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For sale by owner
  • $425,000

    124 W 7th Ave, Mitchell, SD 57301

    9beds
    5,000sqft
    : 
    $2,918/mo
    Get pre-qualified
    MultiFamily
    Built in 1918
    -- sqft lot
    $-- Zestimate®
    $85/sqft
    $-- HOA

    What's special

    Hvac maintenanceInterior painting throughoutWater heater upgradeStairway repairsSheetrock repairsPlumbing updatesCabinet refinishing
    Investor Opportunity – Fully Occupied 9-Unit Apartment Building Excellent opportunity to acquire a well-maintained 9-unit apartment building in Mitchell, SD. This fully occupied property offers stable rental income, numerous capital improvements, and strong long-term investment potential. The building has been extensively updated over the years, including a new electrical service and panel upgrade, rewiring, water heater upgrade, HVAC maintenance, sewer line cleanout, interior painting throughout, cabinet refinishing, sheetrock repairs, stairway repairs, plumbing updates, and other improvements that reduce deferred maintenance. Property Features: 9 residential units Fully occupied Strong rental history Consistent cash-flowing investment Recent major capital improvements Well-maintained property Opportunity for future rental growth Financial documentation, including current rent rolls, operating expenses, unit breakdown, and capital improvement records, is available for qualified buyers upon request. Whether you're looking to expand your multifamily portfolio or purchase your first apartment building, this property offers immediate income with room for future appreciation. Serious inquiries only. Contact for additional information or to schedule a private showing.
    51 days
    172
    4
    Listed by:

    Property Owner (605) 553-7531

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 9
      • Full bathrooms: 9
      Heating
      • Electric, Gas
      Cooling
      • Central
      Features
      • Basement: Partially finished
      Interior area
      • Total interior livable area: 5,000 sqft

      Property

      Parking
      • Parking features: Carport, Off-street
      Features
      • Exterior features: Stucco
      Lot
      • Size: 1.54 Acres

      Construction

      Type & style
      • Home type: MultiFamily
      Condition
      • New construction: No
      • Year built: 1918

      Community & HOA

      Location
      • Region: Mitchell

      Financial & listing details

      • Price per square foot: $85/sqft
      • Date on market: 7/27/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $998/mo

        Price history

        DateEventPrice
        7/27/2026Listed for sale$425,000-5.6%$85/sqft
        Source: Owner Report a problem
        12/8/2025Listing removed--
        Source: Owner Report a problem
        12/5/2025Listed for sale$450,000-5.3%$90/sqft
        Source: Owner Report a problem
        11/14/2025Listing removed--
        Source: Owner Report a problem
        11/12/2025Listed for sale$475,000$95/sqft
        Source: Owner Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 57301

        Getting around

        50 / 100
        Somewhat Walkable
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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