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    Hot Springs, SD Apartment Buildings for Sale

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    Hot Springs Multifamily Investment Property
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    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).
    Updated: Nov 15, 2025
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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 7 Potential Opportunities for your consideration. Besides 2 Active listings in Hot Springs, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

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

    Spearfish Multifamily Investment
    $2,200,000
    8,685 SF

    Spearfish Multifamily Investment

    31-Unit Apartment Complex, High Demand

    230 Main St, Spearfish, SD 57783
    View details
    Spearfish 5-Plex Investment Opportunity
    $659,000
    4,305 SF

    Spearfish 5-Plex Investment Opportunity

    Five-unit apartment building in downtown Spearfish, fully occupied.

    314 5Th St, Spearfish, SD 57783
    View details
    Gering Apartment Building with Storefronts
    $325,000
    3,672 SF

    Gering Apartment Building with Storefronts

    Charming apartments and storefronts in Gering, Nebraska.

    1356 10Th St, Gering, NE 69341
    View details
    Gering Multifamily Investment Opportunity
    $325,000

    Gering Multifamily Investment Opportunity

    Five residential units plus two vacant shop areas.

    1356 10Th St, Gering, NE 69341
    View details

    Hot Springs, SD Apartment Buildings Investment Opportunities Market Analysis

    Explore 2 apartment buildings for sale in Hot Springs, 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.

    Sale prices for two-family homes in Hot Springs, 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 stay ahead with the latest data and market trends.

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