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    Newell, SD
    Multifamily

    Newell, SD Multifamily Properties for Sale

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    Nisland, SD Belle Fourche, SD Whitewood, SD Sturgis, SD Spearfish, SD Deadwood, SD
    Two-Story Boarding Home Apartment Building
    Updated: Aug 26, 2025
    Two-Story Boarding Home Apartment Building

    113 3rd Street, Newell, SD 57760

    $110,000
    2,600 sqft 0.26 AC lot
    Seven‑bedroom two‑story boarding home with main‑level tenant laundry access
    Three city lots
    2‑car garage 24x28 with concrete floor plus shed
    New furnace one year old
    Water heater approx. 50 gal (2020) in the laundry area
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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 Newell, 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.

    Triplex Income Property Fixer-Upper
    Triplex Income Property Fixer-Upper

    1958 Junction Avenue, Sturgis, SD 57785

    $249,500

    Triplex with three rented single-family homes needing significant updates and repairs.

    View details
    Furnished Duplex Rental Property
    Furnished Duplex Rental Property

    TBD 1954-1984 Russell Street, Spearfish, SD 57783

    $5,685,000
    3.25 AC lot

    Fully appliance-furnished duplex units with off-street parking and private decks/patios for a turn-key rental setup.

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    Spearfish Multifamily Development Opportunity
    Spearfish Multifamily Development Opportunity

    S 27th Street lot: 12 & 13, Spearfish, SD 57783

    $359,000
    0.57 AC lot

    Half-acre corner lot zoned R3, ideal for multifamily development.

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    Mobile Home Park Land
    Mobile Home Park Land

    543 14th St, Sturgis, SD 57785

    Contact for pricing
    4.40 AC lot

    Land in Sturgis is zoned for mobile homes and currently includes three mobile homes paying lot rents.

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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.

    Commercial Land with RV Park
    Commercial Land with RV Park

    1003 W Bell St, Glendive, MT 59330

    $435,000
    3.88 AC lot

    Mobile home and RV park with expansion potential in Glendive.

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    Residential Subdivision Land Opportunity
    Residential Subdivision Land Opportunity

    1 Rainbow Estates, Glendive, MT 59330

    $50,000

    49-lot subdivision suitable for various residential development projects.

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    Residential Land in Carpenter, WY
    Residential Land in Carpenter, WY

    Road 201, Carpenter, WY 82054

    $82,000
    6.00 AC lot

    Corner lot with no covenants, manufactured housing allowed.

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    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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    Newell, SD Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Newell, SD on our real estate platform. These investment opportunities span a total of 2,600 square feet of properties for sale, with an estimated market value of $110,000.

    Sale prices for multifamily properties in Newell, SD average $110,000 — 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 1,084
    Population Growth (5Y) -6.4%
    Median Household Income $53,750
    College Educated 29.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57760 $110K

    Taxes & Financing

    Tax Rate (average for all types) 1.56%
    Average Loan-to-Value 65.0%

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