$155,000
- 1 Bed
- 1 Bath
- 2,280 Sq Ft
315 5th St SE, Watertown, SD 57201
Dorette Clark PLATINUM REALTY, INC.
$155,000
315 5th St SE, Watertown, SD 57201
Dorette Clark PLATINUM REALTY, INC.
$519,900
201 3rd St SE, Watertown, SD 57201
Jim Pieper JP REAL ESTATE
$229,900
721 E Kemp Ave, Watertown, SD 57201
Melody Kerkvliet REAL ESTATE PROFESSIONALS
$194,900
426 1st St NW, Watertown, SD 57201
LORIE SMITH ROBY, REALTORS
$399,900
802 W Kemp Ave, Watertown, SD 57201
Jim Pieper JP REAL ESTATE
$335,000
1327 Cherry Dr, Watertown, SD 57201
Joy Nelson HAUGAN NELSON REALTY, INC
$2,700,000
1542 Bogue Ave, Watertown, SD 57201
DANYEL KLOOS MAINSTREAM REALTY
$2,539,000
908 Arrow Ave NE, Watertown, SD 57201
Mike Lawrence ACCESS REAL ESTATE
$265,000
300 8th St NE, Watertown, SD 57201
Mike Lawrence ACCESS REAL ESTATE
$299,900
500 7th St NE, Watertown, SD 57201
Mike Lawrence ACCESS REAL ESTATE
Watertown, South Dakota, with a population of around 22,000, is known for its picturesque landscapes, including Lake Kampeska and Pelican Lake, which offer year-round recreational activities such as fishing, boating, and ice fishing. The city is home to the Redlin Art Center, showcasing the works of local artist Terry Redlin, and features over 20 public parks, including the expansive Stokes-Thomas Lake City Park & Campground. Watertown's attractions also include the Bramble Park Zoo, the Goss Opera House, and annual events like the Holiday Light Parade and Cookin’ on Kampeska. The city’s downtown area, particularly along Broadway Avenue, is lined with historic buildings, casual dining options, and breweries. Watertown School District is highly rated, and the Lake Area Technical College provides strong educational opportunities. Housing options range from late 1800s cottages to ranch-style and split-level homes from the late 20th century. The city’s crime rates are lower than both national and state averages, contributing to its appeal as a family-friendly community. Watertown is accessible via Interstate 29, which connects to Sioux Falls, and has a regional airport with flights to major hubs.
On average, homes in Watertown, SD sell after 54 days on the market compared to the national average of 70 days. The median sale price for homes in Watertown, SD over the last 12 months is $253,000, down 24% from the median home sale price over the previous 12 months.
In Watertown, there are currently 10 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $155,000 to $2,700,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Watertown is $269,900, while the average sale price is $274,238, offering insights into the local housing market. On average, multi-family homes spend 54 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Watertown, SD.