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    Watertown, SD
    Multifamily

    Watertown, SD Multifamily Properties for Sale

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    Goodwin, SD Lake Norden, SD Arlington, SD Estelline, SD
    Twin Home Duplex
    Updated: May 15
    Twin Home Duplex

    1625 Northridge Dr, Watertown, SD 57201

    $359,000
    1,580 sqft 0.08 AC lot
    3‑bedroom, 2‑full‑bath twin home built in 2005
    Corner lot with greenspace views
    Newly installed carpet; tile and carpet flooring throughout
    Eat‑in kitchen with space for formal dining
    Two‑car attached garage plus separate mechanical room
    View details
    New Apartment Building in Watertown
    Updated: Mar 11
    New Apartment Building in Watertown

    315 E Kemp Ave, Watertown, SD 57201

    Contact for pricing
    95,544 sqft
    Opportunity to acquire a 63‑unit apartment building in a growing city.
    Brand new construction (Year Built: 2025), 90% complete.
    Located in a desirable area of Watertown, South Dakota.
    Proximate to restaurants, gyms, parks, and other community staples.
    Excellent investment opportunity to finish construction and create a new community.
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    Furnished Multifamily Apartment Building
    Furnished Multifamily Apartment Building

    309 8th Ave SE, Watertown, SD 57201

    $2,700,000

    Multifamily property with 45 modern furnished units offering short- or long-term leasing flexibility.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    2015 Duplex Mobile Home
    2015 Duplex Mobile Home

    415-417 KAMPESKA BOULEVARD, Watertown, SD 57201

    $179,900

    2015 duplex mobile home with rental income potential.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 4 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.

    Converted Duplex with Shared Patio
    Converted Duplex with Shared Patio

    111 Coleman Avenue, Montevideo, MN 56265

    $139,000
    1,170 sqft 0.19 AC lot

    Two-unit residential income property with separate utilities and in-unit laundry and pantry space.

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    Montevideo Multifamily Investment Opportunity
    Montevideo Multifamily Investment Opportunity

    215 S 5th St, Montevideo, MN 56265

    $899,900
    8,619 sqft

    Nine-unit multifamily property in Montevideo's stable rental market.

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    Duplex with Two Separate Entrances
    Duplex with Two Separate Entrances

    617 W 3rd Street, Madison, MN 56256

    $79,500
    713 sqft 0.05 AC lot

    Over/under duplex offers two units with independent access, including a fully equipped upper layout and a remodeled main floor.

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    Multifamily Property in Madison, SD
    Multifamily Property in Madison, SD

    210 Center Street West, Madison, SD 57042

    $2,500,000

    Former high school converted to multifamily with underground parking.

    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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    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
    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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    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 7 multifamily properties for sale in Watertown, SD, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 1,580 square feet of properties for sale, with an estimated market value of $359,000.

    Sale prices for multifamily properties in Watertown, SD start at $359,000, averaging $359,000, and reaching up to $359,000 — 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 2
    Duplexes 2
    Short term rental properties 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 average listing prices of real estate assets

    Neighborhood Average Price
    57201 $1.1M

    Taxes & Financing

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

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