South Dakota Residential Income Properties for Sale

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Sioux Falls, SD Rapid City, SD Aberdeen, SD Huron, SD Lead, SD Watertown, SD Spearfish, SD Tea, SD

137 properties

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Updated: Aug 10

Six-Unit Apartment Building

412 S Thompson Ave, Sioux Falls, SD 57103

$550,000

5,376 sqft

Six‑unit apartment building totaling 5,376 square feet
Five 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
Fully occupied and professionally managed
Common‑area coin‑operated laundry
Updates to boiler, HVAC, and concrete

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This listing looks promising.

Here's a quick look at some key insights for

412 S Thompson Ave, Sioux Falls, SD

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$43K
Annual
Price @ 7% Cap

$615K
Above asking
Property Type

Multi-Family Dwellings
Built 1977

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Updated: Aug 6

5-Unit Townhome Apartment Building

2627-2635 Cottontail Drive, Sturgis, SD 57785

$995,000

4,860 sqft

Five single‑level townhome units totaling 4,860 square feet
Each unit offers 2 bedrooms, 1 bath, and a single‑car garage
Private front and rear entrances with cement patios
Individual washer and dryer in every unit
Natural gas forced‑air heat and central air

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Renovated Apartment Building

700 W 6th St, Sioux Falls, SD 57104

$1,300,000

10,800 sqft 0.26 AC lot

Professionally managed multifamily property with varied unit layouts, resident storage, laundry facilities, garages, and off-street parking.

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9-Unit Apartment Building

703 S Dakota Ave, Sioux Falls, SD 57104

$780,000

5,248 sqft 0.22 AC lot

Apartment community with varied layouts, shared laundry, a detached garage, and off-street parking.

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Six-Unit Apartment Building

412 S Thompson Ave, Sioux Falls, SD 57103

$550,000

5,376 sqft 0.23 AC lot

Fully occupied multifamily asset with coin-operated laundry and a mix of one- and two-bedroom residences.

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Fourplex Townhome-Style Units

2800 E Madison St, Sioux Falls, SD 57103

$640,000

5,200 sqft 0.40 AC lot

Immaculately maintained fourplex with four townhome-style units, central HVAC, and in-unit washer and dryer hookups.

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New-Construction Duplex with Walkouts

1113 S Foss Ave, Sioux Falls, SD 57110

$1,030,000

5,592 sqft 0.41 AC lot

Two ranch-style residences feature open layouts, upgraded kitchens, and low-maintenance exterior materials.

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15-Unit Apartment Building

121-123 W 6th Ave, Mitchell, SD 57301

$1,200,000

11,280 sqft 0.11 AC lot

Fully leased multifamily property with refreshed building systems and landlord-paid gas and water.

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New-Construction Duplex

1107 S Foss Ave, Sioux Falls, SD 57110

$980,000

5,220 sqft 0.41 AC lot

Two ranch-style walkout residences offer four bedrooms, three bathrooms, and open-concept living areas.

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8-Unit Apartment Building with Zero-Entry

811 Mallow Street, Rapid City, SD 57701

$999,500

5,198 sqft 0.40 AC lot

8-unit apartment building on a paved street near downtown Rapid City, with private parking and zero-entry ground-level access.

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Two-Unit Duplex with Carport

330 N Main St, Ipswich, SD 57451

$129,900

1,823 sqft 0.45 AC lot

Corner-lot property with two separate apartments, hardwood flooring, central air, and natural gas heat.

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Quadplex with Four-Stall Garage

2601 E Pioneer Trl, Sioux Falls, SD 57103

$539,000

3,264 sqft 0.32 AC lot

Income-producing four-unit property with resident parking, public utilities, and proximity to trails, parks, restaurants, and an interstate.

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5-Unit Apartment Building with Garage

314 5th Street, Spearfish, SD 57783

$659,000

4,305 sqft

Downtown multifamily property with remodeled units, off-street parking, shared laundry, and alley-accessed garage.

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Eight-Property Quadplex Portfolio

301 Arianna Pl, Tea, SD 57064

$611,900

4,366 sqft

Eight well-maintained four-plex buildings are offered together as a multifamily portfolio in Tea, South Dakota.

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Four-Plex Rental Property

2900 E Klondike Trl, Sioux Falls, SD 57103

$549,000

3,776 sqft 0.32 AC lot

Four 2-bedroom, 1-bath units with detached single-stall garages on a public water and public sewer system.

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Nearly New 42-Unit Townhome-Style Apartments

4802 S Hosta Ave, Sioux Falls, SD 57110

$7,950,000

59,544 sqft 3.08 AC lot

Nearly new 42-unit apartment community built in 2021 with attached garages, in-unit laundry, and private patio access.

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Duplex with Attic Space

411 W Summit Street, Lead, SD 57754

$239,900

2,000 sqft

Two-level duplex requiring renovation, with off-street parking and a partially improved main level.

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Updated Duplex with Attached Garages

616 618 N Garfield Ave, Sioux Falls, SD 57104

$329,000

2,082 sqft 0.18 AC lot

Two separately metered residences offer private laundry, attached garages, and flexible owner-occupant or rental use.

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Historic Mixed-Use Building in Mitchell

117 East 3rd Avenue, Mitchell, SD 57301

$1,375,000

51,600 sqft

Mixed-use property with income potential in downtown Mitchell.

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6-Unit Brick Apartment Building

1011 S 2nd Ave, Sioux Falls, SD 57105

$675,000

5,832 sqft 0.17 AC lot

Central Sioux Falls multifamily property with mixed one- and two-bedroom units, laundry income, garage parking, and alley-accessed parking.

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Two-Unit Duplex with Rental Income

1409 N Blauvelt Ave, Sioux Falls, SD 57103

$289,900

1,824 sqft

Both residences are leased and include dedicated laundry areas.

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Five-Unit Apartment Building

511 -517 Main St S, Lennox, SD 57039

$325,000

4,372 sqft 0.16 AC lot

Income property with coin laundry, individual electric meters, and a four-stall garage.

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Two-Story Residential Income Property

814 N 8th Street, Spearfish, SD 57783

$347,000

2,481 sqft

Historic two-story property with natural gas service and a kitchen equipped with major appliances.

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Duplex with Separate ADU Apartment

324 White Street, Lead, SD 57754

$400,000

2,690 sqft

Two-level main home plus a separate ADU apartment with secured yard access, offering flexible multi-generational or rental living.

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South Dakota Residential Income Properties Market Trends and Statistics

Explore 137 residential income properties for sale in South Dakota, showcased through 137 active listings on our real estate platform. These investment opportunities span a total of 1,440,083 square feet of properties for sale, with an estimated market value of $69,862,299.

Sale prices for residential income properties in South Dakota start at $78,000, averaging $803,014, and reaching up to $7,950,000 — 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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