South Dakota Multifamily Homes & Duplexes for Sale

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  /18

  $115,000

  • Studio

  1835 University Ave Unit 1835 and 1835 1/2 UN, Hot Springs, SD 57747

  Listed by Elissa Erickson, KWBH, 605-877-4060. Calling investors- great opportunity for independent multi-family living- 2 homes on 1 city lot! *Both homes are ranch style layouts with just under 600sqft of living space *Back unit offers 1 bedroom, 1 bathroom, a corner kitchen with good cabinet space, eat in dining area, main floor laundry and a partially finished basement space to customize as

  Elissa Erickson Keller Williams Realty Black Hills SP

  1835 University Ave Unit 1835 and 1835 1/2 UN, Hot Springs, SD 57747
• 

  

  

  /19

  $194,900

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

  426 1st St NW, Watertown, SD 57201

  GREAT INCOME OPPORTUNITY MUST SEE THIS NICE THREE PLEX IN NW WATERTOWN. MANY NICE UPDATES DONE . NEW SHINGLES AND GUTTERS GIVE US A CALL FOR YOUR PRIVATE SHOWING

  LORIE SMITH ROBY, REALTORS

  426 1st St NW, Watertown, SD 57201
• 

  

  

  /40

  $799,000

  • 8 Beds

  735 N 8th St, Spearfish, SD 57783

  HUGE $50,000 PRICE IMPROVEMENT!! 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 2

  Elizabeth Frederick SOUTH DAKOTA PROPERTIES

  735 N 8th St, Spearfish, SD 57783
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  /42

  $340,000

  • 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), all new vinyl flooring throughout (2025), new interior paint

  Brandyn Vetos Amy Stockberger Real Estate

  616 618 N Garfield Ave, Sioux Falls, SD 57104
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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
• 

  

  /19

  $274,900

  • 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
• 

  

  /20

  $275,000

  • 3 Beds

  831 Dilger Ave, Rapid City, SD 57701

  Listed By Tom Blain - Keller Williams Realty Black Hills - 605-716-1111 Investors,,,,,,take a LOOK. Price Reduced $30,000. Great opportunity for a Cash Buyer. Fantastic investment opportunity! This fully occupied 4-plex features four 1-bedroom, 1-bath units with strong rental history and excellent cash flow. Located near schools, shopping, and with easy access to downtown and I-90, this

  Tom Blain KELLER WILLIAMS REALTY BLACK HILLS

  831 Dilger Ave, 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
• 

  

  /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
• 

  

  /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
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  /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
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  /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
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  /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 9% 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

  $192,000

  • 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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  /44

  $1,300,000

  • Studio

  1105 5th St, Sturgis, SD 57785

  The possibilities are endless. This property has fresh paint inside and out with all new flooring and window treatments. Each bedroom door has its own key and the bathrooms have received updates as well. This was previously operated as a 16 bed licensed Assisted Living and could easily be used as such once again. This could be an ideal Investment Property or a facility for Traveling Nurses,

  MARK WILLIAMS The Real Estate Center of Sturgis

  1105 5th St, Sturgis, SD 57785
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  /47

  $119,900

  • 5 Beds
  • 3 Baths
  • 2,432 Sq Ft

  120 SW 2nd St Unit 1 & 2, Wentworth, SD 57075

  Duplex located on a corner lot in the charming town of Wentworth. The property is conveniently situated between Brookings and Sioux Falls, with easy access to Madison. This property features two units with ample parking, including an attached single garage, creating a strong opportunity for rental income. The first unit comprises three bedrooms and two bathrooms, while the second unit includes

  Miranda Krumm Signature Realty Group LLC

  120 SW 2nd St Unit 1 & 2, Wentworth, SD 57075
• 

  

  /24

  $134,900

  • 4 Beds
  • 2 Baths
  • 1,568 Sq Ft

  118 SW 2nd St Unit 1 & 2, Wentworth, SD 57075

  Discover this duplex located in the rural community of Wentworth. Ideally situated between Brookings and Sioux Falls, with convenient access to Madison, this property features two fully leased units with ample parking. Built in 2013, each unit includes two bedrooms, one bathroom, and laundry hookups. Both units are individually metered for electrical usage. During your visit, experience the

  Miranda Krumm Signature Realty Group LLC

  118 SW 2nd St Unit 1 & 2, Wentworth, SD 57075
• 

  

  /23

  $245,000

  • 4 Beds
  • 2 Baths
  • 1,142 Sq Ft

  116 N van Eps Ave, Sioux Falls, SD 57103

  This multifamily duplex offers a fantastic investment opportunity or the perfect setup for owner-occupied living. Each unit features 2 spacious bedrooms and 1 full bathroom, with private entrances that provide added privacy and convenience. The property includes paved parking for residents and guests, and a large shared backyard ideal for outdoor gatherings, gardening, or relaxing. Whether you're

  Matthew Fisher Keller Williams Realty Sioux Falls

  116 N van Eps Ave, Sioux Falls, SD 57103
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  /39

  $2,550,000

  • 5 Beds
  • 5 Baths
  • 12,200 Sq Ft

  1411 Rushmore Dr, Brandon, SD 57005

  Two exceptional 16 unit apartments with a 6.95% Cap Rate, located in the growing and highly desirable city of Brandon, SD. 1411 & 1413 E Rushmore Dr are single level buildings with zero step entry and are in excellent condition. Completed Building Analysis Reports are available upon request. NOTE: 1411 & 1413 must be purchased together. These properties are a favorable addition to your real

  Marcus Walgrave Hegg, REALTORS

  1411 Rushmore Dr, Brandon, SD 57005
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  /27

  $529,900

  • 3 Beds
  • 4 Baths
  • 2,256 Sq Ft

  1035 N Spring Ave, Sioux Falls, SD 57104

  Unique turnkey opportunity near Downtown Sioux Falls has everything you need to start your investment dreams. This 4 unit home comes fully furnished, highly maintained and has a great history of short and mid term rental. Currently an AirBNB and Furnished Finder Super Host, The Garden House (unit 1 - sleeps 6), Meeting Place (unit 2 - sleeps 4), Victorian (unit 3, studio - sleeps 2), and Loft

  Tony Ratchford Keller Williams Realty Sioux Falls

  1035 N Spring Ave, Sioux Falls, SD 57104
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  /26

  $870,000

  • Studio

  12634. A-D Robins Roost Rd, Hill City, SD 57745

  Welcome to 12634 Robins Roost Rd — a beautifully maintained 4-unit condominium property located just minutes from downtown Hill City. This turnkey investment features two spacious 3-bedroom, 2-bath units and two charming 2-bedroom, 1-bath units — each with its own attached garage, offering convenience and privacy for tenants or owners. Property can be purchased as individual condo’s or as all

  Gage Zieske Blair Allen Luxury Real Estate LLC

  12634. A-D Robins Roost Rd, Hill City, SD 57745
• 

  

  /20

  $335,000

  • 2 Beds
  • 2 Baths
  • 1,260 Sq Ft

  1327 Cherry Dr, Watertown, SD 57201

  Great twinhome with open floor plan in wonderful location. Many kitchen cabinets, huge pantry, finished heated garage, master bath, covered patio off dining room with privacy fences! Here is how to live the easy way

  Joy Nelson HAUGAN NELSON REALTY, INC

  1327 Cherry Dr, Watertown, SD 57201
• 

  

  /13

  $216,900

  909 S Lloyd St, Aberdeen, SD 57401

  Turn Key! Great Solid Property Great Rental History! Firm 28 Hr Notice for Showings. This 3 Plex Has Great Tenants, Steel Siding, New Shingles, New Upstairs unit Heating, Newer poured concrete walk way. Worth a peek!

  Melanie Bobby Jency Realty Company

  909 S Lloyd St, Aberdeen, SD 57401
• 

  

  /31

  $219,000

  • 5 Beds

  636 Halley Ave, Rapid City, SD 57701

  Seller offer $10,000 credit to buyer and will consider carrying a 2nd! Great investment opportunity! Side by side duplex with a large lot. Updated roof, water heaters, furnance, sewer line, electric and plumbing. Great rental history with room to grow. Just needs a little cosmetic TLC!

  STEPHANIE HOLDINGHAUSEN SELLING 605 REALTY LLC

  636 Halley Ave, Rapid City, SD 57701
• 

  

  /40

  $36,750,000

  • 5 Beds

  4815 5th St Unit 4801- 4829 5th (165, Rapid City, SD 57701

  ATTENTION INVESTORS: 165 units with 72 garage stalls. 11 Buildings with 15 apartments per unit. 4 sets of garages each with 18 spaces. Garage spaces rent for $100 per month. Each building has 3 studio apartments of 558 sq ft that rent for $900 per month. 6- 1 bedroom 1 bath apartments at 774 sq ft that rent for $1100 per month. 6 -2 bedrooms, 2 bath at 1013 sq ft renting for $1400. Appliances

  TJ Wojtanowicz BLACK HILLS REALTY

  4815 5th St Unit 4801- 4829 5th (165, Rapid City, SD 57701
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  /38

  $730,000

  • 6 Beds
  • 6 Baths
  • 3,796 Sq Ft

  711 &713 N Dakota Ave, Dell Rapids, SD 57022

  Welcome to your dream home in Dell Rapids—a brand-new, expertly built twin home with quality in every detail. The main level offers a spacious kitchen with modern cabinetry and a pantry, flowing into an open living and dining area. A half bath adds convenience, while a sliding glass door leads to the covered back patio. Upstairs, the spacious master suite features an oversized walk-in closet,

  Amanda Snyder Keller Williams Realty Sioux Falls

  711 &713 N Dakota Ave, Dell Rapids, SD 57022
• 

  

  /8

  $2,500,000

  • Studio
  • 27,465 Sq Ft

  320 N Western Ave, Sioux Falls, SD 57104

  Sandy Creek Apartments is a 24-unit multifamily community located in Central Sioux Falls, South Dakota. Built in 1997, the property consists of a single three-story building situated on a well-positioned 1.23-acre lot. The asset offers approximately 27,465 square feet of rentable space across a mix of one-, two-, and three-bedroom layouts—designed to support steady rental demand and long-term

  Brad Stearns 605 Real Estate LLC

  320 N Western Ave, Sioux Falls, SD 57104
• 

  /2

  $244,900

  503 N Main St, Aberdeen, SD 57401

  Well maintained 5 unit multifamily property with newer windows and vinyl siding.

  Jon Webb FIRST PREMIER REALTY, LLC

  503 N Main St, Aberdeen, SD 57401
• 

  

  /35

  $1,750,000

  • Studio

  200 Montana Ave, Lead, SD 57754

  Listed by Jeremy Kahler, KWBH, 605-381-7500. Great opportunity to add to your investment portfolio- 23 unit apartment complex in Lead, SD with consistent rental history and great potential to expand! *Based on projections and current rent amounts, occupancy to be about 96% *Property is all on one level, with zero-entry access for easy accessibility, and complies with most ADA requirements *This

  JEREMY KAHLER Keller Williams Realty Black Hills SP

  200 Montana Ave, Lead, SD 57754
• 

  

  /23

  $725,000

  • 7 Beds
  • 11 Baths
  • 5,194 Sq Ft

  405 & 409 S Walts Ave, Sioux Falls, SD 57104

  10 units total; 405- 5 plex , 407- duplex, and 409- TriPlex. Listing includes Two 2 bedroom units, Four 1 bedroom units and 4 studios. Many updates have been made in the units, common areas, and exterior. Great rental history with minimal vacancies and long term tenants. Coin operated laundry on site. Triplex and duplex have separate electric meters. Listing agent has ownership interest in

  Marty Gullickson Harr & Lemme Real Estate

  405 & 409 S Walts Ave, Sioux Falls, SD 57104
• 

  

  /16

  $199,900

  1502 S Grant St, Aberdeen, SD 57401

  Possible duplex or triplex with work, labor and improvements. Looking for a project or an adventure. Endless possibilities and potential. Plus 5 stalls of garage space to rent and/or lease. Plus 8 small storage units too.

  Craig Mickelson MICKELSON-REALTORS(r), INC

  1502 S Grant St, Aberdeen, SD 57401
• 

  

  /22

  $825,000

  • Studio

  201 E Nowlin St Unit 203, 205, 207, 209,, Rapid City, SD 57701

  Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 6-unit complex (three duplexes) offers an excellent opportunity. Each unit features 2 bedrooms, 1 bathroom, a stove, refrigerator, window air conditioner, gas water heater, and forced air heating. Washer and dryer hookups are also included in every unit. Some units have been upgraded with LVT

  Nicole Petrik Engel & Völkers

  201 E Nowlin St Unit 203, 205, 207, 209,, Rapid City, SD 57701
• 

  

  /24

  $1,120,000

  • Studio
  • 5,860 Sq Ft

  6801 W Gresford Place, Sioux Falls, SD 57106

  Discover an incredible income-generating opportunity with this well-maintained 4-unit multifamily property! This turnkey investment is perfect for both seasoned investors and those looking to build wealth through real estate. Each townhome has 3 spacious bedrooms on the same level, 2 and a half bathrooms, a 2 car attached garage, and in-unit washers and dryers. You'll have immediate cash flow, as

  Maggie Miller Hegg, REALTORS

  6801 W Gresford Place, Sioux Falls, SD 57106
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  /36

  $1,625,000

  • Studio

  123 E Nowlin St Unit 125,127,129,131,133,, Rapid City, SD 57701

  Now is the perfect time to invest in Rapid City as it continues to grow and expand! This well-maintained 12-unit complex (six duplexes) offers a fantastic opportunity for investors. Each 2-bedroom, 1-bathroom unit includes a stove, refrigerator, window air conditioner, gas water heater, and forced air heating, along with washer/dryer hookups for added convenience. Some units have been upgraded

  Nicole Petrik Engel & Völkers

  123 E Nowlin St Unit 125,127,129,131,133,, Rapid City, SD 57701
• 

  

  /40

  $1,650,000

  • Studio

  603 N River St, Hot Springs, SD 57747

  Amazing business opportunity in this 32,000 sq ft charming historic multi use building in the heart of Hot Springs, SD. The grand hotel lobby will stun you with tall ceilings, hardwood floors, and a grand staircase. The pride of ownership shows throughout. Many opportunities include the stunning remodeled venue space that seats 254 guests with kitchen area & private bathroom access, 14 elegant

  Ariel Rudland West River Realty

  603 N River St, Hot Springs, SD 57747
• 

  

  /12

  $1,513,000

  • 3 Beds

  225 E Watertown St, Rapid City, SD 57701

  Solid 17 unit apartment complex in the heart of Rapid City with easy access to city center, shopping and public transportation. All brick construction making for ease of maintenance with recent updates including: New centralized boiler, 2021, Centralized water heater 2022 and some new windows. Property has low vacancy, on site laundry, decorative security fence, on site parking and is ready for

  Ed Dreyer RE/MAX ADVANTAGE

  225 E Watertown St, Rapid City, SD 57701

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