Stabilized Two-Building Apartment
1000-1008 S Crawford Rd Vermillion, SD 57069
For Sale
$2,080,000
MULTI_FAMILY - Vermillion, SD
Lot Size0.72 Acres
Days on Market68
Property Features for 1000-1008 S Crawford Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Standard status
Active
APN
15660-00600-040-00
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 4 BLK 6 RIDGECREST 7TH; LOT 4 BLK 6 RIDGECREST 7TH
Tax Annual Amount
23908
Building Details
Year built
1979
Number of units
24
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: May 22
Changed: Jul 22
Last Checked: Jul 28 at 3:06PM
MLS# 833070
Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Crawford Rising Apartments is a stabilized 24-unit multifamily property comprising two buildings on 0.72 acres. The unit mix includes 22 two-bedroom, one-bath residences and 2 one-bedroom, one-bath residences. Public remarks indicate the property is nearly fully renovated and 100% occupied.
The offering is located at 1000–1008 S Crawford Rd in Vermillion, South Dakota (Clay County). The remarks cite consistent demand tied to the University of South Dakota and the surrounding region.
According to the provided materials, the current NOI is $145,553 with pro forma NOI of $162,370, and the stated cap rate is 7.00%. The listing also notes limited capital needs and that rents are currently below market.
The offering is located at 1000–1008 S Crawford Rd in Vermillion, South Dakota (Clay County). The remarks cite consistent demand tied to the University of South Dakota and the surrounding region.
According to the provided materials, the current NOI is $145,553 with pro forma NOI of $162,370, and the stated cap rate is 7.00%. The listing also notes limited capital needs and that rents are currently below market.
Key Highlights
- 24‑unit multifamily property in Vermillion, South Dakota, built in 1979
- 100% occupied; supported by consistent demand from the University of South Dakota and surrounding region
- Nearly fully renovated with limited capital needs reported
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 24-unit multifamily property with two buildings and a near-complete renovation history.
Where is this apartment building located?
The property is located at 1000-1008 S Crawford Rd Vermillion, SD.
What is the asking price?
The asking price for this property is $2,080,000.
What are key features of this property?
This property features: 24‑unit multifamily property in Vermillion, South Dakota, built in 1979; 100% occupied; supported by consistent demand from the University of South Dakota and surrounding region; Nearly fully renovated with limited capital needs reported
