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    Tea, SD Multifamily Properties for Sale

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    Sioux Falls, SD Harrisburg, SD Hartford, SD
    Commercial Space with Apartment Units
    $895,000
    758 SF

    Commercial Space with Apartment Units

    120 N Heritage Pkwy, Tea, SD

    Commercial space with 30 apartment units above available for rent.

    • Ample commercial space with 30 apartment units above
    • Building signage available
    • Located on the cross streets of Heritage Parkway and First Street
    • Potential for enclosed garage space (for additional rent)
    • Phase I available for tenant build‑outs
    Updated: Nov 25, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Tea, 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.

    Sioux Falls Fourplex with Garages
    $624,500
    4,260 SF

    Sioux Falls Fourplex with Garages

    Well-maintained fourplex in Sioux Falls with garages and fireplaces.

    3005 S Cliff Ave, Sioux Falls, SD 57105
    View details
    Sioux Falls Multifamily Investment Property
    $370,000
    2,431 SF

    Sioux Falls Multifamily Investment Property

    Multifamily property with updated features and large backyard.

    5100 W 47 St, Sioux Falls, SD 57106
    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
    Sioux Falls Multifamily Investment Property
    $3,500,000
    60,798 SF

    Sioux Falls Multifamily Investment Property

    30-unit apartment complex in Sioux Falls, 100% occupied.

    3113 W 12th St, Sioux Falls, SD 57104
    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.

    Minnesota Lakeshore Acreage with Development Potential
    $124,900
    9.30 Acres

    Minnesota Lakeshore Acreage with Development Potential

    9.3 acres with 244 feet of lakeshore near Worthington.

    Fulda, MN 56131
    View details
    Des Moines Development Land Available
    $1,013,600
    28.96 Acres

    Des Moines Development Land Available

    29 acres of development land near Fleur Dr and SW 9th.

    01 County Line Road, Des Moines, IA 50320
    View details
    Improved Residential Lot Ready-to-Go
    Contact for pricing

    Improved Residential Lot Ready-to-Go

    Affordable, improved corner lot in Davis City, Iowa.

    SE Corner W High Street, Davis City, IA 50065
    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

    Tea, SD Multifamily Properties Investment Opportunities Market Analysis

    Explore 1 multifamily properties for sale in Tea, SD on our real estate platform. These investment opportunities span a total of 758 square feet of properties for sale, with an estimated market value of $895,000.

    Sale prices for multifamily properties in Tea, SD start at $895,000, averaging $895,000, and reaching up to $895,000 — 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

    Property Size Breakdown

    The majority of commercial real estate listings in Tea fall within the 25,000 to 50,000 square foot range.

    Demographics Overview

    Population 7,619
    Population Growth (5Y) +19.2%
    Median Household Income $104,351
    College Educated 50.2%

    Taxes & Financing

    Tax Rate (average for all types) 1.89%
    Property Tax per SF $31.09 per sq ft
    Tax Rate vs County Average 0.16 pp above county avg
    Average Loan-to-Value 65.0%

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