Residential Income

Wakonda, SD Residential Income Properties for Sale

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Volin, SD Irene, SD Centerville, SD Vermillion, SD Mission Hill, SD Gayville, SD Yankton, SD Beresford, SD
8-Unit Multifamily Building
Updated: Jul 9
8-Unit Multifamily Building

611 1st St, Wakonda, SD 57073

$465,000
8‑unit multifamily building built in 1975 in Wakonda, SD
Unit mix includes seven 2‑bedroom units and one 1‑bedroom unit
Off‑street parking for residents
On‑site coin‑operated laundry
New pitched roof completed in spring 2026
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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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Wakonda, 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.

Duplex With Separate Cottage
Duplex With Separate Cottage

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

$199,900
1,676 sqft 0.35 AC lot

Two residential structures offer a larger primary home, a detached cottage, and substantial on-site parking.

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Yankton Multifamily Investment Opportunity
Yankton Multifamily Investment Opportunity

1313 W. 30th Street, Yankton, SD 57078

$4,200,000

Multifamily property with development potential in Yankton, South Dakota.

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Duplex with Two One-Bed Units
Duplex with Two One-Bed Units

613 Locust Street, Yankton, SD 57078

$179,900

Two 1 bed/1 bath units with original hardwood floors and woodwork, plus a covered porch and detached 2-car garage.

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Student Housing Investment Opportunity
Student Housing Investment Opportunity

1001 N Dakota St, Vermillion, SD 57069

Contact for pricing

Student housing near the University of South Dakota.

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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.

Rural Land Parcel Near Boat Landing
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.

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Waterfront Land Lot with River Frontage
Waterfront Land Lot with River Frontage

46019 Daniel Place, Vermillion, SD 57069

$269,000
2.18 AC lot

Waterfront land on the Missouri River at Discovery Landing with utilities available through installed services on lots.

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Waterfront Land with River Frontage
Waterfront Land with River Frontage

46023 Daniel Place, Vermillion, SD 57069

$279,000
2.36 AC lot

Large Missouri River lot at Discovery Landing with 230 feet of river frontage and utilities already installed on-site.

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Riverfront Land Lot with Utilities
Riverfront Land Lot with Utilities

46027 Daniel Place, Vermillion, SD 57069

$284,000
2.55 AC lot

Land lot in Discovery Landing with approximately 250 feet of Missouri River frontage and utilities installed on the lots.

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Wakonda, SD Residential Income Properties Market Trends and Statistics

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

Sale prices for residential income properties in Wakonda, SD average $465,000 — 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 516
Population Growth (5Y) -30.8%
Median Household Income $70,893
College Educated 45.9%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
57073 $465K

Taxes & Financing

Tax Rate (average for all types) 2.45%
Property Tax per SF $39.08 per SF
Tax Rate vs County Average 0.36 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Clay County

New Delisted

Total CRE Inventory on Market (SF)

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