Furnished Multifamily Apartment
For Sale
$2,700,000
309 8th Ave SE, Watertown, SD 57201
Multifamily property with 45 modern furnished units offering short- or long-term leasing flexibility.
Property Size1 SF
Price / SF$2,700,000
Days on Market305
Property Features for 309 8th Ave SE
General Information
Standard status
Active
Size
1 SF
Additional Details
Business Included
Yes
Multifamily Units
45
Listing Agency:
eXp Realty
Listed By:
Todd Syhre · License #20428
(605) 880-1575
Source:
Expcommercial
Added: Dec 22, 2025
Changed: Oct 23
Last Checked: Oct 23 at 3:18AM
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 eXp Realty
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Investment Insights
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The Cottage Apartments is a multifamily apartment building featuring 45 modern units designed for comfort and flexibility. Suites are fully furnished and include amenities intended for turnkey living, such as a Smart TV, microwave, and mini-fridge. The property’s unit setup supports both short-term and long-term leasing arrangements.
Located at 309 8th Ave SE in Watertown, South Dakota, the building is positioned in the community with address-specific access for leasing and buyer due diligence. The offering is presented as a single multifamily asset for sale.
This property can fit tenants and operators seeking furnished apartment accommodations with in-unit convenience items already provided. For businesses or buyers evaluating management of either short-term stays or traditional longer-term tenancies, the current unit configuration is designed to accommodate both approaches. As with any investment or operating strategy, prospective parties should review unit mix, lease terms, and operating requirements during the underwriting and due diligence process.
Located at 309 8th Ave SE in Watertown, South Dakota, the building is positioned in the community with address-specific access for leasing and buyer due diligence. The offering is presented as a single multifamily asset for sale.
This property can fit tenants and operators seeking furnished apartment accommodations with in-unit convenience items already provided. For businesses or buyers evaluating management of either short-term stays or traditional longer-term tenancies, the current unit configuration is designed to accommodate both approaches. As with any investment or operating strategy, prospective parties should review unit mix, lease terms, and operating requirements during the underwriting and due diligence process.
Key Highlights
- Cottage Apartments in Watertown, SD: 45‑unit multifamily property
- Year built: 1948
- Units offer short‑term or long‑term leasing options
Property Analytics
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Lease Details
45
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
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Business Placement
Demographics for 57201, SD
26,091
Population
12,304
Households
2.1
Avg Household Size
39
Median Age
21%
College-Educated
92%
High-School Grad
319.1 sq mi
ZIP Area
82
Density / Sq Mi
$64,809
Median Household Income
$40,840
Median Earnings
$903
Median Rent
$223,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with 45 modern furnished units offering short- or long-term leasing flexibility.
Where is this apartment building located?
The property is located at 309 8th Ave SE Watertown, SD.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Cottage Apartments in Watertown, SD: 45‑unit multifamily property; Year built: 1948; Units offer short‑term or long‑term leasing options
