South Dakota Apartment Buildings for Sale

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Sioux Falls, SD Rapid City, SD Aberdeen, SD Huron, SD Lead, SD Watertown, SD Spearfish, SD Tea, SD

54 properties

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Updated: Aug 10

Six-Unit Apartment Building

412 S Thompson Ave, Sioux Falls, SD 57103

$550,000

5,376 sqft

Six‑unit apartment building totaling 5,376 square feet
Five 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
Fully occupied and professionally managed
Common‑area coin‑operated laundry
Updates to boiler, HVAC, and concrete

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This listing looks promising.

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412 S Thompson Ave, Sioux Falls, SD

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$43K
Annual
Price @ 7% Cap

$615K
Above asking
Property Type

Multi-Family Dwellings
Built 1977

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Updated: Aug 9

Renovated 11-Unit Apartment Building

700 W 6th St, Sioux Falls, SD 57104

$1,300,000

10,800 sqft 0.26 AC lot

11‑unit apartment building with ten two‑bedroom, one‑bath units and one efficiency
10,800 square feet on 0.2636 acres
Renovated in 2015; current occupancy is 90%
Five garage stalls, off‑street parking, and storage closets for each unit
Two sets of coin‑operated laundry facilities

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5-Unit Townhome Apartment Building

2627-2635 Cottontail Drive, Sturgis, SD 57785

$995,000

4,860 sqft

Five single-level townhomes offer private entrances, attached garages, and individual laundry facilities.

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9-Unit Apartment Building

703 S Dakota Ave, Sioux Falls, SD 57104

$780,000

5,248 sqft 0.22 AC lot

Mixed one- and two-bedroom layouts with on-site laundry, detached garages, and off-street parking near downtown.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Six-Unit Apartment Building

412 S Thompson Ave, Sioux Falls, SD 57103

$550,000

5,376 sqft 0.23 AC lot

Fully occupied apartment property with professional management, updated systems, and shared coin-operated laundry.

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8-Unit Apartment Building with Zero-Entry

811 Mallow Street, Rapid City, SD 57701

$999,500

5,198 sqft 0.40 AC lot

8-unit apartment building on a paved street near downtown Rapid City, with private parking and zero-entry ground-level access.

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5-Unit Apartment Building with Garage

314 5th Street, Spearfish, SD 57783

$659,000

4,305 sqft

Downtown multifamily property with remodeled units, off-street parking, shared laundry, and alley-accessed garage.

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15-Unit Apartment Building

121-123 W 6th Ave, Mitchell, SD 57301

$1,200,000

11,280 sqft 0.11 AC lot

Fully leased multifamily property with refreshed building systems and landlord-paid gas and water.

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Townhome-Style Apartment Community

4802 S Hosta Ave, Sioux Falls, SD 57110

$7,950,000

59,544 sqft 3.08 AC lot

Modern multifamily property with private entries, attached garages, patios, and in-unit laundry across a two- and three-bedroom mix.

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5-Unit Apartment Building with Garage

511 -517 Main St S, Lennox, SD 57039

$325,000

4,372 sqft 0.16 AC lot

Multifamily property with coin-operated laundry, individually metered electrical service, and a four-stall garage.

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Historic Mixed-Use Building in Mitchell

117 East 3rd Avenue, Mitchell, SD 57301

$1,375,000

51,600 sqft

Mixed-use property with income potential in downtown Mitchell.

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Six-Unit Apartment Building

1011 S 2nd Ave, Sioux Falls, SD 57105

$675,000

5,832 sqft 0.17 AC lot

Brick construction, laundry facilities, garage parking, and alley-accessible off-street parking serve the residential layout.

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Well-Maintained 5-Plex Apartment Building

2405-2416 Prairie Eagle Cir, Huron, SD 57350

$599,900

5,744 sqft 0.46 AC lot

Single-level 5-plex with five units and individual garages, offering an income-producing multifamily setup in Huron.

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Vermillion Multifamily Investment Opportunity

1000 South Crawford Road, Vermillion, SD 57069

Contact for pricing

6,560 sqft 0.72 AC lot

Stabilized 24-unit multifamily property in Vermillion, South Dakota.

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Three-Duplex Apartment Building with Garage

802 Miners Avenue, Lead, SD 57754

$275,000

3,894 sqft

Three duplexes with frame construction and natural gas heat, plus a 2-car garage.

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Updated Five-Unit Apartment Building

304 S Douglas, Elk Point, SD 57025

$475,000

7,536 sqft 0.18 AC lot

Multifamily property with refreshed exterior systems, modernized units, and assigned off-street parking for every apartment.

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8-Unit Apartment Campus

310 E THIRD ST, Bridgewater, SD 57319

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5,544 sqft

Two-building multifamily property with upgraded interiors, shared laundry, parking, and tenant amenities on a corner city lot.

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Five-Unit Apartment Building

1118 W 8th St, Sioux Falls, SD 57104

$314,000

2,204 sqft 0.15 AC lot

Updated interiors, a detached garage, and public utilities support this five-unit apartment property.

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8-Plex Apartment Complex with Garages

4101 S West Ave, Sioux Falls, SD 57105

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56,832 sqft

Apartment complex of eight 8-plex buildings totaling 64 units, with on-site laundry and 40 detached garages.

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8-Unit Multifamily Apartment Building

10 E Quincy Street, Rapid City, SD 57701

$899,000

0.16 AC lot

Eight-unit multifamily property with coin-operated laundry, off-street parking, and landlord-paid utilities.

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Eight-Unit Apartment Building

811 MALLOW ST, Rapid City, SD 57701

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5,198 sqft

Eight apartments offer varied two- and three-bedroom layouts with on-site private parking.

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Two-Story Boarding Home Apartment Building

113 3rd Street, Newell, SD 57760

$110,000

2,600 sqft 0.26 AC lot

Two-story, frame boarding home with seven bedrooms, main-level tenant laundry access, and propane forced-air heat with evaporative cooling.

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Sioux Falls Multifamily Investment Opportunity

809 South Sherman Avenue, Sioux Falls, SD 57104

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9,602 sqft

Project-based Section 8 apartments near downtown Sioux Falls.

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22-Unit Apartment Property

TBD 1954-1984 Russell Street, Spearfish, SD 57783

$5,685,000

3.25 AC lot

Modern furnished apartments offer open layouts, private outdoor space, and dedicated off-street parking.

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South Dakota Apartment Buildings Market Trends and Statistics

Explore 72 apartment buildings for sale in South Dakota, showcased through 54 active listings on our real estate platform. These investment opportunities span a total of 1,310,018 square feet of properties for sale, with an estimated market value of $39,830,400.

Sale prices for two-family homes in South Dakota start at $110,000, averaging $1,531,938, and reaching up to $7,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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