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.
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Zillow last checked:
Listing updated:
Listed by:
Daniel R Stillson,
Gateway Real Estate Advisors712-226-8000
Source: Realtor Association of the Sioux Empire,MLS#: 22603644
Facts & features
Interior
Appliances
Included: Refrigerator, Range
Interior area
Total interior livable area: 6,560 sqft
Property
Parking
Parking features: Paved
Features
Stories: 3
Lot
Size: 0.72 Acres
Dimensions: .72 Acres
Details
Parcel number: 156600060004000 156600060003000
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Condition
Year built: 1979
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Subdivision: Other - Outside Jurisdiction
Location
Region: Vermillion
Financial & listing details
Price per square foot: $317/sqft
Date on market: 5/22/2026
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/22/2026
Listed for sale
$2,080,000$317/sqft
Source: Realtor Association of the Sioux Empire #22603644Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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Elementary: Vermillion Elem School - Vermillion 13-1
Middle: Vermillion MS
High: Vermillion HS
District: Vermillion
Source: Realtor Association of the Sioux Empire. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.