Residential Income Property For
For Sale
Contact for pricing
605 Main Ave, Lemmon, SD 57638
Five-unit residential building with renovation potential.
Property Size2,688 SF
Price / SF$31.44
Days on Market1311
Property Features for 605 Main Ave
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Multifamily
Building Details
Year Built
1930
Stories
2
Units
5
Listing Agency:
Coyote Country Realty
Listed By:
Ken Wilson · License #SD #15334
Source:
Crexi
Added: Jan 19, 2023
Changed: Aug 13
Last Checked: Aug 21 at 4:19PM
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 Coyote Country Realty
Investment Insights
Based on property information with market context.
This five-unit residential building includes four one-bedroom apartments, three of which are currently rented. There is also one unfinished two-bedroom garden apartment and one one-bedroom main floor apartment that requires renovation. The property size is 2688 square feet. This property presents an investment opportunity.
Key Highlights
- Potential for double‑digit ROI.
- Live in one unit and rent out the others to cover mortgage costs.
- Features four 1‑bedroom apartments, three currently rented.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 57638, SD
1,901
Population
1,119
Households
1.7
Avg Household Size
50
Median Age
22%
College-Educated
92%
High-School Grad
1,012.4 sq mi
ZIP Area
2
Density / Sq Mi
$58,672
Median Household Income
$32,062
Median Earnings
$625
Median Rent
$90,500
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 - Five-unit residential building with renovation potential.
Where is this apartment building located?
The property is located at 605 Main Ave Lemmon, SD.
What is the asking price?
The asking price for this property is $84,500.
What are key features of this property?
This property features: Potential for double‑digit ROI.; Live in one unit and rent out the others to cover mortgage costs.; Features four 1‑bedroom apartments, three currently rented.
