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Executive Summary

Discover the perfect addition to your investment portfolio with this 8-unit multifamily building in the charming community of Wakonda, South Dakota. The building features seven spacious 2-bedroom units and one cozy 1-bedroom unit, appealing to a variety of tenant needs. With off-street parking and on-site coin-operated laundry, the property offers convenience and practicality for residents. New pitched roof completed in Spring 2026. Operating expenses are well-structured, with the owner covering water, sewer, and common area electrical costs, while tenants are responsible for their own electric, cable, and internet services. This arrangement ensures predictable expenses and maximizes your returns. Financial details are available for pre-qualified buyers, making it easy to evaluate the property’s strong performance. Whether you’re a seasoned investor or just starting to build your portfolio, this multifamily building in Wakonda is a rare find that combines affordability, profitability, and tenant-friendly amenities. Don’t miss this opportunity—schedule your private tour today and explore the potential of this exceptional investment property!

Property Facts

Price $648,247 CAD
Price Per Unit $81,031 CAD
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.64 AC
Building Size 7,040 SF
No. Stories 2
Year Built 1975

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Freezer

Site Amenities

  • 24 Hour Access
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - 726
2+1 4 - 1,001
Somewhat walkable
20/100
Very drivable
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
14000-00700-040-00
Land Assessment
$9,749 CAD
Improvements Assessment
$192,956 CAD
Total Assessment
$202,705 CAD
  • Listing ID: 41721690

  • Date on Market: 2026-08-12

  • Last Updated:

  • Address: 611 1st St, Wakonda, SD 57073

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