South Dakota Multifamily Homes & Duplexes for Sale

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  /16

  $785,398

  • 10 Beds
  • 8 Baths
  • 5,070 Sq Ft

  3600 W 93rd St, Sioux Falls, SD 57108

  "Bulk Sale" the total number of units in this package is 16. (4) fourplexes to be sold for $3,141,592.00 (No, that’s not a typo. Yes, that’s pi (p) because this deal is just that sweet, and perfectly irrational, just like falling in love with real estate.) This is your chance to own four townhome-style fourplexes, 16 total units, all nestled on W 93rd St in Sioux Falls. With over $25,000 in

  Judd Lindquist Hegg, REALTORS

  3600 W 93rd St, Sioux Falls, SD 57108
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  /51

  $710,000

  • Studio
  • 5,120 Sq Ft

  1418 E Redwood Blvd, Brandon, SD 57005

  A rare opportunity for seasoned or new investors, this well-maintained Brandon 4-plex offers strong income potential, desirable layout & amenities for tenants & minimal owner expense. It includes two spacious 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units, each with 2 entrances from side door through oversized attached garage or through main lobby—a rare combo of convenience and privacy

  Melissa Eich AMERI/STAR Real Estate, Inc.

  1418 E Redwood Blvd, Brandon, SD 57005
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  /27

  $589,900

  • Studio

  438 S 14th St, Hot Springs, SD 57747

  Excellent investment opportunity! This well-maintained 4-plex features four spacious 2-bedroom, 1-bath units—one offering a bonus sunroom for added living space. Ideally situated across from Butler Park and within walking distance to the public library, the location provides everyday convenience and easy access to local amenities. Each unit includes laundry hookups and is separately metered. A

  Christine Heidebrink Black Hills Best Realty

  438 S 14th St, Hot Springs, SD 57747
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  /39

  $374,900

  • Studio
  • 1,966 Sq Ft

  227 N Spring Ave, Sioux Falls, SD 57104

  Historic Charm Meets Modern Living – Step into timeless elegance with this beautifully maintained triplex nestled in the heart of Sioux Falls. This classic property seamlessly blends historic character with modern updates, offering a unique investment or multi-family living opportunity in one of the city's most vibrant neighborhoods. Featuring a distinctive architectural style, each unit

  Jim Koch eXp Realty - Sioux Falls

  227 N Spring Ave, Sioux Falls, SD 57104
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  /30

  $850,000

  • Studio

  735 N 8th St, Spearfish, SD 57783

  BACK ON THE MARKET- NO FAULT TO SELLER! VERY MOTIVIATED SELLER! BEAUTIFUL AND UNIQUE VICTORIAN HOME FOR INVESTMENT PROPERTY OR MAKE IT YOUR HOME!! This unique property was built in 1900 and is currently used as a vacation rental. There are a total of 8 bdrms, 4.5 baths, with two separate living spaces. The main home has six bedrooms/3.5 baths; and the quaint and sunlit basement apartment has

  Elizabeth Frederick South Dakota Properties

  735 N 8th St, Spearfish, SD 57783
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  /2

  $324,000

  • 8 Beds
  • 4 Baths
  • 3,553 Sq Ft

  1203 E Cherry St, Vermillion, SD 57069

  2 adjacent homes zoned commercial. Excellent area for future development. easy to rent, close to USD campus. High traffic count and visibility. 1203 E Cherry is a nicely remodeled SFR. 1209 E Cherry is an updated SFR. 1203 and 1209, tenants pay all utils. 2. Prime location that pays for itself until you develop.

  Barbara Iacino Dakota Realty & Property Mgmt

  1203 E Cherry St, Vermillion, SD 57069
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  /38

  $344,900

  • 6 Beds
  • 2 Baths
  • 2,464 Sq Ft

  223 S Spring Ave, Sioux Falls, SD 57104

  Duplex Investment Opportunity Near Downtown Sioux Falls! Welcome to a charming and spacious duplex that’s ready for any investor! Each unit offers 3 comfortable bedrooms and 1 full bathroom, with beautiful hardwood floors throughout and classic details that add character and warmth. Enjoy the bright and inviting front sunroom—a perfect additional space for relaxing or added tenant appeal. Both

  Jim Koch eXp Realty - Sioux Falls

  223 S Spring Ave, Sioux Falls, SD 57104
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  /18

  $519,900

  • 12 Beds
  • 4 Baths
  • 4,712 Sq Ft

  201 3rd St SE, Watertown, SD 57201

  Investor alert! this nice 4-plex in the center of Watertown is on the market!! These updated units have 3 bedrooms and one bath with separate entrances per unit and comes with a one stall detached garage. Mostly newer/updated windows,shingles, rubber roof in 2008, electrical panel, plumbing, 4 refrigerators, 4 stoves, with 3 unites renting for 900 a month and 4th unit is under going remodeling

  Jim Pieper JP REAL ESTATE

  201 3rd St SE, Watertown, SD 57201
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  /24

  $229,900

  • 3 Beds
  • 2.5 Baths
  • 1,777 Sq Ft

  721 E Kemp Ave, Watertown, SD 57201

  Versatile Duplex or Single-Family Home - Great Investment Opportunity!This unique property is currently configured as a duplex, offering a 2-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathroom unit—perfect for a variety of living or investment options. Whether you're an investor looking to generate rental income, or a homeowner seeking flexibility, this property fits the

  Melody Kerkvliet REAL ESTATE PROFESSIONALS

  721 E Kemp Ave, Watertown, SD 57201
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  /17

  $149,900

  • 4 Beds
  • 2 Baths
  • 1,728 Sq Ft

  209 W 7th St, Redfield, SD 57469

  4 bedroom, 2 bath, family room

  Laurie Stahl Redfield Realty

  209 W 7th St, Redfield, SD 57469
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  /28

  $349,900

  • 5 Beds
  • 3 Baths
  • 2,559 Sq Ft

  817 W 15th St, Sioux Falls, SD 57104

  Don't miss this rare chance to own a fully occupied triplex in a highly sought-after central location! This well-maintained property offers strong, consistent cash flow and long-term investment stability. Each unit is tenant-occupied, generating immediate income from day one. Whether you're a seasoned investor or just starting to build your portfolio, this property is a smart addition with

  Mallory Kuiper Hegg, REALTORS

  817 W 15th St, Sioux Falls, SD 57104
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  /30

  $275,000

  • 3 Beds

  911 Haines Ave, Rapid City, SD 57701

  Don’t miss out on this solid up/down duplex with a lot to offer. Both units have been updated with fresh paint and new flooring, giving each space a clean, modern feel. The lower unit is a 1 bedroom, 1 bath setup—simple and efficient, great for a single renter or couple. Upstairs is a roomy 2 bedroom, 1 bath unit that feels bright and inviting, making it an easy choice for long-term tenants.

  THOMAS PATTON KELLER WILLIAMS REALTY BLACK HILLS

  911 Haines Ave, Rapid City, SD 57701
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  /15

  $449,000

  • Studio

  5400 Cedar St, Black Hawk, SD 57718

  Turnkey 4-unit multifamily in Black Hawk, SD — all 1 bed, 1 bath units This well-maintained property offers a strong rental history with a consistent 0–5% vacancy rate and reliable tenant retention. Located just minutes from Rapid City and Ellsworth AFB, it’s ideal for commuters and working professionals. Each unit has a private entrance, ample parking, and modern finishes where updated. Low

  Stacy Domogalski Berkshire Hathaway HomeServices Midwest Realty

  5400 Cedar St, Black Hawk, SD 57718
• 

  

  /17

  $399,900

  • Studio

  35 3rd St, Lead, SD 57754

  Situated just on the edge of Lead City limits, this contemporary Duplex captures the essence of modern living in the serene Black Hills. Featuring 2 two units - one upper and one lower - each unit includes 2 bedrooms, 1 bathroom, and the convenience of in-unit laundry. Stylishly updated and meticulously maintained, both units currently serve as successful short-term rentals, offering a lucrative

  BRITTNI BJORUM West River Realty

  35 3rd St, Lead, SD 57754
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  /23

  $275,000

  • 4 Beds
  • 2 Baths
  • 1,750 Sq Ft

  704 W Bailey St, Sioux Falls, SD 57104

  Investors take note! Here is a chance to own a property that has been remodeled but still has room to grow equity. House hack one side and rent out the other, or rent them both out. Each side is 2 bed 1 bath and been completely remodeled with new kitchens, bathrooms, flooring, paint, and light fixtures. Basement is unfinished and has room to add equity. An egress window is already put in

  James Kats Keller Williams Realty Sioux Falls

  704 W Bailey St, Sioux Falls, SD 57104
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  /48

  $515,000

  • 6 Beds
  • 3 Baths
  • 3,220 Sq Ft

  4900 W 38th St, Sioux Falls, SD 57106

  Duplex boasting 2 units with an extra living quarters and an incredible location. Located just a 1.5 blocks from Lake Lorraine, your and/or your tenants & guests will never run out of things to do (see for all the goings on around the lake). Walking trail, restaurants, shopping, grocery, bike trail, recreation, healthcare, parks, and schools are all just blocks away, and easy access to main

  Jon Fick 605 Real Estate LLC

  4900 W 38th St, Sioux Falls, SD 57106
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  /5

  $278,000

  • Studio
  • 1,864 Sq Ft

  514 S Summit Ave, Sioux Falls, SD 57104

  Great investment opportunity. Great ROI opportunity. This Tri-Plex has 3 bedrooms and and 1 bathroom on the main level. All new carpet on the main level. The other 2 units are 2 bedroom and 1 bath. Both upstairs units are occupied. Great rental history. Listing agent is a licensed real estate agent in the state of South Dakota.

  Terry Keller Market First Real Estate

  514 S Summit Ave, Sioux Falls, SD 57104
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  /19

  $194,900

  • 5 Beds
  • 3 Baths
  • 2,152 Sq Ft

  426 1st St NW, Watertown, SD 57201

  NICE THREE PLEX IN NW WATERTOWN. MANY NICE UPDATES DONE . NEW SHINGLES AND GUTTERS TO BE DONE BEFORE CLOSING GIVE US A CALL FOR YOUR PRIVATE SHOWING

  LORIE SMITH ROBY, REALTORS

  426 1st St NW, Watertown, SD 57201
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  /15

  $169,000

  714 S 2nd St, Aberdeen, SD 57401

  Large triplex! No current rental history due to family occupying all floors. Contains 2 large 2 bed 1 bath units. One is on the main floor and one in the upper level. The lower level features a huge 1 bed 1 bath complete with egress window.

  Austin Stage A+ Realty, LLC

  714 S 2nd St, Aberdeen, SD 57401
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  /38

  $349,900

  • Studio
  • 2,082 Sq Ft

  616 618 N Garfield Ave, Sioux Falls, SD 57104

  Don't miss this well-maintained duplex featuring two spacious 3-bedroom, 1-bath units—each with its own laundry & attached garage. Both units have been thoughtfully updated & are separately metered, allowing tenants to cover their own electricity & heat. The upper unit features sliding doors that open to a newer 12x12 deck (2022) & fully fenced backyard-perfect for pets, play, or outdoor

  Brandyn Vetos Amy Stockberger Real Estate

  616 618 N Garfield Ave, Sioux Falls, SD 57104
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  /25

  $179,500

  • 4 Beds
  • 2 Baths
  • 1,530 Sq Ft

  320 N Broadway St, Canton, SD 57013

  Discover an opportunity with this 2-story duplex—perfect for owner-occupants, investors, or multi-generational living. Each unit offers comfortable, independent living with its own private entrance and in-unit laundry. The main floor unit features 2 bedrooms and 1 full bathroom, an inviting living room, and a spacious eat-in kitchen—ideal for everyday living and entertaining. Residents of this

  Ron Weber Hegg, REALTORS

  320 N Broadway St, Canton, SD 57013
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  /34

  $349,000

  • 4 Beds
  • 2 Baths
  • 2,399 Sq Ft

  3605 E 18th St, Sioux Falls, SD 57103

  Be sure to check out this East side duplex! Featuring two bedrooms and one bath in each unit, each with it's own single car garage! You'll love the large bedrooms and closet space, bright living rooms, and kitchens with plenty of room to cook, store, entertain and enjoy! Spacious layouts and private entrances along with each unit having their own fenced back yard space to enjoy. Each unit is

  Matt Leedom Cascade Real Estate

  3605 E 18th St, Sioux Falls, SD 57103
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  /35

  $749,900

  • Studio

  12299 Benchmark Rd, Nemo, SD 57759

  Welcome to this unique property featuring 3 separate living units, making it ideal for multi-generation living, rental opportunities or single family living. This stunning property is set on nearly 5 acres of serene, usable land with over 2 acres of sunny meadow in front and a lush forest backdrop offering privacy, functionality and incredible potential. The upper unit offers a spacious, full

  Michael Alley Exit Realty Black Hills

  12299 Benchmark Rd, Nemo, SD 57759
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  /5

  $149,900

  415 N Lincoln St, Aberdeen, SD 57401

  4 Plex in Aberdeen, SD - 24 Hour Notice needed to show this cash flowing property!

  Ashton Davis Jency Realty Company

  415 N Lincoln St, Aberdeen, SD 57401
• 

  

  /19

  $299,900

  • 4 Beds
  • 2 Baths
  • 1,768 Sq Ft

  1309 S Gary Dr, Sioux Falls, SD 57103

  Great Duplex Investment Opportunity – 2 Bed / 1 Bath Per Unit! Don't miss this versatile upper and lower duplex, perfect for owner-occupants or investors! Each unit offers 2 bedrooms and 1 full bath, with comfortable living spaces. Recent updates include newer furnaces and central A/C in recent years, ensuring year-round comfort and efficiency. A detached 1-stall garage with a brand-new roof

  Mike Fedt Keller Williams Realty Sioux Falls

  1309 S Gary Dr, Sioux Falls, SD 57103
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  /14

  $209,900

  • Studio

  213 E Watertown St, Rapid City, SD 57701

  Multi-family Duplex opportunity! Upstairs unit is 2 bed 1 bath with a covered front porch! Downstairs is 1 bed 1 bath. Laundry hookups on site. Steel roof, New windows, 2 sheds & fenced!

  Drew Yeoman Black Hills SD Realty

  213 E Watertown St, Rapid City, SD 57701
• 

  

  /17

  $399,900

  • 7 Beds
  • 3 Baths
  • 1,402 Sq Ft

  802 W Kemp Ave, Watertown, SD 57201

  This triplex is completely remodeled with, new roof, siding, wiring sheetrock, flooring, cabinets, appliances, to name a few. There are two units now rented the 3 bedroom upstairs rents for $1200 monthly plus they pay utilities, lower one bedroom rents for $800 monthly both in leases. The lower 3 bedroom unit can be rented out for $1200 a month or you can live there and rent out the other two to

  Jim Pieper JP REAL ESTATE

  802 W Kemp Ave, Watertown, SD 57201
• 

  

  /18

  $6,800,000

  • 6 Beds

  426 & 434 E Fairmont Blvd, Rapid City, SD 57701

  81 unit apartment complex with a mixture of studio (24), 1 bed (27), 2 bed (24), a3 bed apartments (6), and 12 garages. Conveniently located in SE Rapid City just down the street from Monument Hospital and between two major thoroughfares HWY 16 and HWY 79. Robbinsdale Park complex is directly to the East of this property offering tenants numerous recreation opportunities as well. The property is

  Ed Dreyer RE/MAX ADVANTAGE

  426 & 434 E Fairmont Blvd, Rapid City, SD 57701
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  /37

  $659,000

  • 10 Beds
  • 6 Baths
  • 5,472 Sq Ft

  502 E 4th St, Canton, SD 57013

  Are you looking for a well cared for real estate investment? This one is for you. It is a fourplex unit with an additional single family unit right next to it. The spacious units all have been updated recently and all of the units have attached garages with their own utilities. The single family unit was just completed in 2021 and the 4 plex has new siding, new furnaces and central air in

  John Schutte Keller Williams Realty Sioux Falls

  502 E 4th St, Canton, SD 57013
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  /26

  $199,000

  • Studio

  231 Quincy St, Rapid City, SD 57701

  Welcome to 231 Quincy St in Rapid City! This up/down duplex home is ready for new owners! On the main level, there is a kitchen, laundry, full bath, 2 bedrooms, dining area, living room, 4 seasons room, and wood floors. The lower level features a living room, 2 bedrooms(NTC), a full bath, and a small kitchen. Outside you have a large corner lot, alley access parking, and a fenced yard. Live in

  TJ Wojtanowicz Black Hills SD Realty

  231 Quincy St, Rapid City, SD 57701
• 

  

  /21

  $299,000

  1224 N Lloyd St, Aberdeen, SD 57401

  TURN KEY INVESTMENT! 4 Plex consisting of (3) - 1 Bedroom Units and (1) 3 Bedroom unit with option of converting the loft to a 4th. Garage stall for main level unit and back shed/garage rented out separately.28 Hr Notice is a must.

  Melanie Bobby Jency Realty Company

  1224 N Lloyd St, Aberdeen, SD 57401
• 

  

  /24

  $180,000

  • 3 Beds
  • 2 Baths
  • 1,960 Sq Ft

  513 Park Ave, Gregory, SD 57533

  Welcome to this beautifully maintained two-story residence which features an attached garage and showcases craftsman-style woodwork, flooring, and doors throughout. The modern kitchen is equipped with newer appliances, perfect for cooking in and entertaining.. On the main level, you'll find two sizable bedrooms and a updated bath and laundry, along with a welcoming living room and a spacious

  Kay Bolton South Central Realty

  513 Park Ave, Gregory, SD 57533
• 

  

  /18

  $329,900

  302 S Harrison St, Aberdeen, SD 57401

  Looking for an income property with space, style, and flexibility? This beautifully remodeled home has it all -- and then some! With three fully updated levels, a separate upstairs entrance, and upgrades from top to bottom, this property is a real estate mic drop. Step inside the main floor, where you'll find two bedrooms, a modern full bath, a spacious living room, an open dining area, and a

  Marnie Johnson Johnson & Johnson Real Estate

  302 S Harrison St, Aberdeen, SD 57401
• 

  

  /12

  $299,900

  123 N Lloyd St, Aberdeen, SD 57401

  Fully Renovated Duplex! Welcome to this stunning one-and-a-half story home that has been completely rebuilt from the studs up, inside and out, offering the perfect blend of modern design and functional living. Located on a corner lot, this beautifully updated property features 3 bedrooms and 2.5 baths above ground, showcasing craftsmanship and thoughtful updates throughout. Step inside to

  Marnie Johnson Johnson & Johnson Real Estate

  123 N Lloyd St, Aberdeen, SD 57401
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  /40

  $89,000

  • Studio

  414 2nd Ave, Edgemont, SD 57735

  Step into a home full of history and charm, nestled on Edgemont’s main street. Built in 1900, this unique residence offers 696 square feet of cozy living space on the main floor, featuring one bedroom, one bathroom, a welcoming living room, and a well-appointed kitchen. A distinctive house spire or turret adds a fairy-tale charm, making this home truly one-of-a-kind. Above, an independent studio

  Patricia Schultz Heartland Real Estate

  414 2nd Ave, Edgemont, SD 57735
• 

  

  /10

  $245,000

  • 4 Beds

  405 E Watertown St, Rapid City, SD 57701

  This solid investment property features three distinct units, all currently occupied by long-term tenants responsible for their own gas and electric. The main floor unit offers a functional layout with a living room, kitchen, full bathroom, and two bedrooms, while the upstairs studio apartment boasts newer carpet, fresh paint, an updated kitchen, and recently redone steps and patio access. The

  Seth Malott CENTURY 21 CLEARVIEW REALTY

  405 E Watertown St, Rapid City, SD 57701
• 

  

  /37

  $270,000

  • 3 Beds
  • 2.5 Baths
  • 1,344 Sq Ft

  510 W 14th St, Winner, SD 57580

  Check out this NEW listing! It boasts an amazing layout with an open kitchen, living room, and dining room! You'll love the three bedrooms and one and three-quarters baths on the main floor! The kitchen has a great layout, featuring a propane cookstove and stainless-steel appliances (new in 2023), including a refrigerator, dishwasher, and microwave! The kitchen has laminate countertops and

  Kay Bolton South Central Realty

  510 W 14th St, Winner, SD 57580
• 

  

  /35

  $625,000

  • 16 Beds
  • 8 Baths
  • 6,528 Sq Ft

  301 W Prospect Ave, Flandreau, SD 57028

  Investors, take note! This meticulously maintained 8-unit property is a rare opportunity to add a turnkey asset to your portfolio. With zero vacancies and a consistent history of proactive care, this building delivers dependable cash flow and tenant satisfaction. Major updates include new siding and windows in 2008, a durable steel metal roof installed in 2018, and a gas water heater replaced in

  Jacob Benedict Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

  301 W Prospect Ave, Flandreau, SD 57028
• 

  

  /19

  $360,000

  • Studio
  • 3,632 Sq Ft

  207 W 14th St, Sioux Falls, SD 57104

  Unlock a rare investment opportunity with an impressive 8% cap rate in the heart of downtown Sioux Falls! This prime triplex offers exceptional income potential, situated just steps from top attractions, dining, and entertainment—ensuring steady tenant demand and consistent cash flow. Whether you're looking to build equity or maximize rental income, this property is a smart choice for savvy

  Amanda Nielsen Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

  207 W 14th St, Sioux Falls, SD 57104
• 

  

  /14

  $204,900

  • 4 Beds

  217 E Monroe St, Rapid City, SD 57701

  Great investment opportunity, up down duplex with separate entrances in the rear. Each unit has separate electric and gas. Owner pays the water, sewer and trash Main Floor Unit: 2 bedrooms, 1 bathroom, living room, and kitchen. Currently rented for $700/month. Lower-Level Unit: 2 bedroom, 1 bathroom, living room and kitchen Currently rented for $650.00/month Both units have common entrance at

  JOE MUTH COLDWELL BANKER BLACK HILLS LEGACY

  217 E Monroe St, Rapid City, SD 57701

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