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    Madison, SD Multifamily Properties for Sale

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    Salem, SD Colton, SD Howard, SD
    Multifamily Property in Madison, SD
    $2,500,000

    Multifamily Property in Madison, SD

    210 Center Street West, Madison, SD 57042

    Former high school converted to multifamily with underground parking.

    • 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+)
    Updated: Nov 21, 2025
    View details
    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 Multifamily Building For Sale
    $429,000
    4,800 SF

    Historic Multifamily Building For Sale

    Multifamily property with main-floor space and on-site parking.

    529 North Main Avenue, Garretson, SD 57030
    View details
    Historic Mixed-Use Building For Sale
    $429,000
    4,800 SF

    Historic Mixed-Use Building For Sale

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

    529 North Main Avenue, Garretson, SD 57030
    View details
    41 Acres Mixed-Use Development Site
    $9,412,880
    1,792,893 SF

    41 Acres Mixed-Use Development Site

    41.16-acre mixed-use development site in Sioux Falls, South Dakota.

    5801 N. Kiwanis Avenue, Sioux Falls, SD 57107
    View details
    RV Park and Apartments
    $8,503,638
    15.02 Acres

    RV Park and Apartments

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

    4501 W 12th St, Sioux Falls, SD
    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.

    Lake Thompson Waterfront Recreational Lot
    $193,800
    0.46 Acres

    Lake Thompson Waterfront Recreational Lot

    0.46 acre lot with 75 feet of lake frontage.

    21425 Sunset Trail, Lake Preston, SD 57249
    View details
    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres

    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131
    View details
    Land for Multi-Family Housing
    $249,900
    2.16 Acres

    Land for Multi-Family Housing

    2.16 acre lot zoned for multi-family housing development.

    1610 7th Avenue E, Alexandria, MN 56308
    View details
    Pine River Twp Waterfront Land
    $499,900
    30.20 Acres

    Pine River Twp Waterfront Land

    30.2 acres with 720 feet of shoreline.

    Backus, MN 56435
    View details

    Madison, SD Multifamily Properties Investment Opportunities Market Analysis

    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.

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    Top Commercial Asset Segments

    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 median 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 sq ft
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

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