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    510 N 5Th St Beresford, SD 57004

    For Sale
    $1,350,000

    Fully leased multifamily property with recent renovations and garage stalls.

    Property size:
    14,516 SF

    Property Features for 510 N 5Th St

    General Information

    Size
    14,516 SF

    Building Details

    Year built
    1974

    Source: Marcus Benson Agent Marcus Benson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Investment Opportunity

    This multifamily property consists of two eight-plex buildings, totaling 16 units. Constructed in 1974, the buildings have a combined size of 14,516 square feet. Each building features two floors and eight garage stalls. Recent renovations include a new roof, exterior paint, new common area flooring, and painted siding. Common area laundry facilities are available. The property is currently 100% occupied. The owner is responsible for water and sewage expenses, while tenants cover electric costs.
    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 Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Beresford
    County
    Union
    State
    South Dakota
    Longitude
    -96.7767177
    Latitude
    43.0854449

    Nearby Similar for Sale

    • $2,950,000
      36,900 SF

      Modern Industrial Facility Near I-29

      36,900 SF industrial facility on 8.5 acres near I-29.
      501 N 16Th St, Beresford, SD 57004
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully leased multifamily property with recent renovations and garage stalls.
    Where is this apartment building located?
    The property is located at 510 N 5Th St Beresford, SD.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Fully Leased: 100% Occupancy Rate ensures immediate rental income.; - Two Eight-Plexes: A total of 16 units offers substantial investment potential.; - Recent Renovations: New roof, exterior paint, common area flooring, and painted siding.
    (605) 403-0333
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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
    510 N 5Th St Beresford, SD 57004
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