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    Madison, SD
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    Madison, SD Multifamily Properties for Sale

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    Wentworth, SD Colton, SD Salem, SD Humboldt, SD Wall Lake, SD Colman, SD Canistota, SD Howard, SD
    Multifamily Property in Madison, SD
    Updated: Nov 21, 2025
    Multifamily Property in Madison, SD

    210 Center Street West, Madison, SD 57042

    $2,500,000
    New roof (2023‑2024) and renovated parking garage (Fall 2024)
    Institutional quality solid construction
    Diverse unit mix: one, two‑bedroom units, some with vaulted ceilings
    Large underground garage with 31 stalls
    Stable tenant mix (primarily 55+)
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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 6 Potential Opportunities for your consideration. Besides 1 Active listings in Madison, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Updated Duplex with Attached Garages
    Updated Duplex with Attached Garages

    616 618 N Garfield Ave, Sioux Falls, SD 57104

    $329,000
    2,082 sqft 0.18 AC lot

    Two separately metered residences offer private laundry, attached garages, and flexible owner-occupant or rental use.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    616 618 N Garfield Ave, Sioux Falls, SD 57104

    $329,000
    2,082 sqft

    Well-maintained duplex with separate utility metering, attached garages, private laundry, and fenced outdoor space.

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    Mixed-Use Property with Salon
    Mixed-Use Property with Salon

    524 N Main Ave, Garretson, SD 57030

    $109,900
    1,414 sqft 0.08 AC lot

    Two-level building combines a leased salon with a remodeled apartment.

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    Two Mobile Home Communities
    Two Mobile Home Communities

    210 DOWS ST, Garretson, SD 57030

    Contact for pricing
    1,350 sqft

    Two mobile home communities totaling 64 units are served by public utilities, with 85.9% occupancy and mostly tenant-owned homes.

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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.

    Lakefront Recreational Land
    Lakefront Recreational Land

    21425 Sunset Trail, Lake Preston, SD 57249

    $193,800
    0.46 AC lot

    Shoreline parcel with utilities, a boat lift, travel trailer, and patio for seasonal lake use.

    View details

    Madison, SD Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Madison, SD on our real estate platform.

    Sale prices for multifamily properties in Madison, SD average $2,500,000 — 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 7,900
    Population Growth (5Y) -15.4%
    Median Household Income $68,672
    College Educated 47.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57042 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.65%
    Property Tax per SF $1.74 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

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