1000-1008 S Crawford Rd, Vermillion, SD 57069
MULTI_FAMILY - Vermillion, SD
- Added:
- May 22, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 7 at 12:06 am
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 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
- 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 agent Nic Madsen (712) 540-6562
Listing office Gateway Real Estate Advisors 700 Nebraska St, Dakota Dunes, SD (712) 226-8000
Listing date May 22, 2026
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.
HighLights
- Stabilized 24‑unit multifamily in Vermillion, SD, built in 1979
- 100% occupied with consistent tenant demand tied to the University of South Dakota
- Two buildings on 0.72 acres with a unit mix of 22 two‑bedroom/one‑bath and 2 one‑bedroom/one‑bath units
- Nearly fully renovated and supported by current and pro forma income
- Offered at $2,080,000 with 7.00% cap rate; current NOI $145,553 and pro forma NOI $162,370
Overview
The buildings are provided at 1000–1008 S Crawford Rd in Vermillion, Clay County. Public remarks indicate the property’s occupancy is supported by consistent demand connected to the University of South Dakota and the broader surrounding region.
For investors or operators, this asset is positioned as an income-producing property with current NOI of $145,553 and pro forma NOI of $162,370, based on the information provided. The current underwriting is supported by the stated $2,080,000 asking price and a 7.00% cap rate. Public remarks also note rents are currently below market and that capital needs are limited, which may appeal to buyers looking for a stabilized multifamily platform with room to adjust rents over time, subject to available execution and management.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Vermillion
- County
- Clay
- State
- South Dakota
- Longitude
- -96.909584
- Latitude
- 42.769971
