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Vermillion Multifamily Property with Expansion Potential

216-216 1/2 High, Vermillion, SD 57069

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For Sale

$199,900

MULTI_FAMILY - Vermillion, SD

Property size:

1,676 SF

Lot size:

0.35 Acres

Price / SF:

$119/SF

HighLights

Two‑lot property with a front 2‑story 4‑bed, 2‑bath home plus a separate 1‑bed, 1‑bath cottage
Front house (216): 4 bedrooms, 2 baths, unfinished basement, attached shed, and enclosed front porch plus open back porch
Front house features mostly newer windows; includes 2 furnaces and central air
Front house rent is $1,675/mo (owner pays utilities); rented until 5/31/26
Back house (216 1/2): 1‑bed, 1‑bath cottage renting for $525/mo; tenant pays all utilities
Plenty of extra parking and room on the lot for a garage; close to schools, downtown, and a park

We can help!

Listing Contact

Barbara Iacino

For Sale

$199,900

MULTI_FAMILY - Vermillion, SD

Property size:

1,676 SF

Lot size:

0.35 Acres

Price / SF:

$119/SF

Added:: Feb 10, 2026
Days on Market:: 124
Last Refresh:: Jun 14 at 10:06 am

Property Features for 216-216 1/2 High

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: res
Bedrooms: 5
Bathrooms: 3
Rooms: Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
Standard status: Active
APN: 15720-05100-04000
Size: 1,676 SF
Lot size: 0.35 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: lots 3 and 4 , blk 51 (2 houses) Snyders
Tax Annual Amount: 4601

Utilities

Heating system: Forced Air
Cooling system: Window Unit(s), Central Air

Building Details

Year built: 1887
Number of units: 2

We can help!

Listing Contact

Barbara Iacino

Listing agent Barbara Iacino

Listing office Dakota Realty 125 E Cherry, Vermillion, SD

Listing date Feb 10, 2026

MLS# 831750 Listing URL

Copyright © 2026 Northwest Iowa Regional Board 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.

HighLights

Two‑lot property with a front 2‑story 4‑bed, 2‑bath home plus a separate 1‑bed, 1‑bath cottage
Front house (216): 4 bedrooms, 2 baths, unfinished basement, attached shed, and enclosed front porch plus open back porch
Front house features mostly newer windows; includes 2 furnaces and central air
Front house rent is $1,675/mo (owner pays utilities); rented until 5/31/26
Back house (216 1/2): 1‑bed, 1‑bath cottage renting for $525/mo; tenant pays all utilities
Plenty of extra parking and room on the lot for a garage; close to schools, downtown, and a park

Overview

This multifamily property, situated on two lots, offers potential for expansion. The front house (216) is a two-story structure featuring four bedrooms and two bathrooms, along with an unfinished basement and attached shed. Newer windows have been installed in most of the house. It includes two furnaces, an enclosed front porch, and an open back porch. The current rent is $1675 per month, with the owner covering utilities. The lease extends until May 31, 2026. The back house (216 1/2) is a cottage with one bedroom and one bathroom, renting for $525 per month. The tenant is responsible for all utilities. The property provides ample parking space and room on the lot for a garage. It is located close to schools, downtown, and a park. The lot size is 0.3457 acres, and the property size is 1676 square feet.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Vermillion
County: Clay
State: South Dakota
Longitude: -96.935441
Latitude: 42.782046

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For sale
Duplexes
SD
Vermillion
57069
216-216 1/2 High

What type of property is this?

Duplex - Multifamily property on two lots near schools and downtown.

Where is this duplex located?

The property is located at 216-216 1/2 High Vermillion, SD.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: Two‑lot property with a front 2‑story 4‑bed, 2‑bath home plus a separate 1‑bed, 1‑bath cottage; Front house (216): 4 bedrooms, 2 baths, unfinished basement, attached shed, and enclosed front porch plus open back porch; Front house features mostly newer windows; includes 2 furnaces and central air

216-216 1/2 High, Vermillion, SD 57069

MULTI_FAMILY - Vermillion, SD

Property Features for 216-216 1/2 High

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Tenant Office Building

Stabilized 24-Unit Apartment Building

Steel Industrial Storage Building

Up-Down Duplex with Separate Utilities

Leased Tea Shop Business Opportunity

Corner Lot Bar and Casino

Versatile Commercial Property For Sale

Vermillion Multifamily Investment Opportunity

Fully Leased Apartment and Townhome

Student Housing Portfolio Opportunity

Student Housing Investment Opportunity

Vermillion Retail Building For Sale

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