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    Wentworth, SD Salem, SD Colton, SD Ramona, SD Humboldt, SD Hartford, SD Colman, SD Canistota, SD
    Multifamily Property in Madison, SD
    Updated: Nov 21, 2025
    Multifamily Property in Madison, SD

    210 Center Street West, Madison, SD 57042

    $2,500,000
    New roof (2023‑2024) and renovated parking garage (Fall 2024)
    Institutional quality solid construction
    Diverse unit mix: one, two‑bedroom units, some with vaulted ceilings
    Large underground garage with 31 stalls
    Stable tenant mix (primarily 55+)
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Madison, 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.

    Two Buildings with 24 Units
    Two Buildings with 24 Units

    804-810 Ruud Ln, Hartford, SD 57033

    $3,200,000

    Two twelve-plex apartment buildings with 24 garages in Hartford.

    View details
    Sioux Falls Multifamily Investment Property
    Sioux Falls Multifamily Investment Property

    3113 W 12th St, Sioux Falls, SD 57104

    Contact for pricing
    60,798 sqft 1.47 AC lot

    30-unit apartment complex in Sioux Falls, 100% occupied.

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    RV Park and Apartments
    RV Park and Apartments

    4501 W 12th St, Sioux Falls, SD

    Contact for pricing
    15.02 AC lot

    RV park with apartments, high visibility, and commercial zoning.

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    Cash-Flowing 7-Plex Investment
    Cash-Flowing 7-Plex Investment

    920 N Walts Ave, Sioux Falls, SD 57104

    Contact for pricing

    Seven-unit multifamily property with separately metered electric and recent updates including a newer roof and electrical.

    View details

    Madison, SD Apartment Buildings Market Trends and Statistics

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

    Sale prices for two-family homes in Madison, SD average $2,500,000 — 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 7,900
    Population Growth (5Y) -15.4%
    Median Household Income $68,672
    College Educated 47.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57042 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.65%
    Property Tax per SF $1.74 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

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