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    415 Lincoln St Aberdeen, SD 57401

    Sponsored
    For Sale
    $199,900

    Historic 4-unit building, excellent potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This charming 4-unit multifamily property, located at 415 N Lincoln St in Aberdeen, South Dakota, presents a compelling investment opportunity. Built in 1901, the building offers a blend of history and potential. The property is priced at $199,900. The unit breakdown includes three 2-room apartments and one 1-room apartment. Apartment 1 features window/wall air conditioning and tenants are responsible for electricity and heat; the owner pays for water. Apartment 2 also has window/wall air conditioning, with tenants responsible for electricity and heat, and the owner paying for water. Apartment 3 is a 1-room unit with window/wall air conditioning, and tenants responsible for electricity and heat; the owner pays for water. Finally, Apartment 4 is a 1-room unit where the owner covers electricity, heat, and water. This property is situated in Brown County, South Dakota, zip code 57401, offering investors a chance to capitalize on the Aberdeen market. The property's age and layout present opportunities for renovation and increased rental income. This is an ideal investment for those seeking a hands-on approach to property management or a strong addition to an existing portfolio. The property's location and historical character offer unique appeal to potential tenants. Further due diligence is recommended to fully assess the investment potential.

    Property Features for 415 Lincoln St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1901

    HighLights

    • $199,900 asking price.
    • Multifamily property.
    • 1901 construction.
    • Located at 415 N Lincoln St, Aberdeen, SD 57401.
    • Four units total.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Brown
    State
    South Dakota
    Longitude
    -98.4869022
    Latitude
    45.4702729

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    FAQs

    What type of property is this?
    Multifamily property - Historic 4-unit building, excellent potential.
    Where is this multifamily property located?
    The property is located at 415 Lincoln St Aberdeen, 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: $199,900 asking price.; Multifamily property.; 1901 construction.
    Request Owner's contact information
    415 Lincoln St Aberdeen, SD 57401
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    Aberdeen, SD 57401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    415 Lincoln St Aberdeen, SD 57401
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