Apartment Building

Wakonda, SD Apartment Buildings for Sale

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Volin, SD Irene, SD Centerville, SD Vermillion, SD Mission Hill, SD Gayville, SD Yankton, SD Beresford, SD
8-Unit Multifamily Building
Updated: Jul 9
8-Unit Multifamily Building

611 1st St, Wakonda, SD 57073

$465,000
8‑unit multifamily building built in 1975 in Wakonda, SD
Unit mix includes seven 2‑bedroom units and one 1‑bedroom unit
Off‑street parking for residents
On‑site coin‑operated laundry
New pitched roof completed in spring 2026
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Wakonda, 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.

5-Unit Apartment Building with Garage
5-Unit Apartment Building with Garage

511 -517 Main St S, Lennox, SD 57039

$299,900
4,372 sqft 0.16 AC lot

Multifamily property with coin-operated laundry, individually metered electrical service, and a four-stall garage.

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5-Unit Apartment Building
5-Unit Apartment Building

511 517 Main St Ss, Lennox, SD 57039

$299,900
4,372 sqft

Five residential units include coin-operated laundry, separate electrical service, and a newer boiler for building heat.

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Fully Leased Apartment Property
Fully Leased Apartment Property

1317 Madison Street, Vermillion, SD 57069

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Multifamily property combining apartment and townhome residences with laundry equipment inside each unit.

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Student Housing Investment Opportunity
Student Housing Investment Opportunity

1001 N Dakota St, Vermillion, SD 57069

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Student housing near the University of South Dakota.

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Wakonda, SD Apartment Buildings Market Trends and Statistics

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

Sale prices for two-family homes in Wakonda, SD average $465,000 — 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 516
Population Growth (5Y) -30.8%
Median Household Income $70,893
College Educated 45.9%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
57073 $465K

Taxes & Financing

Tax Rate (average for all types) 2.45%
Property Tax per SF $39.08 per SF
Tax Rate vs County Average 0.36 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Clay County

New Delisted

Total CRE Inventory on Market (SF)

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