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    Watertown, SD
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    Watertown, SD Apartment Buildings for Sale

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    Goodwin, SD Lake Norden, SD Arlington, SD Estelline, SD
    New Apartment Building in Watertown
    Updated: Mar 11
    New Apartment Building in Watertown

    315 E Kemp Ave, Watertown, SD 57201

    Contact for pricing
    95,544 sqft
    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.
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    Furnished Multifamily Apartment Building
    Updated: Jun 25
    Furnished Multifamily Apartment Building

    309 8th Ave SE, Watertown, SD 57201

    $2,700,000
    Cottage Apartments in Watertown, SD: 45‑unit multifamily property
    Year built: 1948
    Units offer short‑term or long‑term leasing options
    Each fully furnished suite includes a Smart TV, microwave, and mini‑fridge
    View details
    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 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.

    Well-Maintained 5-Plex Apartment Building
    Well-Maintained 5-Plex Apartment Building

    2405-2416 Prairie Eagle Cir, Huron, SD 57350

    $599,900
    5,744 sqft 0.46 AC lot

    Single-level 5-plex with five units and individual garages, offering an income-producing multifamily setup in Huron.

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    Modern Multifamily Community in Sioux Falls
    Modern Multifamily Community in Sioux Falls

    950 N Cliff Ave, Sioux Falls, SD 57103

    $28,200,000
    215,169 sqft 11.26 AC lot

    179-unit apartment complex in Sioux Falls, South Dakota.

    View details
    Sioux Falls Multifamily Investment
    Sioux Falls Multifamily Investment

    1311 N Cleveland Ave, Sioux Falls, SD 57103

    $14,110,000
    107,368 sqft

    Garden-style apartment community in Sioux Falls, South Dakota.

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    Multifamily Property in Madison, SD
    Multifamily Property in Madison, SD

    210 Center Street West, Madison, SD 57042

    $2,500,000

    Former high school converted to multifamily with underground parking.

    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
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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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.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    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

    16 Kemp Ave, Watertown, SD 57201

    Value Estimation by Request
    9,700 sqft
    View details
    315 Kemp Ave
    Individual retail properties

    315 Kemp Ave, Watertown, SD 57201

    Value Estimation by Request
    95,962 sqft
    View details
    1 Kemp And 6 - 8
    Individual retail properties

    1 Kemp And 6 - 8, Watertown, SD 57201

    Value Estimation by Request
    52,642 sqft
    View details

    Watertown, SD Apartment Buildings Market Trends and Statistics

    Explore 5 apartment buildings for sale in Watertown, SD on our real estate platform. These investment opportunities span a total of 95,544 square feet of properties for sale, with an estimated market value of $2,700,000.

    Sale prices for two-family homes in Watertown, SD start at $0.00, averaging $1,350,000, and reaching up to $2,700,000 — 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 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 average listing prices of real estate assets

    Neighborhood Average Price
    57201 $1.5M

    Taxes & Financing

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

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