823 Saint Francis St, Rapid City, SD 57701

Exceptional Investment Opportunity – Unique 6,100 Sq Ft Four-Plex with Indoor Pool in Rapid City, SD! Step into a rare and income-producing gem in one of the fastest-growing areas of the Mid-West, Rapid City. This one-of-a-kind 6,100 square foot four-plex blends mid-century character with standout amenities that set it apart from typical multi-family properties. With the main unit as a vacation rental, and the three apartment units being rented to traveling professionals, this is a great non-traditional rental! OR live in the main home and continue bringing in supplemental income with the rental units. Originally built in the 1950s, this property has been thoughtfully configured into four distinct units, offering strong rental appeal and consistent income potential. What truly makes this investment shine is its private indoor heated pool and sauna room—a highly desirable and uncommon feature that attracts long-term tenants and premium rents. The property also includes a spacious heated four-stall garage, one space being big enough to fit an RV with a mechanics pit! Did we mention it also has a shop room or office! Providing ample parking and storage—another major draw for a homeowner or renters in this market. Main house/main unit: Some people ask, "where are the apartments?" A beautiful midcentury space with some perfectly situated features... a beautiful chandelier in the foyer, a leather 50's diner booth, and an attached pool room visible from the kitchen. This space includes two large bedrooms with ample closet space, and two full bathrooms; one being a master suite with a walk in shower and whirlpool tub. Apartment One: A large one bedroom main level unit with a full kitchen, living room, and bathroom (no tub, walk in shower). Apartment Two: A basement two bedroom apartment with a full kitchen, full bathroom, and tons of storage space. Apartment Three: A one bedroom apartment with a full kitchen, living room, and full bathroom. There are two laundry areas within the house; one in the pool room for the main house and the second is located in the basement for the apartment tenants. Prime Location Advantages: Located near the highly desirable West Boulevard Historic District, known for its charm and character. Easy access to major roadways leading to iconic destinations such as Mount Rushmore and the greater Black Hills region. Positioned in a high-demand rental market. Minutes from Monument Health. Near the rapidly expanding soon to be Sanford Health campus. Close proximity to Ellsworth Air Force Base, which continues to drive strong housing demand and growth! Investor Highlights: Strong annual rental income potential Multiple units for diversified cash flow Unique features that reduce vacancy risk Opportunity for value-add improvements or increased rents! Whether you're expanding your portfolio or seeking a standout, income-generating property, this four-plex offers a rare combination of size, character, and amenities in a thriving market. Don’t miss your chance to own a truly distinctive investment property in the heart of the Black Hills region.