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9-Cabin Multifamily Property
New
For Sale
$449,900

301 Line Rd, Box Elder, SD 57719

Existing occupants hold month-to-month rental agreements, while two cabins are gutted for renovation.

Property SizeContact for details
Days on Market4

Property Features for 301 Line Rd

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 9

Building Details

Year Built 1949
Buildings 9
Listing Agency: RE/MAX ADVANTAGE
Listed By: Stephanie Nesselhuf · License #2592
Source: Willdixonrealestate
Added: Aug 17 Changed: Aug 18 Last Checked: Aug 19 at 5:20AM

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 RE/MAX ADVANTAGE

Investment Insights

Based on property information with market context.

This multifamily property consists of nine separate cabin structures built in 1949. One cabin has two levels, while the other structures are arranged for single-level living. Cabins 6 and 7 have been gutted and are positioned for renovation. Lot 3 is currently without a structure, adding an undeveloped component to the property. The sale is offered AS-IS, WHERE-IS, with no seller repairs.

The remaining cabins are occupied by tenants under month-to-month rental agreements, providing an existing rental component alongside the unfinished cabins. The property is located at 301 Line Rd in Box Elder, South Dakota. Buyers and their agents should independently verify measurements, condition, zoning, permitted uses, and rental information.

Key Highlights

  • Nine separate cabin structures on the property
  • One two‑story cabin; remaining cabins feature single‑level living
  • Cabins 6 and 7 are gutted and ready for renovation

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Parts Store (Bike/Boat/Book/etc) Store Electrical Service Barber Shop

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

50
Businesses Nearby

Demographics for 57719, SD

11,326
Population
4,707
Households
2.4
Avg Household Size
31
Median Age
27%
College-Educated
94%
High-School Grad
167.4 sq mi
ZIP Area
68
Density / Sq Mi
$74,936
Median Household Income
$38,513
Median Earnings
$1,212
Median Rent
$275,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Existing occupants hold month-to-month rental agreements, while two cabins are gutted for renovation.
Where is this multifamily property located?
The property is located at 301 Line Rd Box Elder, SD.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Nine separate cabin structures on the property; One two‑story cabin; remaining cabins feature single‑level living; Cabins 6 and 7 are gutted and ready for renovation
More about this property
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