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1000-1008 S Crawford Rd, Vermillion, SD 57069

Vermillion
Local realty services provided by:CENTURY 21 Signature Real Estate
1000-1008 S Crawford Rd,Vermillion, SD 57069
$2,080,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: nic madsen
Office: gateway real estate advisors
MLS#:833070
Source:IA_GSCBOR

Price summary

  • Price:$2,080,000

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
  • Listing ID #:833070
  • Added:140 day(s) ago
  • Updated:October 10, 2026 at 07:53 AM

Structure and exterior

  • Year built:1979
  • Lot area:0.72 Acres

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$2,080,000
  • Tax amount:$23,908

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