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    Lennox, SD
    Multifamily

    Lennox, SD Multifamily Properties for Sale

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    Worthing, SD Harrisburg, SD Tea, SD Centerville, SD Sioux Falls, SD Hartford, SD Canton, SD Beresford, SD
    Five-Plex Apartment Building
    Updated: Jun 1
    Five-Plex Apartment Building

    511 -517 Main St S, Lennox, SD 57039

    $325,000
    4,372 sqft 0.16 AC lot
    0.163‑acre lot with 4,372 SF apartment building
    Five units: four 2‑bedroom/1‑bath plus one 1‑bedroom loft
    Coin‑operated laundry on site
    Separate electrical per unit
    Newer boiler for heating
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    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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Lennox, 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.

    Duplex with Two-Bed and Three-Bed Units
    Duplex with Two-Bed and Three-Bed Units

    5100 W 47 St, Sioux Falls, SD 57106

    $370,000
    2,431 sqft 0.21 AC lot

    Duplex in Sioux Falls with two apartments, separate utility responsibility, and recent exterior and window improvements.

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    8-Plex Apartment Complex with Garages
    8-Plex Apartment Complex with Garages

    4101 S West Ave, Sioux Falls, SD 57105

    Contact for pricing
    56,832 sqft

    Apartment complex of eight 8-plex buildings totaling 64 units, with on-site laundry and 40 detached garages.

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

    3505 S Hawthorne Ave, Sioux Falls, SD 57105

    Contact for pricing
    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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    Modern Townhome Apartment Building
    Modern Townhome Apartment Building

    301 Harvest Trail, Harrisburg, SD 57032

    Contact for pricing
    0.67 AC lot

    Newly built 2024 townhomes feature attached two-stall garages and in-unit washer and dryer for each unit.

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    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.

    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.

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    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.

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    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.

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    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

    View details

    Lennox, SD Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Lennox, SD on our real estate platform. These investment opportunities span a total of 4,372 square feet of properties for sale, with an estimated market value of $325,000.

    Sale prices for multifamily properties in Lennox, SD average $325,000 — 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 3,875
    Population Growth (5Y) +8.8%
    Median Household Income $79,209
    College Educated 29.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57039 $325K

    Taxes & Financing

    Tax Rate (average for all types) 1.87%
    Property Tax per SF $30.65 per SF
    Tax Rate vs County Average 0.14 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lincoln County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lincoln County

    Residential Income

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