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    Watertown, SD Apartment Buildings for Sale

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    Goodwin, SD Arlington, SD Estelline, SD
    Historic Mixed-Use Building For Sale
    $359,900
    6,000 SF
    Historic Mixed-Use Building For Sale

    15 1st Ave SE, Watertown, SD 57201

    Mixed-use building with commercial tenants and residential apartments.
    • Prime downtown Watertown location.
    • Strong investment opportunity with built‑in income.
    • Two long‑term commercial tenants on the main level providing cash flow.
    • Two, 2 bed, 1 bath apartments on the upper floor.
    • Basement in incredible condition with income‑producing potential.
    Updated: Feb 17
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    New Apartment Building in Watertown
    Contact for pricing
    95,544 SF
    New Apartment Building in Watertown

    315 E Kemp Ave, Watertown, SD 57201

    63-unit apartment building, 90% complete, in Watertown, South Dakota.
    • Opportunity to acquire a 63‑unit apartment building in a growing city.
    • Brand new construction (Year Built: 2025), 90% complete.
    • Located in a desirable area of Watertown, South Dakota.
    • Proximate to restaurants, gyms, parks, and other community staples.
    • Excellent investment opportunity to finish construction and create a new community.
    Updated: Mar 11
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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Watertown, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 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.

    Multifamily Property with Historic Charm
    $899,900
    0.53 Acres
    Multifamily Property with Historic Charm

    Well-maintained 9-unit multifamily property with historic charm and modern updates.

    215 S 5th Street, Montevideo, MN 56265

    View details
    Madison Multifamily Investment Opportunity
    $980,000
    0.64 Acres
    Madison Multifamily Investment Opportunity

    24-unit apartment complex with recent updates in Madison, Minnesota.

    207 And 213 9th Avenue, Madison, MN 56256

    View details
    Montevideo Multifamily Investment Opportunity
    $924,900
    8,619 SF
    Montevideo Multifamily Investment Opportunity

    Nine-unit multifamily property in Montevideo's stable rental market.

    215 S 5th St, Montevideo, MN 56265

    View details
    Multifamily Property in Madison, SD
    $2,500,000
    Multifamily Property in Madison, SD

    Former high school converted to multifamily with underground parking.

    210 Center Street West, Madison, SD 57042

    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.

    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
    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
    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

    Off-Market Properties in Watertown, SD

    Consider similar Off-Market properties in Watertown, 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.

    16 Kemp Ave
    Restaurants
    9,700 SF
    Value Estimation by Request

    16 Kemp Ave, Watertown, SD 57201

    View details
    315 Kemp Ave
    Individual retail properties
    95,962 SF
    Value Estimation by Request

    315 Kemp Ave, Watertown, SD 57201

    View details
    1 Kemp And 6 - 8
    Individual retail properties
    52,642 SF
    Value Estimation by Request

    1 Kemp And 6 - 8, Watertown, SD 57201

    View details

    Watertown, SD Apartment Buildings Investment Opportunities Market Analysis

    Explore 5 apartment buildings for sale in Watertown, SD on our real estate platform. These investment opportunities span a total of 6,000 square feet of properties for sale, with an estimated market value of $359,900.

    Sale prices for two-family homes in Watertown, SD start at $359,900, averaging $359,900, and reaching up to $359,900 — 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 26K
    Population Growth (5Y) +4.3%
    Median Household Income $64,809
    College Educated 27.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57201 $359.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.34%
    Average Loan-to-Value 65.0%

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