This fully occupied four-plex in Edgemont offers steady income and future upside. Each of the four 2-bedroom, 1-bath units features approximately 840 sq ft of living space. The property has been well-maintained, with strong tenant demand and consistent occupancy. Current rents are below market, presenting an excellent opportunity for a new owner to increase revenue with modest updates. Tenants pay gas and electric, while the owner covers water/sewer, taxes, and insurance. Off-street parking and a central location make this a desirable rental option for tenants and an attractive investment for buyers.
Rare opportunity to acquire an 8-unit multifamily property in Edgemont, fully composed of spacious 2-bed/1-bath apartments averaging over 780 sq ft each. The building totals 6,256 sq ft on a large 0.80-acre lot, offering both scale and potential for future expansion. Current occupancy is strong, with proven rental demand in the market. Several units have been updated, and all are individually metered for electric with separate water heaters. Current rents are below market, providing immediate upside for a new owner to raise income through modest updates and rent adjustments. Tenants are responsible for their own electric; owner covers water/sewer, taxes, and insurance. Ample parking is included on site. This property may be purchased individually or as a package with the neighboring 4-plex at 701 5th Ave, creating a rare 12-unit investment opportunity in a stable rental market.
Edgemont is located in South Dakota. Edgemont, South Dakota has a population of 871. Edgemont is less family-centric than the surrounding county with 12.22% of the households containing married families with children. The county average for households married with children is 13.6%.
The median household income in Edgemont, South Dakota is $35,192. The median household income for the surrounding county is $51,007 compared to the national median of $69,021. The median age of people living in Edgemont is 43.7 years.
The average high temperature in July is 89.9 degrees, with an average low temperature in January of 10.7 degrees. The average rainfall is approximately 17.1 inches per year, with 34.3 inches of snow per year.
