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Florence, SD Apartment Buildings for Sale

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Watertown, SD Bradley, SD Webster, SD Waubay, SD Clark, SD Summit, SD
5-Unit Apartment Building
Updated: Jun 16, 2024
5-Unit Apartment Building

400 1st St, Florence, SD 57235

$215,000
5‑unit apartment property at 400 1st St, Florence, SD 57235
100% occupancy rate
10% cap rate
New roof and replacement decks
Fresh exterior and interior paint
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Florence, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

10-Unit Apartment Building
10-Unit Apartment Building

255 2nd St SW, Huron, SD 57350

$549,900
20,056 sqft 0.34 AC lot

Two-story multifamily property with mixed one- and two-bedroom residences, lower-level storage, and shared laundry facilities.

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15-Unit Apartment Building
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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Well-Maintained 5-Plex Apartment Building
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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Historic Mixed-Use Building in Mitchell
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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Florence, SD Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Florence, SD on our real estate platform.

Sale prices for two-family homes in Florence, SD average $215,000 — 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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Demographics Overview

Population 796
Population Growth (5Y) -11.3%
Median Household Income $80,938
College Educated 26.8%

High-Yield Neighborhoods for Investment

Identify Florence submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
57235 $215K

Taxes & Financing

Tax Rate (average for all types) 1.47%
Tax Rate vs County Average 0.13 pp above county avg
Average Loan-to-Value 65.0%

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