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    Wakonda, SD
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    Wakonda, SD Multifamily Properties for Sale

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    Volin, SD Vermillion, SD Mission Hill, SD Centerville, SD Gayville, SD Yankton, SD Beresford, SD Saint Helena, NE
    8-Unit Multifamily Building
    Updated: Jul 9
    8-Unit Multifamily Building

    611 1st St, Wakonda, SD 57073

    $465,000
    8‑unit multifamily building built in 1975 in Wakonda, SD
    Unit mix includes seven 2‑bedroom units and one 1‑bedroom unit
    Off‑street parking for residents
    On‑site coin‑operated laundry
    New pitched roof completed in spring 2026
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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 Wakonda, 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
    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.

    View details
    Multifamily Investment Opportunity
    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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    Two-Unit Duplex with Extra Parking
    Two-Unit Duplex with Extra Parking

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

    $199,900
    1,676 sqft 0.35 AC lot

    Two income units on two lots with extra parking and an unfinished basement in the larger front home.

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    Student Housing Investment Opportunity
    Student Housing Investment Opportunity

    1001 N Dakota St, Vermillion, SD 57069

    $12,500,000

    Student housing near the University of South Dakota.

    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.

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    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.

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    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

    Wakonda, SD Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Wakonda, SD on our real estate platform.

    Sale prices for multifamily properties in Wakonda, SD average $465,000 — 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 516
    Population Growth (5Y) -30.8%
    Median Household Income $70,893
    College Educated 45.9%

    Taxes & Financing

    Tax Rate (average for all types) 2.45%
    Property Tax per SF $39.08 per SF
    Tax Rate vs County Average 0.36 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clay County

    New Delisted

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