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    Hot Springs, SD Apartment Buildings for Sale

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    Hot Springs Multifamily Investment Property
    $1,250,000

    Hot Springs Multifamily Investment Property

    1601 Evanston Ave Ave, Hot Springs, SD 57747

    Section 8 multifamily property in Hot Springs, South Dakota.

    • 100% Project‑Based Section 8 rental subsidy with a contract expiring April 30, 2040.
    • Above‑Average Management Occupancy Review (MOR) as of July 2025.
    • Features a mix of unit sizes: four 1‑bedroom, twelve 2‑bedroom, and four 3‑bedroom units.
    • Potential opportunity to assume the existing HOME loan, subject to SDHDA approval.
    • Property amenities include off‑street parking, two laundry rooms, and a playground with a new fence (installed October 2025).
    Last Update: Nov 15
    View details
    Historic Hot Springs Mixed-Use Building
    $950,999
    10,395 SF

    Historic Hot Springs Mixed-Use Building

    401 N River St, Hot Springs, SD 57747

    Exceptional historic building with retail, residential, and garage spaces.

    • Largest and most exceptional historic sandstone building for sale in Hot Springs.
    • Prime location on N River Street with high retail traffic.
    • Substantial 10,395 square feet including retail space, loft apartment, and two large garages.
    • Complete overhaul in 2021 with new electrical, plumbing, flooring, paint, and fixtures.
    • New roof installation and roof repairs scheduled to begin in April/May 2023.
    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Hot Springs, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

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

    Commercial Building with Living Quarters
    $783,800
    2,364 SF

    Commercial Building with Living Quarters

    Well-maintained commercial building with rental options and living space.
    1100 Mt. Rushmore Rd, Custer, SD 57730
    View details
    Custer Flats: Renovated Apartment Complex
    $1,650,000
    9,800 SF

    Custer Flats: Renovated Apartment Complex

    Thirteen-unit apartment complex in Custer, SD, fully renovated and leased.
    437 Montgomery St, Custer, SD 57730
    View details
    Rapid City Multifamily Investment Opportunity
    $1,625,000

    Rapid City Multifamily Investment Opportunity

    Well-maintained 12-unit complex in growing Rapid City, South Dakota.
    123 E Nowlin St, Rapid City, SD 57701
    View details
    Rapid City Multifamily Investment Opportunity
    $825,000

    Rapid City Multifamily Investment Opportunity

    Well-maintained six-unit complex in growing Rapid City.
    201 E Nowlin St, Rapid City, SD 57701
    View details

    Hot Springs, SD Apartment Buildings Investment Opportunities Market Analysis

    Explore 2 apartment buildings for sale in Hot Springs, SD on our real estate platform. These investment opportunities span a total of 46,696 square feet of properties for sale, with an estimated market value of $2,200,999.

    Prices for two-family homes in Hot Springs, SD start at $0.00, averaging $733,666, and reaching up to $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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