Crawford Rising Apartments offers a rare combination of immediate income and long-term upside in a market that rarely disappoints. This stabilized 24-unit multifamily property in Vermillion, South Dakota is 100% occupied, nearly fully renovated, and supported by consistent demand from the University of South Dakota and the broader surrounding region. The offering is priced at $2,080,000 and features a 7.00% cap rate, current NOI of $145,553, and pro forma NOI of $162,370. The property includes two buildings on 0.72 acres with a unit mix of 22 two-bedroom/one-bath and 2 one-bedroom/one-bath residences. With limited capital needs and rents currently below market, this asset presents a clear value-add opportunity for investors who want dependable performance and room to grow from day one.
Pending
$2,080,000
1000/1008 S Crawford Rd, Vermillion, SD 57069
3beds
--sqft
Multi Family
Built in 1979
-- sqft lot
$1,861,000 Zestimate®
$--/sqft
$-- HOA
What's special
Nearly fully renovated
- 142 days
- 12
- 0
Zillow last checked:
Listing updated:
Listed by:
Nic Madsen 712-540-6562,
Gateway Real Estate Advisors
Source: Northwest Iowa Regional BOR,MLS#: 833070
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Interior area
- Total structure area: 0
- Finished area below ground: 0
Property
Lot
- Size: 0.72 Acres
Details
- Parcel number: 156600060004000
- Zoning: res
- Zoning description: res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Location
- Region: Vermillion
Financial & listing details
- Annual tax amount: $23,908
- Price range: $2.1M - $2.1M
- Date on market: 5/22/2026
- Total actual rent: 233586
- Tenant pays: Water, Electricity, Gas
Estimated market value
$1,861,000
$1.77M - $1.95M
$1,224/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Pending sale | $2,080,000 |
Source: | ||
| 5/22/2026 | Listed for sale | $2,080,000+15.6% |
Source: | ||
| 4/21/2025 | Listing removed | $1,800,000 |
Source: | ||
| 10/29/2024 | Listed for sale | $1,800,000+44% |
Source: | ||
| 12/21/2022 | Sold | $1,250,000-9.1% |
Source: | ||
| 10/13/2022 | Listed for sale | $1,375,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment





