Vermillion, SD Residential income properties for sale

Updated: May 22

Stabilized 24-Unit Apartment Building

1000-1008 S Crawford Rd, Vermillion, SD 57069

$2,080,000

0.72 AC lot

24‑unit multifamily property in Vermillion, South Dakota, built in 1979
100% occupied; supported by consistent demand from the University of South Dakota and surrounding region
Nearly fully renovated with limited capital needs reported
Two buildings on 0.72 acres; unit mix of 22 two‑bedroom/one‑bath and 2 one‑bedroom/one‑bath residences
Pricing at $2,080,000 with a 7.00% cap rate

View details

Updated: Feb 10

Residential Income Duplex Cottage

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

$199,900

1,676 sqft 0.35 AC lot

Two‑lot property with front house (216) and back house (216 1/2) with separate rental arrangements
Front house: 4‑bedroom, 2‑bath, 2‑story home with an unfinished basement and attached shed; rents for $1,675/mo with owner‑paid utilities
Back house (216 1/2): 1‑bedroom, 1‑bath cottage renting for $525/mo; tenant pays all utilities
Year built 1887; most of the front house has newer windows
Heating and cooling include forced air, central air, and window unit(s); front house has 2 furnaces

View details

Up-and-Down Duplex with Separate Systems

216-218 W Cedar, Vermillion, SD 57069

$169,900

1,924 sqft 0.15 AC lot

An up-and-down duplex with two units, each featuring its own washer/dryer hookups and separate heating and cooling.

View details

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

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.

View details

Student Housing Portfolio Opportunity

1000 N Dakota St, Vermillion, SD 57069

Contact for pricing

Student housing portfolio totaling 310 beds across 127 units.

View details

Student Housing Investment Opportunity

1001 N Dakota St, Vermillion, SD 57069

Contact for pricing

Student housing near the University of South Dakota.

View details

Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Vermillion, 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.

Fully Leased Eightplex Apartment

509 N. 5th Street, Beresford, SD 57004

$700,000

7,258 sqft

Fully leased two-story eightplex with on-site common area laundry, four garage stalls, and recent exterior renovations.

View details

Updated Apartment Complex

304 S Douglas, Elk Point, SD 57025

$475,000

7,536 sqft 0.18 AC lot

Apartment complex with five units offering off-street parking, updated exterior, and a mix of 3- and 2-bedroom layouts.

View details

Multifamily Investment Opportunity

510 N. 5th Street, Beresford, SD 57004

$700,000

14,516 sqft

Fully leased multifamily property with recent renovations and garage stalls.

View details

Multi-Unit Building with Restaurant

103 E Main, Elk Point, SD 57025

$515,000

Well maintained building offers four rental units, including a main-floor restaurant, and includes a liquor license.

View details

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.

Rural Land Parcel Near Boat Landing

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

$320,000

8.00 AC lot

Rural acreage near a boat landing, with municipal water and electric available and seller-installed access and utilities.

View details

Waterfront Land with River Frontage

46055 Daniel Place, Vermillion, SD 57069

$315,000

3.35 AC lot

Waterfront lot offering 210 feet of Missouri River frontage and native vegetation, with utilities installed on-site.

View details

Waterfront Land Parcel

46047 Daniel Place, Vermillion, SD 57069

$279,000

2.37 AC lot

Missouri River lot with 200 feet of river frontage, native vegetation, and utilities installed at Discovery Landing.

View details

Missouri River Waterfront Land Parcel

46043 Daniel Place, Vermillion, SD 57069

$272,000

2.20 AC lot

Waterfront land at Discovery Landing with 200 feet of Missouri River frontage and utilities installed on-site.

View details