4815 5th St, Rapid City, SD 57701
Property image
Property image
FOR SALE
NEW - 5 HRS AGO
NEW CONSTRUCTION
3D VIEW
6.7 ACRES

$31,250,000

  • 5 Beds
  • 3,059 sqft (on 6.70 acres)

4815 5th St, Rapid City, SD 57701

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Home Highlights

Multi-Family
Built in 2023
6.7 acre lot
$10,216/sqft
Garage

Local Information

  • Map ViewExplore the area around 4815 5th St.
  • Schools1 Elementary School2 Middle Schools2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

About this House

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
Last check for updates: about 6 hours ago
Listing courtesy of TJ Wojtanowicz
Black Hills SD Realty
Source: Mount Rushmore Area AOR, MLS#90350
Also Listed on Black Hills AOR, Black Hills AOR.

Home Details for 4815 5th St

Interior Features

Interior Details
Basement: Crawl Space
Beds & Baths
Number of Bedrooms: 5
Dimensions and Layout
Living Area: 3059 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Disposal, Refrigerator, Electric Range Oven, Microwave, Washer, DryerDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Electric,Forced AirHas CoolingAir Conditioning: Refrig. C/AirHas HeatingHeating Fuel: Electric
Gas & Electric
Electric: 220 Volts, Breaker, Plastic PlumbingHas Electric on Property
Windows, Doors, Floors & Walls
Window: Window Coverings (All)
Levels, Entrance, & Accessibility
Entry Location: Community Entrance
Security
Security: Fire Alarm, Security System, Smoke Detector(s), Fire Sprinkler System

Exterior Features

Exterior Home Features
Roof: CompositionFoundation: Poured Concrete Found.
Parking & Garage
No CarportHas a GarageParking: Common,Garage,Paved
Frontage
Road Surface Type: Paved

Days on Market

Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 2023
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: OtherArchitecture: Other
Building
Construction Materials: Frame, Stone Veneer, LT SmartsideIs a New Construction
Property Information
Condition: New ConstructionIncluded in Sale: All Units, Refrigerator, Range/Oven, Dishwasher, Disposal, Washer, Dryer

Price & Status

Price
List Price: $31,250,000Price Per Sqft: $10,216
Status Change & Dates
Possession Timing: Negotiable

Active Status

MLS Status: ACTIVE

Media

Location

Direction & Address
City: Rapid CityCommunity: Fifth Street Office Plaza
School Information
Elementary School District: Rapid CityJr High / Middle School District: Rapid CityHigh School District: Rapid City

Agent Information

Listing Agent
Listing ID: 90350

Building

Building Area
Building Area: 3059 Square Feet

Lot Information

Lot Area: 6.7 Acres

Offer

Listing Terms: Cash, New Loan

Business

Expense
Tenant Pays: Gas/Electric, See Remarks

Rental Terms, Policies & Fees

Owner Pays: Insurance, Taxes, See Remarks, Water/Sewer

Miscellaneous

BasementMls Number: 90350

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
    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

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

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
725 West St, Rapid City, SD
3.27
Multi-Family Home
$520,000
03/10/26
7
-
3,451
1116 Mount Rushmore Rd, Rapid City, SD
2.83
Multi-Family Home
$317,500
07/30/26
2
-
1,374
1318 1/2 Quincy St, Rapid City, SD
3.30
Multi-Family Home
$169,000
12/19/25
3
-
1,768
621 East Blvd N, Rapid City, SD
3.69
Multi-Family Home
$278,000
10/02/25
6
-
2,464
205 E Watertown St, Rapid City, SD
3.67
Multi-Family Home
$250,000
07/31/26
6
-
2,016
710 Haines Ave, Rapid City, SD
3.83
Multi-Family Home
$220,000
04/17/26
5
-
2,352
720 Mallow St, Rapid City, SD
3.93
Multi-Family Home
$662,000
05/04/26
8
-
4,374
213 E Watertown St, Rapid City, SD
3.69
Multi-Family Home
$211,050
09/11/26
3
-
1,680
1920/1930 Monte Vista Dr, Rapid City, SD
3.90
Multi-Family Home
$1,650,000
06/30/26
10
-
18,060

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
168 Savoy Cir, Rapid City, SD 57702
0.11
$443,500
4
3
2,594
Recently Sold
205 Enchantment Rd, Rapid City, SD 57701
0.15
$380,000
2
2
1,336
Recently Sold
Tbd Stumer Rd, Rapid City, SD 57701
0.21
$574,992
-
-
-
For Sale
208 Enchantment Rd, Rapid City, SD 57701
0.18
$414,100
3
3
2,792
Off Market
4814 Encampment Ln, Rapid City, SD 57701
0.19
$380,000
2
2
1,353
Recently Sold
253 Enchantment Rd, Rapid City, SD 57701
0.22
$356,000
3
2
1,588
Off Market
310 Dunbar Ct, Rapid City, SD 57701
0.22
$430,000
3
2
1,447
Recently Sold
301 Enchanted Pines Dr, Rapid City, SD 57701
0.23
$489,000
5
3
3,068
For Sale
304 Enchanted Pines Dr, Rapid City, SD 57701
0.24
$524,200
3
3
2,840
Off Market
4630 Cambria Cir, Rapid City, SD 57701
0.25
$627,000
4
3
3,036
Recently Sold
7 E Stumer Rd, Rapid City, SD 57701
0.30
$1
-
-
-
For Sale

Price and Tax history

DateEventPrice
Sep 15, 2026
Source: Black Hills AOR #181006
Listed For Sale
$31,250,000
Jan 23, 2026
Source: Black Hills AOR #173179
ListingRemoved
$36,750,000
Apr 10, 2025
Source: Black Hills AOR #173179
Listed For Sale
$36,750,000
Oct 27, 2023
Source: Black Hills AOR #162236
ListingRemoved
Jan 19, 2023
Source: Black Hills AOR #162236
Listed For Sale
$42,000,000

LGBTQ Local Legal Protections

TJ Wojtanowicz, Black Hills SD Realty
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® Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow Inc. are marked with the Broker Reciprocity™ logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright 2026 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved

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Frequently asked questions about 4815 5th St

  • What is the estimated monthly payment for 4815 5th St?
    Based on a $31,250,000 list price with 20% down at today's rates, the estimated monthly payment for 4815 5th St in Rapid City, SD is approximately $197,006 (about $170,629 principal & interest, $26,302 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 4815 5th St compare to homes in Rapid City?
    4815 5th St in Rapid City, SD is listed at $31,250,000, about 8242% 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 4815 5th St?
    The closest schools to 4815 5th St in Rapid City, SD are Central High School - 41 (rated 2/10), South Middle School - 36 (rated 3/10), Southwest Middle School - 38 (rated 9/10).
  • Does 4815 5th St have air conditioning?
    Yes, 4815 5th St in Rapid City, SD has air conditioning.
  • Does 4815 5th St have laundry facilities?
    Yes, 4815 5th St in Rapid City, SD has in-unit laundry.
4815 5th St, Rapid City, SD 57701 is a 5 bedroom, 3,059 sqft multi-family built in 2023. This property is currently available for sale and was listed by Mount Rushmore Area AOR on Sep 15, 2026. The MLS # for this home is MLS# 90350.