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    Elk Point, SD
    Multifamily

    Elk Point, SD Multifamily Properties for Sale

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    Westfield, IA Akron, SD Burbank, SD Beresford, SD Vermillion, SD Adelanto, CA Jefferson, SD Sioux City, IA
    Updated Five-Unit Apartment Building
    Updated: Mar 12
    Updated Five-Unit Apartment Building

    304 S Douglas, Elk Point, SD 57025

    $475,000
    7,536 sqft 0.18 AC lot
    Five‑unit apartment building with three 3‑bedroom and two 2‑bedroom units
    7,536 square feet on a 0.183‑acre lot
    Exterior improvements include vinyl siding, a new roof, and new windows
    Each unit has designated off‑street parking
    One block from Elk Point‑Jefferson School and downtown Elk Point
    View details
    Mixed-Use Building with Restaurant
    Updated: Jun 18
    Mixed-Use Building with Restaurant

    103 E Main, Elk Point, SD 57025

    $515,000
    Four rental units within a mixed‑use building
    Main‑floor restaurant component with liquor license
    Two apartments plus basement rental space
    Stoves and refrigerators included
    Basement tables and chairs remain
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Elk Point, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    24-Unit Renovated Apartment Property
    24-Unit Renovated Apartment Property

    1000-1008 S Crawford Rd, Vermillion, SD 57069

    $2,080,000
    0.72 AC lot

    Two-building residential income property with full occupancy and a unit mix weighted toward two-bedroom residences.

    View details
    Vermillion Multifamily Investment Opportunity
    Vermillion Multifamily Investment Opportunity

    1000 South Crawford Road, Vermillion, SD 57069

    Contact for pricing
    6,560 sqft 0.72 AC lot

    Stabilized 24-unit multifamily property in Vermillion, South Dakota.

    View details
    North Sioux City Apartments
    North Sioux City Apartments

    1300-1302 Quiniela Dr, North Sioux City, SD, North Sioux City, SD 57049

    Contact for pricing
    93,560 sqft

    130-unit multifamily community built in 2014 and 2015.

    View details
    Two-Bedroom Apartment Complex
    Two-Bedroom Apartment Complex

    340 Streeter Dr, North Sioux City, SD 57049

    Contact for pricing

    Forty-unit property with five 8-plexes built in 1976, offering two-bedroom one-bath units.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

    View details
    Waterfront Land with Boat Lift
    Waterfront Land with Boat Lift

    21425 Sunset Trail, Lake Preston, SD 57249

    $193,800
    0.46 AC lot

    Lake Thompson lake lot with on-site utilities and a Hewitt boat lift for convenient seasonal boating and fishing.

    View details
    Developed Multi-Pad Development Land
    Developed Multi-Pad Development Land

    N 41st St, Bethany, MO 64424

    $249,900
    10.00 AC lot

    10-acre development site with 10 constructed dirt pads, cul-de-sac road layout, and a billboard generating $100 monthly.

    View details
    Alexandria Lakeshore Property with Rental Opportunity
    Alexandria Lakeshore Property with Rental Opportunity

    5950 County Road 8 NW, Alexandria, MN 56308

    $798,500
    15.62 AC lot

    Lakeshore property with rental cabins and RV sites near Alexandria.

    View details

    Elk Point, SD Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Elk Point, SD on our real estate platform. These investment opportunities span a total of 7,536 square feet of properties for sale, with an estimated market value of $990,000.

    Sale prices for multifamily properties in Elk Point, SD start at $475,000, averaging $495,000, and reaching up to $515,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 3,165
    Population Growth (5Y) +6.0%
    Median Household Income $88,466
    College Educated 41.6%

    High-Yield Neighborhoods for Investment

    Identify Elk Point submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57025 $495K

    Taxes & Financing

    Tax Rate (average for all types) 1.49%
    Property Tax per SF $21.39 per SF
    Tax Rate vs County Average 0.22 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Union County

    New Delisted

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