613-615 1ST AVENUE SE, Watertown, SD 57201
$425,000
Property Type:
Residential Income
Bedrooms:
8
Baths:
4
Square Footage:
2,988
Status:
Active
Current Price:
$425,000
List Date:
2/02/2026
Last Modified:
5/01/2026
Overview
Description
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
- # Garage Stalls
- 4
- 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 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.
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: May - 01 - 2026
Information deemed reliable but not guaranteed.