Active

1000 S Crawford Road

Vermillion, SD 57069

$2,080,000 $8,769/Mo

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Overview

Bed

Bath

6,560

Sqft

0.72

Acre(Lot)

Description

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.

Property Details

Property Type : Residential Income

Price : $2,080,000

AD Id : 79129009

MLS Id : 22603644

Beds : 3

Lot Size : 0.72 Acre

Living Area Size : 6,560

Year Built : 1979

County : Other (Out of Jurisdiction)

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3
Interior Features

Appliances: Refrigerator, Range

Building Information

Year Built: 1979 Stories: 3 Private Pool: No

Lot Information

Lot Dimensions: .72 Acres Lot Size Acres: 0.72 Lot Size Square Feet: 31363

Property Information

Subdivision: Other - Outside Jurisdiction Source Property Type: Residential Income MLS Area Minor: Outside MLS Jurisdiction Property SubType: Multi Family Property Age: 47

Listing Price Information

Listing Price: $2080000

Tax Information

Parcel Number: 15660-00600-040-00 15660-00600-030-00 Tax Legal Desc: LOT 4 BLK 6 RIDGECREST 7TH, LOT 3 BLK 6 RIDGECREST 7TH

Parking Information

Paved

School Information

Elementary School: Vermillion Elem School - Vermillion 13-1

Junior High School: Vermillion MS

Senior High School: Vermillion HS
Location Information

Direction: Maps WaterSource: Public

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ByOwner last updated this listing 07/21/2026 @ 00:46

MLS: 22603644 LISTED BY: Daniel Stillson, Gateway Real Estate Advisors 712-226-8000 SOURCE: REALTOR Association of the Sioux Empire