Clay County, SD Residential income properties for sale

Updated: May 22

Stabilized 24-Unit Apartment Property

1000-1008 S Crawford Rd, Vermillion, SD 57069

$2,080,000

0.72 AC lot

Stabilized 24‑unit multifamily in Vermillion, SD, built in 1979
100% occupied with consistent tenant demand tied to the University of South Dakota
Two buildings on 0.72 acres with a unit mix of 22 two‑bedroom/one‑bath and 2 one‑bedroom/one‑bath units
Nearly fully renovated and supported by current and pro forma income
Offered at $2,080,000 with 7.00% cap rate; current NOI $145,553 and pro forma NOI $162,370

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Updated: Feb 10

Two-Unit Duplex with Extra Parking

216-216 1/2 High, Vermillion, SD 57069

$199,900

1,676 sqft · 0.35 AC lot

Two‑lot property with front house plus back cottage, offering room to expand if desired
Front house (216): 4 bedrooms, 2 baths, 2‑story with an unfinished basement and attached shed
Front house updates include newer windows, plus enclosed front porch and open back porch
Heating and cooling: forced air heat with central air and window unit(s); includes 2 furnaces
Rental income: front rent $1,675/mo with owner paying utilities; back cottage (216 1/2) rents for $525/mo and tenants pay utilities

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Up-and-Down Duplex with Separate Units

216-218 W Cedar, Vermillion, SD 57069

$169,900

1,924 sqft · 0.15 AC lot

Two separate rental units each with in-unit W/D and independent heating and cooling.

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Vermillion Multifamily Investment Opportunity

1000 South Crawford Road, Vermillion, SD 57069

$2,080,000

6,560 sqft · 0.72 AC lot

Stabilized 24-unit multifamily property in Vermillion, South Dakota.

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Student Housing Portfolio Opportunity

1000 N Dakota St, Vermillion, SD 57069

$19,500,000

Student housing portfolio totaling 310 beds across 127 units.

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Student Housing Investment Opportunity

1001 N Dakota St, Vermillion, SD 57069

$12,500,000

Student housing near the University of South Dakota.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 Active listings in Clay County, SD, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

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.

Waterfront Land with Recreation Access

460th Ave. and Daniel Place, Vermillion, SD 57069

$320,000

8.00 AC lot

Waterfront acreage near a boat landing, with utility and ramp access to be installed by the seller.

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Waterfront Land with Missouri River Access

46055 Daniel Place, Vermillion, SD 57069

$315,000

3.35 AC lot

Build on combined parcels with 210 feet of Missouri River frontage in Discovery Landing.

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Missouri Riverfront Building Lot

46047 Daniel Place, Vermillion, SD 57069

$279,000

2.37 AC lot

Waterfront property at Discovery Landing with 200 feet of Missouri River frontage and utilities already installed on the lots.

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Waterfront Residential Development Lot

46043 Daniel Place, Vermillion, SD 57069

$272,000

2.20 AC lot

Missouri River frontage lot at Discovery Landing with utility access for building a primary or vacation home.

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