202 Prospect St Vermillion, SD 57069
Estimated payment $1,249/month
About This Home
Investment Opportunity – Duplex Near USD Campus This duplex investment property is located on a corner lot within walking distance to the University of South Dakota and downtown Vermillion. Both units are separately metered for utilities, offering convenience and efficiency for owners and tenants alike. Unit 1 (Main Level): 2 bedrooms, 1 bathroom, approximately 1,031 sq. ft., featuring hardwood floors, spacious layout, and natural light. Unit 2 (Upper Level): 2 bedrooms, 1 bathroom, approximately 1,031 sq. ft., updated with brand-new carpet. Both units are currently leased through May 31, 2026, providing immediate rental income and long-term stability. This property has a strong rental history and built-in demand thanks to its prime location. Whether you’re expanding your portfolio or looking for a turnkey income-producing property, this duplex checks all the boxes.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,187
Year Built
- Built in 1897
Lot Details
- 6,600 Sq Ft Lot
Parking
- Gravel Driveway
Home Design
- 2,062 Sq Ft Home
Schools
- Vermillion Elementary And Middle School
- Vermillion High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Internet Available
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 15720-05000-070-00
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,187 | $214,290 | $13,332 | $200,958 |
| 2024 | $4,187 | $191,655 | $12,738 | $178,917 |
| 2023 | $4,144 | $166,602 | $11,022 | $155,580 |
| 2022 | $3,382 | $152,647 | $10,032 | $142,615 |
| 2021 | $2,851 | $136,594 | $9,570 | $127,024 |
| 2020 | $2,802 | $127,920 | $9,570 | $118,350 |
| 2019 | $2,750 | $125,999 | $9,570 | $116,429 |
| 2018 | $2,652 | $118,134 | $9,570 | $108,564 |
| 2017 | $2,797 | $114,199 | $9,570 | $104,629 |
| 2016 | -- | $114,519 | $9,240 | $105,279 |
| 2015 | -- | $106,089 | $8,910 | $97,179 |
| 2011 | -- | $100,819 | $7,920 | $92,899 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | For Sale | $169,900 | -- | $82 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Joint Tenancy Deed | -- | -- |
Source: Northwest Iowa Regional Board of REALTORS®
MLS Number: 830107
APN: 15720-05000-070-00
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