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    Florence, SD Goodwin, SD Lake Norden, SD Arlington, SD Estelline, SD Clear Lake, SD
    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
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 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.

    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
    15-Unit Apartment Building
    15-Unit Apartment Building

    121-123 W 6th Ave, Mitchell, SD 57301

    $1,200,000
    11,280 sqft 0.11 AC lot

    Fully leased multifamily property with refreshed building systems and landlord-paid gas and water.

    View details
    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.

    View details
    Historic Mixed-Use Building in Mitchell
    Historic Mixed-Use Building in Mitchell

    117 East 3rd Avenue, Mitchell, SD 57301

    $1,375,000
    51,600 sqft

    Mixed-use property with income potential in downtown Mitchell.

    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

    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 4 apartment buildings for sale in Watertown, SD on our real estate platform. These investment opportunities span a total of 45,039 square feet of properties for sale.

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    Demographics Overview

    Population 26K
    Population Growth (5Y) +4.3%
    Median Household Income $64,809
    College Educated 27.5%

    Taxes & Financing

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

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