Clay County SD Multifamily Homes & Duplexes for Sale

Great investment opportunity in a college town experiencing good growth. Located near Polaris Industries, HyVee grocery store and the University of South Dakota. 28 of 32 units have been updated with new flooring and fresh paint. New roof on all buildings in 2024. As units become available, rents are increased to $1100/mo per unit. So far for June 1, 2026 - May 31, 2027 there are 4 units at

Michelle Maloney Maloney Real Estate

Lots of potential with this property. its on 2 lots , so there is room to expand if desired. Front house (216) is a 4 bdrm , 2 bath 2 story with and unfinished basement and attached shed. Most of the house has newer windows. There are 2 furnaces and an enclosed front porch plus an open back porch. Rent is $1675/mo, owner pays utils. rented till 5/31/26. If buyer is an owner-occupant, we can

Barbara Iacino Dakota Realty

This up and down duplex is close to downtown, schools and park. Upper unit is a 2 bdrm , 1 bath with large kitchen, back and front entryways, patios and could be expanded into an unfinished second floor. currently under rented to a long term tenant who does lawn and snow. Tenant knows rent will increase $100-$150 Downstairs has separate furnace and a/c. 2 bdrms, 1 bath plus an extra storeroom.

Barbara Iacino Dakota Realty

Great investment opportunity on commercial building in downtown Vermillion. 2 long term tenants rent this property. Seller is installing new flooring in USDA portion of the building in May. Roof was replaced in 2022. Listing agent has leases. Income and expense reports attached. Owner pays for utilities, cleaning ($400 monthly) snow, garbage, rugs. USDA lease expires 5-31-2028 and CCA lease month

Kris O'Connor Dakota Realty

This income-producing duplex at 121 W Clark St in Vermillion puts you right in the middle of a consistent rental market, with the University of South Dakota just minutes away. The property currently generates $1,300 per month in rental income, giving you a running start from day one. The upper unit offers three bedrooms and a full bath with newer appliances already in place. The lower level unit

Jessi Wilharm Maloney Real Estate

Sunset Apartments delivers what investors and residents want most: simplicity, durability, and everyday livability, steps from Vermillion conveniences and minutes to the University of South Dakota. Eight classic, garden-style buildings (32 total homes; each 800 SF) are spread across ±1.566 acres, pairing low-maintenance construction with fresh 2024 roof replacements on all buildings. The

Lori Whitman Maloney Real Estate