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$4,650,000
45 Days On Site

701 DAKOTA DR
RAPID CITY, SD 57701

For Sale|Multi Family|Active
0
Beds
0
Total Baths
1972
Built
Subdivision:
OTHER
County:
Pennington
Listing courtesy of IRINA LEWIS of COLDWELL BANKER BLACK HILLS LEGACY
Call Now: (605) 391-2645
Is this the listing for you? We can help make it yours.
(605) 391-2645
701 DAKOTA DR701 DAKOTA DR701 DAKOTA DR701 DAKOTA DR
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Monthly Payment (Est.)

$21,215
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Unbeatable location in the heart of west side Rapid City, adjacent to Sioux Park and the bike path - just minutes from schools, shopping, downtown, and countless dining options. This 48-unit apartment complex includes 44 two-bedroom units, 4 one-bedroom units, and 48 on-site storage units. 2nd and 3rd floor units have large balconies to enjoy the beautiful park setting. Tenants enjoy convenience and location, while owners benefit from thoughtful maintenance and improvements over the years, including durable siding, new roofs, custom exterior doors, lighting, water heaters, resurfaced parking lot, security system, concrete work (in progress), among many other updates. With its prime location and strong rental appeal, this complex is a rare opportunity to buy in the heart of Rapid City. Coin operated laundry in each building.

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Listing Snapshot
Price 
$4,650,000
Days On Site 
45 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1972
MLS® Number 
175668
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoPrice changed to $4,650,000
a month agoListing first seen on site
General Features
Property Sub Type 
Multi Family
Security 
Security SystemSmoke Detector(s)
Sewer 
Public Sewer
Style 
Other
Water Source 
Public
Zoning 
Conforming
Interior Features
Appliances 
DisposalMicrowaveRangeOvenRefrigerator
Cooling 
Electric
Heating 
BaseboardElectricHot Water
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Exterior Features
Lot Features 
Level
Roof 
Composition
View 
CityCreek/Stream
Waterview 
CityCreek/Stream
Listing courtesy of IRINA LEWIS of COLDWELL BANKER BLACK HILLS LEGACY



Listing information is provided by Participants of the Black Hills Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Black Hills Association of REALTORS MLS.
Data last updated at: 2025-10-28 06:41 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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