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    Watertown, SD
    Multifamily

    Watertown, SD Multifamily Properties for Sale

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    Florence, SD Goodwin, SD Lake Norden, SD Arlington, SD Estelline, SD Clear Lake, SD
    Corner-Lot Duplex with Attached Garage
    Updated: May 15
    Corner-Lot Duplex with Attached Garage

    1625 Northridge Dr, Watertown, SD 57201

    $356,000
    1,580 sqft 0.08 AC lot
    3‑bedroom, 2‑full‑bath duplex with 1,580 square feet
    Built in 2005 on a 0.08‑acre corner lot
    Two‑car attached garage with separate mechanical room
    Eat‑in kitchen with room for formal dining
    New carpet plus included refrigerator, washer, and dryer
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    22-Unit Mixed-Use Property
    Updated: Nov 26, 2025
    22-Unit Mixed-Use Property

    114 -122 E Kemp Ave, Watertown, SD 57201

    Contact for pricing
    45,039 sqft
    22 total units combining commercial storefronts and residential apartments
    Long‑term tenants include Gather Coffee, Watertown Confectionary, Diamond Vogel, the local newspaper, and a tuxedo shop
    Unfinished basement offers additional space for future expansion
    Located at 114 -122 E Kemp Ave in downtown Watertown, SD
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    Parkside Place Mixed-Use Building
    Parkside Place Mixed-Use Building

    8 2nd St NE, Watertown, SD 57201

    Contact for pricing

    Contemporary property combining residential apartments with fully occupied retail space.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 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

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    10-Unit Apartment Building
    10-Unit Apartment Building

    255 2nd St SW, Huron, SD 57350

    $549,900
    20,056 sqft 0.34 AC lot

    Two-story multifamily property with mixed one- and two-bedroom residences, lower-level storage, and shared laundry facilities.

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    Well-Maintained 5-Plex Apartment Building
    Well-Maintained 5-Plex Apartment Building

    2405-2416 Prairie Eagle Cir, Huron, SD 57350

    $599,900
    5,744 sqft 0.46 AC lot

    Single-level 5-plex with five units and individual garages, offering an income-producing multifamily setup in Huron.

    View details
    Over-Under Duplex with Separate Entrances
    Over-Under Duplex with Separate Entrances

    617 W 3rd Street, Madison, MN 56256

    $79,500
    713 sqft 0.05 AC lot

    Two apartments provide distinct living areas, kitchens, bathrooms, and laundry rooms within a frame residence.

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    Over-Under Duplex
    Over-Under Duplex

    617 W 3rd St, Madison, MN 56256

    $79,500
    713 sqft

    Two-level duplex with separate entrances, individual laundry rooms, and a two-bedroom upper apartment.

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    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

    16 Kemp Ave, Watertown, SD 57201

    Value Estimation by Request
    9,700 sqft
    View details
    315 Kemp Ave
    Individual retail properties

    315 Kemp Ave, Watertown, SD 57201

    Value Estimation by Request
    95,962 sqft
    View details
    1 Kemp And 6 - 8
    Individual retail properties

    1 Kemp And 6 - 8, Watertown, SD 57201

    Value Estimation by Request
    52,642 sqft
    View details

    Watertown, SD Multifamily Properties Market Trends and Statistics

    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 46,619 square feet of properties for sale, with an estimated market value of $356,000.

    Sale prices for multifamily properties in Watertown, SD average $356,000 — 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 26K
    Population Growth (5Y) +4.3%
    Median Household Income $64,809
    College Educated 27.5%

    Taxes & Financing

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

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