South Dakota Multifamily Homes & Duplexes for Sale

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  $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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  /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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  /29

  $345,000

  • 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

  $659,000

  • 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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  /17

  $450,000

  • 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

  Listed by Ryan M. Hall | Premier Properties LLC | 605-209-5215. 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

  RYAN MICHAEL HALL PREMIER PROPERTIES, LLC

  920 Haines Ave, Rapid City, SD 57701
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  /46

  $389,000

  • 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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  /20

  $229,900

  • 5 Beds

  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, INC.

  710 Haines Ave, Rapid City, SD 57701
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  /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
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  /48

  $74,900

  • Studio
  • 4,536 Sq Ft

  250 Church St N, Canova, SD 57321

  Unfortunately the buyer's home did not sell so this historic 1922 Canova Hospital is back on the market! Bring your dreams and your contractors! A building with much potential that needs lots of TLC. A new roof was added and new underground electrical was brought to the building in 2023. The building has 9 numbered bedrooms on the upper floor and multiple multi-purpose rooms on the first

  Mary Leary Dakota Homes Realty, LLC

  250 Church St N, Canova, SD 57321
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /33

  $579,000

  • 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
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  /50

  $375,000

  • 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
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  /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
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  /2

  $349,000

  617 S Wells St, Aberdeen, SD 57401

  Spacious Triplex for SaleDiscover this well-maintained triplex featuring a strong layout and updated mechanical systems. Two of the three units have undergone recent upgrades, adding modern touches. This property presents a fantastic opportunity for stable cash flow. Don't miss out on this investment gem!

  Anne Johnson Johnson & Johnson Real Estate

  617 S Wells St, Aberdeen, SD 57401
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  /2

  $214,500

  424 1st Ave SE, Aberdeen, SD 57401

  Seller to give $5,000 cash back to go towards updates at closing with an acceptable offer! 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

  Anne Johnson Johnson & Johnson Real Estate

  424 1st Ave SE, Aberdeen, SD 57401
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  /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
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  /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
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  /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
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  /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
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  /37

  Call for Price

  • Studio

  1 Charles St, Deadwood, SD 57732

  Presented by Sarah Peterka-Keller Williams Realty-Black Hills. 605-661-2802. This Online Only Real Estate Auction provided by McPhersonAuction. Built in 1890, this duplex carries historic charm and sits within Commercial zoning. Its most recent use was a duplex with separate entries for each unit and separate electric meters. The lower unit has 2 bedrooms, 1 bathroom, 2 living areas, full kitchen

  SARAH PETERKA Keller Williams Realty Black Hills SP

  1 Charles St, Deadwood, SD 57732
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  /12

  $171 Open Sun 1PM - 3PM

  • 2 Beds
  • 1 Bath
  • 816 Sq Ft

  16 S Illinois Ave, Platte, SD 57369

  PLEASE NOTE THAT THIS LISTING IS AN AUCTION AND THE PRICED LISTED DOES NOT REFLECT THE SELLING PRICE IN THE MARKETING DESCRIPTION. IT WILL BE SOLD "AS IS-WHERE IS" TO THE HIGHEST BIDDER VIA ON-LINE AUCTION. THE AUCTION DATE IS THURSDAY, OCTOBER 2, 2025. BIDDERS MAY START BIDDING ON-LINE ON OCTOBER 2, 2025 @ APPROXIMATELY 10:00 A.M. CDT AND BIDDING WILL BEGIN TO CLOSE OUT @ 6:00 P.M.

  Donna Travis Travis Real Estate

  16 S Illinois Ave, Platte, SD 57369
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  /32

  $118,636

  • 2 Beds
  • 1 Bath
  • 1,104 Sq Ft

  806 S Delaware Ave, Platte, SD 57369

  PLEASE NOTE THAT THIS LISTING IS AN ON-LINE AUCTION AND THE PRICED LISTED DOES NOT REFLECT THE SELLING PRICE IN THE MARKETING DESCRIPTION. IT WILL BE SOLD "AS-IS, WHERE IS" TO THE HIGHEST BIDDER VIA ON-LINE AUCTION. THE AUCTION DATE IS MONDAY, SEPTEMBER 22, 2025. BIDDERS MAY START BIDDING ON-LINE THE MORNING OF SEPTEMBER 22, 2025. BIDDING WILL BEGIN TO CLOSE OUT AT 6:00 P.M.

  Donna Travis Travis Real Estate

  806 S Delaware Ave, Platte, SD 57369

Showing Results 121 - 155, Page 4 of 4