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    Section 8 Multifamily Apartment Building
    Updated: Nov 16, 2025
    Section 8 Multifamily Apartment Building

    101 Center Ave, Philip, SD 57567

    Contact for pricing
    16,596 sqft
    HUD Section 8 (HAP Contract) property in Philip, SD with 100% project‑based subsidy covering 16 units (100%).
    Unit mix includes sixteen 1‑bedroom/1‑bath units and three commercial spaces.
    Section 8 contract #: SD99‑H001‑070; 20‑year term with expiration May 31, 2040 and renewal option (Option 4).
    Commercial tenants include Daymond Lurz ($350/month), State Farm Insurance ($340/month), and Elizabeth Boardman ($300/month).
    Building amenities include a community room, main floor laundry room, elevator, and onsite property management office.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 1 Active listings in Philip, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 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 Value-Add Opportunity
    Rapid City Multifamily Value-Add Opportunity

    10 E Quincy St, Rapid City, SD 57701

    $899,000
    4,953 sqft

    8-unit multifamily property with value-add potential in Rapid City.

    View details
    Three-Story Apartment Building
    Three-Story Apartment Building

    114 N Main Street, Valentine, NE 69201

    $425,000
    0.26 AC lot

    Well-maintained 18-unit building on Main Street with 60% occupancy and a full basement offering room to expand amenities.

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    Valentine Multifamily Two-Property Package
    Valentine Multifamily Two-Property Package

    801 Dowden, Valentine, NE 69201

    $1,790,000
    0.68 AC lot

    Two well-maintained multifamily buildings offer 14 two-bedroom units with in-unit laundry and separately metered utilities.

    View details
    Brick Apartment Complex
    Brick Apartment Complex

    225 E Watertown St, Rapid City, SD 57701

    $1,450,000

    Seventeen-unit, all-brick apartment building with on-site parking and laundry, plus recent boiler, water heater, and window updates.

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    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.

    Retail-Zoned Development Land Opportunity
    Retail-Zoned Development Land Opportunity

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

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    Commercial Buildable Land Parcel
    Commercial Buildable Land Parcel

    801 NW 36th Avenue, Norman, OK 73072

    $250,000
    0.74 AC lot

    Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

    View details
    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

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    Off-Market Properties in Philip, SD

    Consider similar Off-Market properties in Philip, 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.

    Philip, SD 57567
    APARTMENT HOUSE (5+ UNITS)

    Philip, SD 57567

    Value Estimation by Request
    7,200 sqft 0.72 AC lot
    View details
    165 Ctr Ave
    APARTMENT HOUSE (5+ UNITS)

    165 Ctr Ave, Philip, SD 57567

    Value Estimation by Request
    2,525 sqft 0.07 AC lot
    View details
    108 12th S Larimer Ave
    APARTMENT HOUSE (5+ UNITS)

    108 12th S Larimer Ave, Philip, SD 57567

    Value Estimation by Request
    1,416 sqft 0.09 AC lot
    View details
    402 Larimer Ave
    APARTMENT HOUSE (5+ UNITS)

    402 Larimer Ave, Philip, SD 57567

    Value Estimation by Request
    1,650 sqft 0.29 AC lot
    View details
    Philip, SD 57567
    APARTMENT HOUSE (5+ UNITS)

    Philip, SD 57567

    Value Estimation by Request
    4,154 sqft 0.29 AC lot
    View details

    Philip, SD Apartment Buildings Market Trends and Statistics

    Explore 6 apartment buildings for sale in Philip, SD on our real estate platform. These investment opportunities span a total of 16,596 square feet of properties for sale.

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    Demographics Overview

    Population 1,014
    Population Growth (5Y) -31.6%
    Median Household Income $55,542
    College Educated 18.1%

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