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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Townhouse Investment Properties for Sale in Watertown, SD
Listed for sale 6 days ago
$ 339,000
ROI
25.3
Cash Flow/m
526- 4 Bed
- 3 Bath
- 2684 sft
1106 18th St NE, Watertown, SD, 57201
$ 289,000
ROI
23.7Cash Flow/m
316- 3 Bed
- 3 Bath
- 2860 sft
109 Summerwood Dr, Watertown, SD, 57201
$ 379,000
ROI
21.2Cash Flow/m
149- 3 Bed
- 3 Bath
- 2884 sft
319 Summerwood Dr, Watertown, SD, 57201
$ 315,000
ROI
25.5Cash Flow/m
503- 2 Bed
- 2 Bath
- 1384 sft
1827 3rd St NW, Watertown, SD, 57201
Why Invest in Watertown, South Dakota?
Watertown, SD offers strong potential for **townhouse** investors with low vacancy rates and steady demand. Townhouses here provide solid **rental yields** around 7-8% amid growing multifamily absorption. Median household incomes are rising to $63k by 2028, supporting renter stability. Appreciation has doubled home values since 2005, with recent medians at $225k+. Ample lot supply and low 1.5% vacancy make it ideal for cash flow-focused portfolios.
8.5%
Avg. ROI
7.8%
Rental Yield
6.2%
Cap Rate
$450/mo
Avg. Cash Flow
$1350/mo
Avg. Rent
4.1%
1Y Appreciation
Frequently Asked Questions
Yes, townhouses offer strong rental demand with low 1.5% vacancy and rents from $1,350 for 2BR. Demand analysis projects 55-65 units needed soon. Stable appreciation doubles values since 2005.
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