$640,000

235 W 1st St Tea, SD 57064

Estimated payment $3,906/month

Total Views 852
-- Bed
-- Bath
7,104 Sq Ft
$90 Price per Sq Ft

About This Home

Conveniently located in Tea, this well-maintained 8-plex offers a strong rental history and excellent income potential. The property features seven spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all with comfortable living rooms and open dining/kitchen combo layouts. Tenants enjoy ample on-site and off-street parking, on-site laundry, and the benefit of paying their own electricity. Each unit has been refreshed with updated flooring and paint upon turnover, helping keep the property attractive and rent-ready. Professionally managed by Alpine Property Management for added peace of mind. Don’t miss this solid multifamily investment—contact us today for more details or to schedule a showing!

Listing Agent

Jackson Dorhout

Alpine Residential Listed on: 01/14/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,996

Year Built

  • Built in 1975

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 150x90

Parking

  • Paved Parking

Home Design

  • Block Foundation
  • Composition Roof

Interior Spaces

  • 7,104 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Schools

  • Tea Area Venture Elementary School
  • Tea Middle School
  • Tea High School

Community Details

  • 8 Units
  • Peters Second Addn To Tea Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,996

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Cross Street: Poplar Ave
  • Year Built: 1975
  • Stories: 2
  • Elementary School: Tea Area Venture Elementary
  • High School: Tea HS
  • Property Type: MULTI-FAMILY
  • LotSizeAcres: 0.303
  • Lot Size: 150x90
  • Security Features: Fire Alarm, Smoke Detector(s)
  • Co List Office Mls Id: 765530568
  • Subdivision Name: Peters Second Addn to Tea
  • Directions: From Heritage Pwky & 1st St, W on 1st ST, Located on the SE corner of W 1st St & S Poplar Ave
  • Living Area: 7104.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Washer, Dryer
  • Basement: Full
  • Owner Pays: Gas, Water, Trash Collection, Grounds Care, Snow Removal, Sewer
  • Entry Location: Community
  • Flooring: Carpet, Tile, Vinyl

Exterior Features

  • Roof: Composition
  • Construction Type: Block, HardiPlank Type
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Paved

Utilities

  • Cooling: Window Unit(s)
  • Heating: Radiant
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: TeaArea
  • Middle Or Junior School: Tea MS

Lot Info

  • Lot Size Sq Ft: 13200.0

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 6995.78

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $7,319 $390,975 $42,900 $348,075
2023 $6,631 $350,617 $39,600 $311,017
2022 $4,311 $311,599 $39,600 $271,999
2021 $4,552 $210,588 $33,000 $177,588
2020 $4,810 $210,588 $33,000 $177,588
2019 $4,650 $210,588 $33,000 $177,588
2018 $4,711 $210,588 $0 $0
2017 $4,809 $210,588 $0 $0
2016 $4,859 $210,588 $0 $0
2015 $6,188 $235,497 $0 $0
2014 $6,188 $235,497 $0 $0
2013 -- $235,497 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2026 01/14/26 For Sale $640,000 -- $90 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

Source: REALTOR® Association of the Sioux Empire

MLS Number: 22600283

REALTOR® Association of the Sioux Empire

APN: 240.15.01.002