New Construction
Address
4815 5th Street, Rapid City, SD
Price
$ 31,250,000
Property Attributes
- MLS#90350
- TypeMulti-Family
- Listing Status Active
- CountyPENNINGTON
- CityRapid City
- AreaRapid City Southeast
- NeighborhoodFifth Street Office Plaza
- Zip57701
- Style
- Year Built2023
- Price$ 31,250,000
- Bedrooms165
- Full Bathrooms165
- Half Bathrooms0
- Lot Size6.7 Acres
Data Source:
Mount Rushmore Area Association of REALTORS® (MRAORMLS)
Property Description
ATTENTION INVESTORS! Excellent opportunity to acquire a 165-unit apartment complex consisting of 11 buildings with 15 apartments per bldg, + 72 garage stalls. The property includes 4 garage buildings with 18 stalls each, currently renting for $100/mo per stall. Each apartment building features 3 studio units at approx 558 sq ft renting for $900/mo, 6 one-bedroom/one-bath units at approx 774 sq ft renting for $1,100/mo, and 6 two-bedroom/two-bath units at approxx 1,013 sq ft renting for $1,400/mo. Apartments feature Whirlpool stainless steel refrigerator, range, microwave & dishwasher, along with a white stackable washer/dryer in each unit. Interior finishes include carpeted bedrooms, LVF vinyl flooring throughout kitchens, living rooms, bathrooms & laundry closets, laminate countertops, stainless steel sinks & blinds throughout. Exterior & common-area features include Trex maintenance-free decking, metal railings & balconies, maintenance-free fencing along the rear retaining wall, complete landscaping with plantings, sod & sprinkler system, and a fire suppression system approved by the Rapid City Fire Department. All 72 garages are drywalled & taped & include garage door openers with remotes. Tenants are responsible for electricity. Owner pays garbage, sewer, water, lawn care & snow removal. Current professional property management is in place and the property maintains high occupancy. Listing agent is a member of the seller
| Price History | |
|---|---|
| 9/15/2026 | Listed $31,250,000 |
General Features
| Heating | Electric,Forced Air |
|---|---|
| Cooling | Refrig. C/Air |
| Roof | Composition |
| Construction | Frame,New Construction |
| Status | Active |
| Year Built | 2023 |
| Parking | Paved,Garage,Common |
| Subdivision | Fifth Street Office Plaza |
| Systems | Breaker,220V Service,Plastic Plumbing |
| Style | Other |
| Class | MULTI-FAMILY |
| Type | Other |
| Miscellaneous | Separate Meters,Master Meters,Pet Restrictions,Individual Water Heaters,Individual Heat & Air,Dead Bolt Locks,Electric |
| Status | ACTIVE |
| Sale/Rent | For Sale |
| Auction Y/N | No |
| Pets Allowed (Y/N) | Yes |
| Docs on File | Financials,House Plans,Leases,Other (See Remarks) |
| Covenants | No |
| Short Sale | No |
| Area | Rapid City Southeast |
| Virtual Tour | https://www.youtube.com/watch?v=IcjoFPYXLVY |
| Directions | Rapid City - Located on 5th Street between Minnesota and Catron |
| City | Rapid City |
| School District | Rapid City |
| Terms | Cash,New Loan |
| Agent First Name | TJ |
| Agent Last Name | Wojtanowicz |
| Listing Agent | 1109 |
Interior Features
| Basement | Crawl Space,Poured Concrete Found. |
|---|---|
| # of Units | 165 |
| Unit 4 Bedrooms | 2 |
| Unit 1 Bedrooms | 1 |
| Unit 3 Bedrooms | 1 |
| Unit 2 Bedrooms | 1 |
| Unit 1 Rent | 1100 |
Exterior Features
| Exterior | Paved Street |
|---|---|
| Lot Size Area | 6.7 |
| Siding | Stone Veneer,LT Smartside |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 57701
Price
Year Built
Visits
Black Hills Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of Realtors. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Black Hills SD Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
