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    Madison, SD
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    Madison, SD Residential Income Properties for Sale

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    Multifamily Property in Madison, SD
    Updated: Nov 21, 2025
    Multifamily Property in Madison, SD

    210 Center Street West, Madison, SD 57042

    $2,500,000
    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 Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Madison, 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.

    Historic Multifamily Building For Sale
    Historic Multifamily Building For Sale

    529 North Main Avenue, Garretson, SD 57030

    $429,000
    4,800 sqft

    Multifamily property with main-floor space and on-site parking.

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    41 Acres Mixed-Use Development Site
    41 Acres Mixed-Use Development Site

    5801 N. Kiwanis Avenue, Sioux Falls, SD 57107

    $9,412,880
    1,792,893 sqft · 41.16 AC lot

    41.16-acre mixed-use development site in Sioux Falls, South Dakota.

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    Historic Mixed-Use Building For Sale
    Historic Mixed-Use Building For Sale

    529 North Main Avenue, Garretson, SD 57030

    $429,000
    4,800 sqft

    Mixed-use building with apartments and commercial space in Garretson, SD.

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    RV Park and Apartments
    RV Park and Apartments

    4501 W 12th St, Sioux Falls, SD

    $8,503,638
    15.02 AC lot

    RV park with apartments, high visibility, and commercial zoning.

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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 Land in Spruce Glen
    Residential Land in Spruce Glen

    Lt 3 Bk 8 Birdie Dr, Dell Rapids, SD 57022

    $69,900
    0.28 AC lot

    Bare lots in desirable Spruce Glen neighborhood with building options.

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    Lakefront Recreation Lot with Boat Lift
    Lakefront Recreation Lot with Boat Lift

    21425 Sunset Trail, Lake Preston, SD 57249

    $193,800
    0.46 AC lot

    Manageable lakefront lot with utilities on site, approximately 75 feet of shoreline, and a boat lift for seasonal water use.

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    Residential Lot in Humboldt, SD
    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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    Waterfront Recreation Land
    Waterfront Recreation Land

    Lot 27 Hauck's Bay Addition, Lake Preston, SD 57249

    $139,000
    3.26 AC lot

    3.26-acre lot near Lake Thompson with utilities access nearby, suited for cabin or recreational use.

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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. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,500,000.

    Sale prices for residential income properties in Madison, SD start at $2,500,000, averaging $2,500,000, and reaching up to $2,500,000 — 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

    Apartment buildings 1
    Multifamily properties 1

    Demographics Overview

    Population 7,900
    Population Growth (5Y) -15.4%
    Median Household Income $68,672
    College Educated 47.5%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    57042 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.65%
    Property Tax per SF $1.74 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

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