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Mitchell, SD Multifamily Homes & Duplexes for Sale

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  • /50

    $298,000

    • 1,856 Sq Ft

    200-204 W Pine Ave, Mitchell, SD 57301

    Modern duplex with built-in equity and strong income potential! One unit offers 3 bedrooms, 2 bath with partially finished family room! Second charming unit features 2 bedrooms, 1 bath with the opportunity to finish the basement into a 3 bedroom, 2 bath layout. Each side includes laundry hookups, detached garage, and shared sprinkler system. A fantastic investment opportunity with room to grow!

    DEANNA HETLAND Ace Realty, LLC

    200-204 W Pine Ave, Mitchell, SD 57301
  • /35

    $199,900

    • 3,195 Sq Ft

    322 E 1st Ave, Mitchell, SD 57301

    Turnkey investment opportunity! Fully rented 3 unit property with long term tenants in place! Each unit has at least 2 bedrooms and 1 full bath with comfortable living space and a steady rental income potential. Great opportunity to add a solid income-producing property to your portfolio! Each floor is over 1,000 sq ft.Double car garage is also rented out.

    DEANNA HETLAND Ace Realty, LLC

    322 E 1st Ave, Mitchell, SD 57301

Why Live in Mitchell

Mitchell, South Dakota, is a community with deep agricultural roots, best exemplified by The World's Only Corn Palace, a unique venue adorned with grain murals. With a population of over 15,000, Mitchell is experiencing growth and development, including a new $500 million soybean plant set to open in 2025. Housing options range from historic homes dating back to the 1880s to modern residences along Lake Mitchell, with new multi-family housing projects underway. The Mitchell School District is highly rated, and the city is investing in educational infrastructure, including a new high school. Mitchell hosts Dakotafest, a major agricultural trade show that significantly boosts local tourism. Downtown features Italianate architecture with various small shops, while larger chain stores are located in the southern part of the city. Recreational attractions include Lake Mitchell, offering hiking, fishing, and camping, and Hitchcock Park, which has an aquatic center. The city is situated at the intersection of Interstate 90 and South Dakota Highway 30, approximately 70 miles from Sioux Falls. Infrastructure improvements are ongoing, focusing on water sources, sewers, and downtown enhancements. Mitchell experiences warm summers and cold winters, with an average of 40 inches of snow annually. The area is in Tornado Alley, with historical tornado events. Crime rates have decreased recently, aligning with state trends.

Home Prices in Mitchell, SD

Home Price Trends

Median Sale Price
$243,000
Median Single Family Sale Price
$250,950
Median 2 Bedroom Sale Price
$195,000
Median 1 Bedroom Sale Price
$105,000
Average Price Per Sq Ft
$151
Number of Homes for Sale
36
Last 12 months Home Sales
195
Months of Supply
2.20
Median List Price
$252,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%
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