Residential Income

Elk Point, SD Residential Income Properties for Sale

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Updated Five-Unit Apartment Building
Updated: Mar 12
Updated Five-Unit Apartment Building

304 S Douglas, Elk Point, SD 57025

$475,000
7,536 sqft 0.18 AC lot
Five‑unit apartment building with three 3‑bedroom and two 2‑bedroom units
7,536 square feet on a 0.183‑acre lot
Exterior improvements include vinyl siding, a new roof, and new windows
Each unit has designated off‑street parking
One block from Elk Point‑Jefferson School and downtown Elk Point
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Mixed-Use Building with Restaurant
Updated: Jun 18
Mixed-Use Building with Restaurant

103 E Main, Elk Point, SD 57025

$515,000
Four rental units within a mixed‑use building
Main‑floor restaurant component with liquor license
Two apartments plus basement rental space
Stoves and refrigerators included
Basement tables and chairs remain
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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Elk Point, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

24-Unit Renovated Apartment Property
24-Unit Renovated Apartment Property

1000-1008 S Crawford Rd, Vermillion, SD 57069

$2,080,000
0.72 AC lot

Two-building residential income property with full occupancy and a unit mix weighted toward two-bedroom residences.

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Vermillion Multifamily Investment Opportunity
Vermillion Multifamily Investment Opportunity

1000 South Crawford Road, Vermillion, SD 57069

Contact for pricing
6,560 sqft 0.72 AC lot

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

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North Sioux City Apartments
North Sioux City Apartments

1300-1302 Quiniela Dr, North Sioux City, SD, North Sioux City, SD 57049

Contact for pricing
93,560 sqft

130-unit multifamily community built in 2014 and 2015.

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Two-Bedroom Apartment Complex
Two-Bedroom Apartment Complex

340 Streeter Dr, North Sioux City, SD 57049

Contact for pricing

Forty-unit property with five 8-plexes built in 1976, offering two-bedroom one-bath units.

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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.

Residential Lot Ready for Custom Home
Residential Lot Ready for Custom Home

1207 Jack Nicklaus Dr, Elk Point, SD 57025

$55,000
0.37 AC lot

Build your custom home on a residential lot with city utilities and protective covenants in Elk Point.

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Residential Building Lot in R-1
Residential Building Lot in R-1

1105 Country Club Drive, Elk Point, SD 57025

$30,000
0.21 AC lot

Corner lot in Elk Point with city sewer, water, electricity, and garbage service plus natural gas available.

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Residential Lot in Elk Point
Residential Lot in Elk Point

1206 Jack Nicklaus Dr, Elk Point, SD 57025

$35,000
0.24 AC lot

Shovel-ready lot for custom home in Elk Point, SD.

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Shovel-Ready Residential Building Lot
Shovel-Ready Residential Building Lot

1108 Country Club Drive, Elk Point, SD 57025

Contact for pricing
0.34 AC lot

Build-ready lot with 75 feet of frontage, City utilities available, and protective covenants in place.

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Elk Point, SD Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Elk Point, SD on our real estate platform. These investment opportunities span a total of 7,536 square feet of properties for sale, with an estimated market value of $990,000.

Sale prices for residential income properties in Elk Point, SD start at $475,000, averaging $495,000, and reaching up to $515,000 — 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

Multifamily properties 2
Apartment buildings 1

Demographics Overview

Population 3,165
Population Growth (5Y) +6.0%
Median Household Income $88,466
College Educated 41.6%

High-Yield Neighborhoods for Investment

Identify Elk Point submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
57025 $495K

Taxes & Financing

Tax Rate (average for all types) 1.49%
Property Tax per SF $21.39 per SF
Tax Rate vs County Average 0.22 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Union County

New Delisted

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