$1,202,500
SOLD MAR 6, 2025

1920 Locust St Yankton, SD 57078

-- Bed
-- Bath
16,068 Sq Ft
1.02 Acres

Recently Sold

$75 Per Sq Ft

25% Below List Price

200 Days on Market

Highlights

  • 44,431 Sq Ft lot
  • Forced Air Heating and Cooling System
  • Coin Laundry
  • Yankton High School Rated 9+

About This Home

As of March 2025

OPPORTUNITY IS KNOCKING! Investors seeking rental property, here is your chance! These two apartment complexes (8 plex and 10 plex), are located adjacent to each other. The owner has taken very good care of this property featuring several recently updated units (flooring/kitchen and baths). Features include 16 -2 bedroom/1 bath and 2- 1 bedroom/1 bath units, ample yard space for tenants wanting to spend time outdoors, two storage sheds, 4 sets of coin-op washer/dryers, as well as security cameras & equip. The paved parking lots offer plenty of parking with additional off street parking. Convenient location for tenants wanting to be near shopping/grocery/restaurants. Let real estate work for you..call today for more information! Locust 8 plex built in 1993/20th St. 10 plex built in 1978. Seller is a licensed Broker in SD.

Last Agent to Sell the Property

Kami Guthmiller

Lewis and Clark Realty Inc. Brokerage Phone: 605-660-2147 License #12963 Listed on: 07/08/2024

Last Buyer's Agent

Kerry Woehl

The Move Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,937

Year Built

  • Built in 1993

Lot Details

  • 1.02 Acre Lot

Parking

  • Driveway

Home Design

  • 16,068 Sq Ft Home
  • Metal Roof

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

Building Details

  • Electric Expense $3,528
  • Insurance Expense $9,452
  • Maintenance Expense $14,519
  • Water Sewer Expense $11,309
  • Gross Income $129,181
  • Net Operating Income $75,584

Additional Features

  • 18 Units
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,937

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Legal Description: N126' LT 21 & N126' W74' LOT 22 BLK 1 JULIA A PRESHO ADDN & E42' N126' LT 22 & E26' N23' S124' LT 22 & N149' W99' LT 23 BLK 1 JULIA A PRESHOADDN City and County of Yankton, SD
  • Personal Property Included: 18 stoves, 18 refrigerators, dishwashers, 4 coin op washer/dryer sets, security cameras/monitors, all attached fixtures, two storage sheds
  • Price Per Sq Ft: 74.84
  • Region: Yankton City Limits
  • Year Built: 1993
  • Electric Provider: NorthWestern Energy
  • Internet T V Phone Provide: Unknown
  • Natural Gas Provider: MidAmerican Energy
  • Propane Provider: None
  • Video Recording Device: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Sq Ft Fin Apx Main: 8034
  • Sq Ft Fin Apx Total: 16068
  • Sq Ft Fin Apx2nd: 8034

Exterior Features

  • Exterior: Vinyl
  • Flood: Unverified
  • Roof: Metal

Garage/Parking

  • Driveway: Concrete

Utilities

  • Cooling: Central
  • Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: City
  • Water Heater: Gas
  • Electricity Separate by Unit: Yes
  • Electric Expense: 3528
  • Heating Expenses: 2128
  • Heat Separate By Unit: Yes
  • Insurance Expenses: 9452
  • Water Separate By Unit: Yes
  • Water Sewer Expenses: 11309
  • Water Provider: City Water

Lot Info

  • Estimated Acres: 1.02
  • Parcel No: 78.630.001.270
  • Geo Subdivision: SD
  • Lot Size Sf: 44431
  • Parcel No2: 78.630.001.275
  • Zoning: B2 Highway Business

Tax Info

  • Estimated Taxes: 11937
  • Tax Year: 2023

Multi Family

  • Total Units: 18
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/06/2025 03/06/25 Sold $1,202,500 -13.8% $75 / Sq Ft
01/24/2025 01/24/25 Pending -- -- --
12/04/2024 12/04/24 Price Changed $1,395,000 -3.8% $87 / Sq Ft
09/19/2024 09/19/24 Price Changed $1,450,000 -9.4% $90 / Sq Ft
07/08/2024 07/08/24 For Sale $1,600,000 +175.9% $100 / Sq Ft
04/19/2017 04/19/17 Sold $580,000 -3.3% $36 / Sq Ft View Prior Sale
03/14/2017 03/14/17 Pending -- -- --
03/06/2017 03/06/17 For Sale $600,000 -- $37 / Sq Ft
Source: Meridian Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,612 $407,300 $45,800 $361,500
2024 $6,875 $376,700 $41,600 $335,100
2023 $7,288 $376,700 $41,600 $335,100
2022 $7,458 $376,700 $41,600 $335,100
2021 $7,466 $376,700 $41,600 $335,100
2020 $6,814 $376,700 $0 $0
2019 $6,571 $376,700 $0 $0
2018 $5,901 $376,700 $0 $0
2017 $5,839 $338,800 $0 $0
2016 -- $322,800 $0 $0
2015 -- $322,800 $0 $0
2014 -- $322,800 $0 $0
2013 -- $322,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Meridian Association of REALTORS®

MLS Number: 116325

Meridian Association of REALTORS®