1000 S Crawford Rd, Vermillion, SD 57069

Vermillion
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
1000 S Crawford Rd,Vermillion, SD 57069
$2,080,000
  • - Beds
  • - Baths
  • 6,560 sq. ft.
  • Multi-family
  • Active
Listed by: daniel stillson
Office: gateway real estate advisors
MLS#:22603644
Source:SD_RASE

Price summary

  • Price:$2,080,000
  • Price per sq. ft.:$317.07

About this home

Crawford Rising Apartments offers a rare combination of immediate income and long-term upside in a market that rarely disappoints. This stabilized 24-unit multifamily property in Vermillion, South Dakota is 100% occupied, nearly fully renovated, and supported by consistent demand from the University of South Dakota and the broader surrounding region. The offering is priced at $2,080,000 and features a 7.00% cap rate, current NOI of $145,553, and pro forma NOI of $162,370. The property includes two buildings on 0.72 acres with a unit mix of 22 two-bedroom/one-bath and 2 one-bedroom/one-bath residences. With limited capital needs and rents currently below market, this asset presents a clear value-add opportunity for investors who want dependable performance and room to grow from day one.

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Home facts

  • Year built:1979
  • Subdivision & Development:Other - Outside Jurisdiction
  • Listing ID #:22603644
  • Added:147 day(s) ago
  • Updated:October 16, 2026 at 02:58 PM

Rooms and interior

  • Living area:6,560 sq. ft.

Structure and exterior

  • Year built:1979
  • Building area:6,560 sq. ft.
  • Lot area:0.72 Acres

Schools

  • High school:Vermillion HS
  • Middle school:Vermillion MS
  • Elementary school:Vermillion Elem School - Vermillion 13-1

Finances and disclosures

  • Price:$2,080,000
  • Price per sq. ft.:$317.07
  • Tax amount:$21,336
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