613 1st Ave SE Watertown, SD 57201
Estimated payment $2,679/month
About This Home
Well-maintained fourplex offering strong cash-flow potential and value-add upside. The property will be fully rented by May 15, with projected 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 self-managed, offering a streamlined, cost-efficient operation for investors, with additional upside available through future updates and optimization. Solid income property with room to increase returns through operational efficiencies! Listing agent is related to the seller.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1975
Parking
- 4 Car Garage
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 |
|---|---|---|---|---|---|
| 05/01/2026 05/01/26 | Price Changed | $425,000 | -1.2% | $142 / Sq Ft | |
| 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
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Ask me questions while you tour the home.