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    Watertown, SD Residential Income Properties for Sale

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    Goodwin, SD Estelline, SD South Shore, SD
    Historic Mixed-Use Building For Sale
    $359,900
    6,000 SF

    Historic Mixed-Use Building For Sale

    15 1st Ave SE, Watertown, SD 57201

    Mixed-use building with commercial tenants and residential apartments.

    • Prime downtown Watertown location.
    • Strong investment opportunity with built‑in income.
    • Two long‑term commercial tenants on the main level providing cash flow.
    • Two, 2 bed, 1 bath apartments on the upper floor.
    • Basement in incredible condition with income‑producing potential.
    Updated: Feb 17
    View details
    New Apartment Building in Watertown
    Contact for pricing
    95,544 SF

    New Apartment Building in Watertown

    315 E Kemp Ave, Watertown, SD 57201

    63-unit apartment building, 90% complete, in Watertown, South Dakota.

    • Opportunity to acquire a 63‑unit apartment building in a growing city.
    • Brand new construction (Year Built: 2025), 90% complete.
    • Located in a desirable area of Watertown, South Dakota.
    • Proximate to restaurants, gyms, parks, and other community staples.
    • Excellent investment opportunity to finish construction and create a new community.
    Updated: Mar 11
    View details
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 2 Active listings in Watertown, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 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.

    Multifamily Property with Historic Charm
    $899,900
    0.53 Acres

    Multifamily Property with Historic Charm

    Well-maintained 9-unit multifamily property with historic charm and modern updates.

    215 S 5th Street, Montevideo, MN 56265
    View details
    Well-Maintained 5-Plex in Huron, SD
    $615,000
    5,744 SF

    Well-Maintained 5-Plex in Huron, SD

    Single-story 5-unit apartment building in Huron, South Dakota.

    2405-2416 Prairie Eagle Cir, Huron, SD 57350
    View details
    Montevideo Multifamily Investment Opportunity
    $924,900
    8,619 SF

    Montevideo Multifamily Investment Opportunity

    Nine-unit multifamily property in Montevideo's stable rental market.

    215 S 5th St, Montevideo, MN 56265
    View details
    136 Acres Land Banking Opportunity
    $2,051,250
    136.00 Acres

    136 Acres Land Banking Opportunity

    136-acre parcel for affordable housing development in Huron, SD.

    Str 13-110-62, Huron, SD 57350
    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.

    Lake Poinsett Land Parcel
    $425,000
    1.07 Acres

    Lake Poinsett Land Parcel

    Lakefront lot with backlot in Sunset Park community.

    118 Sunset Park, Estelline, SD 57234
    View details
    Lake Poinsett Vacant Land Parcels
    $807,500
    2.10 Acres

    Lake Poinsett Vacant Land Parcels

    Lakefront and backlot parcels on Lake Poinsett, Hamlin County, SD.

    116 & 118 Sunset Park, Estelline, SD 57234
    View details
    Residential Land in Gary, SD
    $50,000
    1.28 Acres

    Residential Land in Gary, SD

    1.2 acre residential lot with utilities ready for connection.

    0 Grand Boulevard, Gary, SD 57237
    View details
    Residential Land in Hendricks, MN
    $42,000
    0.38 Acres

    Residential Land in Hendricks, MN

    Residential land in a vibrant community with many amenities.

    304 Mueller Drive, Hendricks, MN 56136
    View details

    Off-Market Properties in Watertown, SD

    Consider similar Off-Market properties in Watertown, 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.

    16 Kemp Ave

    16 Kemp Ave

    Restaurants • 9,700 SF
    Value Estimation by Request
    16 Kemp Ave, Watertown, SD 57201
    View details
    315 Kemp Ave

    315 Kemp Ave

    Individual retail properties • 95,962 SF
    Value Estimation by Request
    315 Kemp Ave, Watertown, SD 57201
    View details
    31st 31St St

    31st 31St St

    Land • 80.00 Acres
    Value Estimation by Request
    31st 31St St, Watertown, SD 57201
    View details
    1 Kemp And 6 - 8

    1 Kemp And 6 - 8

    Individual retail properties • 52,642 SF
    Value Estimation by Request
    1 Kemp And 6 - 8, Watertown, SD 57201
    View details

    Watertown, SD Residential Income Properties Investment Opportunities Market Analysis

    Explore 6 residential income properties for sale in Watertown, SD on our real estate platform. These investment opportunities span a total of 6,000 square feet of properties for sale, with an estimated market value of $359,900.

    Sale prices for residential income properties in Watertown, SD start at $359,900, averaging $359,900, and reaching up to $359,900 — 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

    Apartment buildings 2
    Multifamily properties 2

    Demographics Overview

    Population 26K
    Population Growth (5Y) +4.3%
    Median Household Income $64,809
    College Educated 27.5%

    High-Yield Neighborhoods for Strategic Investment

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

    Neighborhood Average Price
    57201 $359.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.34%
    Average Loan-to-Value 65.0%

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