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.
For sale by owner
$425,000
124 W 7th Ave, Mitchell, SD 57301
9beds
5,000sqft
MultiFamily
Built in 1918
-- sqft lot
$-- Zestimate®
$85/sqft
$-- HOA
What's special
Hvac maintenanceInterior painting throughoutWater heater upgradeStairway repairsSheetrock repairsPlumbing updatesCabinet refinishing
- 51 days
- 172
- 4
Listed by:
Property Owner (605) 553-7531
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
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Listed for sale | $425,000-5.6%$85/sqft |
Source: Owner Report a problem | ||
| 12/8/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/5/2025 | Listed for sale | $450,000-5.3%$90/sqft |
Source: Owner Report a problem | ||
| 11/14/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/12/2025 | Listed for sale | $475,000$95/sqft |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment


