Advertise
    Mitchell, SD
    Multifamily

    Mitchell, SD Multifamily Properties for Sale

    Notify Me
    List
    Map
    Mount Vernon, SD Stickney, SD Alexandria, SD Huron, SD Parkston, SD
    15-Unit Apartment Building
    Updated: Aug 8
    15-Unit Apartment Building

    121-123 W 6th Ave, Mitchell, SD 57301

    $1,200,000
    11,280 sqft 0.11 AC lot
    15 fully leased units
    11,280 SF building on a 4,734 SF lot
    New roof installed in 2019
    New water heater and boiler/boiler lift
    Landlord pays gas and water; tenants pay electric
    View details
    Historic Mixed-Use Building in Mitchell
    Updated: Nov 21, 2025
    Historic Mixed-Use Building in Mitchell

    117 East 3rd Avenue, Mitchell, SD 57301

    $1,375,000
    51,600 sqft
    Prime downtown location with high visibility and foot traffic.
    Income‑generating mixed‑use property with commercial and residential units.
    Historic building with architectural charm and character.
    Fifteen residential apartments with 77.8% occupancy.
    Gross Annual Revenue of $191,700.
    View details
    Redevelopment Land Parcel
    Redevelopment Land Parcel

    713 E Havens Ave, Mitchell, SD 57301

    Contact for pricing
    8.13 AC lot

    This redevelopment land parcel totals 8.13 acres and is currently operated as a profitable trailer park with 16 sites, 14 occupied.

    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    South Dakota Mobile Home Park Portfolio
    South Dakota Mobile Home Park Portfolio

    1401 S Main St, Mitchell, SD 57301

    Contact for pricing

    Two communities offer 230 lots, city utilities, and 95% occupancy within a five-minute drive of one another.

    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 4 Active listings in Mitchell, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    10-Unit Apartment Building
    10-Unit Apartment Building

    255 2nd St SW, Huron, SD 57350

    $549,900
    20,056 sqft 0.34 AC lot

    Two-story multifamily property with mixed one- and two-bedroom residences, lower-level storage, and shared laundry facilities.

    View details
    Well-Maintained 5-Plex Apartment Building
    Well-Maintained 5-Plex Apartment Building

    2405-2416 Prairie Eagle Cir, Huron, SD 57350

    $599,900
    5,744 sqft 0.46 AC lot

    Single-level 5-plex with five units and individual garages, offering an income-producing multifamily setup in Huron.

    View details
    Eight-Property Quadplex Portfolio
    Eight-Property Quadplex Portfolio

    335 Arianna Pl, Tea, SD 57064

    $611,900
    4,366 sqft

    Portfolio of four-plex properties in Tea, South Dakota, offering a multi-asset residential income configuration.

    View details
    Quadplex Portfolio with 32 Units
    Quadplex Portfolio with 32 Units

    330 Arianna Pl, Tea, SD 57064

    $611,900
    4,366 sqft

    Portfolio of well-maintained residential income properties assembled for bulk acquisition in Tea, South Dakota.

    View details

    Off-Market Properties in Mitchell, SD

    Consider similar Off-Market properties in Mitchell, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2021-2231 Kimball St
    Multifamily properties

    2021-2231 Kimball St, Mitchell, SD 57301

    Value Estimation by Request
    82,368 sqft 3.97 AC lot
    View details
    41255 Sd-38
    Multifamily properties

    41255 Sd-38, Mitchell, SD 57301

    Value Estimation by Request
    585,011 sqft 13.43 AC lot
    View details

    Mitchell, SD Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Mitchell, SD, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 62,880 square feet of properties for sale, with an estimated market value of $2,575,000.

    Sale prices for multifamily properties in Mitchell, SD start at $1,200,000, averaging $1,287,500, and reaching up to $1,375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Mobile home & RV parks 3
    Apartment buildings 2

    Demographics Overview

    Population 19K
    Population Growth (5Y) +3.7%
    Median Household Income $60,671
    College Educated 31.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57301 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 0.83%
    Property Tax per SF $12.27 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Mitchell fall within the 5,000 to 10,000 square foot range.

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Mitchell, SD

    Popular Categories

    Most Searched ZIP Codes in Mitchell, SD

    • 57301

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!