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    Watertown, SD Multifamily Properties for Sale

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    Goodwin, SD Arlington, SD Estelline, SD
    Historic Mixed-Use Building For Sale
    $359,900
    6,000 SF

    Historic Mixed-Use Building For Sale

    15 1st Ave SE, Watertown, SD 57201

    Mixed-use building with commercial tenants and residential apartments.

    • Prime downtown Watertown location.
    • Strong investment opportunity with built‑in income.
    • Two long‑term commercial tenants on the main level providing cash flow.
    • Two, 2 bed, 1 bath apartments on the upper floor.
    • Basement in incredible condition with income‑producing potential.
    Updated: Feb 17
    View details
    2015 Duplex Mobile Home
    $179,900

    2015 Duplex Mobile Home

    415-417 KAMPESKA BOULEVARD, Watertown, SD 57201

    2015 duplex mobile home with rental income potential.

    • Duplex configuration provides immediate rental income from two units.
    • Each unit includes essential appliances: stove, refrigerator, and microwave.
    • Each unit features a private deck accessible through a patio door.
    • Includes a two‑stall garage, with one stall assigned to each unit.
    • On‑site laundry facilities are available.
    Updated: Apr 28, 2025
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    New Apartment Building in Watertown
    Contact for pricing
    95,544 SF

    New Apartment Building in Watertown

    63-unit apartment building, 90% complete, in Watertown, South Dakota.

    315 E Kemp Ave, Watertown, SD 57201
    View details
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 3 Active listings in Watertown, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, 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.

    Madison Multifamily Investment Opportunity
    $980,000
    0.64 Acres

    Madison Multifamily Investment Opportunity

    24-unit apartment complex with recent updates in Madison, Minnesota.

    207 And 213 9th Avenue, Madison, MN 56256
    View details
    Well-Maintained 5-Plex Apartment Building
    $599,900
    5,744 SF

    Well-Maintained 5-Plex Apartment Building

    Single-level 5-plex built in 2005 with garages in Huron.

    2405-2416 Prairie Eagle Cir, Huron, SD 57350
    View details
    Multifamily Property in Madison, SD
    $2,500,000

    Multifamily Property in Madison, SD

    Former high school converted to multifamily with underground parking.

    210 Center Street West, Madison, SD 57042
    View details
    136 Acres Land Banking Opportunity
    $2,051,250
    136.00 Acres

    136 Acres Land Banking Opportunity

    136-acre parcel for affordable housing development in Huron, SD.

    Str 13-110-62, Huron, SD 57350
    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.

    Lake Thompson Waterfront Recreational Lot
    $193,800
    0.46 Acres

    Lake Thompson Waterfront Recreational Lot

    0.46 acre lot with 75 feet of lake frontage.

    21425 Sunset Trail, Lake Preston, SD 57249
    View details
    Land for Multi-Family Housing
    $249,900
    2.16 Acres

    Land for Multi-Family Housing

    2.16 acre lot zoned for multi-family housing development.

    1610 7th Avenue E, Alexandria, MN 56308
    View details
    Waterfront Recreational Land Parcel
    $124,900
    9.30 Acres

    Waterfront Recreational Land Parcel

    Private lakeshore acreage with a gravel central drive and recognized RV or seasonal campground potential, subject to approvals.

    Fulda, MN 56131
    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

    Off-Market Properties in Watertown, SD

    Consider similar Off-Market properties in Watertown, 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.

    16 Kemp Ave
    Restaurants
    9,700 SF
    Value Estimation by Request

    16 Kemp Ave, Watertown, SD 57201

    View details
    315 Kemp Ave
    Individual retail properties
    95,962 SF
    Value Estimation by Request

    315 Kemp Ave, Watertown, SD 57201

    View details
    1 Kemp And 6 - 8
    Individual retail properties
    52,642 SF
    Value Estimation by Request

    1 Kemp And 6 - 8, Watertown, SD 57201

    View details

    Watertown, SD Multifamily Properties Investment Opportunities Market Analysis

    Explore 6 multifamily properties for sale in Watertown, SD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,000 square feet of properties for sale, with an estimated market value of $359,900.

    Sale prices for multifamily properties in Watertown, SD start at $359,900, averaging $359,900, and reaching up to $359,900 — 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 2
    Duplexes 1

    Demographics Overview

    Population 26K
    Population Growth (5Y) +4.3%
    Median Household Income $64,809
    College Educated 27.5%

    High-Yield Neighborhoods for Investment

    Identify Watertown submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    57201 $269.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.34%
    Average Loan-to-Value 65.0%

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