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    480 Jersey Ave NE Huron, SD 57350

    For Sale
    $3,500,000

    Multi Family, 2 Story - Huron, SD

    Type:Multi Family
    Property size:
    30,624 SF
    Days on Market:
    89
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 480 Jersey Ave NE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R-4
    Interior features
    Garage Door Opener, Sprinkler System, Sump Pump
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer, Water - Softener
    Size
    30,624 SF

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1993
    Floors in Building
    2
    Architectural style
    Other

    COLDWELL BANKER ACTION RL (605) 352-5100

    Listing agent Phelan Stahl (605) 352-5100 License #11735

    Listing date Sep 18, 2025

    MLS# 25-224 Listing URL

    Copyright © 2025 Huron 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.

    Overview

    Huron Multifamily Investment Opportunity

    The Buhl Apartments, located at 1075 4th St NE, 440 & 480 Jersey NE, Huron, SD 57350, offer a multifamily investment opportunity. The property includes eleven 50x150 bare lots, providing ample room for constructing additional apartments. The complex features full occupancy and an estimated cap rate of 8.28%. Constructed in 1995 (1075 4th St NE), 1992 (440 Jersey NE), and 1993 (480 Jersey NE), the property consists of thirty-one 2-bedroom and five 1-bedroom apartments. Personal property included with the sale includes 36 ranges, 36 refrigerators, 36 dishwashers, 36 garages with garage door openers, 3 water softeners, all window coverings, and 6 coin-operated washer and dryer units. At the 1075 4th St NE building, each unit has its own water heater, and tenants are responsible for heating their water. At the 440 & 480 Jersey NE buildings, the owner covers the cost of heating the water. All buildings have had new siding installed within the last 3 years. The buildings at 440 & 480 Jersey NE have new steel roofs, and new windows have been installed at 440 Jersey NE. The property is zoned R-4 and has a total size of 30624 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huron
    County
    Beadle
    State
    South Dakota
    Longitude
    -98.19901
    Latitude
    44.371352

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    FAQs

    What type of property is this?
    Apartment building - 36-unit apartment complex with expansion potential in Huron, South Dakota.
    Where is this apartment building located?
    The property is located at 480 Jersey Ave NE Huron, SD.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Full occupancy with an estimated 8.28% cap rate.; - Features 36 apartments (31 two-bedroom & 5 one-bedroom).; - 11 additional bare lots (50x150) offer potential expansion.
    (605) 352-5100
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    Huron, SD 57350
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    480 Jersey Ave NE Huron, SD 57350
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