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.


