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    Tea, SD
    Multifamily

    Tea, SD Multifamily Properties for Sale

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    Sioux Falls, SD Harrisburg, SD Hartford, SD
    Commercial Space with Apartment Units
    Updated: Nov 25, 2025
    Commercial Space with Apartment Units

    120 N Heritage Pkwy, Tea, SD

    $895,000
    758 sqft · 8.54 AC lot
    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
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, 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 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.

    Furnished Triplex in Sioux Falls
    Furnished Triplex in Sioux Falls

    2504 S Summit Ave, Sioux Falls, SD 57105

    $450,000
    2,420 sqft · 0.22 AC lot

    Triplex with flexible rental potential near amenities in Sioux Falls.

    View details
    Sioux Falls Multifamily Investment Property
    Sioux Falls Multifamily Investment Property

    5100 W 47 St, Sioux Falls, SD 57106

    $370,000
    2,431 sqft · 0.21 AC lot

    Multifamily property with updated features and large backyard.

    View details
    Sioux Falls Multifamily Investment Property
    Sioux Falls Multifamily Investment Property

    3113 W 12th St, Sioux Falls, SD 57104

    $3,500,000
    60,798 sqft · 1.47 AC lot

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

    View details
    RV Park and Apartments
    RV Park and Apartments

    4501 W 12th St, Sioux Falls, SD

    $8,503,638
    15.02 AC lot

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

    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.

    Lakefront Recreation Lot with Boat Lift
    Lakefront Recreation Lot with Boat Lift

    21425 Sunset Trail, Lake Preston, SD 57249

    $193,800
    0.46 AC lot

    Manageable lakefront lot with utilities on site, approximately 75 feet of shoreline, and a boat lift for seasonal water use.

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    Lakeshore Recreation Land Parcel
    Lakeshore Recreation Land Parcel

    Tripp, Fulda, MN 56131

    $124,900
    9.30 AC lot

    Recreation residential shoreland acreage with gravel access and measured lakeshore for RV or seasonal campground plans.

    View details
    Alexandria Lakeshore Property with Rental Opportunity
    Alexandria Lakeshore Property with Rental Opportunity

    5950 County Road 8 NW, Alexandria, MN 56308

    $798,500
    15.62 AC lot

    Lakeshore property with rental cabins and RV sites near Alexandria.

    View details
    Land for Multi-Family Housing
    Land for Multi-Family Housing

    1610 7th Avenue E, Alexandria, MN 56308

    $249,900
    2.16 AC lot

    2.16 acre lot zoned for multi-family housing development.

    View details

    Tea, SD Multifamily Properties Market Trends and Statistics

    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

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    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 SF
    Tax Rate vs County Average 0.16 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lincoln County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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