Property summary
This exceptional multifamily investment opportunity presents a 45-unit apartment building situated on a spacious 3.7-acre lot in Aberdeen, South Dakota. Located at 1601 N Main St, this three-story building boasts a total of 80,772 square feet, offering a compelling price per square foot of $40.24 and a price per unit of $72,222.22. The property's unit mix includes one 2-bedroom unit, six 1-bedroom units, and thirty-eight 4-bedroom units, each featuring one bathroom. A significant advantage… is the ample on-site parking, providing 175 spaces for residents. Adding to the building's appeal are community kitchens and recreation areas conveniently located on each floor. This property is situated on the former Presentation College campus in north Aberdeen, offering a desirable location and potential for strong rental income. The asking price for this substantial multifamily complex is $3,250,000. This presents a rare chance to acquire a well-maintained, high-occupancy apartment building in a growing area. The property's size, unit configuration, and ample parking make it an attractive investment for both seasoned and emerging real estate investors. The convenient location and existing amenities contribute to its strong potential for long-term profitability. This is a turnkey opportunity to acquire a significant multifamily asset in a desirable location.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
9 properties nearbyComparable nearby
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
- Cap Rate Calculation
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
