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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Watertown, SD
Listed for sale 7 days ago
$ 185,000
ROI
28.6
Cash Flow/m
457- 6 Bed
- 3 Bath
- 2870 sft
11 4th Ave NE, Watertown, SD, 57201
Currently Rented
Fix & Flip
Rental Income
+ 1 more
$ 199,000
ROI
30.2Cash Flow/m
577- 4 Bed
- 2 Bath
- 3114 sft
110-112 3rd Ave NE, Watertown, SD, 57201
$ 225,900
ROI
21.5Cash Flow/m
107- 4 Bed
- 3 Bath
- 2317 sft
1116 N Riverview Ct, Watertown, SD, 57201
$ 239,900
ROI
24.5Cash Flow/m
318- 4 Bed
- 2 Bath
- 2116 sft
113 18th St SE, 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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