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Up-and-Down Duplex
For Sale
$300,000

101 E State St, Martin, SD 57551

Two-level duplex currently used for short-term rentals, with separate residential units and individual laundry equipment.

Property SizeContact for details
Days on Market51

Property Features for 101 E State St

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

stackable washer & dryer
window A/C
cove heat

Building Details

Year Built 1960
Buildings 1
Listing Agency: Black Hills Realty
Listed By: Brittni Bjorum, Realtor & Megan Hildebra
Source: Realestateblackhillssd
Added: Sep 4 Changed: Oct 23 Last Checked: Oct 23 at 6:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Black Hills Realty

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Investment Insights

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Built in 1960, this up-and-down duplex includes two residential units, each measuring 792 square feet with two bedrooms and one bathroom. Both units are equipped with stackable washers and dryers, window air conditioning, and cove heating. The property is currently operated as Airbnb rentals, and furnishings may be included.

The duplex is located at 101 E State St in Martin, South Dakota. It currently shares a lot with another home; the seller will re-plat the parcel with an acceptable offer, resulting in a lot of less than 1 acre. Financial information is available upon request.

Key Highlights

  • Two‑unit up‑and‑down duplex at 101 E State St, Martin, SD 57551
  • Each unit contains 792 square feet, 2 bedrooms, and 1 bathroom
  • Currently operated as Airbnb rentals

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1
Businesses Nearby

Demographics for 57551, SD

2,232
Population
917
Households
2.4
Avg Household Size
35
Median Age
29%
College-Educated
97%
High-School Grad
753.1 sq mi
ZIP Area
3
Density / Sq Mi
$52,500
Median Household Income
$42,961
Median Earnings
$734
Median Rent
$138,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two-level duplex currently used for short-term rentals, with separate residential units and individual laundry equipment.
Where is this duplex located?
The property is located at 101 E State St Martin, SD.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit up‑and‑down duplex at 101 E State St, Martin, SD 57551; Each unit contains 792 square feet, 2 bedrooms, and 1 bathroom; Currently operated as Airbnb rentals
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