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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Watertown, SD
$ 224,000
ROI
29.8
Cash Flow/m
623- 2 Bed
- 2 Bath
- 1445 sft
200 19th St SE APT 203, Watertown, SD, 57201
$ 309,900
ROI
23.7Cash Flow/m
344- 2 Bed
- 2 Bath
- 1557 sft
1930 2nd Ave SE, Watertown, SD, 57201
$ 219,900
ROI
30.1Cash Flow/m
636- 3 Bed
- 2 Bath
- 1553 sft
1925 2nd Ave SE APT 206, Watertown, SD, 57201
$ 339,900
ROI
24.7Cash Flow/m
470- 2 Bed
- 2 Bath
- 1427 sft
724 Stoney Point Trl #306, Watertown, SD, 57201
Why Invest in Watertown, South Dakota?
Condos in Watertown, SD offer investors stable returns in a growing market with low vacancy rates. The local economy supports strong rental demand, with median household incomes projected to rise 6% by 2028. Recent data shows multifamily vacancy at just 1.5%, well below the 5% equilibrium. Appreciation has been consistent, with home values doubling since 2005. Cap rates remain attractive amid sufficient lot supply for development.
7.2%
Avg. ROI
6.8%
Rental Yield
7.1%
Cap Rate
$420/mo
Avg. Cash Flow
$1350/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, condos benefit from low 1.5% vacancy rates and strong rental demand. Median rents around $1,350 for 2BR units support yields above 6%. Appreciation trends remain positive with doubling home values since 2005.
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