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Sold for $305,000
  • $305,000

    1423 S 1st St, Aberdeen, SD 57401

    5beds
    5baths
    --sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $306,300 Zestimate®
    $--/sqft
    $1,408 Estimated rent

    Home value

    $306,300

    Estimated sales range

    Not available

    $1,408/mo

    Zestimate® history
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    $1,937/mo

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    What's special

    Brand-new guttersUpdated cabinetryPlumbing reliabilityNew kitchen faucetsComprehensive freshening upModern flooring
    Prime Investment Opportunity! Turnkey 5-Unit Multi-Family Building. This well-maintained 5-plex offers a rare combination of stability and value-add potential for the savvy investor. Located in a high-demand rental market, the property consists of five uniform units, each featuring a functional 1-bedroom, 1-bathroom layout. A standout feature of this property is the inclusion of private garage space for every unit--a highly sought-after amenity that significantly boosts tenant retention and commands premium rental rates. The current ownership has invested significantly in the property's infrastructure and aesthetics, ensuring a smoother transition for the next buyer. The property has undergone significant improvements to ensure long-term durability and immediate tenant appeal. Exterior maintenance was prioritized with the installation of brand-new gutters to protect the foundation and manage drainage effectively. Inside, the units have been revitalized through a comprehensive freshening up, including updated cabinetry and modern flooring in several apartments. Plumbing reliability was also a focus, with new kitchen faucets installed throughout the building and all drains professionally snaked to ensure peak performance. Fire extinguishers all updated and checked as well. Zero vacancies since current owner as owned. Seller is a licensed real estate agent.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jamie Forrest 605-380-2652,

    eXp Realty,

    non member,

    Non-Member

    Bought with:

    Tetiana Althoff

    RE/MAX Preferred Choice

    Source: Aberdeen MLS,MLS#: 26-148MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5

    Property

    Parking
    • Parking features: Garage - Attached
    • Has attached garage: Yes
    Lot
    • Size: 0.31 Acres
    • Dimensions: 90 x 150
    Details
    • Parcel number: 13995

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1940

    Community & neighborhood

    Location
    • Region: Aberdeen

    Price history

    DateEventPrice
    5/29/2026Sold$305,000-3.1%
    Source: Aberdeen MLS #26-148 Report a problem
    4/16/2026Listed for sale$314,900
    Source: Aberdeen MLS #26-148 Report a problem
    4/5/2026Contingent$314,900
    Source: Aberdeen MLS #26-148 Report a problem
    3/19/2026Listed for sale$314,900+46.5%
    Source: Aberdeen MLS #26-148 Report a problem
    8/5/2024Sold$215,000+8%
    Source: Aberdeen MLS #24-506 Report a problem
    6/28/2024Listed for sale$199,000
    Source: Aberdeen MLS #24-506 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,853 -0.1%$214,017 +10.1%
    2024$3,856 +16.8%$194,310 +2.1%
    2023$3,301 +7%$190,230 +20.7%
    2022$3,086 +0.2%$157,584 +10%
    2021$3,080 +1.1%$143,301 +1.2%
    2020$3,047 -1.8%$141,547
    2019$3,102 $141,547
    2018-- $141,547 +3.7%
    2017-- $136,490 +0.3%
    2016-- $136,020
    2015-- $136,020
    2014-- $136,020 +9.1%
    2011-- $124,634

    Find assessor info on the county website

    Neighborhood: 57401

    Nearby schools

    GreatSchools rating
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