1948 Hillsview Dr, Rapid City, SD 57702
Property image
Property image
FOR SALE
0.9 ACRES

$531,977

Original price: $549,900
  • Studio

1948 Hillsview Dr, Rapid City, SD 57702

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Home Highlights

Multi-Family
Built in 1949
0.9 acre lot

Local Information

  • Map ViewExplore the area around 1948 Hillsview Dr.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

This 5-plex is being offered at $106,395 per unit—this well-maintained 5-unit multi-family property currently generates $49,380 in annual rental income and offers immediate income with long-term potential. With a proven 16-year track record of stable occupancy, the property has demonstrated consistent rental performance. Current average rent is approximately $823 per unit/month, with rental rates believed to be below market, creating an opportunity for future income growth. Situated on approximately 0.9 acres near Canyon Lake Park, schools, shopping and restaurants, the property also includes a 28' x 15' garage, providing valuable additional storage. Improvements within the past five years include updates to roof, siding, windows, doors and electrical systems. Whether expanding an existing portfolio or seeking an established income-producing property, 1948 Hillsview offers an attractive combination of rental history, location, price per unit and potential upside.
Last check for updates: about 3 hours ago
Listing courtesy of LISA MUELLER, (605) 390-7137
COLDWELL BANKER BLACK HILLS LEGACY
Source: Black Hills AOR, MLS#179920
Also Listed on Black Hills AOR.

Home Details for 1948 Hillsview Dr

Interior Features

Heating & Cooling
Heating: Forced Air,Fireplace(s)Has CoolingAir Conditioning: Central Air,Window Unit(s)Has HeatingHeating Fuel: Forced Air
Fireplace & Spa
Has a Fireplace
Windows, Doors, Floors & Walls
Window: Window Coverings
View
Has a ViewView: Trees/Woods
Security
Security: Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: CompositionExterior: Private EntranceFoundation: None
Parking & Garage
No CarportNo GarageParking: See Remarks
Frontage
Not on Waterfront

Days on Market

Days on Market: 76

Property Information

Year Built
Year Built: 1949
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multiplex

Price & Status

Price
List Price: $531,977
Status Change & Dates
Possession Timing: Negotiable

Active Status

MLS Status: ACTIVE

Location

Direction & Address
City: Rapid CityCommunity: Sherman

Agent Information

Listing Agent
Listing ID: 179920

Lot Information

Lot Area: 0.90 acres

Miscellaneous

Mls Number: 179920

Around this home

What Locals Say about Rapid City

At least 315 Trulia users voted on each feature.

  • 92 % Say car is needed

  • 88 % Say it's dog friendly

  • 83 % Say parking is easy

  • 81 % Say there are sidewalks

  • 78 % Say yards are well-kept

  • 73 % Say there's holiday spirit

  • 69 % Say kids play outside

  • 67 % Say there's wildlife

  • 65 % Say people would walk alone at night

  • 64 % Say it's quiet

  • 54 % Say streets are well-lit

  • 51 % Say neighbors are friendly

  • 42 % Say they plan to stay for at least 5 years

  • 29 % Say it's walkable to restaurants

  • 28 % Say it's walkable to grocery stores

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Nubia Quinonez
    "15 minutes to every thing"
    0
    Flag
  • Taylor Weathers
    "The area is nice, crime is really low, some areas are alittle run down but majority of the city and surrounding area is beautiful. I’m told the schools are good and there’s plenty for children to do around here. Plenty outdoor activities "
    1
    Flag
  • Michelle B
    "It’s a neighborhood 20+ years old, so there is space between houses and they don’t all look alike. Parkview park is only 2 blocks away with a pool, play area and softball fields. "
    0
    Flag
  • Aereal Willhoite
    "Rapid City is an outdoor enthusiast dream city to live plenty of stuff to do for everyone with their different personalities"
    0
    Flag
  • Jefffrazier
    "It’s not my “neighborhood”. We are renting a cabin here for the winter. The locals are not as friendly as we might have imagined. We are probably seen as outsiders. Given the beauty and blessings involved with this place, I can’t blame them. "
    0
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  • Jefffrazier
    "Few sidewalks, but drivers seem to be appropriately cautious when encountering wildlife and/or pets. "
    0
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  • jon.g.fleming
    "I work from home but my old commute was around 20 minutes in light traffic most mornings and evenings."
    0
    Flag
  • S.d.beckfamily
    "There are a lot of dog walkers in the area. We have a beautiful park in walking distance from our home. Also a nice dog park a short drive away. "
    9
    Flag
  • Lisalpog
    "The Southside of rapid city is one of the better part of town to live in. I live in the Newest part of the southside and it’s relatively quiet. Other than if you live close to Cattron which my building is located close to Catherine and sometimes you can hear the traffic. Other than that it’s great"
    12
    Flag
  • Chandlor M.
    "Fun place to live and have a family great schools great neighbors well maintained yards snow removal is a little lacking but you can get past it "
    1
    Flag
  • Rex
    "We have fireworks during the 4th of July. There is also pancake suppers for fundraiser for the Rapid Valley Fire department. "
    0
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  • Berto B. O.
    "The city is small and more laid back. People are mostly nice. There are a lot of outdoor activities to do in each season."
    6
    Flag
  • Chassidysieveke
    "Most people keep to themselves. It is very safe neighborhood for kids tho. Most houses have large lots."
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  • Lori F.
    "The neighborhood really enjoys Fourth of July the celebration goes on for days upon days! Lots of neighbors love to shoot fireworks which is great to sit outside and watch with the kids at night, gives everyone an extra show both before and after the big show on the Fourth of July! "
    0
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  • Lakotaprarireheart
    "dogs are leashed and owners are very responsible for their dogs neighborhoods are well maintained people are very friendly "
    6
    Flag
  • Jay Sie
    "Some neighbors are friendly & considerate. Some aren’t. Nice place to live. The roads need to be maintained better. The parks could use some clean up. "
    1
    Flag
  • Heather T.
    "Grandview, and Robbinsdale are great schools. Teachers are dedicated to see all students succeed . "
    2
    Flag
  • Elliott B.
    "Parents should recommend new kids to the area to hang out at the local park parking lot lots of kids down there"
    5
    Flag
  • Brandi B.
    "From what I'm told from tourist, we are very friendly and welcoming town. Also that our surrounding areas, the Black Hills, is gorgeous."
    0
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  • Trulia User
    "Rapid valley is a very kid and dog friendly community, most of the neighbors take pride in their homes and yards. You see kids walking to and from school and lots of people walking babies in strollers it seems to be a safe area and the people love to celebrate the holidays. So if this meets what you are looking for in a neighborhood then the valley is the place for you! Good luck house hunting!!"
    0
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  • Lori F.
    "Friendly lots of dog walkers and people walking babies and young kids an elementary school is centrally located within the neighborhood overall a quiet place to live "
    0
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  • Natalia H.
    "we moved to Auburn Hills in August 2018. the neighbors are very nice and friendly. this winter everybody helped with clearing snow and working together. I wish we had a better school near by"
    0
    Flag
  • Craig
    "The lots are all fairly large, with at least 1/2 acre each. The area is very family and pet friendly, with common playground areas and walking paths through the open fields."
    0
    Flag
  • Carmen E. B.
    "Lots of other animals in the neighborhood but people are rude about picking up dog poop I’ve noticed!"
    0
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  • Lori F.
    "Lots of dog walkers in the neighborhood, kids playing outside, especially since there’s an elementary school a couple blocks away, normally a very quiet neighborhood a good mix of established residents and new property owners. Convenience of gas stations and a dollar tree within five minutes of the house for those last minute items that were forgotten at the store. Convenient location for stores, strip malls or even the mall within ten minutes. Great location to have rapid city at your fingertips without having to be right in the middle and having to deal with rush hour traffic"
    0
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  • Kayla C.
    "My neighborhood has many apartment developments. It’s a nice residential part of town with stores close by. "
    6
    Flag
  • Briann P.
    "my part of town is close to both down town and a Walmart. also not far from fast food restaurants. Close to three churches "
    3
    Flag
  • Lori F.
    "Very dog friendly neighborhood lots and lots of dog walkers! Very friendly area to live in. Overall low traffic area except when school lets out, but it is convenient for families with younger kids"
    0
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  • Lori
    "Quiet neighborhood typically without issue reasonable place to live cost wise. Convenient location to gas stations and interstate. Lots of younger kids very close to an elementary school. Good location for young families and first time buyers! Large lots per house. Nice to have more space than the newer neighborhoods offer. Usual lot size is a half acre or more!! "
    0
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  • Lori F.
    "Fourth of July is spectacular very neighborly nice place to live especially for young families with young kids school within walking distance "
    0
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  • Tyehjohnson
    "There’s a dog park, a pool, hot tub, and a gym all right here. All the dog owners are very friendly and encourage positive interaction with other dogs/owners. "
    0
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  • Njjoyce1981
    "Family friendly community just stay away from north rapid after dark. Not the best place to be at night especially alone by yourself."
    7
    Flag
  • Lori F.
    "There’s an elementary school in the neighborhood good for young families quiet community to live in low crime rate people love to celebrate the Fourth of July here! Everyone has been very friendly new to the area "
    0
    Flag

Market trends in Rapid City

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$375K
$7.67KMoM
Sale-to-List Price
98.7%
0.2%MoM
Price per sq ft
$214
$2MoM
Available listings
439
14MoM

Home Value

Trulia Estimate
$510K
Since last month
Increased$7K (+1.4%)
Since last year
Decreased$21K (-3.9%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +96% in the last 10 years
MonthEstimated value
2026
September 2026$510K
August 2026$503K
July 2026$522K
June 2026$545K
May 2026$540K
April 2026$563K
March 2026$567K
February 2026$596K
January 2026$493K
2025
2024
2023
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1920/1930 Monte Vista Dr, Rapid City, SD
0.16
Multi-Family Home
$1,650,000
06/30/26
10
-
18,060
3025 W Omaha St, Rapid City, SD
1.49
Multi-Family Home
$475,000
03/27/26
8
-
4,116
725 West St, Rapid City, SD
2.55
Multi-Family Home
$520,000
03/10/26
7
-
3,451
1318 1/2 Quincy St, Rapid City, SD
2.52
Multi-Family Home
$169,000
12/19/25
3
-
1,768
1116 Mount Rushmore Rd, Rapid City, SD
2.84
Multi-Family Home
$317,500
07/30/26
2
-
1,374
720 Mallow St, Rapid City, SD
3.16
Multi-Family Home
$662,000
05/04/26
8
-
4,374
710 Haines Ave, Rapid City, SD
3.71
Multi-Family Home
$220,000
04/17/26
5
-
2,352
401 College Ave, Rapid City, SD
3.87
Multi-Family Home
$273,000
01/26/26
6
-
1,256

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2004 Red Dale Dr, Rapid City, SD 57702
0.07
$313,000
3
2
1,346
Recently Sold
4018 Canyon Lake Dr, Rapid City, SD 57702
0.07
$289,000
3
2
1,574
For Sale
1940 Red Dale Dr, Rapid City, SD 57702
0.08
$305,500
2
1
1,344
Off Market
4022 Linden Ln, Rapid City, SD 57702
0.08
$225,000
-
-
-
For Sale
2101 Juniper St, Rapid City, SD 57702
0.12
$227,900
3
1
1,200
Off Market
1836 Audubon Cir, Rapid City, SD 57702
0.12
-
8
-
6,908
Off Market
1930 Audubon Cir, Rapid City, SD 57702
0.15
$620,000
4
3
3,078
Recently Sold
1920/1930 Monte Vista Dr, Rapid City, SD 57702
0.16
$1,650,000
10
-
18,060
Recently Sold
4017 Minnekahta Dr, Rapid City, SD 57702
0.18
$365,500
5
2
2,164
Off Market
2011 Elmhurst Dr, Rapid City, SD 57702
0.19
$317,200
3
2
1,736
Off Market
2005 Elmhurst Dr, Rapid City, SD 57702
0.19
$255,800
2
1
1,440
Off Market

Price and Tax history

DateEventPrice
Aug 13, 2026
Source: Black Hills AOR #179920
PriceChange
$531,977
Price decreased by 3%
Jul 8, 2026
Source: Black Hills AOR #179920
Listed For Sale
$549,900
Jul 7, 2026
Source: Black Hills AOR #179421
ListingRemoved
$549,900
Jul 7, 2026
Source: Black Hills AOR #179421
PendingToActive
$549,900
Jun 10, 2026
Source: Black Hills AOR #179421
Contingent
$549,900

LGBTQ Local Legal Protections

LISA MUELLER, COLDWELL BANKER BLACK HILLS LEGACY
Agent Phone: (605) 390-7137
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' 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 Deemed Reliable But Not Guaranteed.

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Frequently asked questions about 1948 Hillsview Dr

  • What is the estimated monthly payment for 1948 Hillsview Dr?
    Based on a $531,977 list price with 20% down at today's rates, the estimated monthly payment for 1948 Hillsview Dr in Rapid City, SD is approximately $3,410 (about $2,887 principal & interest, $448 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1948 Hillsview Dr compare to homes in Rapid City?
    1948 Hillsview Dr in Rapid City, SD is listed at $531,977, about 42% above the $375K median sale price in Rapid City.
  • What do residents say about Rapid City?
    Residents describe Rapid City, SD as dog-friendly, easy to park in, and pedestrian-friendly. See homes for sale in Rapid City, SD.
  • What are the closest schools to 1948 Hillsview Dr?
    The closest schools to 1948 Hillsview Dr in Rapid City, SD are South Canyon Elementary - 15 (rated 7/10), Stevens High School - 42 (rated 5/10), West Middle School - 37 (rated 5/10).
  • Does 1948 Hillsview Dr have air conditioning?
    Yes, 1948 Hillsview Dr in Rapid City, SD has air conditioning.
  • Does 1948 Hillsview Dr have parking?
    Yes, 1948 Hillsview Dr in Rapid City, SD has on-site parking.
1948 Hillsview Dr, Rapid City, SD 57702 is a studio multi-family built in 1949. This property is currently available for sale and was listed by Black Hills AOR on Jul 8, 2026. The MLS # for this home is MLS# 179920.