South Dakota Multifamily Homes & Duplexes for Sale

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  /28

  $389,900

  • 4 Beds
  • 4 Baths
  • 3,150 Sq Ft

  4805 S Baha Ave, Sioux Falls, SD 57106

  Investment opportunity in a prime SW Sioux Falls location! This duplex features two units, each with 2 bedrooms and 2 bathrooms. Each unit includes private outdoor spaces with patios, a fenced yard, and a full-length tennis court. Perfectly positioned for convenience, this property places you within 1 mile from the grocery store, fitness centers, the Empire Mall, and a variety of restaurants.

  Kelsey Gluf Veldhouse Companies LLC

  4805 S Baha Ave, Sioux Falls, SD 57106
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  /31

  $450,000

  • Studio

  6405 Sunset Dr, Black Hawk, SD 57718

  BELOW ASSESSED VALUE! ACCESSORY DWELLING! INCOME POTENTIAL! Listed by Arnie Sharp 605-381-8484 & Tina Sharp 605-858-9722 with NavX Realty. MOTHER-IN-LAW SUITE or INCOME POTENTIAL!! You choose! Welcome to this hidden gem in! This home offers lots of inside space, lots of outside space, lots of parking, AND an second unit which could be used as a separate address, a mother-in-law suite, or rental

  Arnie Sharp NavX Realty

  6405 Sunset Dr, Black Hawk, SD 57718
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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
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  /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
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  /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

  $1,000,000

  • 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 Keller Williams Realty Black Hills SP

  12634. A-D Robins Roost Rd, Hill City, SD 57745
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  /23

  $550,000

  • 8 Beds
  • 4 Baths
  • 3,656 Sq Ft

  4809 S Tennis Ln, Sioux Falls, SD 57106

  4809 S Tennis Ln presents an excellent opportunity to acquire a clean, well-maintained 4-plex in a high-demand south Sioux Falls location. Positioned directly across from a fitness center and just minutes from shopping, dining, and entertainment, this property benefits from a tenant-friendly setting with broad appeal. The unit mix includes one 3-bedroom, two 2-bedroom units, and one 1-bedroom —

  Blake Bohner 605 Real Estate LLC

  4809 S Tennis Ln, Sioux Falls, SD 57106
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  /27

  $205,000

  • 2 Beds
  • 1 Bath
  • 1,063 Sq Ft

  822 Harding St, Belle Fourche, SD 57717

  Cozy Historic Home in Belle Fourche Discover this unique 2 Bedroom 1 bathroom home nestled in the heart of Belle Fourche. 1,063 sq ft, 2 garden sheds, this home sits on two city lots, offering ample outdoor space and potential. Perfect for those seeking a quaint residence with character. Key Features: • 2 BD, 1 BA: Thoughtful layout with comfortable living spaces. • Historic Charm • Covered

  Ashley Kurtenbach Whitetail Properties Real Estate, LLC

  822 Harding St, Belle Fourche, SD 57717
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  /20

  $349,900

  • 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
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  /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
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  /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
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  /13

  $4,800,000

  • Studio
  • 54,636 Sq Ft

  901909 N Cleveland Ave, Sioux Falls, SD 57103

  North Cleveland Apartments is a 48-unit multifamily opportunity located in a desirable Northeast Sioux Falls neighborhood, at 901 and 909 N Cleveland Ave. Built in 1993, the property includes two well-constructed buildings situated on two separately parceled 1.38-acre lots. The asset features approximately 48,000 square feet of rentable space across a mix of one-, two-, and three-bedroom

  Brad Stearns 605 Real Estate LLC

  901909 N Cleveland Ave, Sioux Falls, SD 57103
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  /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
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  /13

  $5,600,000

  • Studio
  • 54,432 Sq Ft

  4300 E 18th St, Sioux Falls, SD 57103

  Parkside Apartments is a 54-unit multifamily opportunity located in a solid East Sioux Falls neighborhood, directly across from Frank Olson Park. Built in 1989, the property includes three identical 18-unit buildings situated on a well-positioned 2.92-acre lot. The asset features approximately 54,432 square feet of rentable space across a mix of one-, two-, and three-bedroom units—designed to

  Brad Stearns 605 Real Estate LLC

  4300 E 18th St, Sioux Falls, SD 57103
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  /3

  $269,900

  715 S Kline St, Aberdeen, SD 57401

  Don't miss out on this great opportunity on a well maintained 3-unit property near NSU. Features a large 4-bedroom unit and 2 2-bedroom units. This property also has a large 2-stall garage and new shingles.

  Jon Webb FIRST PREMIER REALTY, LLC

  715 S Kline St, Aberdeen, SD 57401
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  /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
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  /35

  $1,900,000

  • 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
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  /40

  $219,000

  • 5 Beds

  109 St Anne St, Rapid City, SD 57701

  Excellent income producing property! Side by side duplex currently rented at great rates. Both units have their own laundry hook ups. Excellent location close to schools and downtown. Plenty of off street parking. Keep both units rented or live in one side and rent the other out to help pay your mortgage! Call today for a private showing!

  STEPHANIE HOLDINGHAUSEN SELLING 605 REALTY LLC

  109 St Anne St, Rapid City, SD 57701
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  /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
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  /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
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  /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
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  /38

  $270,000

  • 4 Beds

  427 E St Patrick St, Rapid City, SD 57701

  What a beautiful duplex and a great investment opportunity! This side by side duplex was completely renovated to a high standard in 2019 with appropriate mechanical, electrical and plumbing permits. All new Pella windows. All new interior and exterior doors. Kitchen layout redesigned to accommodate adding back doors. Back decks added to each unit. Overhead lighting added to each room. All new

  Irina Lewis COLDWELL BANKER BLACK HILLS LEGACY

  427 E St Patrick St, Rapid City, SD 57701
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  /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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  /24

  $234,900

  • 4 Beds
  • 2 Baths
  • 1,456 Sq Ft

  1426 E 17th St, Sioux Falls, SD 57104

  Here is an opportunity you will not want to pass up. House hack to live in newly renovated unit and rent out the other, or maybe a vacation rental, or just extraordinary income production. This excellent up and down duplex has been well maintained. Main unit has new stainless appliances, new floor covering and two coats of fresh paint. Very appealing location near thriving downtown, Cherry Rock

  Dave Holmoe Savings Real Estate & Apprsl

  1426 E 17th St, Sioux Falls, SD 57104
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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
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  /39

  $475,000

  • 7 Beds
  • 4 Baths
  • 3,422 Sq Ft

  615 W Bennett St, Sioux Falls, SD 57104

  Attention Investors!!! 3 Two Bedroom One Bath apartments and 1 large One Bedroom One Bath apartment. There are 4 garages that go with the building. Newer parking pad, washer/dryer, and brand new roof and gutters! Three of the units were completely remodeled in 2022. Schedule your showing of this multifamily property on the north end of town and see the potential returns you could get! Occupied

  Andrew Adam Adam Realty LLC

  615 W Bennett St, Sioux Falls, SD 57104
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  /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
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  /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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  /17

  $724,000

  • 10 Beds

  1111 Silver St, Rapid City, SD 57701

  Looking for an investment opportunity. This 4-unit complex with washer and dryer unit in each unit washer and dryers stay with the complex, and updated flooring is waiting for you. The parking area was recently sealed. All units have a wall AC unit. Each unit has it own water heater and heated by electric radiant heat. Two 2 bedroom units and two 3 bedroom units.

  KIEF HANSEN THE REAL ESTATE GROUP, INC.

  1111 Silver St, Rapid City, SD 57701
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  /29

  $349,900

  • Studio
  • 2,818 Sq Ft

  925 W 12th St, Sioux Falls, SD 57104

  Don't miss this investment opportunity! This two story five plex is conveniently located near colleges, hospitals, and downtown Sioux Falls. Additional income could be generated by installing coin operated laundry. Tenants pay electricity. Owner currently pays gas, trash, lawn care, snow removal, water & sewer cost. RUBS program could be installed to bill back tenants for trash, water and sewer,

  Jackson Dorhout Alpine Commerical

  925 W 12th St, Sioux Falls, SD 57104
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  /21

  $675,000

  • Studio

  314 N 5th St, Spearfish, SD 57783

  For more information, please contact listing agents Heath Gran 605-209-2052 or Scot Munro 605-641-6482 with Great Peaks Realty. Incredible rental investment opportunity with this 5-plex in downtown Spearfish, operating at 100% occupancy rate! 4 of the 5 apartment units have been remodeled to include new appliances and fixtures, flooring, cabinets, vanities and countertops, sinks and toilets. All

  Heath Gran Great Peaks Realty

  314 N 5th St, Spearfish, SD 57783
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  /93

  $9,999,000

  • 82,368 Sq Ft

  2021-2231 N Kimball St, Mitchell, SD 57301

  Northview Estates is a well-maintained and upscale 72-unit multi-family apartment complex located on the north side of Mitchell, SD. Each unit has 2 bdrms; 54 units 2 bthrms & 18 units have 1 bthrm, plus 84 garages. The construction of the property utilized top-quality materials (gyp-crete floors, double-stud walls, etc.). Property is in excellent condition with great operating history.

  Brian Eliason Janklow Eliason Real Estate

  2021-2231 N Kimball St, Mitchell, SD 57301
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  /17

  $499,000

  • Studio

  620 West Blvd, Rapid City, SD 57701

  Charming Historic Multifamily Home with Garage! Located in the West Boulevard Historic District, a beautifully maintained multifamily home offering great investment potential or an ideal owner-occupied setup. The main floor unit features hardwood floors, and abundant natural light, while the lower-level unit has a private entrance, ample storage, and a smart layout for rental income or extended

  Shannon Brinker TRUE NORTH ASSET GROUP

  620 West Blvd, Rapid City, SD 57701
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  /13

  $225,000

  • 5 Beds

  920 Haines Ave, Rapid City, SD 57701

  This triplex presents a fantastic investment opportunity with strong income potential. Each unit has a separate electric meter, while water and natural gas are shared, with tenants reimbursing the owner for water, sewer, and trash costs as follows: Main Floor 50%, Lower Level 25%, Upper Level 25%. Main Floor Unit: 2 bedrooms, 1 bathroom, a living room, family room, and kitchen. Currently

  RYAN MICHAEL HALL PREMIER PROPERTIES, LLC

  920 Haines Ave, Rapid City, SD 57701
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  /35

  $394,000

  • Studio

  406 & 410 Jennings Ave, Hot Springs, SD 57747

  Prime Investment Opportunity or Multi-Generational Living in Hot Springs! Unlock the potential of this spacious duplex at 406 & 410 Jennings Avenue—perfect for investors or homeowners looking to offset their mortgage by renting out one unit! Conveniently located just a short walk to downtown Hot Springs, where you’ll find great dining, shopping, and entertainment. Both units feature beautiful

  Christine Heidebrink Mt. Rushmore Properties

  406 & 410 Jennings Ave, Hot Springs, SD 57747
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  /36

  $278,000

  112 S Arch St, Aberdeen, SD 57401

  This updated 6 unit apartment is ready for tenants! With new flooring, paint and appliances it has great income potential! Tenants pay utilities which equals better return on investment. 1 - 2 Bed, 1 Bath, Full kitchen 1 - 1 Bath efficiency (no kitchen) 1 - 1 Bath, efficiency, Full kitchen 3 - 1 Bed,1 Bath, Full Kitchen

  Erica Schaeffer FIRST PREMIER REALTY, LLC

  112 S Arch St, Aberdeen, SD 57401
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  /40

  $1,200,000

  • 8 Beds

  3616 & 3626 Serendipity Ln, Rapid City, SD 57702

  Great investment opportunity! Well maintained 8 plex (2 - 4 plex units) located in the beautiful Chapel Valley area. Each unit is 2 bedrooms, 1 bathroom, approx. 854 sq and some units have a small deck or patio space. All units are baseboard heating and some have wall mounted a/c units. Many updates include new windows in 2017 and 2018, UL4 asphalt shingle roof in 2021 and some new dishwashers

  Ariel Rudland WEST RIVER REALTY, LLC

  3616 & 3626 Serendipity Ln, Rapid City, SD 57702

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