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For sale
  • $549,900

    1948 Hillsview Dr, Rapid City, SD 57702

    --beds
    --baths
    --sqft
    : 
    $3,554/mo
    Get pre-qualified
    Multiplex
    Built in 1949
    -- sqft lot
    $517,100 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Valuable storage space
    Exceptional investment opportunity in a prime Rapid City location! Situated near Canyon Lake Park, schools, shopping, and restaurants, this well-maintained 5-unit multi-family property offers immediate income with strong long-term potential. Situated on 0.9 acres, the property also includes a 28' x 15' garage, providing valuable storage space for tenants and/or owners. The complex has been updated within the past five years, including improvements to windows, doors, and electrical systems. With a proven track record of stable occupancy and long-term tenants, this property has demonstrated consistent performance over the past 16 years. Current rental rates are below market value, creating an outstanding opportunity for increased cash flow, future appreciation, and enhanced return on investment. Whether you're expanding your portfolio or seeking a quality income-producing property, this is one you won't want to miss.
    25 days
    |
    542
    |
    29
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    LISA MUELLER 605-390-7137,

    COLDWELL BANKER BLACK HILLS LEGACY

    Source: Black Hills AOR,MLS#: 179920MLS Logo

      Facts & features

      Interior

      Heating
      • Forced Air, Fireplace(s)
      Cooling
      • Central Air, Electric, Window Unit(s)
      Features
      • Windows: Window Coverings
      • Has fireplace: Yes

      Property

      Parking
      • Parking features: See Remarks
      Features
      • Exterior features: Private Entrance
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 0.9 Acres
      • Features: Corner Lot
      Details
      • Parcel number: 3709103010
      • Zoning description: Conforming

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multiplex
      Materials
      • Metal/Vinyl
      • Foundation: None
      • Roof: Composition
      Condition
      • Year built: 1949

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Separate Meters

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Sherman
      Location
      • Region: Rapid City

      Financial & listing details

      • Tax assessed value: $412,100
      • Annual tax amount: $5,279
      • Date on market: 7/8/2026

        Estimated market value

        $517,100

        $491,000 - $543,000

        $1,464/mo

        Price history

        DateEventPrice
        7/8/2026Listed for sale$549,900
        Source: Black Hills AOR #179920 Report a problem
        7/7/2026Listing removed$549,900
        Source: Black Hills AOR #179421 Report a problem
        7/7/2026Listed for sale$549,900
        Source: Black Hills AOR #179421 Report a problem
        6/10/2026Contingent$549,900
        Source: Black Hills AOR #179421 Report a problem
        6/8/2026Listed for sale$549,900-4.3%
        Source: Black Hills AOR #179421 Report a problem
        6/2/2026Listing removed$574,900
        Source: Black Hills AOR #177666 Report a problem
        5/5/2026Price change$574,900-4.2%
        Source: Black Hills AOR #177666 Report a problem
        2/27/2026Listed for sale$599,900-7.6%
        Source: Black Hills AOR #177666 Report a problem
        7/30/2020Listing removed$649,000
        Source: Keller Williams Realty Black Hills #145185 Report a problem
        4/8/2020Listed for sale$649,000
        Source: Keller Williams Realty Black Hills #145185 Report a problem
        1/24/2020Listing removed$649,000
        Source: Keller Williams Realty Black Hills #145185 Report a problem
        9/6/2019Listed for sale$649,000-7%
        Source: Keller Williams Realty Black Hills #145185 Report a problem
        6/16/2019Listing removed$698,000
        Source: Keller Williams Realty Black Hills #139434 Report a problem
        12/18/2018Listed for sale$698,000
        Source: Keller Williams Realty Black Hills #139434 Report a problem
        11/2/2018Listing removed$698,000
        Source: Keller Williams Realty Black Hills #139434 Report a problem
        6/16/2018Listed for sale$698,000
        Source: Keller Williams Realty Black Hills #139434 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,279 +19.5%$412,100 +6.2%
        2024$4,417 $388,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 57702

        Getting around

        42 / 100
        Car-Dependent
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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