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22-Unit Apartment Property
For Sale
$750,000

311 Deadwood Street, Fort Pierre, SD 57532

Two buildings combine market-rate apartments with senior/HAP housing in Fort Pierre.

Property SizeContact for details
Days on Market108

Property Features for 311 Deadwood Street

General Information

Standard status Active
Net Rentable 14,708 SF
Property subtype Multifamily

Financials

Asking Price $750,000
Cap Rate 8.84%
Average Monthly Rent $844

Units

Unit Mix 10 x 1BR/1BA, 10 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units 22

Building Details

Year Built 1982
Buildings 2
Listing Agency:
Listed By: Clark Matthews
Source: Cbre
Added: May 16 Changed: Aug 30 Last Checked: Aug 30 at 2:07PM

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.

This Fort Pierre apartment property comprises two buildings totaling 22 units and 14,708 rentable square feet. The unit mix includes 10 one-bedroom, one-bath units; 10 two-bedroom, one-bath units; and two three-bedroom, one-bath units. Built in 1982, the buildings range from one to two stories and provide surface parking.

The property includes 12 market-rate apartments and 10 senior/HAP units. The two buildings are located on North Deadwood Street in Fort Pierre, South Dakota, and are offered as individual properties or together as a portfolio. The apartment configuration includes an average unit size of 669 SF.

Key Highlights

  • 22 units across 2 buildings
  • 12 market‑rate units and 10 senior/HAP units
  • Unit mix: 10‑1BR/1BA, 10‑2BR/1BA, and 2‑3BR/1BA

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Building Supply (Bike/Boat/Book/etc) Store Hair Salon Bakery HVAC Service

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

22
Residential units

Location Intelligence

Trade Area within ½ mile

178
Businesses Nearby

Demographics for 57532, SD

2,832
Population
1,405
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
1,292.1 sq mi
ZIP Area
2
Density / Sq Mi
$81,513
Median Household Income
$44,713
Median Earnings
$896
Median Rent
$174,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Two buildings combine market-rate apartments with senior/HAP housing in Fort Pierre.
Where is this apartment building located?
The property is located at 311 Deadwood Street Fort Pierre, SD.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 22 units across 2 buildings; 12 market‑rate units and 10 senior/HAP units; Unit mix: 10‑1BR/1BA, 10‑2BR/1BA, and 2‑3BR/1BA
More about this property
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