Back to Previous Page 610 E North Street

Budget Inn


Land 1.37 Acre | Class C









Property Information

Listing #77190

List Price $1,900,000

County Pennington

Acres 1.37

Bldg Class C

Property Overview

Great investment opportunity in the affordable rental market. Budget Inn currently operates as a weekly/monthly rental business with 38 total rental units. The main building consists of 26 fully furnished studio units on two levels with a full basement for laundry and storage of equipment/furniture. There are 11 stand alone cabins ranging in size from studio to 2 bedroom, most with kitchenette and dedicated parking. All rental units have fire sprinklers. The office building has the rental office on the main floor with a managers apartment on the upper level. Weekly rates range from $230-$250/unit, monthly rates range from $840-$880/unit. With reduced inventory in the north Rapid City rental market and the lack of affordable housing, the property runs near 100% occupancy at all times.



  • Weekly and nightly rental property located in North Rapid City  

  • 26 Fully Furnished Studio Units 

  • 11 Cabin rentals ranging from Studio to 2BD 

  • Rental office with manager apartment on the 2nd floor 

  • Strong cap rate with onsite management in place

  • On-Site property manager with office 

  • 100% occupancy 

  • 17 residents with 1+ year of tenure 

  • All units have fire sprinkler protection

  • Full basement allows for on-site laundry and additional furniture storage 

  • New main building roof in 2022 

  • Financials and Rent Roll available with signed NDA







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