For sale

Price cut: $10K (7/15)

$639,000

516 N Highland Ave, Madison, SD 57042

--beds

--baths

6,816sqft

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Multi Family

Built in 1970

-- sqft lot

$-- Zestimate^®

$94/sqft

$-- HOA

What's special

Attention Investors! A rare opportunity awaits in Madison, SD, home to the rapidly growing Dakota State University. This well-maintained 8-plex is the perfect addition to any portfolio, whether you're a seasoned investor or just expanding into multi-family properties. Each of the eight units comes equipped with its own refrigerator and stove, and the building also includes a coin-operated washer and dryer set for added income. With its prime location, strong appeal to a wide range of renters, this 8-plex offers an excellent addition to any investment portfolio.

67 days

118

3

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Facts & features

Interior

Heating

Natural Gas

Cooling

Electric

Appliances

Included: Refrigerator, Range, Washer, Dryer

Features

Flooring: Carpet, Laminate

Interior area

Total structure area: 1
Total interior livable area: 6,816 sqft

Property

Parking

Parking features: Paved

Features

Stories: 2
Entry location: Community

Lot

Size: 2,199 Square Feet
Dimensions: 147x149

Details

Parcel number: 211100420003010

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Roof: Other

Condition

Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Smith And Trows Addn

Location

Region: Madison

Financial & listing details

Price per square foot: $94/sqft
Date on market: 5/12/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/15/2026	Price change	$639,000-1.5%$94/sqft
Source: Realtor Association of the Sioux Empire #22603347 Report a problem
5/12/2026	Listed for sale	$649,000+11.9%$95/sqft
Source: Realtor Association of the Sioux Empire #22603347 Report a problem
8/1/2022	Sold	$580,000+5.5%$85/sqft
Source: Realtor Association of the Sioux Empire #22202601 Report a problem
5/13/2022	Listed for sale	$549,900$81/sqft
Source: Realtor Association of the Sioux Empire #22202601 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 57042

Getting around

28 / 100

Car-Dependent

37 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Madison Elementary School - 07
Grades: K-5Distance: 0.5 mi
7/10
Madison Middle School - 02
Grades: 6-8Distance: 1.4 mi
6/10
Madison High School - 01
Grades: 9-12Distance: 1.3 mi

Schools provided by the listing agent

Elementary: Madison ES
Middle: Madison MS
High: Madison HS
District: Madison Central 39-2

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.