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
611 St. Patrick Street Rapid City, SD Listed by Shauna Sheets, KWBH,. Calling first time home buyers, DIY dreamers or investment...	4 beds \| 2 baths \| N/A	$259,900	Airbnb cash on cash: 6.75% Traditional cash on cash: 7.29% Airbnb Rental Income: $2841 Traditional Rental Income: $2311 Airbnb ROI: 6.75% Traditional ROI: 7.29%
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.	$1,275,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 0.66% Airbnb Rental Income: $2841 Traditional Rental Income: $3096 Airbnb ROI: -0.12% Traditional ROI: 0.66%
10255 Echo Valley Ct. Rapid City, SD CALLING ALL HORSE LOVERS & outdoor enthusiasts! You can ride your horses, ATV's or hike, r...	4 beds \| 3 baths \| N/A	$1,750,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 0.43% Airbnb Rental Income: $2841 Traditional Rental Income: $2995 Airbnb ROI: -0.08% Traditional ROI: 0.43%
3600 Sheridan Lake Road Rapid City, SD Fully Furnished First-Floor Condo \| Sandstone Ridge \| Move-In Ready with Stunning Western ...	2 beds \| 2 baths \| N/A	$319,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 3.24% Airbnb Rental Income: $1498 Traditional Rental Income: $1694 Airbnb ROI: 1.12% Traditional ROI: 3.24%
12734 N Prairie Creek Road Rapid City, SD Listed by Terssa Markworth RE/MAX IN THE HILLS. Lovely home minutes from Pactola and Sheri...	3 beds \| 3 baths \| N/A	$605,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 2.69% Airbnb Rental Income: $2311 Traditional Rental Income: $2909 Airbnb ROI: 0.61% Traditional ROI: 2.69%
305 E Watertown Street Rapid City, SD Listed by Amanda Carlin. This charming 2-bedroom, 2-bathroom home with 1,120 sq ft of upda...	2 beds \| 2 baths \| N/A	$205,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 5.43% Airbnb Rental Income: $1498 Traditional Rental Income: $1595 Airbnb ROI: 2.68% Traditional ROI: 5.43%
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 \| N/A	$439,900	Airbnb cash on cash: 1.69% Traditional cash on cash: 2.49% Airbnb Rental Income: $2311 Traditional Rental Income: $2067 Airbnb ROI: 1.69% Traditional ROI: 2.49%
710 Bar Five Ranch Road Rapid City, SD Welcome to 710 Bar Five Ranch Rd., a beautiful 4-bedroom, 3-bathroom home in the highly de...	4 beds \| 3 baths \| N/A	$479,500	Airbnb cash on cash: 2.35% Traditional cash on cash: 3.81% Airbnb Rental Income: $2841 Traditional Rental Income: $2832 Airbnb ROI: 2.35% Traditional ROI: 3.81%
4018 Canyon Lake Drive Rapid City, SD Listed by Shauna Sheets, KWBH,. Completely renovated and move-in ready, this charming ranc...	3 beds \| 2 baths \| N/A	$322,000	Airbnb cash on cash: 3.88% Traditional cash on cash: 3.73% Airbnb Rental Income: $2311 Traditional Rental Income: $1694 Airbnb ROI: 3.88% Traditional ROI: 3.73%
5336 Silverton Street Rapid City, SD Listed by Kevin Andreson, KWBH,. Discover this new construction 4-bedroom, 2-bath split-le...	4 beds \| 2 baths \| N/A	$424,900	Airbnb cash on cash: 2.94% Traditional cash on cash: 2.27% Airbnb Rental Income: $2841 Traditional Rental Income: $1913 Airbnb ROI: 2.94% Traditional ROI: 2.27%
5821 Regal Court Rapid City, SD Listed by Kevin Andreson, KWBH. Experience elevated luxury living in the highly sought-aft...	4 beds \| 3 baths \| N/A	$859,900	Airbnb cash on cash: 0.83% Traditional cash on cash: 2.23% Airbnb Rental Income: $2841 Traditional Rental Income: $3305 Airbnb ROI: 0.83% Traditional ROI: 2.23%
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: 2.62% Traditional cash on cash: 3.61% Airbnb Rental Income: $3011 Traditional Rental Income: $2804 Airbnb ROI: 2.62% Traditional ROI: 3.61%
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	$672,400	Airbnb cash on cash: 1.66% Traditional cash on cash: 2.69% Airbnb Rental Income: $3011 Traditional Rental Income: $2970 Airbnb ROI: 1.66% Traditional ROI: 2.69%
4280 Bennett Road Rapid City, SD Listed by Jeremy Kahler, KWBH,. Custom built, raised ranch style home with smart upgrades,...	2 beds \| 2 baths \| N/A	$469,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 2.1% Airbnb Rental Income: $1498 Traditional Rental Income: $2027 Airbnb ROI: -0.1% 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 \| N/A	$424,900	Airbnb cash on cash: 2.97% Traditional cash on cash: 5% Airbnb Rental Income: $2311 Traditional Rental Income: $2544 Airbnb ROI: 2.97% Traditional ROI: 5%
903 Fulton Street Rapid City, SD Listed by Cody Brown, Engel & Voelkers Black Hills,. Beautifully located in the historic a...	4 beds \| 3 baths \| N/A	$534,999	Airbnb cash on cash: 2.18% Traditional cash on cash: 3.72% Airbnb Rental Income: $2841 Traditional Rental Income: $2950 Airbnb ROI: 2.18% Traditional ROI: 3.72%
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 \| N/A	$345,000	Airbnb cash on cash: -0.61% Traditional cash on cash: -0.41% Airbnb Rental Income: $814 Traditional Rental Income: $553 Airbnb ROI: -0.61% Traditional ROI: -0.41%
5759 Wind River Road Rapid City, SD Listed by Kevin Andreson, KWBH \| Experience refined luxury and effortless one-level living...	3 beds \| 3 baths \| N/A	$940,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 2.12% Airbnb Rental Income: $2311 Traditional Rental Income: $2978 Airbnb ROI: 0.7% Traditional ROI: 2.12%
222 N 42nd Street Rapid City, SD Nestled in a charming, established neighborhood with mature trees and peaceful streets, th...	3 beds \| 2 baths \| N/A	$394,900	Airbnb cash on cash: 2.41% Traditional cash on cash: 3.67% Airbnb Rental Income: $2311 Traditional Rental Income: $2204 Airbnb ROI: 2.41% Traditional ROI: 3.67%
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 \| N/A	$255,000	Airbnb cash on cash: 1.99% Traditional cash on cash: 2.91% Airbnb Rental Income: $1498 Traditional Rental Income: $1279 Airbnb ROI: 1.99% Traditional ROI: 2.91%
12776 Black Forest Road Rapid City, SD Listed by Kevin Andreson, KWBH. Escape to your own Black Hills turnkey retreat. Just minut...	5 beds \| 4 baths \| N/A	$599,900	Airbnb cash on cash: 2.12% Traditional cash on cash: 4.5% Airbnb Rental Income: $3011 Traditional Rental Income: $3650 Airbnb ROI: 2.12% Traditional ROI: 4.5%
5520 Coal Bank Drive Rapid City, SD Listed by Rich Hegre Engel & Volkers 605-381-RICH(7424). Welcome to this nearly new 4-bedr...	4 beds \| 3 baths \| N/A	$419,900	Airbnb cash on cash: 3% Traditional cash on cash: 4.45% Airbnb Rental Income: $2841 Traditional Rental Income: $2748 Airbnb ROI: 3% Traditional ROI: 4.45%
2013 Noah St Rapid City, SD Listed by Pete Jensen, KWBH,. Welcome to 2013 Noah St, a move in ready 2-level home in the...	3 beds \| 3 baths \| N/A	$420,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 3.55% Airbnb Rental Income: $2311 Traditional Rental Income: $2396 Airbnb ROI: 1.88% Traditional ROI: 3.55%
811 Mallow Street Rapid City, SD Listed by Pete Jensen, KWBH,. Great opportunity to add your investment porfolio- 8 unit ap...	5 beds \| N/A baths \| 5,198 sq.ft.	$999,500	Airbnb cash on cash: 0.11% Traditional cash on cash: -0.03% Airbnb Rental Income: $3011 Traditional Rental Income: $2196 Airbnb ROI: 0.11% Traditional ROI: -0.03%
402 E Indiana Street Rapid City, SD Nice single-level home on a corner lot on the south side of Rapid City. This 4-bedroom, 1-...	4 beds \| 1 baths \| N/A	$259,900	Airbnb cash on cash: 6.34% Traditional cash on cash: 3.74% Airbnb Rental Income: $2841 Traditional Rental Income: $1542 Airbnb ROI: 6.34% Traditional ROI: 3.74%
2310 5th Street Rapid City, SD Nice south side Rapid City home close to the hospital. This 3-bedroom, 1-bath property inc...	3 beds \| 1 baths \| N/A	$260,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 3.63% Airbnb Rental Income: $2311 Traditional Rental Income: $1534 Airbnb ROI: 4.45% Traditional ROI: 3.63%
616 Saint Cloud St. Rapid City, SD Welcome to this 4-bedroom, 2-bathroom bungalow offering approximately 1,549 sq. ft. of com...	4 beds \| 2 baths \| N/A	$261,500	Airbnb cash on cash: 6.61% Traditional cash on cash: 5.65% Airbnb Rental Income: $2841 Traditional Rental Income: $1943 Airbnb ROI: 6.61% Traditional ROI: 5.65%
6868 N Deadwood Avenue Rapid City, SD Listed by Sarah Peterka Keller Williams Realty-Black Hills Spearfish. Rare opportunity to ...	4 beds \| 2 baths \| N/A	$689,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 2.13% Airbnb Rental Income: $2841 Traditional Rental Income: $2399 Airbnb ROI: 1.78% Traditional ROI: 2.13%
6516 Wellington Drive Rapid City, SD Listed by Lonnie Doney, KWBH,. Convenient main level living, a finished walkout basement, ...	3 beds \| 3 baths \| N/A	$499,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 3.03% Airbnb Rental Income: $2311 Traditional Rental Income: $2453 Airbnb ROI: 1.49% Traditional ROI: 3.03%

Real Estate investment in Rapid-city, SD

There are 102 properties for sale in the city of Rapid City . The median list price in Rapid City is $344,794 and the average price per square foot is $197. In September 2026, the average monthly cash on cash return in Rapid City is 2.00%. The average monthly rental income in Rapid City is $1,771.

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

There are 102 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 $2,311.

Your search for investment property begins and ends here

Investment Property for Sale in Rapid City, SD

611 St. Patrick Street

Rapid City, SD

4 beds | 2 baths | N/A

$259,900

Airbnb cash on cash: 6.75%

Traditional cash on cash: 7.29%

Airbnb Rental Income: $2841

Traditional Rental Income: $2311

Airbnb ROI: 6.75%

Traditional ROI: 7.29%

7020 Prestwick Rd

Rapid City, SD

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

$1,275,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 0.66%

Airbnb Rental Income: $2841

Traditional Rental Income: $3096

Airbnb ROI: -0.12%

Traditional ROI: 0.66%

10255 Echo Valley Ct.

Rapid City, SD

4 beds | 3 baths | N/A

$1,750,000

Airbnb cash on cash: -0.08%

Traditional cash on cash: 0.43%

Airbnb Rental Income: $2841

Traditional Rental Income: $2995

Airbnb ROI: -0.08%

Traditional ROI: 0.43%

3600 Sheridan Lake Road

Rapid City, SD

2 beds | 2 baths | N/A

$319,000

Airbnb cash on cash: 1.12%

Traditional cash on cash: 3.24%

Airbnb Rental Income: $1498

Traditional Rental Income: $1694

Airbnb ROI: 1.12%

Traditional ROI: 3.24%

12734 N Prairie Creek Road

Rapid City, SD

3 beds | 3 baths | N/A

$605,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 2.69%

Airbnb Rental Income: $2311

Traditional Rental Income: $2909

Airbnb ROI: 0.61%

Traditional ROI: 2.69%

305 E Watertown Street

Rapid City, SD

2 beds | 2 baths | N/A

$205,000

Airbnb cash on cash: 2.68%

Traditional cash on cash: 5.43%

Airbnb Rental Income: $1498

Traditional Rental Income: $1595

Airbnb ROI: 2.68%

Traditional ROI: 5.43%

3215 Jessup Lane

Rapid City, SD

3 beds | 2 baths | N/A

$439,900

Airbnb cash on cash: 1.69%

Traditional cash on cash: 2.49%

Airbnb Rental Income: $2311

Traditional Rental Income: $2067

Airbnb ROI: 1.69%

Traditional ROI: 2.49%

710 Bar Five Ranch Road

Rapid City, SD

4 beds | 3 baths | N/A

$479,500

Airbnb cash on cash: 2.35%

Traditional cash on cash: 3.81%

Airbnb Rental Income: $2841

Traditional Rental Income: $2832

Airbnb ROI: 2.35%