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.	$304,900	Airbnb cash on cash: 3.28% Traditional cash on cash: 4.75% Airbnb Rental Income: $2257 Traditional Rental Income: $2114 Airbnb ROI: 3.28% Traditional ROI: 4.75%
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%
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: 0.97% Traditional cash on cash: 2.98% Airbnb Rental Income: $1295 Traditional Rental Income: $1403 Airbnb ROI: 0.97% Traditional ROI: 2.98%
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.	$320,000	Airbnb cash on cash: 2.2% Traditional cash on cash: 3.22% Airbnb Rental Income: $1889 Traditional Rental Income: $1694 Airbnb ROI: 2.2% Traditional ROI: 3.22%
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: -0.39% Traditional cash on cash: 1.23% Airbnb Rental Income: $2257 Traditional Rental Income: $3049 Airbnb ROI: -0.39% 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: 1.36% Traditional cash on cash: 3.01% Airbnb Rental Income: $2879 Traditional Rental Income: $3164 Airbnb ROI: 1.36% Traditional ROI: 3.01%
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%
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: 2.25% Traditional cash on cash: 5.46% Airbnb Rental Income: $2257 Traditional Rental Income: $2821 Airbnb ROI: 2.25% Traditional ROI: 5.46%
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.	$225,000	Airbnb cash on cash: 3.77% Traditional cash on cash: 4.76% Airbnb Rental Income: $1889 Traditional Rental Income: $1595 Airbnb ROI: 3.77% Traditional ROI: 4.76%
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%
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: 3.59% Traditional cash on cash: 5.83% Airbnb Rental Income: $1889 Traditional Rental Income: $1910 Airbnb ROI: 3.59% Traditional ROI: 5.83%
116 South Canyon Road Rapid City, SD Listed by Shauna Sheets, KWBH, 605-545-5430. Move in ready ranch style home with recent up...	4 beds \| 2 baths \| 1,496 sq.ft.	$309,900	Airbnb cash on cash: 3.84% Traditional cash on cash: 4.22% Airbnb Rental Income: $2257 Traditional Rental Income: $1804 Airbnb ROI: 3.84% Traditional ROI: 4.22%
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%
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: 1.12% Traditional cash on cash: 2.81% Airbnb Rental Income: $1801 Traditional Rental Income: $1913 Airbnb ROI: 1.12% 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.	$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%
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: 1.7% Traditional cash on cash: 3.38% Airbnb Rental Income: $2257 Traditional Rental Income: $2477 Airbnb ROI: 1.7% Traditional ROI: 3.38%
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%
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: 1.17% Traditional cash on cash: 3.28% Airbnb Rental Income: $2257 Traditional Rental Income: $2779 Airbnb ROI: 1.17% Traditional ROI: 3.28%
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.	$382,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 3.63% Airbnb Rental Income: $1801 Traditional Rental Income: $2062 Airbnb ROI: 1.53% Traditional ROI: 3.63%
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%
722 ALLEN AVE Rapid City, SD This three-bedroom, two-bath home sits on a large lot and offers tons of potential. With a...	3 beds \| 2 baths \| 1,360 sq.ft.	$219,000	Airbnb cash on cash: 4.31% Traditional cash on cash: 7.03% Airbnb Rental Income: $1801 Traditional Rental Income: $1876 Airbnb ROI: 4.31% Traditional ROI: 7.03%
3410 Carmen Ct Rapid City, SD Listed by Elissa Erickson, KWBH, 605-877-4060. Nestled in a quiet cul-de-sac in the heart ...	4 beds \| 4 baths \| 3,775 sq.ft.	$620,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 4.36% Airbnb Rental Income: $2257 Traditional Rental Income: $3762 Airbnb ROI: 0.78% Traditional ROI: 4.36%
215 Stanley Ct. Rapid City, SD Listed by Austin Stiles, KWBH, 605-391-4820. Move in ready ranch style home with a finishe...	4 beds \| 2 baths \| 2,444 sq.ft.	$395,000	Airbnb cash on cash: 2.7% Traditional cash on cash: 5.01% Airbnb Rental Income: $2257 Traditional Rental Income: $2547 Airbnb ROI: 2.7% Traditional ROI: 5.01%
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 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%
228 E St. Anne Street Rapid City, SD Listed by Elissa Erickson, KWBH, 605-877-4060. Welcome to 228 E St Anne in Rapid City! Thi...	2 beds \| 1 baths \| 672 sq.ft.	$195,000	Airbnb cash on cash: 5.23% Traditional cash on cash: 4.02% Airbnb Rental Income: $1889 Traditional Rental Income: $1161 Airbnb ROI: 5.23% Traditional ROI: 4.02%
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%
5550 Blue Stem Court Rapid City, SD Listed by Jenni Brue, Keller Williams Realty Black Hills, 605.381.1055 Modern convenience ...	3 beds \| 3 baths \| 1,976 sq.ft.	$479,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 3.47% Airbnb Rental Income: $1801 Traditional Rental Income: $2592 Airbnb ROI: 0.61% Traditional ROI: 3.47%
2501 Prairie Ave Rapid City, SD MAIN LEVEL Spacious, large rooms & lots of storage. 3 entrances from outdoors. Newly pain...	5 beds \| 2 baths \| 2,530 sq.ft.	$399,000	Airbnb cash on cash: 3.71% Traditional cash on cash: 4.76% Airbnb Rental Income: $2879 Traditional Rental Income: $2600 Airbnb ROI: 3.71% Traditional ROI: 4.76%
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%
125 HEIDELBERG LN Rapid City, SD BLACK HILLS RETREAT â RAISED RANCH ON 1.37 ACRES! Nestled in the pines of Edelweiss Moun...	2 beds \| 2 baths \| 1,597 sq.ft.	$439,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.05% Airbnb Rental Income: $1889 Traditional Rental Income: $2102 Airbnb ROI: 1.31% Traditional ROI: 3.05%

Real Estate investment in Rapid-city, SD

There are 67 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 $183. In December 2025, the average monthly cash on cash return in Rapid City is 4.00%. The average monthly rental income in Rapid City is $2,071.

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

There are 67 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 $2,071.

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.

$304,900

Airbnb cash on cash: 3.28%

Traditional cash on cash: 4.75%

Airbnb Rental Income: $2257

Traditional Rental Income: $2114

Airbnb ROI: 3.28%

Traditional ROI: 4.75%

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%

4051 FAIRWAY HILLS DR

Rapid City, SD

1 beds | 1 baths | 921 sq.ft.

$270,000

Airbnb cash on cash: 0.97%

Traditional cash on cash: 2.98%

Airbnb Rental Income: $1295

Traditional Rental Income: $1403

Airbnb ROI: 0.97%

Traditional ROI: 2.98%

3600 Sheridan Lake Road

Rapid City, SD

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

$320,000

Airbnb cash on cash: 2.2%

Traditional cash on cash: 3.22%

Airbnb Rental Income: $1889

Traditional Rental Income: $1694

Airbnb ROI: 2.2%

Traditional ROI: 3.22%

7972 Jasmine Lane

Rapid City, SD

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

$899,900

Airbnb cash on cash: -0.39%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $2257

Traditional Rental Income: $3049

Airbnb ROI: -0.39%

Traditional ROI: 1.23%

3113 Palmer Drive

Rapid City, SD

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

$619,900

Airbnb cash on cash: 1.36%

Traditional cash on cash: 3.01%

Airbnb Rental Income: $2879

Traditional Rental Income: $3164

Airbnb ROI: 1.36%

Traditional ROI: 3.01%

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%