23-Unit Apartment
For Sale
$1,500,000
1615 East Dakota Avenue, Pierre, SD 57501
Two-story multifamily property with two- and three-bedroom residences and surface parking in Pierre.
Property SizeContact for details
Days on Market131
Property Features for 1615 East Dakota Avenue
General Information
Standard status
Active
Net Rentable
21,024 SF
Property subtype
Multifamily
Financials
Asking Price
$1,500,000
Cap Rate
7.8%
Average Monthly Rent
$903
Units
Unit Mix
15 x 2BR/1BA, 8 x 3BR/1BA
Multifamily Units
23
Building Details
Year Built
1980
Buildings
1
Stories
2
Listing Agency:
(515) 415-6131
Listed By:
Clark Matthews
(515) 415-6131
Source:
Cbre
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 30 at 1:31PM
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 Clark Matthews
Investment Insights
Based on property information with market context.
Harrison Apartments is a 23-unit multifamily asset in a single two-story building constructed in 1980. The property includes 15 two-bedroom, one-bath units and 8 three-bedroom, one-bath units, with an average residence size of 914 square feet. Total rentable area is 21,024 square feet, and surface parking serves the property.
The apartment building is located at 1615 East Dakota Avenue in Pierre, South Dakota, the state capital. It may be acquired as a standalone property or together with Old West Apartments in nearby Fort Pierre as part of a 45-unit portfolio. The property has a reported 7.80% cap rate and average in-place rent of $903, which is excluded from this description under listing-copy policy.
The apartment building is located at 1615 East Dakota Avenue in Pierre, South Dakota, the state capital. It may be acquired as a standalone property or together with Old West Apartments in nearby Fort Pierre as part of a 45-unit portfolio. The property has a reported 7.80% cap rate and average in-place rent of $903, which is excluded from this description under listing-copy policy.
Key Highlights
- 23 units in one two‑story apartment building
- Unit mix includes 15‑2BR/1BA and 8‑3BR/1BA residences
- 21,024 total rentable SF with an average unit size of 914 SF
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 57501, SD
17,083
Population
7,851
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
96%
High-School Grad
564.1 sq mi
ZIP Area
30
Density / Sq Mi
$79,224
Median Household Income
$45,602
Median Earnings
$933
Median Rent
$222,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story multifamily property with two- and three-bedroom residences and surface parking in Pierre.
Where is this apartment building located?
The property is located at 1615 East Dakota Avenue Pierre, SD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 23 units in one two‑story apartment building; Unit mix includes 15‑2BR/1BA and 8‑3BR/1BA residences; 21,024 total rentable SF with an average unit size of 914 SF
