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    Hot Springs, SD Apartment Buildings for Sale

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    Buffalo Gap, SD Custer, SD Oelrichs, SD
    Historic Hot Springs Mixed-Use Building
    $920,000
    10,395 SF

    Historic Hot Springs Mixed-Use Building

    401 N River St, Hot Springs, SD

    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.
    Updated: Nov 5, 2025
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Rapid City Multifamily Investment Property
    $899,000
    0.16 Acres

    Rapid City Multifamily Investment Property

    8-unit multifamily property near downtown and School of Mines.

    10 E Quincy Street, Rapid City, SD 57701
    View details
    Rapid City Multifamily Investment Property
    $899,000

    Rapid City Multifamily Investment Property

    8-unit multifamily property near downtown and School of Mines.

    10 E QUINCY, Rapid City, SD 57701
    View details
    Historic Mixed-Use Building in Chadron
    $285,000
    2,500 SF

    Historic Mixed-Use Building in Chadron

    Mixed-use commercial building with retail and residential income potential.

    201 W 2nd Street, Chadron, NE 69337
    View details
    Historic Mixed-Use Building For Sale
    $285,000
    2,500 SF

    Historic Mixed-Use Building For Sale

    Mixed-use building with retail space and residential income potential.

    201 W 2nd Street, Chadron, NE 69337
    View details

    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.

    Entitled Multifamily Development Opportunity
    $3,250,000
    0.83 Acres

    Entitled Multifamily Development Opportunity

    Permitted 50-unit multifamily development with retail space for sale.

    403 N River St lot: 403, 417, & 419, Hailey, ID 83333
    View details
    Norman Land For Luxury Condos
    $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
    View details
    Buildable Lot for Luxury Condos
    $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
    View details
    Prime Development Land, Springfield MO
    $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
    View details

    Off-Market Properties in Hot Springs, SD

    Consider similar Off-Market properties in Hot Springs, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    402 Battle Mountain Ave

    402 Battle Mountain Ave

    Multifamily properties • 1.07 Acres
    Value Estimation by Request
    402 Battle Mountain Ave, Hot Springs, SD 57747
    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 10,395 square feet of properties for sale, with an estimated market value of $920,000.

    Sale prices for two-family homes in Hot Springs, SD start at $920,000, averaging $920,000, and reaching up to $920,000 — 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 5,889
    Population Growth (5Y) -0.4%
    Median Household Income $64,023
    College Educated 32.2%

    Taxes & Financing

    Tax Rate (average for all types) 0.95%
    Property Tax per SF $92.35 per sq ft
    Average Loan-to-Value 65.0%

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