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Fall River County, SD Apartment Buildings for Sale

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Hot Springs Multifamily Investment Property
$1,250,000

Hot Springs Multifamily Investment Property

1601 Evanston Ave Ave, Hot Springs, SD 57747

Section 8 multifamily property in Hot Springs, South Dakota.

  • 100% Project‑Based Section 8 rental subsidy with a contract expiring April 30, 2040.
  • Above‑Average Management Occupancy Review (MOR) as of July 2025.
  • Features a mix of unit sizes: four 1‑bedroom, twelve 2‑bedroom, and four 3‑bedroom units.
  • Potential opportunity to assume the existing HOME loan, subject to SDHDA approval.
  • Property amenities include off‑street parking, two laundry rooms, and a playground with a new fence (installed October 2025).
Last Update: Nov 15
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Historic Hot Springs Mixed-Use Building
$950,999
10,395 SF

Historic Hot Springs Mixed-Use Building

401 N River St, Hot Springs, SD 57747

Exceptional historic building with retail, residential, and garage spaces.

  • Largest and most exceptional historic sandstone building for sale in Hot Springs.
  • Prime location on N River Street with high retail traffic.
  • Substantial 10,395 square feet including retail space, loft apartment, and two large garages.
  • Complete overhaul in 2021 with new electrical, plumbing, flooring, paint, and fixtures.
  • New roof installation and roof repairs scheduled to begin in April/May 2023.
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Based on your search, we've compiled 3 Potential Opportunities for your consideration. Besides 2 Active listings in Fall River County, SD, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads

Fall River County, SD Apartment Buildings Investment Opportunities Market Analysis

Explore 2 apartment buildings for sale in Fall River County, SD on our real estate platform. These investment opportunities span a total of 46,696 square feet of properties for sale, with an estimated market value of $2,200,999.

Prices for two-family homes in Fall River County, SD start at $0.00, averaging $733,666, and reaching up to $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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