Building Details

Building Size 7,040 SF

Year Built 1975

Year Renovated 2026

Listed By: Tara Portillo Show Phone

Source: Yanktonhomefinder.idxbroker

Added: Jul 9 Changed: Oct 3 Last Checked: Oct 5 at 3:14PM

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Investment Insights

Based on property information with market context.

This 8-unit multifamily building offers a mix of seven 2-bedroom units and one 1-bedroom unit. The property includes off-street parking and on-site coin-operated laundry for resident convenience. A new pitched roof was completed in Spring 2026.

The owner covers water, sewer, and common area electrical costs, while tenants are responsible for their own electric, cable, and internet services.

Financial details are available for pre-qualified buyers, and a private tour can be scheduled to review the property firsthand.

Key Highlights

• 8‑unit multifamily building built in 1975 in Wakonda, SD
• Unit mix includes seven 2‑bedroom units and one 1‑bedroom unit
• Off‑street parking for residents

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store Computer & Electronic Repair Auto Repair Shop Real Estate Agency Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8

Residential units

Location Intelligence

Trade Area within ½ mile

Explore this area Business Placement

Demographics for 57073, SD

610

Population

228

Households

2.7

Avg Household Size

50

Median Age

32%

College-Educated

96%

High-School Grad

69.4 sq mi

ZIP Area

9

Density / Sq Mi

$70,893

Median Household Income

$43,750

Median Earnings

$644

Median Rent

$113,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - Eight-unit multifamily property with off-street parking and on-site coin-operated laundry.

Where is this apartment building located?

The property is located at 611 1st St Wakonda, SD.

What is the asking price?

The asking price for this property is $465,000.

What are key features of this property?

This property features: 8‑unit multifamily building built in 1975 in Wakonda, SD; Unit mix includes seven 2‑bedroom units and one 1‑bedroom unit; Off‑street parking for residents