Investor Alert! Fully leased tri-plex in the heart of Watertown generating $2,950/month in gross rents. Features (3) 2BR/1BA units, off-street parking, and a strong rental history. Solid condition with long-term tenants and stable cash flow. This is a great turnkey opportunity just blocks from Uptown and Lake Area Tech.
For sale
Price cut: $30.1K (6/5)
$269,900
612 E Kemp Ave, Watertown, SD 57201
6beds
2,446sqft
:
Get pre-qualified$1,725/mo
Multi Family
Built in 1912
-- sqft lot
$262,600 Zestimate®
$110/sqft
$-- HOA
What's special
Off-street parking
- 160 days |
- 286 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
LYNN MORRIS 605-881-8267,
THE REALTY TEAM
Source: Northeast South Dakota BOR,MLS#: 24-7167
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Interior area
- Total structure area: 2,446
- Total interior livable area: 2,446 sqft
Property
Lot
- Size: 6,534 Square Feet
- Dimensions: 50 x 132
Details
- Parcel number: 7101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1912
Community & HOA
Location
- Region: Watertown
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $165,954
- Annual tax amount: $2,204
- Date on market: 2/13/2026
Estimated market value
$262,600
$249,000 - $276,000
$1,150/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Price change | $269,900-10%$110/sqft |
Source: Northeast South Dakota BOR #24-7167 Report a problem | ||
| 1/21/2026 | Price change | $299,990-14.3%$123/sqft |
Source: Northeast South Dakota BOR #24-7098 Report a problem | ||
| 8/6/2025 | Listed for sale | $349,900+52.1%$143/sqft |
Source: Northeast South Dakota BOR #24-7098 Report a problem | ||
| 6/25/2021 | Sold | $230,000-4.1%$94/sqft |
Source: Northeast South Dakota BOR #24-6534 Report a problem | ||
| 4/17/2021 | Listed for sale | $239,900+805.3%$98/sqft |
Source: Local MLS #24-6534 Report a problem | ||
| 11/15/2013 | Sold | $26,500-72.1%$11/sqft |
Source: Northeast South Dakota BOR #24-5432 Report a problem | ||
| 6/18/2013 | Sold | $95,000$39/sqft |
Source: Northeast South Dakota BOR #24-5274 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,077 -1.3% | $165,954 +5.7% |
| 2024 | $2,103 +5.2% | $157,076 +5.9% |
| 2023 | $1,999 +9.8% | $148,287 +11.9% |
| 2022 | $1,820 | $132,533 +13.6% |
| 2021 | -- | $116,696 |
| 2020 | $1,846 +1.9% | $116,696 +2.6% |
| 2019 | $1,811 +1.6% | $113,706 +2.2% |
| 2018 | $1,784 -3.2% | $111,204 +0.8% |
| 2017 | $1,842 | $110,325 |
| 2016 | $1,842 +10.4% | $110,325 +20.7% |
| 2015 | $1,668 -3.4% | $91,375 |
| 2014 | $1,727 | $91,375 +2.8% |
| 2013 | -- | $88,902 +9.4% |
| 2012 | -- | $81,240 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 57201
Nearby schools
GreatSchools rating
- 2/10Roosevelt Elementary - 08Grades: PK-4Distance: 0.5 mi
- 8/10Watertown Jr. High - 02Grades: 7-8Distance: 1.7 mi
- 5/10Watertown High School - 01Grades: 9-12Distance: 0.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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