Homes for Sale in South Dakota - Investment

/29
$154,900
- 2 Beds
- 1.5 Baths
- 1,356 Sq Ft
316 Front St NW, de Smet, SD 57231

Welcome to this adorable home in DeSmet! Perfectly nestled on a spacious lot with mature trees and fantastic curb appeal, this home offers the perfect blend of charm, functionality, and room to grow—inside and out. The open-concept living and dining area is ideal for cozy evenings or entertaining guests. The front entry has been cleverly converted into a bright home office—perfect for remote work

Codi Smith

Best Choice Real Estate

(605) 315-5720

316 Front St NW, de Smet, SD 57231
/14
$225,000
- 4 Beds
- 2 Baths
- 1,708 Sq Ft
1104 S Cleveland Ave, Sioux Falls, SD 57103

Welcome to your next home, perfectly located on the east side of Sioux Falls! This 4-bedroom, 2-bath gem is full of updates and charm. From the moment you step inside, you’ll notice the care and improvements that make this home move-in ready. The main level offers a comfortable layout with updated finishes and plenty of natural light. The kitchen and living areas provide great everyday

Shaina Goedtke

Keller Williams Realty Sioux Falls

(605) 597-8466

1104 S Cleveland Ave, Sioux Falls, SD 57103
/9
$599,900
- Land
- 7.43 Acres
- $80,740 per Acre
TBD University, Hot Springs, SD 57747

Looking for undeveloped city lots for sale in Hot Springs? Look no further! Resa Rutz, Realtor C21-Stevens can provide you with all the info you need. Contact her at 605-891-1298 for more details. This property is located in a highly accessible area in the city limits of Hot Springs and borders the city limit/county line. It's situated on the corner of University and 25th Street, right at the

Resa Rutz

Century 21 Stevens & Associates

(605) 250-4853

TBD University, Hot Springs, SD 57747
/39
$314,500
- 3 Beds
- 2 Baths
- 1,860 Sq Ft
12646 Dana Ct, Hot Springs, SD 57747

Don’t miss this move-in ready 3-bedroom, 2-bath home on 1.03 acres—just 15 minutes from downtown Hot Springs, SD. With 1,860 sq ft of updated living space, this property offers the perfect blend of privacy, comfort, and convenience. Recent upgrades include 30-year LP Smart Siding, a Class 4 impact-resistant roof, new front and back decks, improved drive and parking area, new carpet, updated

Joel Hawkins

Heartland Real Estate

(605) 857-4992

12646 Dana Ct, Hot Springs, SD 57747
/20
$699,000
- Studio
- 4,594 Sq Ft
3700 W 93rd St, Sioux Falls, SD 57108

Excellent Investment Opportunity in South Sioux Falls! Located in the highly sought-after Harrisburg School District, this well-maintained multi-family property offers strong rental potential. Each unit features 2 spacious bedrooms, 1 full bath, in-unit laundry, and an attached garage—making it a desirable choice for tenants. There are 6 garage spaces total: the two lower units each have a

Monica Pluim

Coldwell Banker Empire Realty

(605) 657-4828

3700 W 93rd St, Sioux Falls, SD 57108
/12
$1,299,000
- 12 Beds
- 9,878 Sq Ft
5000 E 54th St, Sioux Falls, SD 57110

Luxury Living Meets Investment Opportunity in Southeast Sioux Falls! Located in a brand-new upscale community, this four-unit property offers a rare blend of modern design, privacy, and prime location—just minutes from shopping, dining, and parks. Each spacious unit features 2,470 sq ft of high-end living space with 3 bedrooms, 3.5 bathrooms, and a main-level den perfect for a home office or flex

Monica Pluim

Coldwell Banker Empire Realty

(605) 405-8940

5000 E 54th St, Sioux Falls, SD 57110
/33
$359,700 Open Thu 5PM - 7PM
- 3 Beds
- 3 Baths
- 2,052 Sq Ft
4461 Misty Woods Ln, Rapid City, SD 57701

Nearly New Townhome with Solar and Stunning Upgrades. NO HOA! Welcome to this like new 3 bedroom, 3 bath townhome built in 2023, featuring a spacious 2 car garage and located in a peaceful, established neighborhood with absolutely no HOA or fees. Clean, stylish, and move in ready, this home offers comfort, energy efficiency, and modern design throughout. Step inside to a bright, open layout

ALISHA GODBEY

NAVX REALTY

(605) 525-6438

4461 Misty Woods Ln, Rapid City, SD 57701
/12
$330,000
- 4 Beds
- 2 Baths
- 1,996 Sq Ft
2030 S Dakota Ave, Sioux Falls, SD 57105

Welcome to a storybook 1.5-story home nestled in one of the most sought-after neighborhoods in Sioux Falls, just a short stroll from beautiful McKennan Park! This 4-bedroom, 2-bathroom gem blends timeless charm with thoughtful updates, including refinished white-stained hardwood floors, updated lighting, and newer appliances. Step inside through the inviting sunporch, an ideal spot to sip your

Abraham Carroll

Real Broker LLC

(605) 525-6417

2030 S Dakota Ave, Sioux Falls, SD 57105
/70
$849,900
- 5 Beds
- 5 Baths
- 3,116 Sq Ft
21121 438th Ave, Lake Preston, SD 57249

*This is a Commercially Zoned Lake Lodge with potential to be converted to Residential.* Lake Thompson North Shore Lakefront Lodge - A Fantastic Investment & Vacation Opportunity! This commercial lakefront lodge offers an amazing blend of income-generating potential and serene natural beauty — making it the ideal property for those looking to invest wisely and enjoy Lake Front Life. With a strong

Codi Smith

Best Choice Real Estate

(605) 702-0726

21121 438th Ave, Lake Preston, SD 57249
/12
$75,000
- 1 Bed
- 1 Bath
- 2,332 Sq Ft
238 True St, Hoven, SD 57450

This 1 bedroom, 1 bathroom home offers 2 additional rooms that could be used as bedrooms with some work. The property needs significant TLC but has potential as a great home, hunting retreat, or investment property. The large attached garage is wired for a heater per seller. There is a large cement pad in the NW corner of the property that belongs to this property. Check out the possibilities.

Nancy Bauer

FIRST PREMIER REALTY, LLC

(605) 597-7518

238 True St, Hoven, SD 57450
/5
$115,000
- Land
- 0.37 Acre
- $314,208 per Acre
165 Golf View Cir, Wentworth Township, SD 57075

Welcome to the Lakes Community located between Lake Madison and Lake Brant. This flat lot is located on hole number 7 of the Lakes Golf Course and is the only lot left in the cul-de-sac in Golf View Circle. Great views of Hole number 6 green and Hole number 7 teebox. Living on the golf course is like being on vacation all year long. The small HOA fee ($150/year) takes care of streetlights and a

Todd Nelson

Harr & Lemme Real Estate

(605) 210-5541

165 Golf View Cir, Wentworth Township, SD 57075
/6
$75,000
- Land
- 0.3 Acre
- $251,340 per Acre
0 Lake Dr Unit 22501565, Wentworth, SD 57075

Welcome to the Lakes Community located between Lake Madison and Lake Brant. This lot is located on hole number 9 of the Lakes Golf Course. Views of Round Lake, Hole number 9 tee box & fairway. Living on the golf course is like being on vacation all year long. The small HOA fee takes care of streetlights and a park that borders Round Lake with a community dock, playground, sand volleyball court

Todd Nelson

Harr & Lemme Real Estate

(605) 800-7916

0 Lake Dr Unit 22501565, Wentworth, SD 57075
/11
$225,000
- Land
- 0.88 Acre
- $255,682 per Acre
Lot 5 Block 9 Overlook Pass, South Lawrence, SD 57754

For more information, please contact listing agents Michael Warwick 605-641-2569 or Heath Gran 605-209-2052 with Great Peaks Realty. The amenities in Trailside Addition at Powder House Pass are not matched anywhere in the Black Hills. Come build your dream home here! Association water is available to tap into, plus paved roads. Executive homes are scattered amidst the pine, aspen and Black Hills

Michael Warwick

Great Peaks Realty

(605) 205-8812

Lot 5 Block 9 Overlook Pass, South Lawrence, SD 57754
/8
$180,000
- Land
- 0.68 Acre
- $264,706 per Acre
Lot 6 Block 6 Woodland Way, South Lawrence, SD 57754

For more information, please contact listing agents Michael Warwick 605-641-2569 or Heath Gran 605-209-2052 with Great Peaks Realty. The amenities in Trailside Addition at Powder House Pass are not matched anywhere in the Black Hills. Come build your dream home here! Association water is available to tap into, plus paved roads. Executive homes are scattered amidst the pine, aspen and Black Hills

Michael Warwick

Great Peaks Realty

(605) 657-4340

Lot 6 Block 6 Woodland Way, South Lawrence, SD 57754
/14
$223,000
- 2 Beds
- 1 Bath
- 832 Sq Ft
1853 1/2 Pine St, Sturgis, SD 57785

Call Sandy Donahue Re/Max In The Hills 605-645-7860 for your private viewing. Comfortable and convenient, this 2 bedroom, 1 bath home is located in a superb location for easy access and accommodation. The home is roomy and comfortable. New paint is an easy remedy and would make the home attractive with curb appeal. Fenced area for your pet, large mature trees for shade and a great investment

Sandy Donahue

RE/MAX In The Hills

(605) 501-5112

1853 1/2 Pine St, Sturgis, SD 57785
/5
$120,000
- Land
- 0.4 Acre
- $302,115 per Acre
185 Lake Ridge Dr, Wentworth, SD 57075

Welcome to the Lakes Community located between Lake Madison and Lake Brant. This walk out lot is located on hole number 4 of the Lakes Golf Course. Great views of Round Lake, Hole number 3 green and hole number 4 tee box. Living on the golf course is like being on vacation all year long. The small HOA fee takes care of streetlights and a park that borders Round Lake with a community dock,

Todd Nelson

Harr & Lemme Real Estate

(605) 525-3866

185 Lake Ridge Dr, Wentworth, SD 57075
/47
$89,900
- 5 Beds
- 1.5 Baths
- 2,086 Sq Ft
203 E 2nd St, Marion, SD 57043

Investment or Equity Opportunity! Discover the potential in this 5 bedroom, 2 story home located in the heart of Marion, just steps from the school. With ample space and a great layout, this property is a true diamond in the rough. With 2 garages, there's plenty of space for your vehicles, toys or weekend tinkering projects. While it does need a new boiler, it offers a fantastic opportunity

Jen Tieszen

Tieszen Real Estate, LLC

(605) 600-1976

203 E 2nd St, Marion, SD 57043
/51
$199,000
- 3 Beds
- 2 Baths
- 1,422 Sq Ft
1011 W 12th St, Sioux Falls, SD 57104

Here’s your chance to own a 3-bedroom, 2-bathroom home just minutes from the vibrant heart of downtown Sioux Falls. This home sits on a spacious double lot and features a large master bedroom with its own private bath, plus the convenience of all three bedrooms on one level. The layout offers a solid foundation with room to add your personal touches. An attached single stall garage adds everyday

Ryan Hanten

Keller Williams Realty Sioux Falls

(605) 307-3254

1011 W 12th St, Sioux Falls, SD 57104
/41
$284,900
- 3 Beds
- 2 Baths
- 1,581 Sq Ft
2512 S Lyndale Ave, Sioux Falls, SD 57105

Welcome to this beautifully updated 3-bedroom, 2-bathroom home, featuring a versatile non-conforming 4th room on the lower level. Step inside and enjoy the charm of original hardwood floors that flow throughout the main living areas. The recently renovated kitchen is sure to impress, offering modern finishes and functionality that elevate everyday living. All three bedrooms are conveniently

Eric Brockhoft

Hegg, REALTORS

(605) 597-8524

2512 S Lyndale Ave, Sioux Falls, SD 57105
/22
$159,900
- 2 Beds
- 2 Baths
- 1,504 Sq Ft
916 N Harth Ave, Madison, SD 57042

Charming 2 Bed, 2 Bath Home – Prime Location Near DSU & Downtown! Discover the potential of this versatile 2-bedroom, 2-bathroom home—perfect for affordable living or a smart investment opportunity! Ideally located just minutes from Dakota State University and downtown, this property offers both convenience and flexibility. The main floor features a full kitchen, one bedroom, bathroom, and

Brandon Burg

Signature Realty Group LLC

(605) 827-7519

916 N Harth Ave, Madison, SD 57042
/25
$239,900
- 3 Beds
- 1 Bath
- 1,236 Sq Ft
2208 S Willow Ave, Sioux Falls, SD 57105

Investment opportunity or First Time Homeowner home located close to Augustana University, with 3 bedrooms, 1 bath, with single stall garage yard is partially fenced. In real estate it is about location and condition this home is in a great location and is in good condition. Open House Sunday Sept. 7th from 1-2:30pm

Tony Bachman

Coldwell Banker Empire Realty

(605) 315-5991

2208 S Willow Ave, Sioux Falls, SD 57105
/40
$285,000
- 4 Beds
811 Willsie Ave Unit 811, 813, Rapid City, SD 57701

Offered by Dante Colicheski Black Hills Realty. Excellent investment opportunity in a convenient Rapid City location! This well-maintained duplex offers two spacious units, each with its own private entrance, ample parking, and functional layouts. Both units feature generous living areas, full kitchens, and in-unit laundry hookups, making them highly attractive to tenants. Whether you’re looking

Dante Colicheski

BLACK HILLS REALTY

(605) 827-1835

811 Willsie Ave Unit 811, 813, Rapid City, SD 57701
/4
$120,000
- Land
306 Railroad Ave, Frederick, SD 57441

3.36 Acres within Frederick City Limits! This spacious parcel offers ample room for building, development, or personal use; all while enjoying the convenience of being in town. If you are looking for a homesite, investment, or space for a future projects; call your Realtor for details!

Joni Napton

JARK REAL ESTATE

(605) 307-3925

306 Railroad Ave, Frederick, SD 57441
/14
$75,000
- 3 Beds
- 1 Bath
- 980 Sq Ft
303 Railroad Ave, Frederick, SD 57441

3 Bedroom 1 bath Mobile home situated on a spacious lot with room for gardening, outdoor activities or future improvement located in Frederick, SD. Great opportunity for a starter property, rental investment, or someone looking for affordable small town living.

Joni Napton

JARK REAL ESTATE

(605) 309-8664

303 Railroad Ave, Frederick, SD 57441
/19
$134,900
- 2 Beds
- 1.5 Baths
- 1,500 Sq Ft
612 NW 8th St, Madison, SD 57042

Charming 2-Bedroom home with spacious yard. This 2-bedroom, 2-bathroom home is perfect for those seeking affordable living or a possible investment. Boasting alley access for added convenience, this property sits on a generous lot that offers a large yard—ideal for outdoor activities, gardening, or simply enjoying the fresh air. Step inside to discover an updated kitchen, featuring modern

Brandon Burg

Signature Realty Group LLC

(605) 702-6717

612 NW 8th St, Madison, SD 57042
/5
$125,000
- Land
- 0.35 Acre
- $355,316 per Acre
163 Lake Ridge Dr, Wentworth, SD 57075

Welcome to the Lakes Community located between Lake Madison and Lake Brant. This walk out lot is located on hole number 7 of the Lakes Golf Course. Great views of Hole number 6 green and Hole number 5 & 7 teebox. Living on the golf course is like being on vacation all year long. The small HOA fee ($150/year) takes care of streetlights and a park tha tborders Round Lake with a community dock,

Todd Nelson

Harr & Lemme Real Estate

(605) 864-4223

163 Lake Ridge Dr, Wentworth, SD 57075
/29
$825,000
- 4 Beds
- 5 Baths
- 2,546 Sq Ft
1415 Old Hill City Rd, Keystone, SD 57751

Listed by Henry Ulrich, Ascend Realty, 605-490-2040. This is a versatile property with three distinct living areas perfect for your next investment, VRBO, or personal residence. The main level features a large covered front porch, deck, main floor laundry, custom woodwork, and panoramic creek views from the back windows. Multiple fireplaces throughout the home include a striking double-sided unit

Henry Ulrich

Ascend Realty

(605) 600-7533

1415 Old Hill City Rd, Keystone, SD 57751
/29
$360,000
- 5 Beds
- 5 Baths
- 2,200 Sq Ft
1118 W 8th St, Sioux Falls, SD 57104

This updated 5-unit property offers excellent investment potential with a proven rental track record. Recent improvements include a newer roof and freshly painted exterior for long-term durability and curb appeal. Most units feature remodeled interiors with updated paint, flooring, and lighting. The basement unit was fully renovated with a modern kitchen, tile shower, and contemporary finishes

Chris Chase

Results Real Estate

(605) 599-1983

1118 W 8th St, Sioux Falls, SD 57104
/26
$359,700 Open Thu 5PM - 7PM
- 3 Beds
- 3 Baths
- 2,052 Sq Ft
4449 Misty Woods Ln, Rapid City, SD 57701

Nearly New Townhome with Solar, Premium Upgrades, and Beautiful Landscaping – NO HOA! Unique Opportunity: The adjoining townhome at 4461 Misty Woods Ln (MLS #174439) is also available for purchase—perfect for multi-generational living or investment! Built in 2023, this 3-bedroom, 3-bath townhome offers a spacious 2-car garage and is located in a nice, established neighborhood with no HOA or

ALISHA GODBEY

NAVX REALTY

(605) 453-5830

4449 Misty Woods Ln, Rapid City, SD 57701
/2
$125,000
- 2 Beds
- 1 Bath
- 740 Sq Ft
610 1/2 4th St NW, Watertown, SD 57201

Great rental opportunity or investment into your long term financial plan. This home, located close to Prairie Lakes Hospital is ready for new owners. There is currently a tenant in place, through 11/30/25 paying $850/month. Seller requests 24 hour notice to show so we can coordinate through management company & tenant.

Kyle Lalim

HAUGAN NELSON REALTY, INC

(605) 952-5568

610 1/2 4th St NW, Watertown, SD 57201
/36
$610,000
- 3 Beds
- 2 Baths
- 2,015 Sq Ft
24269 State 50 Hwy, Chamberlain, SD 57325

Nestled just outside of Chamberlain, this rustic log cabin offers the perfect blend of peaceful seclusion and breathtaking river views. Perched above the mighty Missouri River, this property invites you to slow down, breathe deep, and soak in the beauty of South Dakota’s rolling landscape. Whether you're looking for a year-round residence, a serene vacation escape, or a turn-key investment

Lacie Packard

Keller Williams Realty Sioux Falls

(605) 853-8311

24269 State 50 Hwy, Chamberlain, SD 57325
/33
$1,750,000
- 4 Beds
- 3.5 Baths
- 3,612 Sq Ft
11758 W Highway 44, Rapid City, SD 57702

Bordering National Forest Service & direct access to Rapid Creek with a private bridge just 10+ minutes outside of Rapid City - This is True Black Hills Living ! An unparalleled prime offering of 4.10 serene acres with 2 parcels. The remarkable residential retreat is entertaining & spacious with approximately 3,612 sq ft of living areas with expansive window views, vaulted wood ceilings, 4 cozy

NICHOLE BIEGLER eXp Realty

11758 W Highway 44, Rapid City, SD 57702
/36
$1,750,000
- 4 Beds
- 3.5 Baths
- 3,612 Sq Ft
11758 S Dakota 44, Rapid City, SD 57702

Bordering National Forest Service & direct access to Rapid Creek with a private bridge just 10+ minutes outside of Rapid City - This is True Black Hills Living ! An unparalleled prime offering of 4.10 serene acres with 2 parcels. The remarkable residential retreat is entertaining & spacious with approximately 3,612 sq ft of living areas with expansive window views, vaulted wood ceilings, 4 cozy

NICHOLE BIEGLER EXP REALTY

11758 S Dakota 44, Rapid City, SD 57702
/28
$599,900
- 3 Beds
- 2 Baths
- 1,902 Sq Ft
21180 Lookout Trail, Lead, SD 57754

Discover your Black Hills getaway in this 1,952 sq. ft. log cabin near Terry Peak—perfect as a vacation rental or private retreat. With 3 bedrooms, 2 baths, vaulted ceilings, a cozy fireplace, and a charming loft, it blends rustic warmth with modern comfort. The light-filled kitchen offers ample counter space, while the open deck showcases breathtaking views. Spacious living and family rooms

Jeffery Christians REAL BROKER - SPEARFISH

21180 Lookout Trail, Lead, SD 57754
/81
$1,750,000
- 5 Beds
- 5.5 Baths
- 3,700 Sq Ft
20888 Majestic Heights Rd, Sturgis, SD 57785

Nestled in the breathtaking landscape of western South Dakota, this new construction masterpiece blends rustic elegance with modern sophistication. Set on over 2 acres of gently sloping land, the home offers unrivaled privacy and million-dollar views, bordering the majestic Black Hills National Forest. Yet, it's conveniently close to all the adventure, history, and excitement that the Black

Jacob Benedict Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

20888 Majestic Heights Rd, Sturgis, SD 57785
/41
$1,490,000 New Construction
- 4 Beds
- 3.5 Baths
- 3,245 Sq Ft
11286 Eastwind Ct, Lead, SD 57754

BRAND NEW & TURNKEY — Your Next Investment Awaits! Step into effortless luxury in this just-completed 3,245 sq. ft. home in the highly desirable Powder House subdivision — designed for comfort, built for lasting value, and ready for immediate enjoyment. Whether you're looking for a full-time residence, vacation getaway, or income-generating property, this turnkey gem checks all the boxes. Set on

Jeffery Christians Real Broker Spearfish

11286 Eastwind Ct, Lead, SD 57754
/40
$1,490,000 New Construction
- 4 Beds
- 3.5 Baths
- 3,245 Sq Ft
11286 Other Unit Eastwind Court, Lead, SD 57754

BRAND NEW & TURNKEY — Your Next Investment Awaits! Step into effortless luxury in this just-completed 3,245 sq. ft. home in the highly desirable Powder House subdivision — designed for comfort, built for lasting value, and ready for immediate enjoyment. Whether you're looking for a full-time residence, vacation getaway, or income-generating property, this turnkey gem checks all the boxes. Set on

Jeffery Christians REAL BROKER - SPEARFISH

11286 Other Unit Eastwind Court, Lead, SD 57754
/44
$379,000
- 3 Beds
- 2 Baths
- 1,556 Sq Ft
1711 9th St, Rapid City, SD 57701

Whether you’re looking for a perfect place to call home or an income-producing investment this 1,636 sq. ft., 3-bed, 2-bath home in the desirable West Boulevard area already offers a proven rental history. This home has an inviting main area featuring original hardwood floors , while the kitchen offers modern appliances, plenty of cabinetry and cupboard space. The primary suite includes

Jeffery Christians Real Broker Spearfish

1711 9th St, Rapid City, SD 57701
/40
$1,175,000
- 5 Beds
- 4 Baths
- 2,522 Sq Ft
21332 Other Unit Trailside Road, Lead, SD 57754

Turnkey Mountain Retreat with Proven Rental Income – Located in the sought-after Powder House subdivision, this stunning 2022-built mountain escape offers 5 spacious bedrooms, 4 bathrooms, and 2,522 sq. ft. of modern comfort and style. Perfectly situated near Deadwood, Terry Peak, the famous Mickelson Trail, and top winter sports destinations, this property is the ultimate investment opportunity

Jeffery Christians REAL BROKER - SPEARFISH

21332 Other Unit Trailside Road, Lead, SD 57754
/37
$889,000
- 5 Beds
- 4.5 Baths
- 3,233 Sq Ft
21230 Last Chance Trail, Lead, SD 57754

Listed by Seth Malott, with CENTURY 21 ClearView Realty, (605) 545-2609. Nestled in the coveted Lost Camp Valley Subdivision near Terry Peak, 21230 Last Chance Trail, is a stunning 3,164 sq. ft., custom built cabin which offers a rare opportunity to own a turn-key, fully furnished and well managed retreat with unbeatable proximity to winter sports, ATV/UTV/hiking trails, and historic Deadwood.

Seth Malott CENTURY 21 CLEARVIEW REALTY

21230 Last Chance Trail, Lead, SD 57754

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