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    Philip, SD
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    Philip, SD Multifamily Properties for Sale

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    Kadoka, SD
    Section 8 Multifamily Apartment Building
    Updated: Nov 16, 2025
    Section 8 Multifamily Apartment Building

    101 Center Ave, Philip, SD 57567

    Contact for pricing
    16,596 sqft
    HUD Section 8 (HAP Contract) property in Philip, SD with 100% project‑based subsidy covering 16 units (100%).
    Unit mix includes sixteen 1‑bedroom/1‑bath units and three commercial spaces.
    Section 8 contract #: SD99‑H001‑070; 20‑year term with expiration May 31, 2040 and renewal option (Option 4).
    Commercial tenants include Daymond Lurz ($350/month), State Farm Insurance ($340/month), and Elizabeth Boardman ($300/month).
    Building amenities include a community room, main floor laundry room, elevator, and onsite property management office.
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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 10 Potential Opportunities for your consideration. Besides 1 Active listings in Philip, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 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.

    Duplex Property With Mobile Home
    Duplex Property With Mobile Home

    5823 Corbin Dr, Rapid City, SD 57703

    $249,900
    0.69 AC lot

    Two homes offer finished rental space alongside an unfinished lower-level unit for added flexibility.

    View details
    Single-Family Rental Portfolio
    Single-Family Rental Portfolio

    270 Landmark Court, Box Elder, SD 57719

    $4,150,000

    19 modern rental homes with detached single-car garages and tenant-paid utilities provide a ready-made residential income portfolio.

    View details
    9-Cabin Multifamily Property
    9-Cabin Multifamily Property

    301 Line Rd, Box Elder, SD 57719

    $449,900

    Existing occupants hold month-to-month rental agreements, while two cabins are gutted for renovation.

    View details
    Updated Mobile Home in Rapid
    Updated Mobile Home in Rapid

    1980 Lot #33 Country Road, Rapid City, SD 57701

    $78,000

    Move-in ready 3 bed, 2 bath mobile home for sale.

    View details

    Off-Market Properties in Philip, SD

    Consider similar Off-Market properties in Philip, 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.

    Philip, SD 57567
    APARTMENT HOUSE (5+ UNITS)

    Philip, SD 57567

    $310,000
    Estimated value
    7,200 sqft 0.72 AC lot
    View details
    165 Ctr Ave
    APARTMENT HOUSE (5+ UNITS)

    165 Ctr Ave, Philip, SD 57567

    $270,000
    Estimated value
    2,525 sqft 0.07 AC lot
    View details
    108 12th S Larimer Ave
    APARTMENT HOUSE (5+ UNITS)

    108 12th S Larimer Ave, Philip, SD 57567

    $265,000
    Estimated value
    1,416 sqft 0.09 AC lot
    View details
    402 Larimer Ave
    APARTMENT HOUSE (5+ UNITS)

    402 Larimer Ave, Philip, SD 57567

    $260,000
    Estimated value
    1,650 sqft 0.29 AC lot
    View details
    Philip, SD 57567
    APARTMENT HOUSE (5+ UNITS)

    Philip, SD 57567

    $285,000
    Estimated value
    4,154 sqft 0.29 AC lot
    View details

    Philip, SD Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Philip, SD on our real estate platform. These investment opportunities span a total of 16,596 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 1,014
    Population Growth (5Y) -31.6%
    Median Household Income $55,542
    College Educated 18.1%

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