Multi Family Investment Properties for Sale in Watertown, SD
$ 215,000
ROI
23.2
Cash Flow/m
209- 2 Bed
- 2 Bath
- 878 sft
408 8th St NW, Watertown, SD, 57201
$ 329,900
ROI
27.1Cash Flow/m
675- 3 Bed
- 2 Bath
- 1520 sft
324 19th Ave NW, Watertown, SD, 57201
$ 198,000
ROI
20.3Cash Flow/m
32- 2 Bed
- 1 Bath
- 960 sft
1300 4th Ave NW, Watertown, SD, 57201
$ 374,900
ROI
20.0Cash Flow/m
27- 3 Bed
- 2 Bath
- 1756 sft
822 16th Ave NE, Watertown, SD, 57201
Why Invest in Watertown, South Dakota?
Watertown, SD offers strong potential for multi-family investments with steady rental demand from a growing workforce. Average rents around $900 support solid cash flows, while cap rates near 7% attract value-add opportunities. Annual appreciation of 4% and 35% renter occupancy make it resilient for long-term holds. Low vacancy and economic stability from manufacturing bolster reliable returns.
9.5%
Avg. ROI
7.2%
Rental Yield
7.1%
Cap Rate
$850/mo
Avg. Cash Flow
$900/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Steady job growth in manufacturing drives rental demand, with 35% renter occupancy and 7% cap rates. Affordable entry prices around $300k offer good cash flow potential. Appreciation at 4% supports equity building over time.
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