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701 Dakota Dr, 
Rapid City, SD 57701

$4,650,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

IRINA LEWIS
Coldwell Banker Black Hills Legacy Real Estate

605-343-2700

Last updated:

March 12, 2026, 02:29 PM

MLS#

175668

Source:

SD BHMLS

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About This Home

701 Dakota Dr

Unbeatable location in the heart of west side Rapid City, adjacent to Sioux Park and the bike path - just minutes from schools, shopping, downtown, and countless dining options. This 48-unit apartment complex includes 44 two-bedroom units, 4 one-bedroom units, and 48 on-site storage units. 2nd and 3rd floor units have large balconies to enjoy the beautiful park setting. Tenants enjoy convenience and location, while owners benefit from thoughtful maintenance and improvements over the years, including durable siding, new roofs, custom exterior doors, lighting, water heaters, resurfaced parking lot, security system, concrete work (in progress), among many other updates. With its prime location and strong rental appeal, this complex is a rare opportunity to buy in the heart of Rapid City. Coin operated laundry in each building.

Home Facts

Multi-Family

Built in 1972

Price Summary

4,650,000

MLS #:

175668

Last Updated:

March 12, 2026, 02:29 PM

Added:

6 month(s) ago

Structure

Structure

Year Built:

1972

Finances & Disclosures

Finances

Price:

$4,650,000

701 Dakota Dr
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IRINA LEWIS

(605) 343-2700

(605) 343-2700

Contact
Source:SD BHMLS
The information being provided by Black Hills Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Black Hills Board Of REALTORS® Mls All rights reserved.

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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.