124 W 7th Ave
Mitchell, SD 57301
9 Beds
9 Baths
5,000 sqft (on 1.54 acres)
$425,000
$425,000
9 Beds
9 Baths
5,000 sqft
(on 1.54 acres)
Home Highlights
Price/Sqft
$85
Listed
28 days ago
Climate Control
Natural Gas, Electric & Central Air
Local Information
- Map ViewExplore the area around 124 W 7th Ave.
- Schools2 Elementary Schools2 Middle Schools2 High Schools
- Shop & Eat
-- mins to
About this House
Investor Opportunity – Fully Occupied 9-Unit Apartment Building
Excellent opportunity to acquire a well-maintained 9-unit apartment building in Mitchell, SD. This fully occupied property offers stable rental income, numerous capital improvements, and strong long-term investment potential.
The building has been extensively updated over the years, including a new electrical service and panel upgrade, rewiring, water heater upgrade, HVAC maintenance, sewer line cleanout, interior painting throughout, cabinet refinishing, sheetrock repairs, stairway repairs, plumbing updates, and other improvements that reduce deferred maintenance.
Property Features:
9 residential units
Fully occupied
Strong rental history
Consistent cash-flowing investment
Recent major capital improvements
Well-maintained property
Opportunity for future rental growth
Financial documentation, including current rent rolls, operating expenses, unit breakdown, and capital improvement records, is available for qualified buyers upon request.
Whether you're looking to expand your multifamily portfolio or purchase your first apartment building, this property offers immediate income with room for future appreciation.
Serious inquiries only. Contact for additional information or to schedule a private showing.
Excellent opportunity to acquire a well-maintained 9-unit apartment building in Mitchell, SD. This fully occupied property offers stable rental income, numerous capital improvements, and strong long-term investment potential.
The building has been extensively updated over the years, including a new electrical service and panel upgrade, rewiring, water heater upgrade, HVAC maintenance, sewer line cleanout, interior painting throughout, cabinet refinishing, sheetrock repairs, stairway repairs, plumbing updates, and other improvements that reduce deferred maintenance.
Property Features:
9 residential units
Fully occupied
Strong rental history
Consistent cash-flowing investment
Recent major capital improvements
Well-maintained property
Opportunity for future rental growth
Financial documentation, including current rent rolls, operating expenses, unit breakdown, and capital improvement records, is available for qualified buyers upon request.
Whether you're looking to expand your multifamily portfolio or purchase your first apartment building, this property offers immediate income with room for future appreciation.
Serious inquiries only. Contact for additional information or to schedule a private showing.
Home Details for 124 W 7th Ave
|
|---|
Interior Details BasementAttic |
Heating & Cooling Heating: Electric, GasAir ConditioningCooling System: CentralHeating Fuel: Electric |
|
|---|
Days on Market: 28 days on Trulia |
|
|---|
Year Built Year Built: 1918Year Updated: 1993 |
Property Type / Style Property Type: Multi Family |
|
|---|
Exterior Home Features Exterior: Stucco |
Parking & Garage Parking: Carport, Off Street |
|
|---|
Price Price Per Sqft: $85 |
|
|---|
Units in Building: 9 |
|
|---|
Lot Area: 1.54 acres |
Around this home
- Gertie Belle Rogers Elementary - 04
- K-5
- Public
- 379 Students
7/10GreatSchools RatingParent Rating AverageI attended this school 3-5th grades and absolutely LOVED it! Now, I'm a parent of a student attending this school!! This is a FANTASTIC school!!Parent Review11y ago - Abbott House Elementary - 06
- K-8
- Public
- 13 Students
NAGreatSchools RatingParent Rating Average
No reviews available for this school.
What Locals Say about Mitchell
At least 19 Trulia users voted on each feature.
91 % Say parking is easy
88 % Say car is needed
88 % Say there are sidewalks
84 % Say it's dog friendly
80 % Say yards are well-kept
75 % Say kids play outside
68 % Say there's holiday spirit
68 % Say people would walk alone at night
57 % Say it's walkable to grocery stores
56 % Say neighbors are friendly
55 % Say it's quiet
52 % Say it's walkable to restaurants
52 % Say streets are well-lit
45 % Say they plan to stay for at least 5 years
40 % Say there's wildlife
31 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Mitchell
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
85
16MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes.
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $238,100 | 3 | 2.5 | 2,876 | Off Market | |
0.03 | $197,400 | 3 | 2 | 1,228 | Off Market | |
0.07 | $115,700 | 3 | 2 | 1,349 | Off Market | |
0.12 | $283,500 | 4 | 2 | 2,587 | Off Market | |
0.12 | $213,000 | 3 | 1 | 1,729 | Recently Sold | |
0.17 | $211,300 | 2 | 1.5 | 2,366 | Off Market | |
0.19 | $223,500 | 3 | 1 | 1,928 | Off Market | |
0.16 | $227,300 | 4 | 1 | 1,780 | Off Market | |
0.18 | $187,200 | 2 | 1 | 868 | Off Market | |
0.17 | $184,900 | 2 | 1 | 864 | Recently Sold | |
0.20 | $315,000 | 4 | 2 | 1,873 | Recently Sold | |
0.22 | $179,900 | 2 | 1 | 782 | For Sale |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 27, 2026 Source: N/A | Listed For Sale | $425,000 |
Dec 8, 2025 Source: N/A | ListingRemoved | |
Dec 5, 2025 Source: N/A | Listed For Sale | $450,000 |
Nov 14, 2025 Source: N/A | ListingRemoved | |
Nov 12, 2025 Source: N/A | Listed For Sale | $475,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
Similar Homes You May Like
- Results are loading
- Results are loading
Frequently asked questions about 124 W 7th Ave
- What is the estimated monthly payment for 124 W 7th Ave?Based on a $425,000 list price with 20% down at today's rates, the estimated monthly payment for 124 W 7th Ave in Mitchell, SD is approximately $2,746 (about $2,232 principal & interest, $439 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Mitchell?Residents describe Mitchell, SD as easy to park in, pedestrian-friendly, and dog-friendly. See homes for sale in Mitchell, SD.
- What are the closest schools to 124 W 7th Ave?The closest schools to 124 W 7th Ave in Mitchell, SD are Abbott House Elementary - 06 (Middle), Abbott House High School - 07, Gertie Belle Rogers Elementary - 04 (rated 7/10).
- Does 124 W 7th Ave have air conditioning?Yes, 124 W 7th Ave in Mitchell, SD has air conditioning.
- Does 124 W 7th Ave have parking?Yes, 124 W 7th Ave in Mitchell, SD has on-site parking.
124 W 7th Ave, Mitchell, SD 57301 is a 9 bedroom, 9 bathroom, 5,000 sqft multi-family built in 1918. This property is currently available for sale and was listed on Jul 27, 2026.