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1050 Valley Dr, 
Rapid City, SD 57701

$16,500,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Art Koscielski

Black Hills Realty

605-791-2249

Last updated:

May 29, 2026, 07:58 PM

MLS#

179267

Source:

SD BHMLS

About This Home

1050 Valley Dr

Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of 18 private garages. Garage rents for $100 per month. Efficiency apartments are $995 per month. One bedroom apartments $1200 per month. Two bedroom apartment is $1400 per month. Each building has 3 studio apartments, 6 one bedroom apartments and 6 two bedroom apartments. Studio apartments are 558 square feet. One bedrooms are 774 square feet and two bedroom apartment is 1013 square feet. All appliances are stainless steel. Each unit has a refrigerator, range/oven, microwave and dishwasher. Each unit has stacked washer and dryer. Vinyl plank flooring in building corridors and stairs with steel railings for low maintenance. Balconies or patio on all units. Bedrooms are carpeted. LVF vinyl flooring in kitchen, living rooms and baths. All balcony decks are Trex. 440 foot metal fence parallel to Valley Drive and two large apartment complex name signs. Blinds in all apartments. Complete apartment surveillance system with recording ability for all units exterior and interior common areas. Completely landscaped with sprinkler system. Napco fire link fire suppression system approved by Rapid City fire department. Garages are taped and textured with garage door openers with remote. Two tone cabinets in kitchens. Matching laminated counter tops and stainless steel sinks. Tenants pay water and electric. Owner pays for garbage, lawn care and snow removal. Last two units were completed by Mac Construction in 2022. Newer access through to Anamosa Street making it extremely convenient for tenants to get to shopping and the base. One owner who is retiring. This complex is ready to go and in excellent like new condition. Efficiency apartments and 1 bedrooms have mini split heating and cooling. 2 bedroom apartments have for air furnace.

Home Facts

Multi-Family

Built in 2021

Price Summary

16,500,000

MLS #:

179267

Last Updated:

May 29, 2026, 07:58 PM

Added:

3 day(s) ago


Structure

Structure

Year Built:

2021


Finances & Disclosures

Finances

Price:

$16,500,000

Source:SD BHMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.