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    Fall River County, SD Multifamily Properties for Sale

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    Hot Springs Multifamily Investment Property
    $1,250,000

    Hot Springs Multifamily Investment Property

    1601 Evanston Ave Ave, Hot Springs, SD 57747

    Section 8 multifamily property in Hot Springs, South Dakota.

    • 100% Project‑Based Section 8 rental subsidy with a contract expiring April 30, 2040.
    • Above‑Average Management Occupancy Review (MOR) as of July 2025.
    • Features a mix of unit sizes: four 1‑bedroom, twelve 2‑bedroom, and four 3‑bedroom units.
    • Potential opportunity to assume the existing HOME loan, subject to SDHDA approval.
    • Property amenities include off‑street parking, two laundry rooms, and a playground with a new fence (installed October 2025).
    Last Update: Nov 15
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    Duplex Opportunity Near Schools
    $115,000

    Duplex Opportunity Near Schools

    1835 University Ave, Hot Springs, SD 57747

    Two homes on one city lot, great investment opportunity.

    • Two Homes on One City Lot: Ideal for multi‑family living or rental income potential.
    • Ranch‑Style Layouts: Both homes offer convenient single‑level living.
    • Rental Income Opportunity: Live in one unit and rent out the other, or rent both.
    • Prime Location: Across the street from Hot Springs High School and Elementary School.
    • Back Unit Features: Includes a partially finished basement for customization.
    Last Update: Jun 30
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    Historic Hot Springs Mixed-Use Building
    $950,999
    10,395 SF

    Historic Hot Springs Mixed-Use Building

    Exceptional historic building with retail, residential, and garage spaces.
    401 N River St, Hot Springs, SD 57747
    View details
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 3 Active listings in Fall River County, SD, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    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.

    15.85 Acres Near Hot Springs
    $299,900
    15.85 Acres

    15.85 Acres Near Hot Springs

    15.85 acre lot near Hot Springs, South Dakota.
    385 Tbd Hwy, Hot Springs, SD 57747
    View details

    Fall River County, SD Multifamily Properties Investment Opportunities Market Analysis

    Explore 3 multifamily properties for sale in Fall River County, SD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 46,696 square feet of properties for sale, with an estimated market value of $1,065,999.

    Prices for multifamily properties in Fall River County, SD start at $0.00, averaging $355,333, and reaching up to $950,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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    Multifamily properties by market

    Browse Multifamily properties for Sale Near Fall River, SD

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