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    South Dakota Multifamily Properties for Sale

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    Sioux Falls, SD Aberdeen, SD Rapid City, SD
    91 results
    Rapid City Apartment Investment Opportunity
    $999,500
    5,198 SF
    Rapid City Apartment Investment Opportunity

    811 Mallow Street, Rapid City, SD 57701

    Eight-unit apartment complex in central Rapid City with high occupancy.
    • High occupancy rate and consistent rental history.
    • Eight‑unit apartment complex built in 2005.
    • Combination of 2 and 3 bedroom units with in‑unit laundry and separate electric meters.
    • Recent preventative maintenance including newer roof and water heater replacements.
    • Ground level units are zero‑entry for accessibility.
    Updated: Mar 27
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    Well-Maintained 4-Plex Property
    $600,000
    4,260 SF
    Well-Maintained 4-Plex Property

    3005 S Cliff Ave, Sioux Falls, SD 57105

    Well-kept four-unit property with central air, boiler heat, wood-burning fireplaces, and eight garages.
    • Well‑maintained 4‑plex in southeastern Sioux Falls with large units
    • Central air plus hot water boiler heat
    • Wood‑burning fireplaces and in‑unit appliances including range, refrigerator, washer, and dryer
    • Includes composition roof, HardiPlank construction, and carpet/vinyl flooring
    • 8 total garages and the property is fully leased
    Updated: Mar 24
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    Sioux Falls Four-Plex Investment
    $650,000
    5,200 SF
    Sioux Falls Four-Plex Investment

    Immaculately maintained four-plex in a highly desirable Sioux Falls area.

    2800 E Madison St, Sioux Falls, SD 57103

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    Turnkey Motel/Airbnb Investment Opportunity
    $1,700,000
    5,787 SF
    Turnkey Motel/Airbnb Investment Opportunity

    20-unit motel/Airbnb with development potential in Spearfish, SD.

    450 W Kansas Street, Spearfish, SD 57783

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    Spearfish 5-Plex Investment Opportunity
    $659,000
    4,305 SF
    Spearfish 5-Plex Investment Opportunity

    Five-unit apartment building in downtown Spearfish with high occupancy.

    314 5th Street, Spearfish, SD 57783

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    Sioux Falls 6-Plex Investment
    $675,000
    5,832 SF
    Sioux Falls 6-Plex Investment

    Well-maintained 6-plex in central Sioux Falls with income potential.

    1011 S 2nd Ave, Sioux Falls, SD 57105

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    Rapid City Multifamily Investment Property
    $899,000
    0.16 Acres
    Rapid City Multifamily Investment Property

    8-unit multifamily property near downtown and School of Mines.

    10 E Quincy Street, Rapid City, SD 57701

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    Furnished Triplex in Sioux Falls
    $450,000
    2,420 SF
    Furnished Triplex in Sioux Falls

    Triplex with flexible rental potential near amenities in Sioux Falls.

    2504 S Summit Ave, Sioux Falls, SD 57105

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    Stabilized 24-Unit Multifamily Investment
    $2,080,000
    0.72 Acres
    Stabilized 24-Unit Multifamily Investment

    100% occupied, nearly fully renovated two-building asset with a diversified unit mix and immediate income potential.

    1000-1008 S Crawford Rd, Vermillion, SD 57069

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    Sioux Falls Triplex Investment Opportunity
    $275,000
    2,948 SF
    Sioux Falls Triplex Investment Opportunity

    Triplex near downtown Sioux Falls with income potential.

    624 W 11th St, Sioux Falls, SD 57104

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    Spearfish Duplex Opportunity with Garages
    $575,000
    3,782 SF
    Spearfish Duplex Opportunity with Garages

    Duplex opportunity near Spearfish with garages and spacious pole barn.

    262 Upper Valley Road, Spearfish, SD 57783

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    8-Plex Multifamily with Attached Garages
    $1,100,000
    0.91 Acres
    8-Plex Multifamily with Attached Garages

    8-unit multifamily with full sprinklers, forced-air systems, and attached garages, offering separated gas/electric utility setups.

    1701 E Melgaard Road, Aberdeen, SD 57401

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    Updated Multifamily Apartment Complex
    $475,000
    7,536 SF
    Updated Multifamily Apartment Complex

    Completely updated five-unit complex with modern finishes and designated off-street parking for each unit.

    304 S Douglas, Elk Point, SD 57025

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    Garretson Mixed-Use Investment Property
    $120,000
    1,414 SF
    Garretson Mixed-Use Investment Property

    Mixed-use property with commercial and residential units, generating cash flow.

    524 N Main Ave, Garretson, SD 57030

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    Spearfish Land with Income Potential
    $900,000
    3,950 SF
    Spearfish Land with Income Potential

    1.62 acres with barn, duplex, and expansion possibilities.

    3225 Old Belle Road, Spearfish, SD 57783

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    Sioux Falls Duplex Investment Opportunity
    $225,000
    1,813 SF
    Sioux Falls Duplex Investment Opportunity

    High-performing duplex near downtown Sioux Falls with immediate income potential.

    310 & 308 S Walts Ave, Sioux Falls, SD 57104

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    High-Performing Sioux Falls 5-Plex
    $325,000
    2,204 SF
    High-Performing Sioux Falls 5-Plex

    Turnkey 5-unit property with strong rental upside and modern finishes.

    1118 W 8th St, Sioux Falls, SD 57104

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    Iconic Restaurant with Apartment
    $900,000
    8,640 SF
    Iconic Restaurant with Apartment

    Two-level restaurant with dining, lounge, bar, and a lower-level two-bedroom apartment plus party rooms.

    306 N veterans St, Flandreau, SD 57028

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    Spearfish Investment Property on Acreage
    $900,000
    3,950 SF
    Spearfish Investment Property on Acreage

    Investment property with duplex, barn, and expansion potential on 1.62 acres.

    3225 Old Belle Road, Spearfish, SD 57785

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    8-Unit Multifamily Investment
    $899,000
    8-Unit Multifamily Investment

    Multifamily building with off-street parking, coin laundry, and landlord-paid utilities near downtown and SD Mines.

    10 E QUINCY, Rapid City, SD 57701

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    Spearfish Mixed-Use Investment Opportunity
    $1,599,000
    3,950 SF
    Spearfish Mixed-Use Investment Opportunity

    Successful business and investment property on 1.62 acres near Exit 8.

    3225 Old Belle Road, Spearfish, SD 57783

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    Move-in Ready Rapid City Duplex
    $550,000
    2,680 SF
    Move-in Ready Rapid City Duplex

    Renovated duplex in central Rapid City with income potential.

    905/907 Clark Lane, Rapid City, SD 57702

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    Prime Custer Mixed-Use Investment
    $2,300,000
    8,700 SF
    Prime Custer Mixed-Use Investment

    Renovated mixed-use property with retail and short-term rental income.

    632 Mt. Rushmore Road, Custer, SD 57730

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    Sioux Falls Fourplex For Sale
    $399,900
    2,729 SF
    Sioux Falls Fourplex For Sale

    2,792 SF fourplex with renovated units and new roof.

    201 N French Ave, Sioux Falls, SD 57103

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    South Dakota Multifamily Properties Investment Opportunities Market Analysis

    Explore 91 multifamily properties for sale in South Dakota, showcased through 91 active listings on our real estate platform. These investment opportunities span a total of 2,752,978 square feet of properties for sale, with an estimated market value of $132,254,476.

    Sale prices for multifamily properties in South Dakota start at $120,000, averaging $2,404,626, and reaching up to $31,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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