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Two-Story Boarding Home 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 Market360

Property Features for 113 3rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Rooms Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 2
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 Forced Air, Propane (Heating)
Cooling system Evaporative Cooling

Amenities

on-site laundry

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: Aug 19 Last Checked: Aug 20 at 11:06AM
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 two-story, frame apartment boarding home is laid out as a tenant-used residence with a total of seven bedrooms. The main level includes a kitchen, dining, laundry room, living room, three bedrooms, and 1 1/2 baths, along with a back porch. The upper level provides four additional bedrooms and one shared bath.

The property sits on three city lots and includes a 2-car garage measuring 24x28 with a concrete floor, plus a shed. Forced air heating is provided via propane, with evaporative cooling. The main level laundry is open for tenants to use as available.

Seller improvements include a furnace that is one year old, electrical updates in many areas with several electrical panels, and a water heater of approximately 50 gal installed in 2020. Most woodwork is original, and the home features a back porch and paved street exterior setting. The property is located close to Main Street.

Key Highlights

  • Seven‑bedroom two‑story boarding home with main‑level tenant laundry access
  • Three city lots
  • 2‑car garage 24x28 with concrete floor plus shed

Property Analytics

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

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 - Two-story, frame boarding home with seven bedrooms, main-level tenant laundry access, and propane forced-air heat with evaporative cooling.
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: Seven‑bedroom two‑story boarding home with main‑level tenant laundry access; Three city lots; 2‑car garage 24x28 with concrete floor plus shed
More about this property
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