South Dakota Multifamily Homes & Duplexes for Sale

• 

  

  

  /19

  $289,000

  • Studio

  621 Other Unit East Boulevard N, Rapid City, SD 57701

  This fully occupied triplex is a fantastic addition to any portfolio! With varying unit sizes (1BR, 2BR, 3BR), remodeled interiors, and recent appraisal, this property is set up for strong rental income. Each unit features in-unit laundry, and tenants enjoy a large backyard with a chain-link fence and plenty of off-street parking. The 1,044 sq. ft. garage is currently rented, providing

  Jeffery Christians Real Broker Spearfish

  621 Other Unit East Boulevard N, Rapid City, SD 57701
• 

  

  

  /9

  $2,700,000

  • 36 Beds
  • 12 Baths
  • 13,872 Sq Ft

  1542 Bogue Ave, Watertown, SD 57201

  Excellent investment opportunity available! A twelve-unit apartment complex situated conveniently within walking distance of LATC. Each unit offers 3 bedrooms, 1 bathroom, vinyl plank flooring, essential appliances including a washer, dryer, dishwasher, stove, fridge, and microwave. The building boasts off-street parking, secured access, and on-site mailboxes for added convenience. The owner is a

  DANYEL KLOOS MAINSTREAM REALTY

  1542 Bogue Ave, Watertown, SD 57201
• 

  

  

  /20

  $239,900

  • Studio

  710 Haines Ave, Rapid City, SD 57701

  Well-maintained tri-plex close to downtown Rapid City, new roof and siding in 2020, new electrical meters to all three units and individual gas meters to all units, lots of off-street parking for the tenants, rents are under market and should be adjusted and a water fee should be applied landlord replaced some windows and decking in 2023 so maintenance expenses were higher than usual, Lots of

  John Roberts The Real Estate Group Rapid City

  710 Haines Ave, Rapid City, SD 57701
• 

  

  

  /6

  $374,000

  • 15 Beds
  • 6 Baths
  • 5,275 Sq Ft

  1203 E Cherry St, Vermillion, SD 57069

  2 adjacent houses , all with commercial zoning. 144 frontage and 180 depth. Excellent traffic count and visibility, close to USD campus. Across fom new bank and surrounded by lots of newer construction. Prime location that pays for itself till you are ready to develop. Excellent investment opportunity. 1203 and 1209 are recently remodeled. 1203 and 1209 tenants pay all utilities. can buy 1203

  Barbara Iacino Dakota Realty

  1203 E Cherry St, Vermillion, SD 57069
• 

  

  

  /17

  $1,490,000

  10 9th Ave SW, Aberdeen, SD 57401

  INVESTMENT Opportunity! 22 apt units Plus a Garage / Shop. Owner pays Water/Sewer/Garbage. Tenants pay their own Heat and Electric! The Apartment Units have been updated and the property has been well cared for!

  Melanie Bobby Jency Realty Company

  10 9th Ave SW, Aberdeen, SD 57401
• 

  

  /3

  $2,400,000

  19 7th Ave SE, Aberdeen, SD 57401

  Investors! This Apt building is one of my personal favorites in Aberdeen. Plenty of Parking, Great Location! 39 Unit Apartment Building with an elevator, Electrical was updated to meter heat to each unit. Roof in excellent condition and was completely redone in 2013. Tenants pay all utilities accept water sewer garbage.

  Melanie Bobby Jency Realty Company

  19 7th Ave SE, Aberdeen, SD 57401
• 

  

  /35

  $550,000

  • Studio

  5789 Corbin Dr Unit & 5823 Corbin Drive, Rapid City, SD 57703

  Looking for a unique opportunity to have an income-generating property? Welcome to Corbin Drive! This property features 3 homes with 4 rentable units all on 1.72 acres and 2 separate lots. There are multiple opportunities with this sale: live in one unit and rent the others, rent all 4 units or buy and sell off 3 units. Current leases need 60 days notice to vacate. The house features 2 units with

  CIERRA VANDERPOL Black Hills SD Realty

  5789 Corbin Dr Unit & 5823 Corbin Drive, Rapid City, SD 57703
• 

  

  /3

  $2,539,000

  • 36 Beds
  • 12 Baths
  • 15,280 Sq Ft

  908 Arrow Ave NE, Watertown, SD 57201

  12 unit apartment complex. All units have central air, washer/dryer, stove, fridge, & microwave furnished. All units are fully rented for June 2025-2026 at a rate of $1,350 monthly.*Owner is licensed real estate agent

  Mike Lawrence ACCESS REAL ESTATE

  908 Arrow Ave NE, Watertown, SD 57201
• 

  

  /9

  $189,900

  • 3,828 Sq Ft

  916 Pine St, Yankton, SD 57078

  Calling all investors!! This 4-plex is located in the heart of Yankton. There are two 3-bedroom units and a 2 bedroom unit occupied by very long term tenants. The basement unit is a 3 bedroom as well but does not have egress windows by todays standards, it is vacant and ready to remodel! Updated electrical. New shingles on garage and building in 2017, new concrete in 2014. There is some work to

  Erica Knox Lewis and Clark Realty Inc - Broadway

  916 Pine St, Yankton, SD 57078
• 

  

  /7

  $2,500,000

  • 3 Beds
  • 2 Baths
  • 52,044 Sq Ft

  210 W Center St, Madison, SD 57042

  The Heritage High Apartment complex is a newly renovated apartment building located just blocks away from restaurants, shopping centers, and other local amenities. The unit mix is composed of six one-bedroom apartments, and twenty-five two bedroom apartments. The historical building has had major capital improvements on top of being completely renovated in 2020. Other improvements over the years

  Nic Madsen Gateway Real Estate Advisors

  210 W Center St, Madison, SD 57042
• 

  

  /29

  $750,000

  • 3,072 Sq Ft

  1515 E Capitol Ave, Pierre, SD 57501

  Now is your chance to own your own investment properties! These two apartment buildings are being sold as a package deal. Apartment 1515 has 3 units, and apartment 1511 has 2 (soon to be 3) units. They are located on the corner of Capitol and Harrison Avenue. Give your favorite realtor a call today to check them out.

  Morgan Finley Lee Real Estate

  1515 E Capitol Ave, Pierre, SD 57501
• 

  /2

  $579,000

  • 4 Beds

  303 Northern Lights Blvd E, Box Elder, SD 57719

  Welcome to 303 and 305 Northern Lights Blvd E! New duplex under construction with high quality materials at an affordable price. Excellent opportunity in the heart of the growing city of Box Elder, SD. All utilities separately metered. Built with thoughtful, functional design and long-term durability in mind. With stainless kitchen appliances included, natural gas furnaces, central air, granite

  Kelly Howie RE/MAX ADVANTAGE

  303 Northern Lights Blvd E, Box Elder, SD 57719
• 

  

  /67

  $2,400,000

  • 32 Beds
  • 19,200 Sq Ft

  3500 W Hughes Place, Sioux Falls, SD 57108

  Discover this investment opportunity in Sioux Falls, SD. This assembled portfolio of twin homes, built in 2004 and owned by one owner, boasts a history of strong occupancy. The portfolio includes the following addresses: 3500 W. Hughes Place, 3502 W. Hughes Place, 3512 W. Hughes Place, 3514 W. Hughes Place, 3516 W. Hughes Place, 3518 W. Hughes Place, 3600 W. Hughes Place, and 3602 W. Hughes

  Jeff Brooks Brooks Commercial Real Estate

  3500 W Hughes Place, Sioux Falls, SD 57108
• 

  

  /22

  $1,850,000

  • Studio

  3313 Leland Ln, Rapid City, SD 57702

  Excellent location in South West Rapid City. Close to parks and ball fields, There is assigned parking and video coverage of parking. Owners provides boiler heat and pays for water and sewer. Tenant pays for electrical.. Spacious studio apartments with fold down beds, full kitchens

  Frederick Holpp COLDWELL BANKER BLACK HILLS LEGACY

  3313 Leland Ln, Rapid City, SD 57702
• 

  

  /15

  $1,850,000

  • Studio

  1920 Monte Vista Dr, Rapid City, SD 57702

  Each unit has washer and dryer hook ups. About 1/2 tenant owns and the other 1/2 owner own. Tenant maintain all units and can replace with their own if desired. Excellent SW location near to public school. Exceptional Investment potential. 2/8 plexes for a total of 16 units, all 2 bed/2 bath. Every unit has Microwave, dishwasher, sroves, and refrigerators. Each unit has its own a patio or deck

  Frederick Holpp COLDWELL BANKER BLACK HILLS LEGACY

  1920 Monte Vista Dr, Rapid City, SD 57702
• 

  

  /12

  $255,000

  • 4 Beds
  • 3 Baths
  • 1,509 Sq Ft

  1014 E 9th St, Winner, SD 57580

  Note from Broker: This nice ranch-style home sets on a nice corner lot. The owners have just installed a new propane force air furnace, and also a new central AC unit. Also, all of the interior walls have been freshly repainted and the underground lawn irrigation system is working. There is a concrete patio area that's 22' x 30' that can be easily accessed from the house or the attached garage.

  Dan Clark Dan Clark Auction & Realty

  1014 E 9th St, Winner, SD 57580
• 

  

  /11

  $275,000

  • 4 Beds

  1918 Ivy Ave, Rapid City, SD 57701

  Come and See!...This duplex is a side by side duplex, sharing a front enclosed entryway. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. The living room and kitchen area are on the main

  LORI PAULSEN SAUSER BEST IN THE WEST REALTY

  1918 Ivy Ave, Rapid City, SD 57701
• 

  

  /17

  $275,000

  • 4 Beds

  1914 Ivy Ave, Rapid City, SD 57701

  Come and See!...This duplex is a side by side duplex, sharing a front enclosed entryway. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. The living room and kitchen area are on the main

  LORI PAULSEN SAUSER BEST IN THE WEST REALTY

  1914 Ivy Ave, Rapid City, SD 57701
• 

  

  /17

  $275,000

  • 4 Beds

  1922 Ivy Ave, Rapid City, SD 57701

  Come and See!...This duplex is a side by side duplex, sharing a front enclosed entryway. This would be a wonderful way to start home ownership with a rental providing income. Also a great opportunity for a single family home (with some modifications) or with the mother-in-law suite already set up. Maybe you are looking for an investment property. The living room and kitchen area are on the main

  LORI PAULSEN SAUSER BEST IN THE WEST REALTY

  1922 Ivy Ave, Rapid City, SD 57701
• 

  

  /20

  $3,799,000

  • Studio

  1931 Russell 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. The Russell Street Duplexes located in the Commons at the Reserve in Spearfish are your modern-day fully appliance furnished apartment style, upstairs & downstairs units serve as a fantastic investment opportunity! Each duplex has 836 sq ft providing adequate living

  Heath Gran Great Peaks Realty

  1931 Russell St, Spearfish, SD 57783
• 

  

  /32

  $550,000

  • 3 Beds
  • 2 Baths
  • 3,356 Sq Ft

  30437 Us Highway 18, Winner, SD 57580

  Contract pending with 48 FROR. Located 11 miles west of Winner, SD Hard to find acreage with beautiful views Brick exterior on the house Additional Cabin with loft and bathroom used for Airbnb Windows, shingles, and downspouts replaced 4 years ago

  Mark Schweigert Tall Tines Trophy Properties

  30437 Us Highway 18, Winner, SD 57580
• 

  

  /40

  $4,380,000

  • 6 Beds

  Tbd Thompson Dr Unit 23974 Thompson Drive, Hill City, SD 57745

  An Unreal Opportunity to Own Two Beautiful Custom Properties in the Black Hills Situated on 14.93 acres within the Hill City limits, these properties give you the feel of being deep in the Black Hills while maintaining convenient access to town. This is an exceptional opportunity to live in one home and use the other as an income-generating property. 23968 Thompson Drive offers stunning windows

  Bobbi BENTZ Engel & Völkers

  Tbd Thompson Dr Unit 23974 Thompson Drive, Hill City, SD 57745
• 

  

  /31

  $349,500

  • Studio

  2334 S Davenport St, Sturgis, SD 57785

  Prime Investment Opportunity! This 2,070 sq. ft. duplex offers two 2 BR/1 BA units just 1 mile from Main Street in Sturgis. Both units feature newly painted interiors, hardwood floors, complete with washers and dryers. Numerous other updates make this property is move-in ready. Situated on a .16-acre lot with two backyard sheds, it’s ideal for long- or short-term rentals. Its unbeatable location,

  Jeffery Christians Real Broker Spearfish

  2334 S Davenport St, Sturgis, SD 57785
• 

  

  /29

  $199,000

  606 Main St, Cresbard, SD 57435

  Check out this fully leased 4-plex. Each apartment has 2 beds & 1 bath with a common area for the washer and dryer that is shared between tenants. Tenants may be willing to sign long term leases which will help with finance or guaranteed return on investment.

  Eric Vetter Century 21 Investment Realtors

  606 Main St, Cresbard, SD 57435
• 

  

  /33

  $625,000

  • 3 Beds

  505 N River St, Hot Springs, SD 57747

  INVESTMENT OPPORTUNITY. With this acquisition, you will be able to step into an existing income producing property located in the downtown Historic District of Hot Springs. Built in 1910 and originally known as the Medical Block Building, the building offers 6320 sf of commercial space with 3 retail/office store front suites on the main level and an upper level with 3 vacation rental apartments.

  Cathy Mosset HEARTLAND REAL ESTATE

  505 N River St, Hot Springs, SD 57747
• 

  

  /50

  $399,000

  • 12 Beds
  • 8 Baths
  • 5,177 Sq Ft

  25 Prospect St Unit 1-7, 23, Vermillion, SD 57069

  Perfectly located one block from Historic Downtown Vermillion. 8 units, fully rented until May 31, 2026. $5350 gross rent per month. Owner pays utilities. Coin-op laundry. Workshop and storage area in the basement. Listing agent is related to the seller.

  Jessi Wilharm Maloney Real Estate

  25 Prospect St Unit 1-7, 23, Vermillion, SD 57069
• 

  

  /29

  $1,800,000

  • Studio

  230 N Main St, Spearfish, SD 57783

  This 31-unit apartment complex is located on Main Street in the heart of Spearfish, SD. The property includes 4 separate buildings that are situated on 4 city lots with a total land area of .64 acres and 8,685 square feet of finished space. Current rental rates range from $625-$850/month with a gross monthly rental income potential of $22,375 ($268,500 annual) at 100% capacity. The owner pays for

  Kade Welfl THE REAL ESTATE CENTER OF SPEARFISH

  230 N Main St, Spearfish, SD 57783
• 

  

  /19

  $379,900

  • 5 Beds
  • 2 Baths
  • 2,280 Sq Ft

  3609 & 3611 E 18th St, Sioux Falls, SD 57103

  Nice side by side ranch duplex in Hilltop Area. Great income producing property! Both units newly remodeled and newer windows, bathroom & kitchen. Unit one has 2 bed 1 bath with finished basement with an additional non legal bedroom and potential to add a 2nd bath. Unit two has 2 bed 1 bath with potential for finished basement.

  Zack Winter Keller Williams Realty Sioux Falls

  3609 & 3611 E 18th St, Sioux Falls, SD 57103
• 

  /2

  $435,000

  • 7 Beds
  • 4 Baths
  • 3,888 Sq Ft

  5212 W 47th St, Sioux Falls, SD 57106

  Discover an exceptional investment in these side-by-side 4-plexes boasting a stellar rental history and strong cash flow potential. Each building features three spacious 2-bedroom, 1-bath units and one efficient 1-bedroom, 1-bath unit, with room for rent increases. Enjoy great layouts, wall AC, boiler heat, individually metered electric, and common area coin-op laundry. Utilities including

  Ryan Olson 605 Real Estate LLC

  5212 W 47th St, Sioux Falls, SD 57106
• 

  /2

  $265,000

  • 4 Beds
  • 2 Baths
  • 1,134 Sq Ft

  300 8th St NE, Watertown, SD 57201

  Income Property Alert!Don't miss this fully leased duplex featuring two spacious 2-bedroom units, ideally located near Lake Area Technical College, public schools, and a beautiful park. Recent updates include updated siding and newer windows for low-maintenance ownership. Tenants enjoy convenient paved parking in front along with an attached garage—no more parking hassles! Both units are

  Mike Lawrence ACCESS REAL ESTATE

  300 8th St NE, Watertown, SD 57201
• 

  /2

  $299,900

  • 5 Beds
  • 2 Baths
  • 1,344 Sq Ft

  500 7th St NE, Watertown, SD 57201

  Investment Opportunity!Check out this well-maintained duplex featuring a 3-bedroom unit upstairs and a 2-bedroom unit downstairs—each with its own 2-stall garage. Conveniently located near Lake Area Technical College and local public schools, this property offers strong rental potential. Recent updates include durable steel siding and newer windows. Current rental income is $1,350 for the

  Mike Lawrence ACCESS REAL ESTATE

  500 7th St NE, Watertown, SD 57201
• 

  /2

  $214,500

  424 1st Ave SE, Aberdeen, SD 57401

  CASH FLOWING Modern Duplex on Corner Lot - Fully Renovated!Welcome to this beautifully updated duplex situated on a desirable corner lot. This property features two fully renovated units, each meticulously upgraded just prior to purchase. With tenants who have enjoyed living here for about two years, this is a fantastic investment opportunity. Don't miss out on this gem!

  Anne Johnson Johnson & Johnson Real Estate

  424 1st Ave SE, Aberdeen, SD 57401
• 

  /2

  $265,900

  220 5th Ave SW, Aberdeen, SD 57401

  Investment Opportunity: Income-Generating 5-Plex!Discover this promising 5-plex that offers substantial income potential! Currently, two units are rented, while two others are ready to be leased. Additionally, there is untapped potential for a third bedroom in one unit, just waiting for your renovation plans. This property provides both immediate cash flow and room to grow. Don't miss out on this

  Anne Johnson Johnson & Johnson Real Estate

  220 5th Ave SW, Aberdeen, SD 57401
• 

  /2

  $750,000

  • Studio
  • 10,800 Sq Ft

  121 W Kidder St, Vermillion, SD 57069

  Great investment opportunity on commercial building in downtown Vermillion. 2 long term tenants rent this property. Seller is installing new flooring in USDA portion of the building in May. Roof was replaced in 2022. Listing agent has leases. Income and expense reports attached. Owner pays for utilities, cleaning ($400 monthly) snow, garbage, rugs. USDA lease expires 5-31-2028 and CCA lease

  Kris O'Connor Dakota Realty

  121 W Kidder St, Vermillion, SD 57069
• 

  /2

  $244,900

  1407 8th Ave NE, Aberdeen, SD 57401

  Great 4 Unit multifamily property with new siding and new steel roof. Don't miss out on this opportunity.

  Jon Webb FIRST PREMIER REALTY, LLC

  1407 8th Ave NE, Aberdeen, SD 57401
• 

  

  /18

  $395,000

  • 5 Beds
  • 2.5 Baths
  • 1,680 Sq Ft

  206 Dakota St, Tulare, SD 57476

  Laurie Stahl Redfield Realty

  206 Dakota St, Tulare, SD 57476
• 

  

  /13

  $355,000

  • 3 Beds
  • 2.5 Baths
  • 2,500 Sq Ft

  603 W 7th St, Dell Rapids, SD 57022

  Jared Sutton Sutton Auctioneers & Land Brokers, LLC

  603 W 7th St, Dell Rapids, SD 57022
• 

  

  /48

  $36,750,000 New Construction

  • Studio

  4815 5th St Unit 4801-4829 5th (165 u, 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 SD Realty

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

  

  /8

  $167,300

  • 2 Beds
  • 1 Bath
  • 988 Sq Ft

  10 S Iowa Ave, Platte, SD 57369

  This 2-bed/1-bath ranch style home, with additional bathroom located in the basement, plus a double car attached garage on a lot that measures 100' x 140', is located in Platte, SD and will be sold AT AUCTION ON TUESDAY, AUGUST 26, 2025. Listing agent is available to show the property at any time, including day of the auction. This listing is an auction and the value price listed does not reflect

  Donna Travis Travis Real Estate

  10 S Iowa Ave, Platte, SD 57369
• 

  

  /33

  $189,470

  • 3 Beds
  • 1 Bath
  • 1,152 Sq Ft

  409 E North St, Platte, SD 57369

  This 3-bed/1-bath ranch style home with single car attached garage is located in Platte, SD and will be sold AT AUCTION ON AUGUST 7, 2025. Listing agent is available to show the property at any time, including day of the auction. This listing is an auction and the value price listed does not reflect the selling price in the marketing description. The dollar amount listed is the value as

  Donna Travis Travis Real Estate

  409 E North St, Platte, SD 57369

Showing Results 121 - 160, Page 4 of 5