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

1948 Hillsview Dr
Rapid City, SD 57702

  • Studio

$549,900

$549,900

Studio
(on 0.90 acres)

Local Information

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

Description

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.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
12 days ago

Home Details for 1948 Hillsview Dr

Interior Features

Appliances & Utilities
Utilities: Separate Meters
Heating & Cooling
Heating: Forced Air,Fireplace(s)Has CoolingAir Conditioning: Central Air,Electric,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
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 12

Property Information

Year Built
Year Built: 1949
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multiplex
Building
Construction Materials: Metal/Vinyl

Price & Status

Price
List Price: $549,900
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
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.

Market trends in Rapid City

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$355K
$17.42KMoM
Sale-to-List Price
98.9%
0.3%MoM
Price per sq ft
$212
$4MoM
Available listings
375
19MoM

Price History for 1948 Hillsview Dr

DatePriceEventSource
07/08/2026$549,900Listed For SaleBlack Hills AOR #179920
07/07/2026$549,900ListingRemovedBlack Hills AOR #179421
07/07/2026$549,900PendingToActiveBlack Hills AOR #179421
06/10/2026$549,900ContingentBlack Hills AOR #179421
06/08/2026$549,900Listed For SaleBlack Hills AOR #179421
06/02/2026$574,900ListingRemovedBlack Hills AOR #177666
05/05/2026$574,900PriceChange
Black Hills AOR #177666
02/27/2026$599,900Listed For SaleBlack Hills AOR #177666
07/30/2020$649,000ListingRemovedAgent Provided
04/08/2020$649,000Listed For SaleAgent Provided
01/24/2020$649,000ListingRemovedAgent Provided
09/06/2019$649,000Listed For SaleAgent Provided
06/16/2019$698,000ListingRemovedAgent Provided
12/18/2018$698,000Listed For SaleAgent Provided
11/02/2018$698,000ListingRemovedAgent Provided
06/16/2018$698,000Listed For SaleAgent Provided

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Property Tax and Assessment

Year2025
Tax$5,279
Assessment$412,100
Home facts updated by county records

Comparable Sales for 1948 Hillsview Dr

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
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 homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 1948 Hillsview Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Rapid City

At least 313 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

  • 28 % 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
    Flag
  • Jefffrazier
    "Few sidewalks, but drivers seem to be appropriately cautious when encountering wildlife and/or pets. "
    0
    Flag
  • 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
    Flag
  • 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."
    0
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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

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.
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.