Located in one of So...	5 beds \| 3 baths \| N/A	$679,900	Airbnb cash on cash: 0.34% Traditional cash on cash: 2.65% Airbnb Rental Income: $2029 Traditional Rental Income: $2970 Airbnb ROI: 0.34% Traditional ROI: 2.65%
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.	$1,065,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 1.6% Airbnb Rental Income: $1837 Traditional Rental Income: $3280 Airbnb ROI: -0.35% Traditional ROI: 1.6%
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: 0.64% Traditional cash on cash: 4.03% Airbnb Rental Income: $1500 Traditional Rental Income: $2770 Airbnb ROI: 0.64% 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: 1.91% Traditional cash on cash: 3.65% Airbnb Rental Income: $1500 Traditional Rental Income: $1470 Airbnb ROI: 1.91% Traditional ROI: 3.65%
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: 1.91% Traditional cash on cash: 3.62% Airbnb Rental Income: $1500 Traditional Rental Income: $1462 Airbnb ROI: 1.91% 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: 2.72% Traditional cash on cash: 4.27% Airbnb Rental Income: $1500 Traditional Rental Income: $1366 Airbnb ROI: 2.72% 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: -0.94% Traditional cash on cash: 2.1% Airbnb Rental Income: $1058 Traditional Rental Income: $2027 Airbnb ROI: -0.94% Traditional ROI: 2.1%
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: 2.51% Traditional cash on cash: 6.7% Airbnb Rental Income: $1837 Traditional Rental Income: $2525 Airbnb ROI: 2.51% Traditional ROI: 6.7%
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: 1.22% Traditional cash on cash: 4.86% Airbnb Rental Income: $1500 Traditional Rental Income: $2544 Airbnb ROI: 1.22% 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: 1.35% Traditional cash on cash: 5.02% Airbnb Rental Income: $1500 Traditional Rental Income: $2471 Airbnb ROI: 1.35% Traditional ROI: 5.02%
2240 7th Avenue Rapid City, SD Listed by Pete Jensen, KWBH, 605-484-6713. MOTIVATED SELLER! Why rent when you can own for...	4 beds \| 2 baths \| 1,976 sq.ft.	$205,000	Airbnb cash on cash: 4.28% Traditional cash on cash: 9.59% Airbnb Rental Income: $1837 Traditional Rental Income: $2373 Airbnb ROI: 4.28% Traditional ROI: 9.59%
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.	$564,999	Airbnb cash on cash: 0.43% Traditional cash on cash: 3.47% Airbnb Rental Income: $1837 Traditional Rental Income: $2950 Airbnb ROI: 0.43% Traditional ROI: 3.47%
22869 Norris Peak Road Rapid City, SD Welcome to Tumble Inn, a beautifully updated Black Hills retreat tucked into the pines of ...	1 beds \| 1 baths \| 500 sq.ft.	$345,000	Airbnb cash on cash: -0.83% Traditional cash on cash: -0.41% Airbnb Rental Income: $727 Traditional Rental Income: $553 Airbnb ROI: -0.83% Traditional ROI: -0.41%
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: -0.09% Traditional cash on cash: 2.04% Airbnb Rental Income: $1500 Traditional Rental Income: $2978 Airbnb ROI: -0.09% 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: 0.56% Traditional cash on cash: 3.62% Airbnb Rental Income: $1500 Traditional Rental Income: $2204 Airbnb ROI: 0.56% Traditional ROI: 3.62%
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: -0.12% Traditional cash on cash: 1.63% Airbnb Rental Income: $1500 Traditional Rental Income: $1840 Airbnb ROI: -0.12% 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: 1.84% Traditional cash on cash: 3.56% Airbnb Rental Income: $1500 Traditional Rental Income: $1525 Airbnb ROI: 1.84% Traditional ROI: 3.56%
2325 Judy Ave Rapid City, SD Listed by Kevin Andreson, KWBH 605-646-5409. Completely Remodeled 5-Bedroom Home in Prime ...	5 beds \| 2 baths \| 2,346 sq.ft.	$375,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 4.58% Airbnb Rental Income: $2029 Traditional Rental Income: $2501 Airbnb ROI: 1.74% Traditional ROI: 4.58%
138 St. Patrick Street Rapid City, SD Adorable, centrally located home positioned perfectly between downtown, Southside schools,...	4 beds \| 2 baths \| 1,698 sq.ft.	$265,000	Airbnb cash on cash: 3% Traditional cash on cash: 6.2% Airbnb Rental Income: $1837 Traditional Rental Income: $2142 Airbnb ROI: 3% Traditional ROI: 6.2%
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: -0.38% Traditional cash on cash: 0.56% Airbnb Rental Income: $1837 Traditional Rental Income: $3009 Airbnb ROI: -0.38% 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: -0.38% Traditional cash on cash: 0.47% Airbnb Rental Income: $1837 Traditional Rental Income: $2852 Airbnb ROI: -0.38% 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.	$260,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 2.83% Airbnb Rental Income: $1058 Traditional Rental Income: $1279 Airbnb ROI: 0.44% Traditional ROI: 2.83%

Real Estate investment in Rapid-city, SD

There are 106 properties for sale in the city of Rapid City . The median list price in Rapid City is $375,000 and the average price per square foot is $181. In May 2026, the average monthly cash on cash return in Rapid City is 2.00%. The average monthly rental income in Rapid City is $1,803.

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

There are 106 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 $1,500.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, SD

3208 Cypress Street

Rapid City, SD

3 beds | 1 baths | 912 sq.ft.

$254,000

Airbnb cash on cash: 1.74%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $1500

Traditional Rental Income: $1424

Airbnb ROI: 1.74%

Traditional ROI: 3.26%

7020 Prestwick Rd

Rapid City, SD

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

$1,399,999

Airbnb cash on cash: -0.84%

Traditional cash on cash: 0.51%

Airbnb Rental Income: $1837

Traditional Rental Income: $3096

Airbnb ROI: -0.84%

Traditional ROI: 0.51%

10255 Echo Valley Ct.

Rapid City, SD

4 beds | 3 baths | 3,834 sq.ft.

$1,795,000

Airbnb cash on cash: -0.6%

Traditional cash on cash: 0.39%

Airbnb Rental Income: $1837

Traditional Rental Income: $2995

Airbnb ROI: -0.6%

Traditional ROI: 0.39%

3600 Sheridan Lake Road

Rapid City, SD

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

$310,000

Airbnb cash on cash: -0.07%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $1058

Traditional Rental Income: $1694

Airbnb ROI: -0.07%

Traditional ROI: 3.36%

12734 N Prairie Creek Road

Rapid City, SD

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

$645,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: 2.38%

Airbnb Rental Income: $1500

Traditional Rental Income: $2909

Airbnb ROI: -0.69%

Traditional ROI: 2.38%

4027 Fairway Hills

Rapid City, SD

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

$349,900

Airbnb cash on cash: -0.47%

Traditional cash on cash: 3.11%

Airbnb Rental Income: $1058

Traditional Rental Income: $1869

Airbnb ROI: -0.47%

Traditional ROI: 3.11%

234 E Philadelphia Street

Rapid City, SD

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

$140,000

Airbnb cash on cash: 2.18%

Traditional cash on cash: 9.08%

Airbnb Rental Income: $1058

Traditional Rental Income: $1619

Airbnb ROI: 2.18%

Traditional ROI: 9.08%

305 E Watertown Street

Rapid City, SD

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

$215,000

Airbnb cash on cash: 0.65%

Traditional cash on cash: 5.08%

Airbnb Rental Income: $1058

Traditional Rental Income: $1595

Airbnb ROI: 0.65%