South Dakota Residential Income Properties for Sale

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Sioux Falls, SD Rapid City, SD Aberdeen, SD

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Updated: May 20

Duplex with Separate Utilities

310 & 308 S Walts Ave, Sioux Falls, SD 57104

$215,000

1,813 sqft · 0.14 AC lot

High‑performing 2‑unit duplex built in 1885, priced at $225k
Gross potential rent of $2,024/mo ($1,050 upper and $974 lower)
Each unit offers 2 bedrooms and 1 bathroom, with separate meters and individual HVAC
Tenants pay all utilities; public water and public sewer service
Includes a full basement, shared laundry area, and a 2‑stall garage plus large driveway for parking

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310 & 308 S Walts Ave, Sioux Falls, SD 57104-3545

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Est. Cap Rate

7.4%
Above avg (5.9%)
Est. NOI

$16K
Annual
Price @ 7% Cap

$226K
Above asking
Property Type

Single Family Residence
Built 1885

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Updated: Jun 29

Single-Level 4-Plex Rental Buildings

1100 E Elder St, Canton, SD 57013

$2,150,000

13,984 sqft · 1.49 AC lot

Four 4‑plex buildings (4 units total) with 2BR/1BA units; laundry hookups in each unit
Each unit includes a single attached garage; all living space is on one level with no steps
Tenant‑paid utilities with public water and public sewer; heating is natural gas forced air
Updated exterior with new siding in 2023; recent interior paint and floor coverings in many units
Roof is composition; construction includes HardiPlank Type siding

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Four-Plex Townhome-Style Rental

2800 E Madison St, Sioux Falls, SD 57103

$640,000

5,200 sqft · 0.40 AC lot

Immaculately maintained four-plex with two-bedroom units, in-unit laundry, and tenant parking for steady residential income.

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8-Unit Apartment Building with Parking

811 Mallow Street, Rapid City, SD 57701

$999,500

5,198 sqft · 0.40 AC lot

Eight-unit apartment building with private parking, zero-entry ground access, and in-unit laundry plus separate electric meters.

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Turnkey Motel/Airbnb Investment Opportunity

450 W Kansas Street, Spearfish, SD 57783

$1,700,000

5,787 sqft · 0.67 AC lot

20-unit motel/Airbnb with development potential in Spearfish, SD.

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Fourplex with Detached Garages

2900 E Klondike Trl, Sioux Falls, SD 57103

$549,000

3,776 sqft · 0.32 AC lot

Four spacious two-bedroom units each include a detached single-stall garage, supporting straightforward resident parking and storage.

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Well-Maintained 4-Plex Property

3005 S Cliff Ave, Sioux Falls, SD 57105

$600,000

4,260 sqft · 0.48 AC lot

Well-kept four-unit property with central air, boiler heat, wood-burning fireplaces, and eight garages.

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Spearfish Commercial Building with Expansion Potential

3103 E Fairgrounds Loop, Spearfish, SD 57783

$1,299,000

9,600 sqft · 0.90 AC lot

Established commercial building near I-90 with income and expansion potential.

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Sioux Falls 6-Plex Investment

1011 S 2nd Ave, Sioux Falls, SD 57105

$675,000

5,832 sqft · 0.17 AC lot

Well-maintained 6-plex in central Sioux Falls with income potential.

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Five-Unit Multifamily Property

511 -517 Main St S, Lennox, SD 57039

$325,000

4,372 sqft · 0.16 AC lot

Five-unit rental building with coin-operated laundry, separate electric meters, and a newer boiler for reliable heating.

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Stabilized 24-Unit Apartment Property

1000-1008 S Crawford Rd, Vermillion, SD 57069

$2,080,000

0.72 AC lot

Two-building multifamily community with 24 units and near-complete renovations, currently 100% occupied.

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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.

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Spearfish Mixed-Use Investment Opportunity

3225 Old Belle Road, Spearfish, SD 57783

$1,599,000

3,950 sqft · 1.62 AC lot

Successful business and investment property on 1.62 acres near Exit 8.

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Furnished Triplex in Sioux Falls

2504 S Summit Ave, Sioux Falls, SD 57105

$450,000

2,420 sqft · 0.22 AC lot

Triplex with flexible rental potential near amenities in Sioux Falls.

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Investment Duplex and Office Barn

3225 Old Belle Road, Spearfish, SD 57785

$900,000

3,950 sqft · 1.62 AC lot

Income-producing duplex plus a mostly finished barn currently leased as office and storage on expand-ready acreage.

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Mixed-Use Building with Hair Salon

524 N Main Ave, Garretson, SD 57030

$113,999

1,414 sqft · 0.08 AC lot

Two-story mixed-use property combining a leased hair salon with an upstairs 2-bedroom apartment.

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Triplex with Two Vacant Units

624 W 11th St, Sioux Falls, SD 57104

$225,000

2,948 sqft · 0.16 AC lot

Triplex offering a mix of an occupied 2-bedroom unit and two vacant 1-bedroom units, with repair and update needs.

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Completely Updated Apartment Complex

304 S Douglas, Elk Point, SD 57025

$475,000

7,536 sqft · 0.18 AC lot

Updated five-unit apartment complex with designated off-street parking for each unit near school and downtown.

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Triplex with Updated Systems

801 W 13th St, Sioux Falls, SD 57104

$259,900

1,784 sqft · 0.07 AC lot

Triplex for sale with separately metered utilities and recent interior and system upgrades across the units.

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Spearfish Land with Income Potential

3225 Old Belle Road, Spearfish, SD 57783

$900,000

3,950 sqft · 1.62 AC lot

1.62 acres with barn, duplex, and expansion possibilities.

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Five-Plex Residential Income Building

1118 W 8th St, Sioux Falls, SD 57104

$314,000

2,204 sqft · 0.15 AC lot

Five 1-bedroom, 1-bath units with recent interior and exterior updates, plus a detached garage for added income.

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8-Unit Multifamily with Off-Street Parking

10 E QUINCY, Rapid City, SD 57701

$899,000

Centrally located 8-unit multifamily property with off-street parking and landlord-paid utilities.

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Downtown 5-Plex Residential Income

314 5th Street, Spearfish, SD 57783

$659,000

4,305 sqft

Five-unit apartment building with updated interiors, detached garage access, and an on-site common laundry area.

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Iconic Restaurant with Apartment

306 N veterans St, Flandreau, SD 57028

$900,000

8,640 sqft · 8.76 AC lot

Two-level restaurant with dining, lounge, bar, and a lower-level two-bedroom apartment plus party rooms.

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South Dakota Residential Income Properties Market Trends and Statistics

Explore 110 residential income properties for sale in South Dakota, showcased through 110 active listings on our real estate platform. These investment opportunities span a total of 2,814,108 square feet of properties for sale, with an estimated market value of $139,133,175.

Sale prices for residential income properties in South Dakota start at $110,000, averaging $2,046,076, and reaching up to $31,000,000 — 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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