Real Estate Investment Properties for Sale in Mitchell, SD

Looking for investment property in Mitchell, SD with high ROI ?

Explore a variety of short-term homes & houses in Mitchell, SD. Invest wisely with VRBO & Mitchell, SD 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 Mitchell, SD

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
40580 250th St Mitchell, SD Here's a once in a lifetime property that will be sure to impress! This property sits on o...	4 beds \| N/A baths \| 10,065 sq.ft.	$2,390,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.34% Airbnb Rental Income: $null Traditional Rental Income: $2395 Airbnb ROI: N/A Traditional ROI: -0.34%
401 E 13th Ave Mitchell, SD A Beautiful 4 Bedroom, 2 Bathroom Move-in Condition Home on Corner Lot. Newer Furnace, C-A...	4 beds \| 2 baths \| 2,406 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.99% Airbnb Rental Income: $null Traditional Rental Income: $2495 Airbnb ROI: N/A Traditional ROI: 5.99%
511 W 4th Ave Mitchell, SD Beautiful 3 bedroom, 2.5 bathroom home has had many improvements including kitchen remodel...	3 beds \| 2 baths \| 1,425 sq.ft.	$234,900	Airbnb cash on cash: 1.29% Traditional cash on cash: 6.02% Airbnb Rental Income: $1144 Traditional Rental Income: $1816 Airbnb ROI: 1.29% Traditional ROI: 6.02%
615 E 5th Ave Mitchell, SD Boasting an array of modern finishes and a thoughtful open plan layout, this immaculate 3 ...	3 beds \| 1 baths \| 1,872 sq.ft.	$274,500	Airbnb cash on cash: 0.86% Traditional cash on cash: 3.67% Airbnb Rental Income: $1144 Traditional Rental Income: $1490 Airbnb ROI: 0.86% Traditional ROI: 3.67%
604 Doris Dr Mitchell, SD Magnificent home perfect for entertaining w/large inviting open floor plan on a corner lot...	2 beds \| N/A baths \| 1,773 sq.ft.	$489,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 2.14% Airbnb Rental Income: $1289 Traditional Rental Income: $2124 Airbnb ROI: -0.57% Traditional ROI: 2.14%
800 W 5th Ave Mitchell, SD Welcome Home! This updated 3 bedroom, 1 bathroom home is yours for the taking! Completely ...	3 beds \| N/A baths \| 1,183 sq.ft.	$199,900	Airbnb cash on cash: 1.71% Traditional cash on cash: 4.46% Airbnb Rental Income: $1144 Traditional Rental Income: $1285 Airbnb ROI: 1.71% Traditional ROI: 4.46%
915 University Blvd Mitchell, SD Historic charm meets modern living. Spacious 4 bedroom home with 3.5 baths and updated liv...	4 beds \| 3 baths \| 3,172 sq.ft.	$529,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.93% Airbnb Rental Income: $null Traditional Rental Income: $3879 Airbnb ROI: N/A Traditional ROI: 5.93%
1516 Deerfield Ln Ln Mitchell, SD This country home features 4+ bedrooms and 3 bathrooms, nestled on approximately 2.51 +/- ...	4 beds \| 3 baths \| 3,986 sq.ft.	$800,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.17% Airbnb Rental Income: $null Traditional Rental Income: $2973 Airbnb ROI: N/A Traditional ROI: 2.17%
711 W 16th Ave Ave Mitchell, SD Discover this spacious 2,700 sq. ft. twin home, perfect for living! 4 bedrooms and 2 bathr...	4 beds \| 2 baths \| 2,700 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.28% Airbnb Rental Income: $null Traditional Rental Income: $2584 Airbnb ROI: N/A Traditional ROI: 5.28%
401 E 12th Ave Ave Mitchell, SD Well-maintained 2-bedroom ranch w/ extensive updates & smart-home features. Drivit siding ...	2 beds \| 1 baths \| 920 sq.ft.	$164,500	Airbnb cash on cash: 2.57% Traditional cash on cash: 5% Airbnb Rental Income: $1289 Traditional Rental Income: $1268 Airbnb ROI: 2.57% Traditional ROI: 5%
211 W 15th Ave Mitchell, SD	5 beds \| 3 baths \| 2,621 sq.ft.	$285,000	Airbnb cash on cash: 5.06% Traditional cash on cash: 6.71% Airbnb Rental Income: $2708 Traditional Rental Income: $2511 Airbnb ROI: 5.06% Traditional ROI: 6.71%
410 Nathan Ave Mitchell, SD	3 beds \| N/A baths \| 2,429 sq.ft.	$349,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 2.03% Airbnb Rental Income: $1144 Traditional Rental Income: $1512 Airbnb ROI: -0.25% Traditional ROI: 2.03%
1525 Nagle Ln Mitchell, SD	3 beds \| 2 baths \| 1,200 sq.ft.	$270,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 2.72% Airbnb Rental Income: $1144 Traditional Rental Income: $1371 Airbnb ROI: 0.34% Traditional ROI: 2.72%
1117 S Anderson St Mitchell, SD	2 beds \| 2 baths \| 1,368 sq.ft.	$285,900	Airbnb cash on cash: 0.65% Traditional cash on cash: 2.88% Airbnb Rental Income: $1289 Traditional Rental Income: $1487 Airbnb ROI: 0.65% Traditional ROI: 2.88%
1119 S Anderson St Mitchell, SD	2 beds \| 2 baths \| 1,368 sq.ft.	$283,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 2.92% Airbnb Rental Income: $1289 Traditional Rental Income: $1487 Airbnb ROI: 0.67% Traditional ROI: 2.92%
25461 403rd Ave Mitchell, SD	N/A beds \| N/A baths \| 0 sq.ft.	$254,840	Airbnb cash on cash: N/A Traditional cash on cash: 1.4% Airbnb Rental Income: $null Traditional Rental Income: $981 Airbnb ROI: N/A Traditional ROI: 1.4%
Lot 4 Rumley Ct Mitchell, SD	N/A beds \| N/A baths \| 0 sq.ft.	$79,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.11% Airbnb Rental Income: $null Traditional Rental Income: $745 Airbnb ROI: N/A Traditional ROI: 6.11%
Deer Valley Cir Mitchell, SD	N/A beds \| N/A baths \| 0 sq.ft.	$59,800	Airbnb cash on cash: N/A Traditional cash on cash: 8.61% Airbnb Rental Income: $null Traditional Rental Income: $745 Airbnb ROI: N/A Traditional ROI: 8.61%
Hillside Dr Mitchell, SD	N/A beds \| N/A baths \| 0 sq.ft.	$79,800	Airbnb cash on cash: N/A Traditional cash on cash: 6.03% Airbnb Rental Income: $null Traditional Rental Income: $745 Airbnb ROI: N/A Traditional ROI: 6.03%
124 E 1st Ave Mitchell, SD	N/A beds \| N/A baths \| 0 sq.ft.	$60,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.56% Airbnb Rental Income: $null Traditional Rental Income: $745 Airbnb ROI: N/A Traditional ROI: 8.56%
Cedar Ridge Cir Mitchell, SD	N/A beds \| N/A baths \| 0 sq.ft.	$105,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.39% Airbnb Rental Income: $null Traditional Rental Income: $467 Airbnb ROI: N/A Traditional ROI: 1.39%
118 E 1st Ave Mitchell, SD	N/A beds \| N/A baths \| 0 sq.ft.	$61,250	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $445 Airbnb ROI: N/A Traditional ROI: 3.47%
Prairie Hills Dr Mitchell, SD	N/A beds \| N/A baths \| 0 sq.ft.	$69,800	Airbnb cash on cash: N/A Traditional cash on cash: 7.15% Airbnb Rental Income: $null Traditional Rental Income: $745 Airbnb ROI: N/A Traditional ROI: 7.15%
917 or 919 W 16th Ave Mitchell, SD	2 beds \| N/A baths \| 1,226 sq.ft.	$299,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 3.73% Airbnb Rental Income: $1289 Traditional Rental Income: $1788 Airbnb ROI: 0.52% Traditional ROI: 3.73%
40580 250th St St Mitchell, SD	5 beds \| 4 baths \| 10,095 sq.ft.	$2,495,000	Airbnb cash on cash: -1.45% Traditional cash on cash: -0.97% Airbnb Rental Income: $2708 Traditional Rental Income: $3180 Airbnb ROI: -1.45% Traditional ROI: -0.97%
25805 W Enemy Creek LP Ln Mitchell, SD	5 beds \| 3 baths \| 3,656 sq.ft.	$725,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 1.37% Airbnb Rental Income: $2708 Traditional Rental Income: $2572 Airbnb ROI: 0.62% Traditional ROI: 1.37%
Ohlman Lot Mitchell, SD	N/A beds \| N/A baths \| 3,493 sq.ft.	$99,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.45% Airbnb Rental Income: $null Traditional Rental Income: $741 Airbnb ROI: N/A Traditional ROI: 4.45%
Tbd Cabela Dr Mitchell, SD	N/A beds \| N/A baths \| N/A	$759,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.77% Airbnb Rental Income: $null Traditional Rental Income: $467 Airbnb ROI: N/A Traditional ROI: -1.77%
110 E 54th Ave Mitchell, SD	N/A beds \| N/A baths \| N/A	$142,500	Airbnb cash on cash: N/A Traditional cash on cash: 0.45% Airbnb Rental Income: $null Traditional Rental Income: $467 Airbnb ROI: N/A Traditional ROI: 0.45%
TBD E Spruce St Mitchell, SD	N/A beds \| N/A baths \| N/A	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.15% Airbnb Rental Income: $null Traditional Rental Income: $469 Airbnb ROI: N/A Traditional ROI: -1.15%
SD Hwy 37 & E Spruce St Mitchell, SD	N/A beds \| N/A baths \| N/A	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: -2.01% Airbnb Rental Income: $null Traditional Rental Income: $467 Airbnb ROI: N/A Traditional ROI: -2.01%
711 W 16th Ave Mitchell, SD Discover this spacious 2,700 sq. ft. twin home, perfect for living! 4 bedrooms and 2 bathr...	4 beds \| 2 baths \| 2,700 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.74% Airbnb Rental Income: $null Traditional Rental Income: $2406 Airbnb ROI: N/A Traditional ROI: 4.74%
1516 Deerfield Ln Mitchell, SD This country home features 4+ beds & 3 baths, nestled on 2.51+/- acres. It boasts an open ...	4 beds \| 3 baths \| 3,986 sq.ft.	$800,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.83% Airbnb Rental Income: $null Traditional Rental Income: $2743 Airbnb ROI: N/A Traditional ROI: 1.83%
912 E 2nd Ave Mitchell, SD	3 beds \| 1 baths \| 1,728 sq.ft.	$214,500	Airbnb cash on cash: 1.01% Traditional cash on cash: 2.97% Airbnb Rental Income: $1144 Traditional Rental Income: $1162 Airbnb ROI: 1.01% Traditional ROI: 2.97%
TBD Commerce St Mitchell, SD	N/A beds \| N/A baths \| N/A	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.27% Airbnb Rental Income: $null Traditional Rental Income: $477 Airbnb ROI: N/A Traditional ROI: -1.27%
W Harmon Dr Mitchell, SD	N/A beds \| N/A baths \| N/A	$55,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.66% Airbnb Rental Income: $null Traditional Rental Income: $477 Airbnb ROI: N/A Traditional ROI: 4.66%
Bills Beach Rd Mitchell, SD	N/A beds \| N/A baths \| N/A	$39,800	Airbnb cash on cash: N/A Traditional cash on cash: 7.07% Airbnb Rental Income: $null Traditional Rental Income: $479 Airbnb ROI: N/A Traditional ROI: 7.07%
Canal Cir Mitchell, SD	N/A beds \| N/A baths \| N/A	$99,800	Airbnb cash on cash: N/A Traditional cash on cash: 1.68% Airbnb Rental Income: $null Traditional Rental Income: $477 Airbnb ROI: N/A Traditional ROI: 1.68%
E Hwy 38 Blvd Mitchell, SD	N/A beds \| N/A baths \| N/A	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.28% Airbnb Rental Income: $null Traditional Rental Income: $563 Airbnb ROI: N/A Traditional ROI: -1.28%
2800 Cottonwood Cir Mitchell, SD	3 beds \| 2 baths \| 1,750 sq.ft.	$415,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 2.6% Airbnb Rental Income: $1144 Traditional Rental Income: $1998 Airbnb ROI: -0.57% Traditional ROI: 2.6%

Real Estate investment in Mitchell, SD

There are 132 properties for sale in the city of Mitchell . The median list price in Mitchell is $237,308 and the average price per square foot is $126. In September 2026, the average monthly cash on cash return in Mitchell is 4.00%. The average monthly rental income in Mitchell is $1,490.

Mitchell, SD Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 132 investment properties available for sale in Mitchell.

In 2026, the best neighborhood to buy investment property is Mitchell.

The ROI for Long-Term is higher than the Short-Term in Mitchell with average rental income of $1,490.

Your search for investment property begins and ends here

Investment Property for Sale in Mitchell, SD

40580 250th St

Mitchell, SD

4 beds | N/A baths | 10,065 sq.ft.

$2,390,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.34%

Airbnb Rental Income: $null

Traditional Rental Income: $2395

Airbnb ROI: N/A

Traditional ROI: -0.34%

401 E 13th Ave

Mitchell, SD

4 beds | 2 baths | 2,406 sq.ft.

$329,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.99%

Airbnb Rental Income: $null

Traditional Rental Income: $2495

Airbnb ROI: N/A

Traditional ROI: 5.99%

511 W 4th Ave

Mitchell, SD

3 beds | 2 baths | 1,425 sq.ft.

$234,900

Airbnb cash on cash: 1.29%

Traditional cash on cash: 6.02%

Airbnb Rental Income: $1144

Traditional Rental Income: $1816

Airbnb ROI: 1.29%

Traditional ROI: 6.02%

615 E 5th Ave

Mitchell, SD

3 beds | 1 baths | 1,872 sq.ft.

$274,500

Airbnb cash on cash: 0.86%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $1144

Traditional Rental Income: $1490

Airbnb ROI: 0.86%

Traditional ROI: 3.67%

604 Doris Dr

Mitchell, SD

2 beds | N/A baths | 1,773 sq.ft.

$489,000

Airbnb cash on cash: -0.57%

Traditional cash on cash: 2.14%

Airbnb Rental Income: $1289

Traditional Rental Income: $2124

Airbnb ROI: -0.57%

Traditional ROI: 2.14%

800 W 5th Ave

Mitchell, SD

3 beds | N/A baths | 1,183 sq.ft.

$199,900

Airbnb cash on cash: 1.71%

Traditional cash on cash: 4.46%

Airbnb Rental Income: $1144

Traditional Rental Income: $1285

Airbnb ROI: 1.71%

Traditional ROI: 4.46%

915 University Blvd

Mitchell, SD

4 beds | 3 baths | 3,172 sq.ft.

$529,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.93%

Airbnb Rental Income: $null

Traditional Rental Income: $3879

Airbnb ROI: N/A

Traditional ROI: 5.93%

1516 Deerfield Ln Ln

Mitchell, SD

4 beds | 3 baths | 3,986 sq.ft.

$800,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.17%

Airbnb Rental Income: $null

Traditional Rental Income: $2973

Airbnb ROI: N/A