Vermillion, SD Multifamily properties for sale

Updated: May 22

Stabilized Apartment Building with 24 Units

1000-1008 S Crawford Rd, Vermillion, SD 57069

$2,080,000

0.72 AC lot

24‑unit multifamily property in Vermillion, South Dakota, built in 1979
100% occupied; supported by consistent demand from the University of South Dakota and surrounding region
Nearly fully renovated with limited capital needs reported
Two buildings on 0.72 acres; unit mix of 22 two‑bedroom/one‑bath and 2 one‑bedroom/one‑bath residences
Pricing at $2,080,000 with a 7.00% cap rate

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Updated: Feb 10

Two-Unit Duplex with Extra Parking

216-216 1/2 High, Vermillion, SD 57069

$199,900

1,676 sqft 0.35 AC lot

Two‑lot property with front 4‑bedroom, 2‑bath 2‑story home and back 1‑bedroom, 1‑bath rental cottage
Front house features newer windows, enclosed front porch, and open back porch with an unfinished basement and attached shed
Front house has 2 furnaces and forced air heating; cooling includes central air and window units
Current rental income includes $1,675/mo for the front house (owner pays utilities) and $525/mo for the back cottage (tenant pays utilities)
Front house rent is in place through 5/31/26; delivery can be arranged for owner‑occupants to keep either unit rented or vacant as desired

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Two-Unit Duplex With Private Entries

216-218 W Cedar, Vermillion, SD 57069

$169,900

1,924 sqft 0.15 AC lot

Up-and-down duplex offers two bedrooms per unit, separate heating and A/C, and in-unit washer/dryer hookups.

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Vermillion Multifamily Investment Opportunity

1000 South Crawford Road, Vermillion, SD 57069

$2,080,000

6,560 sqft 0.72 AC lot

Stabilized 24-unit multifamily property in Vermillion, South Dakota.

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Student Housing Portfolio Opportunity

1000 N Dakota St, Vermillion, SD 57069

$19,500,000

Student housing portfolio totaling 310 beds across 127 units.

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Student Housing Investment Opportunity

1001 N Dakota St, Vermillion, SD 57069

$12,500,000

Student housing near the University of South Dakota.

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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Vermillion, 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.

Fully Leased Eightplex Apartment

509 N. 5th Street, Beresford, SD 57004

$700,000

7,258 sqft

Fully leased two-story eightplex with on-site common area laundry, four garage stalls, and recent exterior renovations.

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Updated Apartment Building

304 S Douglas, Elk Point, SD 57025

$475,000

7,536 sqft 0.18 AC lot

Five updated units offer designated off-street parking and include both 2- and 3-bedroom layouts.

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Multifamily Investment Opportunity

510 N. 5th Street, Beresford, SD 57004

$700,000

14,516 sqft

Fully leased multifamily property with recent renovations and garage stalls.

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Multi-Unit Building with Restaurant

103 E Main, Elk Point, SD 57025

$515,000

Well maintained building offers four rental units, including a main-floor restaurant, and includes a liquor license.

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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.

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.

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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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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.

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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.

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