Madison, SD Residential income properties for sale

Updated: Nov 21, 2025

Multifamily Property in Madison, SD

210 Center Street West, Madison, SD 57042

$2,300,000

New roof (2023‑2024) and renovated parking garage (Fall 2024)
Institutional quality solid construction
Diverse unit mix: one, two‑bedroom units, some with vaulted ceilings
Large underground garage with 31 stalls
Stable tenant mix (primarily 55+)

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Madison, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 3 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.

Mixed-Use Building with Apartments

210 W Main St, Canistota, SD 57012

$269,900

2,928 sqft 0.13 AC lot

Two upper-floor apartments are leased, while commercial space remains available on the ground level.

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Four-Unit Property with Garages

528 Prairie Ave, Baltic, SD 57003

$635,000

4,032 sqft 0.37 AC lot

Four residential units provide attached garages, private patios, and individual electric and gas responsibility.

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Four-Unit Quadplex with Garages

528 Prairie Ave, Baltic, SD 57003

$635,000

4,032 sqft

Four two-bedroom residences offer private patios, appliance packages, and individual garage parking in a well-maintained property.

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4-Unit Mixed-Use Property

418 2nd Avenue, Canistota, SD 57012

Contact for pricing

0.12 AC lot

The property combines fully occupied apartments with a separate group of storage 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.

Lakefront Recreational Land

21425 Sunset Trail, Lake Preston, SD 57249

$193,800

0.46 AC lot

Shoreline parcel with utilities, a boat lift, travel trailer, and patio for seasonal lake use.

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Residential Lot in Humboldt, SD

TBD Ave, Humboldt, SD 57497

$40,000

0.25 AC lot

Residential lot in a tranquil small town near Sioux Falls.

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Residential Lot Near Lake Vermilion

TBD Reed Ct, Canistota, SD 57012

$80,000

0.75 AC lot

Residential lot near Lake Vermilion in Canistota, South Dakota.

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Madison, SD Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Madison, SD on our real estate platform.

Sale prices for residential income properties in Madison, SD average $2,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
57042	$2.3M

Neighborhood

Average Price

57042

$2.3M

Madison, SD Residential Income Properties for Sale

210 Center Street West, Madison, SD 57042