612 E Kemp Ave Watertown, SD 57201
Estimated payment $2,079/month
Total Views
630
6
Beds
3
Baths
1,510
Sq Ft
$232
Price per Sq Ft
About This Home
Investor Alert! Fully leased tri‑plex in the heart of Watertown generating $3,050/month in gross rents. Features (3) 2BR/1BA units, off-street parking, and a strong rental history. Solid condition with long-term tenants and stable cash flow. Priced at $349,900 with a 7%+ cap rate, this is a great turnkey opportunity just blocks from Uptown and Lake Area Tech.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,077
Year Built
- Built in 1912
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 50x132
Parking
- No Garage
Interior Spaces
- 1,510 Sq Ft Home
- 1.5-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Listing and Financial Details
- Assessor Parcel Number 7101
Map
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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 | $2,077 | $165,954 | $30,254 | $135,700 |
| 2024 | $2,103 | $157,076 | $30,254 | $126,822 |
| 2023 | $1,999 | $148,287 | $27,504 | $120,783 |
| 2022 | $1,820 | $132,533 | $27,504 | $105,029 |
| 2021 | $1,846 | $116,696 | $22,920 | $93,776 |
| 2020 | $1,811 | $116,696 | $22,920 | $93,776 |
| 2019 | $1,784 | $113,706 | $19,930 | $93,776 |
| 2018 | $1,751 | $111,204 | $18,454 | $92,750 |
| 2017 | $1,842 | $110,325 | $17,575 | $92,750 |
| 2016 | $1,668 | $110,325 | $17,575 | $92,750 |
| 2015 | $1,668 | $91,375 | $12,517 | $78,858 |
| 2014 | -- | $91,375 | $12,517 | $78,858 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2025 08/06/25 | For Sale | $349,900 | +52.1% | $232 / Sq Ft |
| 06/25/2021 06/25/21 | Sold | $230,000 | -4.1% | $146 / Sq Ft |
| 04/28/2021 04/28/21 | Pending | -- | -- | -- |
| 04/17/2021 04/17/21 | For Sale | $239,900 | +805.3% | $153 / Sq Ft |
| 11/15/2013 11/15/13 | Sold | $26,500 | -8.6% | $17 / Sq Ft |
| 11/08/2013 11/08/13 | Pending | -- | -- | -- |
| 11/08/2013 11/08/13 | For Sale | $29,000 | -69.5% | $18 / Sq Ft |
| 06/18/2013 06/18/13 | Sold | $95,000 | +0.1% | $61 / Sq Ft |
| 03/28/2013 03/28/13 | Pending | -- | -- | -- |
| 08/17/2012 08/17/12 | For Sale | $94,900 | -- | $60 / Sq Ft |
Source: Northeast South Dakota Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | First Dakota Title - Wtn |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $131,250 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $0 | Commercial |
Source: Public Records
Similar Home in Watertown, SD
Source: Northeast South Dakota Association of REALTORS®
MLS Number: 24-7098
APN: 007101
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