Real Estate Investment Properties for Sale in South Dakota

Looking for investment property in South Dakota with high ROI ?

Explore a variety of short-term homes & houses in South Dakota. Invest wisely with VRBO & South Dakota Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in South Dakota

Q: Which city in South-dakota to invest in for highest ROI on long term rental properties in 2026

In 2026, Pierreis the best city to buy investment properties. Find more investment properties today!

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
232 S 2ND ST Custer, SD Just Wow! Don't drag your feet on this very well kept 3-bedroom, 2-bathroom home with an a...	3 beds \| 2 baths \| 1,178 sq.ft.	$329,900	Airbnb cash on cash: 3.84% Traditional cash on cash: 3.29% Airbnb Rental Income: $2620 Traditional Rental Income: $1824 Airbnb ROI: 3.84% Traditional ROI: 3.29%
1512 S Judy Ave Sioux Falls, SD Welcome to this charming ranch-style home, perfectly situated on the desirable east side. ...	4 beds \| 3 baths \| 2,314 sq.ft.	$325,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 6.27% Airbnb Rental Income: $1250 Traditional Rental Income: $2753 Airbnb ROI: 0.05% Traditional ROI: 6.27%
3712 S Hawthorne Ave Sioux Falls, SD This is the opportunity you've been waiting for! It's not often you can find a 3-bedroom, ...	3 beds \| 2 baths \| 912 sq.ft.	$240,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 5.38% Airbnb Rental Income: $1394 Traditional Rental Income: $1776 Airbnb ROI: 1.83% Traditional ROI: 5.38%
3120 E 19th St Sioux Falls, SD Completely renovated and move-in ready, this spacious 4-bedroom, 3-bathroom home in Hillto...	4 beds \| 3 baths \| 2,273 sq.ft.	$319,500	Airbnb cash on cash: -0.01% Traditional cash on cash: 7.49% Airbnb Rental Income: $1250 Traditional Rental Income: $3106 Airbnb ROI: -0.01% Traditional ROI: 7.49%
1613 S Purdue Ave Sioux Falls, SD Welcome to this beautifully maintained 4-bedroom, 3-bathroom ranch in Sioux Falls' desirab...	4 beds \| 3 baths \| 2,132 sq.ft.	$435,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 4.2% Airbnb Rental Income: $1219 Traditional Rental Income: $2648 Airbnb ROI: -0.27% Traditional ROI: 4.2%
317 N Grange Ave Sioux Falls, SD This charming 1.5-story home in Sioux Falls offers a great blend of comfort, convenience, ...	3 beds \| 1 baths \| 1,674 sq.ft.	$224,900	Airbnb cash on cash: 0.26% Traditional cash on cash: 5.16% Airbnb Rental Income: $955 Traditional Rental Income: $1650 Airbnb ROI: 0.26% Traditional ROI: 5.16%
705 S 10th Street Aberdeen, SD Make this well maintained 2 bed, 2 bath home yours! Ready to move into with newer flooring...	2 beds \| 2 baths \| 1,740 sq.ft.	$204,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 7.3% Airbnb Rental Income: $1091 Traditional Rental Income: $1926 Airbnb ROI: 1.07% Traditional ROI: 7.3%
5101 E 61st St Sioux Falls, SD If you're ready for maintenance-free living, you'll enjoy this slab-on-grade villa at Bria...	2 beds \| 2 baths \| 1,230 sq.ft.	$329,900	Airbnb cash on cash: -1.07% Traditional cash on cash: 3.37% Airbnb Rental Income: $944 Traditional Rental Income: $1973 Airbnb ROI: -1.07% Traditional ROI: 3.37%
417 Main St Alpena, SD Step inside this charming 1.5 story home filled with beautiful original woodwork and timel...	4 beds \| 2 baths \| 2,420 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.68% Airbnb Rental Income: $null Traditional Rental Income: $1784 Airbnb ROI: N/A Traditional ROI: 6.68%
612 N Milwaukee St Canton, SD A familiar address with a fresh chapter, 612 N Milwaukee Street pairs the warmth of an est...	5 beds \| 2 baths \| 2,008 sq.ft.	$279,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.24% Airbnb Rental Income: $null Traditional Rental Income: $2835 Airbnb ROI: N/A Traditional ROI: 8.24%
704 E 3rd St Colton, SD Looking for a home you can make your own? This 3-bedroom, 1-bath home is a great opportuni...	3 beds \| 1 baths \| 1,440 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.33% Airbnb Rental Income: $null Traditional Rental Income: $1347 Airbnb ROI: N/A Traditional ROI: 4.33%
601 S Prairie Ave Sioux Falls, SD Welcome to your next home-full of charm, character, and modern comforts! From the moment y...	3 beds \| 1 baths \| 1,317 sq.ft.	$224,900	Airbnb cash on cash: 0.57% Traditional cash on cash: 5.51% Airbnb Rental Income: $972 Traditional Rental Income: $1674 Airbnb ROI: 0.57% Traditional ROI: 5.51%
9523 W Gert St Sioux Falls, SD There's something to appreciate about a home that feels as good as it functions. Built in ...	3 beds \| 3 baths \| 1,310 sq.ft.	$259,900	Airbnb cash on cash: 0.66% Traditional cash on cash: 6.32% Airbnb Rental Income: $1188 Traditional Rental Income: $2188 Airbnb ROI: 0.66% Traditional ROI: 6.32%
2909 S Keyrell Dr Sioux Falls, SD Don't miss this stunning 5 bedroom home in west Sioux Falls! This home is loaded with curb...	5 beds \| 3 baths \| 2,380 sq.ft.	$459,900	Airbnb cash on cash: 3.38% Traditional cash on cash: 3.89% Airbnb Rental Income: $3234 Traditional Rental Income: $2724 Airbnb ROI: 3.38% Traditional ROI: 3.89%
7801 W 65th St Sioux Falls, SD Welcome to this beautifully maintained 4-bedroom, 2-bath ranch in southwest Sioux Falls, o...	4 beds \| 2 baths \| 1,982 sq.ft.	$399,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 5.09% Airbnb Rental Income: $1856 Traditional Rental Income: $2711 Airbnb ROI: 1.48% Traditional ROI: 5.09%
242 E ST FRANCIS Rapid City, SD Listing provided by Paige McGee-Keller Williams Realty, Black Hills. Text/Call for showing...	2 beds \| 1 baths \| 840 sq.ft.	$240,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 2.78% Airbnb Rental Income: $1549 Traditional Rental Income: $1243 Airbnb ROI: 2.15% Traditional ROI: 2.78%
7600 W Regina St Sioux Falls, SD * $5,000 Bathroom Allowance* A home that's ready to welcome its next chapter. Step ins...	4 beds \| 3 baths \| 2,573 sq.ft.	$439,900	Airbnb cash on cash: -0.58% Traditional cash on cash: 4.21% Airbnb Rental Income: $1219 Traditional Rental Income: $2799 Airbnb ROI: -0.58% Traditional ROI: 4.21%
119 N 6th Street Ipswich, SD Luxury, craftsmanship, and functionality come together in this one-of-a-kind, fully renova...	5 beds \| 5 baths \| 4,084 sq.ft.	$490,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.02% Airbnb Rental Income: $null Traditional Rental Income: $2239 Airbnb ROI: N/A Traditional ROI: 3.02%
4605 W Custer Ln Sioux Falls, SD Perfectly suited for comfortable 55+ living, this beautifully updated third-floor condo wi...	3 beds \| 2 baths \| 1,445 sq.ft.	$215,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 5.83% Airbnb Rental Income: $1394 Traditional Rental Income: $1987 Airbnb ROI: 0.85% Traditional ROI: 5.83%
6708 E Dugout Ln Sioux Falls, SD Standout ranch home in Diamond Field Estates with no HOA! Three bedrooms are located on th...	5 beds \| 3 baths \| 2,627 sq.ft.	$584,900	Airbnb cash on cash: 1.77% Traditional cash on cash: 2.25% Airbnb Rental Income: $2991 Traditional Rental Income: $2566 Airbnb ROI: 1.77% Traditional ROI: 2.25%
4001 W Newcomb St Sioux Falls, SD Enjoy peaceful living in this beautifully situated home overlooking the Country Club of Si...	4 beds \| 4 baths \| 3,393 sq.ft.	$465,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 5.68% Airbnb Rental Income: $1219 Traditional Rental Income: $3459 Airbnb ROI: -0.36% Traditional ROI: 5.68%
5505 W Pineridge Dr Sioux Falls, SD This well-maintained 3 bedroom, 2 bath home offers an abundance of natural light, an open-...	3 beds \| 2 baths \| 1,931 sq.ft.	$349,900	Airbnb cash on cash: -1.18% Traditional cash on cash: 4.02% Airbnb Rental Income: $974 Traditional Rental Income: $2333 Airbnb ROI: -1.18% Traditional ROI: 4.02%
1802 SUGAR CREEK PL Spearfish, SD For more information, please contact listing agent Michael Warwick with Great Peaks Realty...	4 beds \| 2 baths \| 1,800 sq.ft.	$439,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.36% Airbnb Rental Income: $1789 Traditional Rental Income: $2420 Airbnb ROI: 0.64% Traditional ROI: 3.36%
2901 S Ridgeview Way Sioux Falls, SD Welcome to The Bluffs, where low-maintenance living comes with space, privacy, and some of...	4 beds \| 4 baths \| 3,123 sq.ft.	$554,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 1.03% Airbnb Rental Income: $1856 Traditional Rental Income: $1958 Airbnb ROI: -0.13% Traditional ROI: 1.03%
1153 Utah Ave SE Mina, SD A GREAT PLACE TO CALL HOME! Looking for an affordable way to step into homeownership? This...	2 beds \| 2 baths \| 1,664 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.62% Airbnb Rental Income: $null Traditional Rental Income: $2043 Airbnb ROI: N/A Traditional ROI: 8.62%
7904 S Pinewood Ave Sioux Falls, SD Welcome to this beautifully crafted ranch home located in one of South Sioux Falls' most d...	5 beds \| 3 baths \| 2,980 sq.ft.	$624,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 3.11% Airbnb Rental Income: $2931 Traditional Rental Income: $3113 Airbnb ROI: 1.63% Traditional ROI: 3.11%
307 N 4th Street Groton, SD Welcome to this beautifully updated home that effortlessly blends comfort, space, and mode...	3 beds \| 2 baths \| 2,204 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.66% Airbnb Rental Income: $null Traditional Rental Income: $2586 Airbnb ROI: N/A Traditional ROI: 11.66%
1505 E Melgaard Road Aberdeen, SD Enjoy easy, low-maintenance condo living with a 2-stall garage! This condo features many u...	2 beds \| 2 baths \| 1,219 sq.ft.	$215,000	Airbnb cash on cash: -1.26% Traditional cash on cash: 3.49% Airbnb Rental Income: $1091 Traditional Rental Income: $1688 Airbnb ROI: -1.26% Traditional ROI: 3.49%
214 MILLIKEN STREET Lead, SD Contact listing agent Brandon Harvey with Great Peaks Realty for more information. Excelle...	2 beds \| 1 baths \| 676 sq.ft.	$149,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 6.39% Airbnb Rental Income: $1110 Traditional Rental Income: $1331 Airbnb ROI: 2.22% Traditional ROI: 6.39%
5804 S Bounty Pl Sioux Falls, SD $5000 ALLOWANCE TO REPLACE ALL CARPET. Beautifully maintained 2-story townhome offering a ...	3 beds \| 3 baths \| 1,666 sq.ft.	$284,900	Airbnb cash on cash: -0.45% Traditional cash on cash: 4.38% Airbnb Rental Income: $1171 Traditional Rental Income: $2083 Airbnb ROI: -0.45% Traditional ROI: 4.38%
4225 PORTRUSH RD Rapid City, SD Listed by Lonnie Doney, KWBH,. Dreaming of an attainable luxury home in the beautiful Red ...	4 beds \| 3 baths \| 3,130 sq.ft.	$659,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 2.7% Airbnb Rental Income: $2840 Traditional Rental Income: $2808 Airbnb ROI: 1.68% Traditional ROI: 2.7%
3708 S Terry Ave #203 Sioux Falls, SD Well maintained 2 bedroom, 1 bath second floor condo offering comfortable, low-maintenance...	2 beds \| 1 baths \| 768 sq.ft.	$109,900	Airbnb cash on cash: 0.32% Traditional cash on cash: 4.83% Airbnb Rental Income: $1053 Traditional Rental Income: $1168 Airbnb ROI: 0.32% Traditional ROI: 4.83%
11892 KATHRINE CT Custer, SD THIS IS A MUST-SEE PROPERTY!! Originally built by the Kirk Brothers as a dairy barn in 188...	4 beds \| 5 baths \| 4,736 sq.ft.	$1,249,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 0.87% Airbnb Rental Income: $3064 Traditional Rental Income: $3779 Airbnb ROI: -0.35% Traditional ROI: 0.87%
1106 S 6TH ST Hot Springs, SD Discover this beautifully maintained 3-bedroom, 2-bath Adobe-style home featuring almost 1...	3 beds \| 2 baths \| 1,822 sq.ft.	$245,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 8.4% Airbnb Rental Income: $1375 Traditional Rental Income: $2568 Airbnb ROI: 1.44% Traditional ROI: 8.4%
1703 S 7th Street Aberdeen, SD Freshly updated and move-in ready, this 5 bedroom, 2 bath split foyer sits on an extra-lar...	5 beds \| 2 baths \| 1,872 sq.ft.	$314,900	Airbnb cash on cash: 5.52% Traditional cash on cash: 5.36% Airbnb Rental Income: $3088 Traditional Rental Income: $2339 Airbnb ROI: 5.52% Traditional ROI: 5.36%
5516 W Jeanne Dr Sioux Falls, SD Welcome home to this spacious multi-level tucked away in a quiet west-side neighborhood! Y...	4 beds \| 2 baths \| 1,808 sq.ft.	$335,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 5.11% Airbnb Rental Income: $1219 Traditional Rental Income: $2364 Airbnb ROI: 0.22% Traditional ROI: 5.11%
1900 S Norton Ave Sioux Falls, SD This centrally located home has wonderful living space and timeless character. Natural lig...	2 beds \| 1 baths \| 1,302 sq.ft.	$225,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 3.96% Airbnb Rental Income: $1053 Traditional Rental Income: $1454 Airbnb ROI: 0.37% Traditional ROI: 3.96%
4205 N Knob Hill Ct Sioux Falls, SD Welcome to this beautifully maintained 4-bedroom, 3.5-bath home in a desirable northwest S...	4 beds \| 4 baths \| 2,195 sq.ft.	$299,900	Airbnb cash on cash: -0.94% Traditional cash on cash: 7.52% Airbnb Rental Income: $1020 Traditional Rental Income: $3049 Airbnb ROI: -0.94% Traditional ROI: 7.52%
48016 Oak Trail Pl Sioux Falls, SD Escape to a private wooded reserve! Imagine a beautiful home with exceptional amenities of...	3 beds \| 2 baths \| 2,520 sq.ft.	$594,900	Airbnb cash on cash: -0.76% Traditional cash on cash: 2.38% Airbnb Rental Income: $1050 Traditional Rental Income: $2434 Airbnb ROI: -0.76% Traditional ROI: 2.38%

Real Estate investment in South Dakota

There are 1,752 properties available for sale in the state of South Dakota. Pierre, Yankton and Piedmont are the best rental property markets in South Dakota. The average median price of properties for sale in these cities are $352,800 and the average price per square foot is $0. Their average monthly cash on cash return is 3.67%.

South-dakota Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 1,752 investment properties available for sale in South-dakota.

In 2026, Pierre is the best city to buy investment properties. Find more investment properties today!

In 2026, Pierre (4%) and Yankton (4%) has the highest cash on cash return for long term rentals in South-dakota.

Your search for investment property begins and ends here

Investment Property for Sale in South Dakota

232 S 2ND ST

Custer, SD

3 beds | 2 baths | 1,178 sq.ft.

$329,900

Airbnb cash on cash: 3.84%

Traditional cash on cash: 3.29%

Airbnb Rental Income: $2620

Traditional Rental Income: $1824

Airbnb ROI: 3.84%

Traditional ROI: 3.29%

1512 S Judy Ave

Sioux Falls, SD

4 beds | 3 baths | 2,314 sq.ft.

$325,000

Airbnb cash on cash: 0.05%

Traditional cash on cash: 6.27%

Airbnb Rental Income: $1250

Traditional Rental Income: $2753

Airbnb ROI: 0.05%

Traditional ROI: 6.27%

3712 S Hawthorne Ave

Sioux Falls, SD

3 beds | 2 baths | 912 sq.ft.

$240,000

Airbnb cash on cash: 1.83%

Traditional cash on cash: 5.38%

Airbnb Rental Income: $1394

Traditional Rental Income: $1776

Airbnb ROI: 1.83%

Traditional ROI: 5.38%

3120 E 19th St

Sioux Falls, SD

4 beds | 3 baths | 2,273 sq.ft.

$319,500

Airbnb cash on cash: -0.01%

Traditional cash on cash: 7.49%

Airbnb Rental Income: $1250

Traditional Rental Income: $3106

Airbnb ROI: -0.01%

Traditional ROI: 7.49%

1613 S Purdue Ave

Sioux Falls, SD

4 beds | 3 baths | 2,132 sq.ft.

$435,000

Airbnb cash on cash: -0.27%

Traditional cash on cash: 4.2%

Airbnb Rental Income: $1219

Traditional Rental Income: $2648

Airbnb ROI: -0.27%

Traditional ROI: 4.2%

317 N Grange Ave

Sioux Falls, SD

3 beds | 1 baths | 1,674 sq.ft.

$224,900

Airbnb cash on cash: 0.26%

Traditional cash on cash: 5.16%

Airbnb Rental Income: $955

Traditional Rental Income: $1650

Airbnb ROI: 0.26%

Traditional ROI: 5.16%

705 S 10th Street

Aberdeen, SD

2 beds | 2 baths | 1,740 sq.ft.

$204,000

Airbnb cash on cash: 1.07%

Traditional cash on cash: 7.3%

Airbnb Rental Income: $1091

Traditional Rental Income: $1926

Airbnb ROI: 1.07%

Traditional ROI: 7.3%

5101 E 61st St

Sioux Falls, SD

2 beds | 2 baths | 1,230 sq.ft.

$329,900

Airbnb cash on cash: -1.07%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $944

Traditional Rental Income: $1973

Airbnb ROI: -1.07%