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    South Dakota Multifamily Properties for Sale

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    Sioux Falls, SD Rapid City, SD Aberdeen, SD Lead, SD Watertown, SD Huron, SD Spearfish, SD Tea, SD
    111 properties
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    Sioux Falls Duplex with Potential
    Sioux Falls Duplex with Potential

    228 N Fairfax Ave, Sioux Falls, SD 57103

    $199,000
    1,728 sqft 0.14 AC lot

    Duplex with rental income potential, needs work, great opportunity.

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    This listing looks promising.

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    228 N Fairfax Ave, Sioux Falls, SD 57103

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $216K
      Above asking
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    Triplex Residential Income Property
    Triplex Residential Income Property

    801 W 13th St, Sioux Falls, SD 57104

    $250,000
    1,784 sqft 0.07 AC lot

    Triplex for sale with separately metered utilities and recent interior and system upgrades.

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    Updated Apartment Complex
    Updated Apartment Complex

    304 S Douglas, Elk Point, SD 57025

    $475,000
    7,536 sqft 0.18 AC lot

    Apartment complex with five units offering off-street parking, updated exterior, and a mix of 3- and 2-bedroom layouts.

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    Tri-Plex Residential Income
    Tri-Plex Residential Income

    514 S Summit Ave, Sioux Falls, SD 57104

    $264,000
    1,864 sqft 0.11 AC lot

    Tri-plex for sale offering three rental units with three bedrooms and one bath on the main level.

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    Turnkey 8-Plex Apartment Building
    Turnkey 8-Plex Apartment Building

    3505 S Hawthorne Ave, Sioux Falls, SD 57105

    $760,000
    3,552 sqft

    Fully leased 8-plex with coin-operated laundry, detached garages, through-the-wall A/C, boiler heat, and ample on-site parking.

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    Twin Home Duplex
    Twin Home Duplex

    1625 Northridge Dr, Watertown, SD 57201

    $359,000
    1,580 sqft 0.08 AC lot

    Exceptionally clean twin home on a corner lot with greenspace views, featuring three bedrooms and an attached two-car garage.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    1118 W 8th St, Sioux Falls, SD 57104

    $314,000
    2,204 sqft 0.15 AC lot

    Five one-bedroom, one-bath units with recent interior and exterior updates and a detached garage.

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    Downtown Triplex Investment
    Downtown Triplex Investment

    624 W 11th St, Sioux Falls, SD 57104

    $200,000
    2,948 sqft 0.16 AC lot

    Triplex includes one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units near downtown Sioux Falls.

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    Sioux Falls Multifamily Investment Property
    Sioux Falls Multifamily Investment Property

    3113 W 12th St, Sioux Falls, SD 57104

    $3,500,000
    60,798 sqft 1.47 AC lot

    30-unit apartment complex in Sioux Falls, 100% occupied.

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    Well-Kept Duplex With Covered Deck
    Well-Kept Duplex With Covered Deck

    118 Spark Street, Lead, SD 57754

    $300,000
    2,088 sqft

    This duplex in Lead features in-unit laundry for both units and a covered deck and patio area.

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    Triplex Residential Income Property
    Triplex Residential Income Property

    330 Gwinn Avenue, Lead, SD 57754

    $327,500
    2,536 sqft

    Triplex with newer windows, decks/porches, and a mix of 3-bed and 1-bed units with additional yard and storage space.

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    Garden-Style Apartment Community
    Garden-Style Apartment Community

    505 N Cleveland Ave, Sioux Falls, SD 57103

    $6,550,000
    57,014 sqft 3.68 AC lot

    Garden-style multifamily community with 61 studio, one-, and two-bedroom units across multiple three-story buildings.

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    Duplex with Office Barn and Land
    Duplex with Office Barn and Land

    3225 Old Belle Road, Spearfish, SD 57785

    $900,000
    3,950 sqft 1.62 AC lot

    Updated duplex rental plus a mostly finished barn currently leased for office and storage, set on 1.62 acres off Exit 8.

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    Ranch Duplex with Pole Barn
    Ranch Duplex with Pole Barn

    262 Upper Valley Road, Spearfish, SD 57783

    $525,000
    3,782 sqft 0.52 AC lot

    Duplex-style ranch with walkout lower level, private garages, and large pole barn on a fenced, level lot.

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    Large Multifamily Community in Sioux Falls
    Large Multifamily Community in Sioux Falls

    4213 E 12th St, Sioux Falls, SD 57103

    $31,000,000
    240,986 sqft 9.50 AC lot

    248-unit apartment complex in established residential area.

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    Two-Unit Duplex Investment Property
    Two-Unit Duplex Investment Property

    1012 W 8th St St E, Sioux Falls, SD 57104

    $305,000
    2,478 sqft 0.15 AC lot

    Well-maintained duplex with two separate units, each with washer/dryer hookup and multiple bedroom configurations for flexible occupancy.

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    Stabilized Two-Building Apartment Community
    Stabilized Two-Building Apartment Community

    1000-1008 S Crawford Rd, Vermillion, SD 57069

    $2,080,000
    0.72 AC lot

    Stabilized 24-unit multifamily property with two buildings and a near-complete renovation history.

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    Two 16-Unit Apartment Buildings
    Two 16-Unit Apartment Buildings

    1411 E Rushmore Drive, Brandon, SD 57005

    $2,550,000
    12,200 sqft

    Two single-level 16-unit buildings offer zero-step entry, baseboard heating, and wall-mounted A/C, with tenants paying utilities.

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    Redevelopment Land Parcel
    Redevelopment Land Parcel

    713 E Havens Ave, Mitchell, SD 57301

    $1,950,000
    8.13 AC lot

    This redevelopment land parcel totals 8.13 acres and is currently operated as a profitable trailer park with 16 sites, 14 occupied.

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    Four-Unit Multifamily Building
    Four-Unit Multifamily Building

    201 N French Ave, Sioux Falls, SD 57103

    $374,900
    2,729 sqft 0.09 AC lot

    Four-unit multifamily property with two 1-bed/1-bath and two 3-bed/1-bath units, plus a roof replacement in 2022.

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    Four-Plex Residential Income Property
    Four-Plex Residential Income Property

    2100 E Ida St, Sturgis, SD 57785

    $559,900
    4,572 sqft

    Well-maintained four-plex with in-unit laundry hookups, designated storage, and outdoor decks/patios.

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    Two-Unit Duplex with Extra Parking
    Two-Unit Duplex with Extra Parking

    216-216 1/2 High, Vermillion, SD 57069

    $199,900
    1,676 sqft 0.35 AC lot

    Two income units on two lots with extra parking and an unfinished basement in the larger front home.

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    41 Acres Mixed-Use Development Site
    41 Acres Mixed-Use Development Site

    5801 N. Kiwanis Avenue, Sioux Falls, SD 57107

    $9,412,880
    1,792,893 sqft 41.16 AC lot

    41.16-acre mixed-use development site in Sioux Falls, South Dakota.

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    8-Unit Multifamily Apartment Building
    8-Unit Multifamily Apartment Building

    10 E Quincy Street, Rapid City, SD 57701

    $899,000
    0.16 AC lot

    Eight-unit multifamily property with coin-operated laundry, off-street parking, and landlord-paid utilities.

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