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$16,500,000
2 Days On Site

1050 VALLEY DR
Rapid City, SD 57701

For Sale|Multi Family|Active
0
Beds
0
Total Baths
2021
Built
Subdivision:
DIAMOND RIDGE SUBD
County:
Pennington
Listing courtesy of ART KOSCIELSKI of BLACK HILLS REALTY
Call Now: (605) 391-2645
Is this the listing for you? We can help make it yours.
(605) 391-2645
1050 VALLEY DR1050 VALLEY DR1050 VALLEY DR1050 VALLEY DR
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Mortgage Calculator

Monthly Payment (Est.)

$75,280
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022. Newer access through to Anamosa Street making it extremely convenient for tenants to get to shopping and the base. One owner who is retiring. This complex is ready to go and in excellent like new condition. Efficiency apartments and 1 bedrooms have mini split heating and cooling. 2 bedroom apartments have for air furnace.

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Listing Snapshot
Price 
$16,500,000
Days On Site 
2 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 
2021
MLS® Number 
179267
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS®
2 days agoListing first seen on site
General Features
Garage 
Yes
Property Sub Type 
Multi Family
Security 
Security SystemSmoke Detector(s)
Sewer 
Public Sewer
Water Source 
Public
Zoning 
Conforming
Interior Features
Basement 
Crawl Space
Cooling 
Central AirElectric
Heating 
ElectricForced Air
Window Features 
Window Coverings
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Exterior Features
Construction Details 
Stone
Lot Features 
Level
Patio And Porch 
Patio
Roof 
Composition
Windows/Doors 
Window Coverings
Community Features
Accessibility Features 
Accessible Entrance
Financing Terms Available 
Cash
Listing courtesy of ART KOSCIELSKI of BLACK HILLS REALTY



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 2026, Black Hills Association of REALTORS MLS.
Data last updated at: 2026-05-31 08:25 PM 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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