Clay County, SD Apartment buildings for sale

Updated: May 22

Stabilized 24-Unit Apartment Building

1000-1008 S Crawford Rd, Vermillion, SD 57069

$2,080,000

0.72 AC lot

24‑unit apartment building
Two buildings on 0.72 acres
Unit mix: 22 two‑bedroom one‑bath and 2 one‑bedroom one‑bath
100% occupied
Nearly fully renovated

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Updated: May 22

Vermillion Multifamily Investment Opportunity

1000 South Crawford Road, Vermillion, SD 57069

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6,560 sqft 0.72 AC lot

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.

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8-Unit Multifamily Building

611 1st St, Wakonda, SD 57073

$465,000

Eight-unit multifamily property with off-street parking and on-site coin-operated laundry.

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Student Housing Portfolio Opportunity

1000 N Dakota St, Vermillion, SD 57069

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Student housing portfolio totaling 310 beds across 127 units.

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Student Housing Investment Opportunity

1001 N Dakota St, Vermillion, SD 57069

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Student housing near the University of South Dakota.

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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.

Retail-Zoned Development Land Opportunity

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000

0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000

0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

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

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Clay County, SD Apartment Buildings Market Trends and Statistics

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 $2,545,000.

Sale prices for two-family homes in Clay County, SD start at $465,000, averaging $1,272,500, 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.