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    Philip, SD
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    Philip, SD Residential Income Properties for Sale

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    Section 8 Multifamily Apartment Building
    Updated: Nov 16, 2025
    Section 8 Multifamily Apartment Building

    101 Center Ave, Philip, SD 57567

    Contact for pricing
    16,596 sqft
    HUD Section 8 (HAP Contract) property in Philip, SD with 100% project‑based subsidy covering 16 units (100%).
    Unit mix includes sixteen 1‑bedroom/1‑bath units and three commercial spaces.
    Section 8 contract #: SD99‑H001‑070; 20‑year term with expiration May 31, 2040 and renewal option (Option 4).
    Commercial tenants include Daymond Lurz ($350/month), State Farm Insurance ($340/month), and Elizabeth Boardman ($300/month).
    Building amenities include a community room, main floor laundry room, elevator, and onsite property management office.
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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 14 Potential Opportunities for your consideration. Besides 1 Active listings in Philip, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, 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.

    Four-Plex Residential Income Property
    Four-Plex Residential Income Property

    2100 E Ida St, Sturgis, SD 57785

    $559,900
    4,572 sqft

    Well-maintained four-plex with in-unit laundry hookups, designated storage, and outdoor decks/patios.

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    Triplex Income Property Fixer-Upper
    Triplex Income Property Fixer-Upper

    1958 Junction Avenue, Sturgis, SD 57785

    $249,500

    Triplex with three rented single-family homes needing significant updates and repairs.

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    Updated Mobile Home in Rapid
    Updated Mobile Home in Rapid

    1980 Lot #33 Country Road, Rapid City, SD 57701

    $78,000

    Move-in ready 3 bed, 2 bath mobile home for sale.

    View details
    Duplex with Separate Basement Entrance
    Duplex with Separate Basement Entrance

    518 E Philadelphia St, Rapid City, SD 57701

    Contact for pricing

    Newly updated duplex with two bedrooms on the main level and a separate 1 bed, 1 bath basement entrance.

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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.

    Graded Commercial Development Land
    Graded Commercial Development Land

    Liberty Boulevard, Box Elder, SD 57719

    $3,750,000
    24.76 AC lot

    Fully graded land with city utilities available, positioned near Ellsworth AFB and Interstate 90 for multifamily or mixed-use development.

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    Acreage with No Covenants
    Acreage with No Covenants

    Antelope Flats Drive, Box Elder, SD 57719

    $200,500
    25.00 AC lot

    Approximately 25 acres with no covenants and no zoning, allowing flexible planning for residential or commercial use.

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    Commercial Land Off Villa Drive
    Commercial Land Off Villa Drive

    Villa Drive, Box Elder, SD 57719

    $315,810
    1.00 AC lot

    Developable commercial land with direct access from Villa Drive and visibility from Liberty Boulevard.

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    Residential Lots in Copperfield Vista
    Residential Lots in Copperfield Vista

    3218 Fran Way, Rapid City, SD 57703

    $87,150
    0.29 AC lot

    Premium residential lots in a growing Rapid City location.

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    Off-Market Properties in Philip, SD

    Consider similar Off-Market properties in Philip, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Philip, SD 57567
    APARTMENT HOUSE (5+ UNITS)

    Philip, SD 57567

    Value Estimation by Request
    7,200 sqft 0.72 AC lot
    View details
    165 Ctr Ave
    APARTMENT HOUSE (5+ UNITS)

    165 Ctr Ave, Philip, SD 57567

    Value Estimation by Request
    2,525 sqft 0.07 AC lot
    View details
    108 12th S Larimer Ave
    APARTMENT HOUSE (5+ UNITS)

    108 12th S Larimer Ave, Philip, SD 57567

    Value Estimation by Request
    1,416 sqft 0.09 AC lot
    View details
    402 Larimer Ave
    APARTMENT HOUSE (5+ UNITS)

    402 Larimer Ave, Philip, SD 57567

    Value Estimation by Request
    1,650 sqft 0.29 AC lot
    View details
    Philip, SD 57567
    APARTMENT HOUSE (5+ UNITS)

    Philip, SD 57567

    Value Estimation by Request
    4,154 sqft 0.29 AC lot
    View details

    Philip, SD Residential Income Properties Market Trends and Statistics

    Explore 6 residential income properties for sale in Philip, SD on our real estate platform. These investment opportunities span a total of 16,596 square feet of properties for sale.

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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 1,014
    Population Growth (5Y) -31.6%
    Median Household Income $55,542
    College Educated 18.1%

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