Clay County, SD Apartment buildings for sale

$2,080,000

0.72 Acres

Stabilized 24-Unit Multifamily Property

1000-1008 S Crawford Rd, Vermillion, SD 57069

Two-building 24-unit apartment community with nearly renovated units and 100% occupancy.

Stabilized 24‑unit multifamily property in Vermillion, SD, 100% occupied
Two buildings on 0.72 acres with 22 units: two‑bedroom/one‑bath and 2 units: one‑bedroom/one‑bath
Nearly fully renovated; limited capital needs reported
Current NOI of $145,553 with pro forma NOI of $162,370
Priced at $2,080,000 and listed with a 7.00% cap rate

Updated: May 22

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Vermillion Multifamily Investment Opportunity

$2,080,000

6,560 SF

Vermillion Multifamily Investment Opportunity

1000 South Crawford Road, Vermillion, SD 57069

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

100% Occupancy: Provides immediate and consistent income stream.
Strong Cash Flow: Current NOI of $145,553 and a 7.00% cap rate.
Value‑Add Opportunity: Rents are currently below market, offering potential for increased revenue.
Nearly Fully Renovated: Reduces immediate capital expenditure needs.
Stabilized Asset: Dependable performance in a consistently strong market.

Updated: May 22

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Fully Leased Apartment and Townhome

Class A property with a mix of apartments and townhomes.

1317 Madison Street, Vermillion, SD 57069

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Student Housing Portfolio Opportunity

Student housing portfolio totaling 310 beds across 127 units.

1000 N Dakota St, Vermillion, SD 57069

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Student Housing Investment Opportunity

Student housing near the University of South Dakota.

1001 N Dakota St, Vermillion, SD 57069

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Clay County, SD, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$2,850,000

29.20 Acres

Prime Development Land, Springfield MO

29.2 acres of retail-zoned land for mixed-use development.

N West Bypass, Springfield, MO 65802

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$285,000

0.74 Acres

Norman Land For Luxury Condos

Prime Norman land suitable for luxury condos development.

801 NW 36th Avenue, Norman, OK 73072

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$285,000

0.74 Acres

Buildable Lot for Luxury Condos

0.74 acre buildable lot zoned for low-density apartments.

801 36th Ave NW, Norman, OK 73072

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$2,500,000

5.94 Acres

Asheville Development Opportunity: 5.94 Acres

5.94-acre parcel zoned RM6, ideal for multi-family development.

215 N Bear Creek Road, Asheville, NC 28806

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Clay County, SD Apartment Buildings Investment Opportunities Market Analysis

Explore 5 apartment buildings for sale in Clay County, SD, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 6,560 square feet of properties for sale, with an estimated market value of $2,080,000.

Sale prices for two-family homes in Clay County, SD start at $2,080,000, averaging $2,080,000, and reaching up to $2,080,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.