$36,750,000

4815 5th St Rapid City, SD 57701

6.7 acres
Multi-Family

Property details

About 4815 5th St

ATTENTION INVESTORS: 165 units with 72 garage stalls. 11 Buildings with 15 apartments per unit. 4 sets of garages each with 18 spaces. Garage spaces rent for $100 per month. Each building has 3 studio apartments of 558 sq ft that rent for $900 per month. 6- 1 bedroom 1 bath apartments at 774 sq ft that rent for $1100 per month. 6 -2 bedrooms, 2 bath at 1013 sq ft renting for $1400. Appliances will be Whirlpool stainless steel. Refrigerator, Range, Microwave and dishwasher. Washer and dryer are white stackable set in each apartment. Maintenance Free decking and railings in building corridors and stairs. Carpet in bedrooms. LVF vinyl flooring in kitchen, living room, bathrooms and washer dryer closet. Trex decking. Metal railing,

Highlights

Home typeMulti Family
HeatingElectric, Forced Air
StatusActive
(ACTIVE)
CoolingCentral Air
Lot size6.7 Acres
Year built2023
MLS #83841

Virtual tour

Summary

  • Architectural Style: Other
  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • List Price: $36,750,000
  • Annual Tax Amount: $16,835
  • Tax Year: 2023
  • Directions: Rapid City - Located on 5th Street between Minnesota and Catron
  • Year Built: 2023
  • Lot Size: 6.7 Acres
  • MLS Number: 83841
  • Office Name: Black Hills SD Realty
  • Office Phone: (605) 791-2249

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 other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. 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 2025 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2025, 1:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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4815 5th St, Rapid City, SD 57701 - drone / aerial view with a residential view

$36,750,000

4815 5th St

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$11,470,800$-
2023$2,391,800$16,835
2022$1,093,400$18,192
2021$1,093,400$18,795
2020$1,093,400$18,949
2019$1,093,400$20,379
2018$1,167,400$19,869

History based on county public records data.

Nearby schools

4

Wilson Elementary School

Public District KG-5

0.3 mi

827 Franklin St

4

South Park Elementary School

Public District KG-5

0.5 mi

207 Flormann St

3

Robbinsdale Elementary School

Public District KG-5

1.1 mi

424 E Indiana St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $26,389. Typical income of Rapid City, SD residents is less than $<35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

59%
<35k
35%
35k-100k
6%
100k-200k
0%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

67%
Single, No Kids
19%
Single, with Kids
8%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
6%
12-17 yrs old
40%
18-34 yrs old
33%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Pro WrestlingPro Wrestling
  • Pro BoxingPro Boxing
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • BurlingtonBurlington
  • Family DollarFamily Dollar
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Cicis PizzaCicis Pizza
  • PopeyesPopeyes
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • PontiacPontiac
  • DodgeDodge
  • CadillacCadillac

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • JazzJazz
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Rapid City, SD

Rapid City's transport infrastructure includes a network of major roads and highways, such as Interstate 90, facilitating travel and commuting. Public transportation services are available, providing residents with additional options for getting around the city. The area's walkability varies, with downtown Rapid City being more pedestrian-friendly. Ride-sharing services are operational in the city, complementing the existing transport options.

The community benefits from a solid educational system, with a number of public and private schools serving the area, as well as higher education institutions like South Dakota School of Mines & Technology. Healthcare services are robust, with several hospitals and clinics providing comprehensive care. Retail and dining options reflect the local culture, offering a blend of national chains and unique local businesses.

Rapid City is celebrated for its proximity to natural landmarks and a vibrant cultural scene. The community prides itself on outdoor activities available in the nearby Black Hills and annual events that showcase the area's rich history and community spirit, such as the Black Hills Powwow and the Central States Fair.

Rapid City's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences and budgets. The architectural styles in the area range from ranch-style homes to split-levels and contemporary designs. A significant portion of the housing stock was built during the late 20th century, reflecting a period of growth and development in the city.

About 4815 5th St

This home is located at 4815 5th St in Rapid City, SD and zip code 57701. Features: 0 bathroom. It has been listed on Rocket Homes since April 10, 2025 and is currently priced at $36,750,000.

In April 2025 more than 6 listings in Rapid City, SD were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 17 were sold below. Between March and April 2025, Rapid City, SD real estate market has seen increase in the number of listings by 46.4%.

From Rocket Homes Real Estate and based on county public records data.

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