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, Yanktonis the best city to buy investment properties. Find more investment properties today!

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
821 Montgomery St Custer, SD New Steel Roof, furnace, water heater, dishwasher, patio and privacy fence in 2015. This ...	3 beds \| 1 baths \| 1,322 sq.ft.	$259,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 4.23% Airbnb Rental Income: $2318 Traditional Rental Income: $1688 Airbnb ROI: 4.45% Traditional ROI: 4.23%
1016 SW 16th Avenue Aberdeen, SD Stylish updates, functional space & a backyard you'll love. Built in 2012, this 4-bedroom,...	4 beds \| 2 baths \| 1,976 sq.ft.	$322,000	Airbnb cash on cash: 0.71% Traditional cash on cash: 5.1% Airbnb Rental Income: $1411 Traditional Rental Income: $2316 Airbnb ROI: 0.71% Traditional ROI: 5.1%
11991 Oak Dr Whitewood, SD For more information, please contact listing agents Heath Gran or Scot Munro with Great Pe...	4 beds \| 3 baths \| 4,760 sq.ft.	$1,249,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 1.58% Airbnb Rental Income: $285 Traditional Rental Income: $3228 Airbnb ROI: -1.16% Traditional ROI: 1.58%
24799 457th Ave Ave Colton, SD It's time... time to own your own piece of land. Here's your opportunity to breathe with t...	2 beds \| 1 baths \| 1,108 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.04% Airbnb Rental Income: $null Traditional Rental Income: $1609 Airbnb ROI: N/A Traditional ROI: 8.04%
3017 S Keyrell Dr Sioux Falls, SD This beautifully maintained split-foyer home offers 5 bedrooms, 3 bathrooms, and a spaciou...	5 beds \| 3 baths \| 1,956 sq.ft.	$378,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 5.83% Airbnb Rental Income: $1422 Traditional Rental Income: $2968 Airbnb ROI: 0.27% Traditional ROI: 5.83%
720 S Main St Lennox, SD Affordable small town living in the heart of Lennox! This charming home offers an open con...	2 beds \| 1 baths \| 1,048 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.15% Airbnb Rental Income: $null Traditional Rental Income: $1519 Airbnb ROI: N/A Traditional ROI: 5.15%
1010 S Main Street Aberdeen, SD Solid multi-family investment opportunity in a high-visibility Aberdeen location. This ful...	N/A beds \| N/A baths \| N/A	$309,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.83% Airbnb Rental Income: $null Traditional Rental Income: $1225 Airbnb ROI: N/A Traditional ROI: 0.83%
1229 Beach Ave SE Huron, SD Affordable and full of charm, this home is a great opportunity to stop renting and start b...	2 beds \| 1 baths \| 1,584 sq.ft.	$169,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.87% Airbnb Rental Income: $807 Traditional Rental Income: $1041 Airbnb ROI: 0.41% Traditional ROI: 3.87%
815 NE 15th Avenue Aberdeen, SD Great main floor condominium - NO STEPS!!Open concept. Secure building w/cameras, key and ...	2 beds \| 2 baths \| 1,298 sq.ft.	$139,500	Airbnb cash on cash: 3.54% Traditional cash on cash: 10.11% Airbnb Rental Income: $1262 Traditional Rental Income: $1743 Airbnb ROI: 3.54% Traditional ROI: 10.11%
1205 Douglas Ave Yankton, SD Step into timeless charm at 1205 Douglas in Yanktonâs most distinguished neighborhood. T...	4 beds \| 3 baths \| 3,077 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.64% Airbnb Rental Income: $null Traditional Rental Income: $2120 Airbnb ROI: N/A Traditional ROI: 2.64%
5205 W 37th St Sioux Falls, SD Welcome to this gorgeous recently remodeled west side Ranch on 1/3 of an acre. The home ha...	4 beds \| 3 baths \| 2,200 sq.ft.	$365,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 6.11% Airbnb Rental Income: $1289 Traditional Rental Income: $2942 Airbnb ROI: 0.11% Traditional ROI: 6.11%
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: 1.88% Traditional cash on cash: 5.51% Airbnb Rental Income: $1307 Traditional Rental Income: $1674 Airbnb ROI: 1.88% Traditional ROI: 5.51%
2810 S Oriya Pl Sioux Falls, SD Discover luxury, maintenance-free living at The Shores Townhomes, located in the prestigio...	3 beds \| 4 baths \| 2,520 sq.ft.	$875,000	Airbnb cash on cash: -1.37% Traditional cash on cash: 0.63% Airbnb Rental Income: $1372 Traditional Rental Income: $2580 Airbnb ROI: -1.37% Traditional ROI: 0.63%
7801 W 65th St Sioux Falls, SD Beautiful ranch home located in far southwest Sioux Falls. This 4 bed/2 bath has been well...	4 beds \| 2 baths \| 1,982 sq.ft.	$414,900	Airbnb cash on cash: 0.96% Traditional cash on cash: 4.87% Airbnb Rental Income: $1657 Traditional Rental Income: $2711 Airbnb ROI: 0.96% Traditional ROI: 4.87%
1209 Kettering Drive Aberdeen, SD 1209 Kettering Drive \| Aberdeen, SDSome homes are built. This one was considered.From the ...	5 beds \| 4 baths \| 3,702 sq.ft.	$642,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.97% Airbnb Rental Income: $null Traditional Rental Income: $3704 Airbnb ROI: N/A Traditional ROI: 3.97%
931 S Kline Street Aberdeen, SD Move right into this stunning, fully remodeled 2+ story home! With 3 bedrooms and 2.5 bath...	3 beds \| 3 baths \| 2,845 sq.ft.	$299,900	Airbnb cash on cash: 0.95% Traditional cash on cash: 8.42% Airbnb Rental Income: $1180 Traditional Rental Income: $2905 Airbnb ROI: 0.95% Traditional ROI: 8.42%
507 Gold St Lead, SD Price improvement at $189,000! This beautiful Lead home is move in ready and priced to sel...	5 beds \| 4 baths \| 3,000 sq.ft.	$749,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 2.77% Airbnb Rental Income: $2639 Traditional Rental Income: $3633 Airbnb ROI: 0.44% Traditional ROI: 2.77%
1300 Nellie St Sturgis, SD Property presented by Ashley S. Goodrich with RE/MAX In The Hills Look at this 1951 master...	4 beds \| 1 baths \| 2,650 sq.ft.	$399,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 4.8% Airbnb Rental Income: $1860 Traditional Rental Income: $2756 Airbnb ROI: 1.08% Traditional ROI: 4.8%
24741 Timber Ridge Rd Hermosa, SD Â From its custom chandeliers and cabinetry to its stunning views of Harney peak and the B...	4 beds \| 3 baths \| 7,985 sq.ft.	$2,999,999	Airbnb cash on cash: N/A Traditional cash on cash: -1.31% Airbnb Rental Income: $null Traditional Rental Income: $2854 Airbnb ROI: N/A Traditional ROI: -1.31%
2312 SE 12th Avenue Aberdeen, SD Nestled in an established neighborhood, this inviting ranch style home has 5 bedrooms & 2 ...	5 beds \| 2 baths \| 2,184 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $2540 Airbnb ROI: N/A Traditional ROI: 7.15%
744 Prospect Ave Lead, SD Welcome to this lovely 2-bedroom, 2-bathroom Condo in Lead, SD! Built in 1991, this fully ...	1 beds \| 1 baths \| 602 sq.ft.	$149,000	Airbnb cash on cash: -2.24% Traditional cash on cash: 7.41% Airbnb Rental Income: $356 Traditional Rental Income: $1484 Airbnb ROI: -2.24% Traditional ROI: 7.41%
4912 S Klein Ave #28 Sioux Falls, SD Welcome to this beautifully updated upper-level condo offering peaceful views and no immed...	2 beds \| 1 baths \| 1,076 sq.ft.	$175,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 2.78% Airbnb Rental Income: $852 Traditional Rental Income: $1134 Airbnb ROI: -0.9% Traditional ROI: 2.78%
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.	$244,900	Airbnb cash on cash: 0.44% Traditional cash on cash: 5.01% Airbnb Rental Income: $1342 Traditional Rental Income: $1987 Airbnb ROI: 0.44% Traditional ROI: 5.01%
4217 W 90th St Sioux Falls, SD From relaxing evenings by the fire pit to bright, open living spaces inside, this home was...	3 beds \| 2 baths \| 1,270 sq.ft.	$430,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 2.76% Airbnb Rental Income: $1342 Traditional Rental Income: $2071 Airbnb ROI: -0.07% Traditional ROI: 2.76%
407 NE 17th Avenue Aberdeen, SD Stunning Tudor-style brick home in the sought-after C.C. Lee school district! This move-in...	5 beds \| 4 baths \| 3,536 sq.ft.	$439,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.86% Airbnb Rental Income: $null Traditional Rental Income: $3883 Airbnb ROI: N/A Traditional ROI: 6.86%
4620 E Hanna Cir Sioux Falls, SD This outstanding walkout bi-level home offers great living space and comfort. The gracious...	3 beds \| 2 baths \| 1,834 sq.ft.	$324,900	Airbnb cash on cash: 0.22% Traditional cash on cash: 5.47% Airbnb Rental Income: $1169 Traditional Rental Income: $2389 Airbnb ROI: 0.22% Traditional ROI: 5.47%
1221 Charles Street Spearfish, SD Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills. What a VIEW you ha...	3 beds \| 3 baths \| N/A	$449,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.84% Airbnb Rental Income: $1728 Traditional Rental Income: $2679 Airbnb ROI: 0.45% Traditional ROI: 3.84%
410 N Lake Dr Watertown, SD It's time to start looking forward to making summer memories with family! This darling lak...	3 beds \| 2 baths \| 1,336 sq.ft.	$485,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 2.54% Airbnb Rental Income: $832 Traditional Rental Income: $1975 Airbnb ROI: -0.7% Traditional ROI: 2.54%
504 Adam Ave Baltic, SD Welcome home to this beautiful property nestled in a charming small-town setting just minu...	4 beds \| 2 baths \| 1,596 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.65% Airbnb Rental Income: $null Traditional Rental Income: $2386 Airbnb ROI: N/A Traditional ROI: 5.65%
38608 129th Street Aberdeen, SD This is the property you have been waiting for!! This multi-level home with FOUR stalls of...	3 beds \| 2 baths \| 2,024 sq.ft.	$380,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 4.73% Airbnb Rental Income: $1180 Traditional Rental Income: $2466 Airbnb ROI: 0.04% Traditional ROI: 4.73%
11321 Gillette Prairie Rd Hill City, SD Listed by the Integrity Realty Team of the Black Hills ~ Jim Peterson and June Johnson ...	3 beds \| 2 baths \| 2,240 sq.ft.	$199,250	Airbnb cash on cash: 5.1% Traditional cash on cash: 9.03% Airbnb Rental Income: $2016 Traditional Rental Income: $2235 Airbnb ROI: 5.1% Traditional ROI: 9.03%
11298 Nevada Gulch Rd Lead, SD This great vacation home, OR home sweet home, is just minutes from the ski slopes, loads o...	3 beds \| 2 baths \| 1,248 sq.ft.	$369,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 3.63% Airbnb Rental Income: $1785 Traditional Rental Income: $1852 Airbnb ROI: 2.03% Traditional ROI: 3.63%
2917 E 18th St Sioux Falls, SD Welcome home to this charming east-side ranch that truly checks all the boxes! This adorab...	3 beds \| 1 baths \| 1,284 sq.ft.	$219,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 5.03% Airbnb Rental Income: $1169 Traditional Rental Income: $1573 Airbnb ROI: 1.25% Traditional ROI: 5.03%
226 SE 7th Avenue Aberdeen, SD Step into timeless charm in this beautifully maintained 11/2 story home located on a corne...	4 beds \| 2 baths \| 1,664 sq.ft.	$239,900	Airbnb cash on cash: 0.23% Traditional cash on cash: 4.97% Airbnb Rental Income: $1411 Traditional Rental Income: $2061 Airbnb ROI: 0.23% Traditional ROI: 4.97%
1306 S 2nd Street Aberdeen, SD Charming 1 1/2 story home features 3 bedrooms and an upstairs loft - updated kitchen (with...	4 beds \| 1 baths \| 2,024 sq.ft.	$184,900	Airbnb cash on cash: 2.73% Traditional cash on cash: 7.03% Airbnb Rental Income: $1411 Traditional Rental Income: $1743 Airbnb ROI: 2.73% Traditional ROI: 7.03%
2809 S Keyrell Dr Sioux Falls, SD Welcome to easy, elegant living in this beautifully designed slab-on-grade home offering 3...	3 beds \| 2 baths \| 1,616 sq.ft.	$419,900	Airbnb cash on cash: -0.01% Traditional cash on cash: 3.44% Airbnb Rental Income: $1372 Traditional Rental Income: $2311 Airbnb ROI: -0.01% Traditional ROI: 3.44%
11892 Katherine 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: 0.56% Traditional cash on cash: 1.76% Airbnb Rental Income: $3091 Traditional Rental Income: $3779 Airbnb ROI: 0.56% Traditional ROI: 1.76%
24842 Wild Turkey Dr Custer, SD COUNTRY LIVING AT ITS BEST! Located in the highly sought-after Fork Creek Subdivision with...	4 beds \| 3 baths \| 3,136 sq.ft.	$749,000	Airbnb cash on cash: 1.88% Traditional cash on cash: 3.05% Airbnb Rental Income: $3091 Traditional Rental Income: $3201 Airbnb ROI: 1.88% Traditional ROI: 3.05%

Real Estate investment in South Dakota

There are 4,383 properties available for sale in the state of South Dakota. Yankton, Box Elder and Lake City are the best rental property markets in South Dakota. The average median price of properties for sale in these cities are $302,250 and the average price per square foot is $0. Their average monthly cash on cash return is 3.33%.

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

There are 4,383 investment properties available for sale in South-dakota.

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

In 2026, Yankton (4%) and Box Elder (3%) 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

821 Montgomery St

Custer, SD

3 beds | 1 baths | 1,322 sq.ft.

$259,000

Airbnb cash on cash: 4.45%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $2318

Traditional Rental Income: $1688

Airbnb ROI: 4.45%

Traditional ROI: 4.23%

1016 SW 16th Avenue

Aberdeen, SD

4 beds | 2 baths | 1,976 sq.ft.

$322,000

Airbnb cash on cash: 0.71%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $1411

Traditional Rental Income: $2316

Airbnb ROI: 0.71%

Traditional ROI: 5.1%

11991 Oak Dr

Whitewood, SD

4 beds | 3 baths | 4,760 sq.ft.

$1,249,000

Airbnb cash on cash: -1.16%

Traditional cash on cash: 1.58%

Airbnb Rental Income: $285

Traditional Rental Income: $3228

Airbnb ROI: -1.16%

Traditional ROI: 1.58%

24799 457th Ave Ave

Colton, SD

2 beds | 1 baths | 1,108 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.04%

Airbnb Rental Income: $null

Traditional Rental Income: $1609

Airbnb ROI: N/A

Traditional ROI: 8.04%

3017 S Keyrell Dr

Sioux Falls, SD

5 beds | 3 baths | 1,956 sq.ft.

$378,000

Airbnb cash on cash: 0.27%

Traditional cash on cash: 5.83%

Airbnb Rental Income: $1422

Traditional Rental Income: $2968

Airbnb ROI: 0.27%

Traditional ROI: 5.83%

720 S Main St

Lennox, SD

2 beds | 1 baths | 1,048 sq.ft.

$189,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.15%

Airbnb Rental Income: $null

Traditional Rental Income: $1519

Airbnb ROI: N/A

Traditional ROI: 5.15%

1010 S Main Street

Aberdeen, SD

N/A beds | N/A baths | N/A

$309,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.83%

Airbnb Rental Income: $null

Traditional Rental Income: $1225

Airbnb ROI: N/A

Traditional ROI: 0.83%

1229 Beach Ave SE

Huron, SD

2 beds | 1 baths | 1,584 sq.ft.

$169,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 3.87%

Airbnb Rental Income: $807

Traditional Rental Income: $1041

Airbnb ROI: 0.41%