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Investment Highlights

  • Properties are located within 4 miles of each other. Available individually or as a portfolio.
  • 12 market rate units and 10 senior/HAP units
  • Old West Apartments can be acquired in conjunction with Harrison Apartments, a 23-unit property located in Pierre for a total of 45 units

Executive Summary

CBRE is pleased to present the opportunity to acquire Old West Apartments, consisting of a 12-unit market-rate property located at 311 N Deadwood Street and a 10-unit senior/HAP property located at 213 N Deadwood Street in Fort Pierre, South Dakota. The properties are located within one half block of one another and may be purchased individually or as a portfolio.
Old West Apartments can also be acquired as part of a 45-unit portfolio, which includes Harrison Apartments in nearby Pierre, South Dakota.
Please click here for more information: https://www.cbredealflow.com/buyer/agreement?pv=4P0M1rUFEVQcvMXkg9W02PElRptVMVrhar9JRS8-4luHXt2j9MK33E7oHMVYNXUl
Address: 213 & 311 N Deadwood St, Fort Pierre, SD 57532
List Price: $750,000 ($34,091/unit)
Cap Rate: 8.84%
Year Built: 1982
Number of Units: 22
Unit Mix: 10-1BR/1BA; 10-2BR/1BA; 2-3BR/1BA
Total Rentable SF: 14,708
Average Unit Size: 669 SF
Avg. In Place Rent: $844
Avg. In Place Rent Per SF: $1.26
Number of Buildings: 2
Number of Stories: 1 & 2
Parking: Surface

Property Facts

Price $1,027,282 CAD
Price Per Unit $46,695 CAD
Sale Type Investment
Cap Rate 8.84%
No. Units 22
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.44 AC
Building Size 14,708 SF
Average Occupancy 100%
No. Stories 2
Year Built 1982

Amenities

Unit Amenities

  • Air Conditioning

Site Amenities

  • Laundry Facilities
  • Laundry Service

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 $1,109 CAD 466
2+1 10 $1,153 CAD 800
3+1 2 $1,405 CAD 1,024
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
006673
Land Assessment
$105,631 CAD
Improvements Assessment
$724,519 CAD
Total Assessment
$830,150 CAD
  • Listing ID: 40244854

  • Date on Market: 2026-04-22

  • Last Updated:

  • Address: 213 N Deadwood St, Fort Pierre, SD 57532

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