Madison, SD Multifamily properties for sale

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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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Madison, 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.

Historic Mixed-Use Building For Sale

529 North Main Avenue, Garretson, SD 57030

$429,000

4,800 sqft

Mixed-use building with apartments and commercial space in Garretson, SD.

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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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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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RV Park and Apartments

4501 W 12th St, Sioux Falls, SD

$8,503,638

15.02 AC lot

RV park with apartments, high visibility, and commercial zoning.

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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 Recreation Lot with Boat Lift

21425 Sunset Trail, Lake Preston, SD 57249

$193,800

0.46 AC lot

Manageable lakefront lot with utilities on site, approximately 75 feet of shoreline, and a boat lift for seasonal water use.

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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

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

1610 7th Avenue E, Alexandria, MN 56308

$249,900

2.16 AC lot

2.16 acre lot zoned for multi-family housing development.

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Madison, SD Multifamily Properties Market Trends and Statistics

Explore 1 multifamily properties for sale in Madison, SD on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,500,000.

Sale prices for multifamily properties in Madison, SD start at $2,500,000, averaging $2,500,000, and reaching up to $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.

Neighborhood	Average Price
57042	$2.5M

Neighborhood

Average Price

57042

$2.5M

Madison, SD Multifamily Properties for Sale

210 Center Street West, Madison, SD 57042