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8-Unit Apartment Building

302 3rd, Mc Laughlin, SD 57642

For Sale
$265,000

The property combines one- and two-bedroom apartments, with one unit vacant when the listing was created.

Property Size12,000 SF
Price / SF$22.08
Days on Market11

Property Features for 302 3rd

General Information

Standard status Active
Size 12,000 SF
Property subtype Multi Family Home

Units

Unit Mix 5 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units 8

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $500

Amenities

Style: Apartment Style
11
8.00
8
Apartment Style

Building Details

Year Built 1979
Listing Agency: CENTURY 21 Morrison Realty
Listed By: Maggie Newhouse · License SD #10777
Source: Clearwaterproperties
Added: Nov 3 Changed: Nov 12 Last Checked: Nov 12 at 7:25AM

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 CENTURY 21 Morrison Realty

Rey
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Investment Insights

Based on property information with market context.

This 12,000-square-foot apartment property contains eight units: five have one bedroom and one bathroom, while three have two bedrooms and one bathroom. Built in 1979, the building offers two apartment layouts within a single property.

One unit was vacant when the listing was created; the other seven were not identified as vacant at that time.

Key Highlights

  • Eight apartments in one building
  • Five 1‑bedroom/1‑bathroom units and three 2‑bedroom/1‑bathroom units
  • 12,000 square feet

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

106
Businesses Nearby

Demographics for 57642, SD

1,884
Population
662
Households
2.8
Avg Household Size
30
Median Age
21%
College-Educated
85%
High-School Grad
693.3 sq mi
ZIP Area
3
Density / Sq Mi
$56,528
Median Household Income
$37,500
Median Earnings
$496
Median Rent
$78,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The property combines one- and two-bedroom apartments, with one unit vacant when the listing was created.
Where is this apartment building located?
The property is located at 302 3rd Mc Laughlin, SD.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Eight apartments in one building; Five 1‑bedroom/1‑bathroom units and three 2‑bedroom/1‑bathroom units; 12,000 square feet
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