613-615 1ST AVENUE SE, Watertown, SD 57201

$430,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 2,988 Status: Active
Current Price: $430,000 List Date: 2/02/2026 Last Modified: 2/02/2026

Overview

Description

Well-maintained fourplex offering strong cash-flow potential and value-add upside. The property has 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 professionally managed, providing a turnkey option for investors, with additional upside available for those who choose to self-manage. Solid income property with room to increase returns through operational efficiencies and future updates! Listing agent is related to the seller.

Listing Details MLS# 30-4820

Contract Information

Book Section
Multi Family
Record Number
7105
Begin Date
2026-02-02
Occupied By
Renter
City/Rural
City

General Property Description

Style
Ranch
Realtor.COM Type
Multi-Family
Above Grade Sq. Ft
1664
Total SqFt.
2988
Year Built
1975
Total Bedrooms
8
Total Bathrooms
4
Baths - Full
4
Garage Type
Detached
Waterfront Y/N
No
Lake Name
None
Basement
Full

Remarks

Public Remarks
Well-maintained fourplex offering strong cash-flow potential and value-add upside. The property has 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 professionally managed, providing a turnkey option for investors, with additional upside available for those who choose to self-manage. Solid income property with room to increase returns through operational efficiencies and future updates! Listing agent is related to the seller.

Location Tax and Other Information

House Number
613-615
Street Name
1ST
Street Suffix
AVENUE
Street Direction Sfx
SE
State/Province
SD
Postal Code
57201
County
Codington

Status Change Info

Status Change Date
2026-02-02

More Information

Utilities

Fuel
Electricity
Heat 1
Baseboards

Location, Tax and Other Information

Legal
W75' LOT 1 BLK 2 BROCK'S ADD & W75' LOTS 6-7 BLK 10 EAST WATERTOWN ADD
Listing Office: HAUGAN NELSON REALTY, INC
Last Updated: February - 02 - 2026
Information deemed reliable but not guaranteed.