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6,560 sqft

$2,080,000

1000 S Crawford Rd, Vermillion SD, 57069

Price per sqft$317.07
Built in1979
Property size6,560 sqft
Property typeMulti-family
Listed by Daniel Stillson with Gateway Real Estate Advisors Listing Contact: [email protected]

Overview

Active

Active - Active

Listed May 22, 2026

Updated Jun 12

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.

$13,838/mo

Est. mortgage payment based on a $2,080,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22603644

Interior Features

Basement
No

Exterior Features

Lot Size
0.72 Acres
MLS provider logo

Listed by Daniel Stillson with Gateway Real Estate Advisors Listing Contact: [email protected] 

The IDX display contains information sourced from the REALTOR® Association of the Sioux Empire as of 6/12/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 REALTOR® Association of the Sioux Empire all rights reserved.

Data last updated on 6/12/2026 at 4:28 PM UTC

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