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1000-1008 S Crawford Rd, 
Vermillion, SD 57069

$2,080,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Nic Madsen

Gateway Real Estate Advisors

712-226-8000

Last updated:

August 8, 2026, 03:24 PM

MLS#

833070

Source:

IA GSCBOR

About This Home

1000-1008 S Crawford Rd

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.

Home Facts

Multi-Family

Built in 1979

Price Summary

2,080,000

MLS #:

833070

Last Updated:

August 8, 2026, 03:24 PM

Added:

2 month(s) ago

Structure

Structure

Year Built:

1979

Lot

Lot Size (Sq. Ft):

31,363

Finances & Disclosures

Finances

Price:

$2,080,000

Source:IA GSCBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.