Well-maintained fourplex offering strong cash-flow potential and value-add upside. The property will be fully rented by May 15, with projected gross rents just over $4,000/month at 100% occupancy. Recent improvements include refreshed landscaping, window replacements in basement units, new ceiling lights, exterior paint, tree trimming and removal, and garage door replacement. The property is currently self-managed, offering a streamlined, cost-efficient operation for investors, with additional upside available through future updates and optimization. Solid income property with room to increase returns through operational efficiencies!
Listing agent is related to the seller.
For sale
$425,000
613-615 1st Ave SE, Watertown, SD 57201
8beds
2,988sqft
:
Get pre-qualified$2,687/mo
Multi Family
Built in 1975
-- sqft lot
$409,800 Zestimate®
$142/sqft
$-- HOA
What's special
Tree trimming and removalExterior paintGarage door replacementNew ceiling lightsRefreshed landscaping
- 178 days |
- 134 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
KASSIDY PETERS 605-881-9443,
HAUGAN NELSON REALTY, INC
Source: Northeast South Dakota BOR,MLS#: 30-4820
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Interior area
- Total structure area: 2,988
- Total interior livable area: 2,988 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Lot
- Size: 9,765 Square Feet
- Dimensions: 75 x 130.2
Details
- Parcel number: 7105
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1975
Community & HOA
Location
- Region: Watertown
Financial & listing details
- Price per square foot: $142/sqft
- Tax assessed value: $249,340
- Annual tax amount: $3,120
- Date on market: 2/2/2026
Estimated market value
$409,800
$389,000 - $430,000
$1,036/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Price change | $425,000-1.2%$142/sqft |
Source: Northeast South Dakota BOR #30-4820 Report a problem | ||
| 2/2/2026 | Listed for sale | $430,000+14.7%$144/sqft |
Source: Northeast South Dakota BOR #30-4820 Report a problem | ||
| 8/6/2024 | Sold | $375,000+102.7%$126/sqft |
Source: Northeast South Dakota BOR #30-4612 Report a problem | ||
| 4/29/2015 | Sold | $185,000$62/sqft |
Source: Northeast South Dakota BOR #24-5605 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,120 -1.3% | $249,340 +5.7% |
| 2024 | $3,160 +5.3% | $235,966 +5.9% |
| 2023 | $3,002 +9.8% | $222,786 +11.9% |
| 2022 | $2,734 | $199,051 +13.6% |
| 2021 | -- | $175,295 |
| 2020 | $2,774 +1.9% | $175,295 +2.6% |
| 2019 | $2,722 +4.8% | $170,858 +5.5% |
| 2018 | $2,597 -3.2% | $161,939 +0.8% |
| 2017 | $2,683 | $160,635 |
| 2016 | $2,683 -8.7% | $160,635 -0.2% |
| 2015 | $2,938 -3.4% | $160,903 |
| 2014 | $3,041 | $160,903 +2.7% |
| 2013 | -- | $156,736 +9.7% |
| 2012 | -- | $142,908 |
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: 0.4 mi
- 8/10Watertown Jr. High - 02Grades: 7-8Distance: 1.7 mi
- 5/10Watertown High School - 01Grades: 9-12Distance: 0.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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