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Two-Story Apartment Building
For Sale
$110,000

113 3rd Street, Newell, SD 57760

MULTI-FAMILY, 2 Story, Newell, SD

Property Size2,600 SF
Lot Size0.26 Acres
Price / SF$42.31
Days on Market382

Property Features for 113 3rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Rooms Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking features Garage
Exterior features Shed, Paved Street
Elementary school district Newell
Middle school district Newell
High school district Newell
Directions Take Dartmouth Ave. turn East and go 2.5 blocks property is located on South Side. There is an alley behind the garage to view the North side of property look for sign on Right side.
Subdivision Newell
Standard status Active
Size 2,600 SF
Lot size 0.26 Acres

Utilities

Heating system Propane (Heating), Forced Air
Cooling system Evaporative Cooling

Amenities

laundry room
back porch

Building Details

Year built 1920
Floors in Building 2
Number of units 8
Building materials Frame
Architectural style Other
Listing Agency: RE/MAX In The Hills · RE/MAX International
Listed By: Bud Hannah · License #12031
Added: Aug 26, 2025 Changed: Sep 4 Last Checked: Sep 11 at 12:06AM
MLS# 85843

Copyright © 2026 Mt. Rushmore Area Association 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.

This 2,600-square-foot, two-story residential property was built in 1920 and includes seven bedrooms. The main level contains a kitchen, dining area, living room, laundry room, three bedrooms, 1 1/2 baths, and a back porch. Four additional bedrooms and one shared bath are located upstairs. Tenants can use the main-level laundry area as available.

The property sits on 0.26 acres across three city lots in Newell, near Main Street. A detached 24-by-28-foot, two-car garage provides paved access and a concrete floor, with an additional shed on the site. Heating includes forced air with propane service; the primary furnace is approximately one year old, while the second level has a wall furnace. The water heater is approximately 50 gallons and dates to 2020. Electrical updates have been completed in many areas, with several electrical panels in place.

Key Highlights

  • 2,600‑square‑foot, two‑story residential property with 7 bedrooms
  • 0.26 acres across 3 city lots in Newell
  • Detached 24‑by‑28‑foot, 2‑car garage with concrete floor

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Catering Service Butcher Veterinary Clinic Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

87
Businesses Nearby

Demographics for 57760, SD

1,248
Population
601
Households
2.1
Avg Household Size
46
Median Age
23%
College-Educated
89%
High-School Grad
991.7 sq mi
ZIP Area
1
Density / Sq Mi
$53,750
Median Household Income
$27,906
Median Earnings
$1,067
Median Rent
$144,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven-bedroom residential property with shared living areas, laundry access, and a detached garage.
Where is this apartment building located?
The property is located at 113 3rd Street Newell, SD.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 2,600‑square‑foot, two‑story residential property with 7 bedrooms; 0.26 acres across 3 city lots in Newell; Detached 24‑by‑28‑foot, 2‑car garage with concrete floor
More about this property
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