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    Watertown, SD Apartment Buildings for Sale

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    Florence, SD Goodwin, SD Estelline, SD Lake Norden, SD Clear Lake, SD
    Furnished Multifamily Apartment Building
    Updated: Dec 22, 2025
    Furnished Multifamily Apartment Building

    309 8th Ave SE, Watertown, SD 57201

    $2,700,000
    1 sqft
    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
    22-Unit Mixed-Use Property
    Updated: Nov 26, 2025
    22-Unit Mixed-Use Property

    114 -122 E Kemp Ave, Watertown, SD 57201

    Contact for pricing
    45,039 sqft
    22 total units combining commercial storefronts and residential apartments
    Long‑term tenants include Gather Coffee, Watertown Confectionary, Diamond Vogel, the local newspaper, and a tuxedo shop
    Unfinished basement offers additional space for future expansion
    Located at 114 -122 E Kemp Ave in downtown Watertown, SD
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 9 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

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    5-Unit Apartment Building
    5-Unit Apartment Building

    2405-2416 Prairie Eagle Cir, Huron, SD 57350

    $579,900
    5,744 sqft 0.46 AC lot

    Five residences offer two-bedroom layouts, private garages, and current occupancy across the property.

    View details
    10-Unit Apartment Building
    10-Unit Apartment Building

    255 2nd St SW, Huron, SD 57350

    $549,900
    20,056 sqft 0.34 AC lot

    Two-story multifamily property with mixed one- and two-bedroom residences, lower-level storage, and shared laundry facilities.

    View details
    24-Unit Apartment Property
    24-Unit Apartment Property

    207 And 213 9th Ave, Madison, MN 56256

    $980,000
    23,968 sqft

    Two buildings offer a mix of one- and two-bedroom residences, with coin-operated laundry on site.

    View details
    24-Unit Apartment Property
    24-Unit Apartment Property

    207 and 213 9th Avenue, Madison, MN 56256

    $980,000
    0.64 AC lot

    Two buildings provide main- and upper-level residences, outdoor areas, and coin-operated laundry.

    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

    16 Kemp Ave, Watertown, SD 57201

    Estimated value: by Request
    9,700 sqft
    View details
    315 Kemp Ave
    Individual retail properties

    315 Kemp Ave, Watertown, SD 57201

    Estimated value: by Request
    95,962 sqft
    View details
    1 Kemp And 6 - 8
    Individual retail properties

    1 Kemp And 6 - 8, Watertown, SD 57201

    Estimated value: 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 45,040 square feet of properties for sale, with an estimated market value of $2,700,000.

    Sale prices for apartment complexes in Watertown, SD average $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 $2.7M

    Taxes & Financing

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

    How Realmo verifies these figures

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    • 57201

    Featured Watertown Real Estate Agencies

    Realmo connects you with licensed Watertown CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    SoDak Realty LLC
    13 9th Ave SE Pelican, SD
    Phone: (605) 868-2851
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