613 1st Ave SE Watertown, SD 57201
Estimated payment $2,713/month
About This Home
Well-maintained fourplex offering strong cash-flow potential and value-add upside. The property has gross rents just over $4,000/month at 100% occupancy. Recent improvements include refreshed landscaping, window replacements in basement units, new ceiling lights, exterior paint, tree trimming and removal, and garage door replacement. The property is currently professionally managed, providing a turnkey option for investors, with additional upside available for those who choose to self-manage. Solid income property with room to increase returns through operational efficiencies and future updates! Listing agent is related to the seller.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1975
Home Design
- Ranch Style House
Interior Spaces
- 2,988 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Schools
- Select One Elementary School
Additional Features
- Lot Dimensions are 75 x 130.2
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 7105
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/02/2026 02/02/26 | For Sale | $430,000 | +14.7% | $144 / Sq Ft | |
| 08/06/2024 08/06/24 | Sold | $375,000 | -6.3% | $113 / Sq Ft | View Prior Sale |
| 08/05/2024 08/05/24 | Pending | -- | -- | -- | |
| 08/05/2024 08/05/24 | For Sale | $400,000 | +116.2% | $120 / Sq Ft | |
| 04/29/2015 04/29/15 | Sold | $185,000 | -2.6% | $56 / Sq Ft | View Prior Sale |
| 04/08/2015 04/08/15 | For Sale | $189,900 | -- | $57 / Sq Ft | |
| 04/06/2015 04/06/15 | Pending | -- | -- | -- |
Source: Northeast South Dakota Association of REALTORS®
MLS Number: 30-4820
