$430,000
Watertown, SD 57201
MLS# 30-4820
8 beds | 4 baths | 2988 sqft
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Property Description
Well-maintained fourplex offering strong cash-flow potential and value-add upside. The property has gross rents just over $4,000/month at 100% occupancy. Recent improvements include refreshed landscaping, window replacements in basement units, new ceiling lights, exterior paint, tree trimming and removal, and garage door replacement. The property is currently professionally managed, providing a turnkey option for investors, with additional upside available for those who choose to self-manage. Solid income property with room to increase returns through operational efficiencies and future updates! Listing agent is related to the seller.
Details
Maps
Contract Information
Record Number: 7105
Occupied By: Renter
City/Rural: City
Book Section: Multi Family
Begin Date: 2026-02-02
List Price: $430,000
General Property Description
Realtor.COM Type: Multi-Family
Style: Ranch
Lot Size: 75 x 130.2
Above Grade Sq. Ft: 1664
Waterfront Y/N: No
Lake Name: None
Garage Type: Detached
Basement: Full
Total SqFt.: 2988
Year Built: 1975
Total Bedrooms: 8
Total Bathrooms: 4
Baths - Full: 4
Remarks
Public Remarks: Well-maintained fourplex offering strong cash-flow potential and value-add upside. The property has gross rents just over $4,000/month at 100% occupancy. Recent improvements include refreshed landscaping, window replacements in basement units, new ceiling lights, exterior paint, tree trimming and removal, and garage door replacement. The property is currently professionally managed, providing a turnkey option for investors, with additional upside available for those who choose to self-manage. Solid income property with room to increase returns through operational efficiencies and future updates!
Listing agent is related to the seller.
Location, Tax and Other Information
Legal: W75' LOT 1 BLK 2 BROCK'S ADD & W75' LOTS 6-7 BLK 10 EAST WATERTOWN ADD
Utilities
Fuel: Electricity
Heat 1: Baseboards
None
Current Price: $430,000
Location Tax and Other Information
House Number: 613-615
Street Name: 1ST
Street Suffix: AVENUE
Street Direction Sfx: SE
State/Province: SD
Postal Code: 57201
County: Codington
Status Change Info
Status: Active
Status Change Date: 2026-02-02
Property Features
Listing Office: HAUGAN NELSON REALTY, INC
Last Updated: February - 02 - 2026
Information deemed reliable but not guaranteed.