Real Estate Investment Properties for Sale in Watertown, SD

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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: -0.17% Traditional cash on cash: 2.54% Airbnb Rental Income: $1121 Traditional Rental Income: $1975 Airbnb ROI: -0.17% Traditional ROI: 2.54%
17438 449th Ave Watertown, SD	5 beds \| 2 baths \| 2,336 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.96% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 4.96%
556 N Lake Dr Watertown, SD	3 beds \| 2 baths \| 2,528 sq.ft.	$659,900	Airbnb cash on cash: -1.24% Traditional cash on cash: 1.26% Airbnb Rental Income: $1121 Traditional Rental Income: $2286 Airbnb ROI: -1.24% Traditional ROI: 1.26%
2406 S Serenity Dr Watertown, SD	5 beds \| 2 baths \| 4,024 sq.ft.	$579,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.64% Airbnb Rental Income: $null Traditional Rental Income: $2340 Airbnb ROI: N/A Traditional ROI: 1.64%
148 Meadow Dr Watertown, SD	2 beds \| 2 baths \| 1,546 sq.ft.	$354,900	Airbnb cash on cash: -1.31% Traditional cash on cash: 3.47% Airbnb Rental Income: $932 Traditional Rental Income: $2180 Airbnb ROI: -1.31% Traditional ROI: 3.47%
3901 20th Ave SW Watertown, SD	4 beds \| 4 baths \| 4,680 sq.ft.	$799,900	Airbnb cash on cash: -1.11% Traditional cash on cash: 2.11% Airbnb Rental Income: $1407 Traditional Rental Income: $3378 Airbnb ROI: -1.11% Traditional ROI: 2.11%
16766 456th Ave Watertown, SD	4 beds \| 2 baths \| 3,428 sq.ft.	$749,900	Airbnb cash on cash: -1.03% Traditional cash on cash: 0.65% Airbnb Rental Income: $1407 Traditional Rental Income: $2158 Airbnb ROI: -1.03% Traditional ROI: 0.65%
1329 Harmony Ln Watertown, SD	4 beds \| 2 baths \| 2,174 sq.ft.	$349,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 4.46% Airbnb Rental Income: $1407 Traditional Rental Income: $2313 Airbnb ROI: 0.41% Traditional ROI: 4.46%
620 N Lake Dr Watertown, SD	4 beds \| 3 baths \| 5,574 sq.ft.	$1,399,000	Airbnb cash on cash: -1.62% Traditional cash on cash: -0.16% Airbnb Rental Income: $1407 Traditional Rental Income: $2885 Airbnb ROI: -1.62% Traditional ROI: -0.16%
4226 11th Ave NW Watertown, SD	4 beds \| 3 baths \| 4,902 sq.ft.	$750,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 1.72% Airbnb Rental Income: $1407 Traditional Rental Income: $2901 Airbnb ROI: -1.03% Traditional ROI: 1.72%
TBD Kaylee Ct Watertown, SD	3 beds \| 2 baths \| 1,984 sq.ft.	$469,900	Airbnb cash on cash: -0.27% Traditional cash on cash: 2.86% Airbnb Rental Income: $1407 Traditional Rental Income: $2362 Airbnb ROI: -0.27% Traditional ROI: 2.86%
32 26th St SW Watertown, SD	3 beds \| 2 baths \| 1,328 sq.ft.	$309,900	Airbnb cash on cash: -0.06% Traditional cash on cash: 4.46% Airbnb Rental Income: $1121 Traditional Rental Income: $2062 Airbnb ROI: -0.06% Traditional ROI: 4.46%
Elkhorn Plan Watertown, SD	3 beds \| 2 baths \| 1,382 sq.ft.	$306,900	Airbnb cash on cash: -0.04% Traditional cash on cash: 4.26% Airbnb Rental Income: $1121 Traditional Rental Income: $1986 Airbnb ROI: -0.04% Traditional ROI: 4.26%
735 C Ave NE Watertown, SD	3 beds \| 3 baths \| 1,754 sq.ft.	$300,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 6.27% Airbnb Rental Income: $1121 Traditional Rental Income: $2512 Airbnb ROI: 0.01% Traditional ROI: 6.27%
1709 Bruhn Ave NE Watertown, SD	3 beds \| 3 baths \| 3,272 sq.ft.	$399,900	Airbnb cash on cash: -0.56% Traditional cash on cash: 4.39% Airbnb Rental Income: $1121 Traditional Rental Income: $2600 Airbnb ROI: -0.56% Traditional ROI: 4.39%
Stony Point Trl Watertown, SD	2 beds \| 1 baths \| 575 sq.ft.	$110,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 6.1% Airbnb Rental Income: $932 Traditional Rental Income: $1355 Airbnb ROI: -1.11% Traditional ROI: 6.1%
724 Stony Point Trl #313 Watertown, SD	3 beds \| 2 baths \| 1,730 sq.ft.	$429,900	Airbnb cash on cash: -2.46% Traditional cash on cash: 1.51% Airbnb Rental Income: $1121 Traditional Rental Income: $2341 Airbnb ROI: -2.46% Traditional ROI: 1.51%
2258 Overlook Rdg Ct Watertown, SD	3 beds \| 2 baths \| 1,716 sq.ft.	$499,900	Airbnb cash on cash: -0.95% Traditional cash on cash: 2.63% Airbnb Rental Income: $1121 Traditional Rental Income: $2419 Airbnb ROI: -0.95% Traditional ROI: 2.63%
3105 7th St SW Watertown, SD	4 beds \| 3 baths \| 3,072 sq.ft.	$529,900	Airbnb cash on cash: -0.5% Traditional cash on cash: 3.68% Airbnb Rental Income: $1407 Traditional Rental Income: $3055 Airbnb ROI: -0.5% Traditional ROI: 3.68%
Timberwolf Plan Watertown, SD	3 beds \| 2 baths \| 1,382 sq.ft.	$326,708	Airbnb cash on cash: -0.17% Traditional cash on cash: 3.87% Airbnb Rental Income: $1121 Traditional Rental Income: $1986 Airbnb ROI: -0.17% Traditional ROI: 3.87%
724 Stony Point Trl #407 Watertown, SD	3 beds \| 2 baths \| 1,730 sq.ft.	$405,000	Airbnb cash on cash: -2.47% Traditional cash on cash: 1.98% Airbnb Rental Income: $1121 Traditional Rental Income: $2434 Airbnb ROI: -2.47% Traditional ROI: 1.98%
120 42nd St SW Watertown, SD	4 beds \| 4 baths \| 3,801 sq.ft.	$849,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 1.9% Airbnb Rental Income: $1407 Traditional Rental Income: $3415 Airbnb ROI: -1.18% Traditional ROI: 1.9%
721 E Kemp Ave Watertown, SD	3 beds \| 2 baths \| 2,713 sq.ft.	$199,900	Airbnb cash on cash: 2.4% Traditional cash on cash: 9.27% Airbnb Rental Income: $1407 Traditional Rental Income: $2286 Airbnb ROI: 2.4% Traditional ROI: 9.27%
1330 12th St NE Watertown, SD	4 beds \| 3 baths \| 3,150 sq.ft.	$495,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 3.78% Airbnb Rental Income: $1407 Traditional Rental Income: $2908 Airbnb ROI: -0.37% Traditional ROI: 3.78%
612 E Kemp Ave Watertown, SD	6 beds \| 3 baths \| 2,446 sq.ft.	$299,990	Airbnb cash on cash: 0.86% Traditional cash on cash: 7.43% Airbnb Rental Income: $1407 Traditional Rental Income: $2840 Airbnb ROI: 0.86% Traditional ROI: 7.43%
1700 Grant Dr Watertown, SD	3 beds \| 2 baths \| 1,456 sq.ft.	$349,900	Airbnb cash on cash: -0.31% Traditional cash on cash: 4.08% Airbnb Rental Income: $1121 Traditional Rental Income: $2190 Airbnb ROI: -0.31% Traditional ROI: 4.08%
693 Kaylee Ct Watertown, SD	3 beds \| 2 baths \| 1,659 sq.ft.	$405,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 3.06% Airbnb Rental Income: $1121 Traditional Rental Income: $2128 Airbnb ROI: -0.58% Traditional ROI: 3.06%
315 Summerwood Dr Watertown, SD	4 beds \| 3 baths \| 2,352 sq.ft.	$389,900	Airbnb cash on cash: -0.62% Traditional cash on cash: 4.02% Airbnb Rental Income: $1407 Traditional Rental Income: $2680 Airbnb ROI: -0.62% Traditional ROI: 4.02%
1804 4H St NW Watertown, SD	2 beds \| 2 baths \| 1,384 sq.ft.	$299,900	Airbnb cash on cash: -0.54% Traditional cash on cash: 4.57% Airbnb Rental Income: $932 Traditional Rental Income: $2031 Airbnb ROI: -0.54% Traditional ROI: 4.57%
525 54th St NW #1 Watertown, SD	3 beds \| 2 baths \| 1,443 sq.ft.	$329,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 4.63% Airbnb Rental Income: $1121 Traditional Rental Income: $2242 Airbnb ROI: -0.19% Traditional ROI: 4.63%
Cloverleaf Plan Watertown, SD	3 beds \| 2 baths \| 1,344 sq.ft.	$329,434	Airbnb cash on cash: -0.19% Traditional cash on cash: 3.6% Airbnb Rental Income: $1121 Traditional Rental Income: $1919 Airbnb ROI: -0.19% Traditional ROI: 3.6%
724 Stony Point Trl #103 Watertown, SD	3 beds \| 2 baths \| 1,731 sq.ft.	$379,900	Airbnb cash on cash: -0.47% Traditional cash on cash: 4.27% Airbnb Rental Income: $1121 Traditional Rental Income: $2434 Airbnb ROI: -0.47% Traditional ROI: 4.27%
724 Stony Point 1 Trl Watertown, SD	2 beds \| 2 baths \| 1,940 sq.ft.	$674,900	Airbnb cash on cash: -1.52% Traditional cash on cash: 1.53% Airbnb Rental Income: $932 Traditional Rental Income: $2505 Airbnb ROI: -1.52% Traditional ROI: 1.53%
The Bison Plan Watertown, SD	4 beds \| 2 baths \| 2,046 sq.ft.	$341,852	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.5% Airbnb Rental Income: $1407 Traditional Rental Income: $2276 Airbnb ROI: 0.48% Traditional ROI: 4.5%
Hawthorne Plan Watertown, SD	3 beds \| 2 baths \| 1,327 sq.ft.	$320,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.64% Airbnb Rental Income: $1121 Traditional Rental Income: $1878 Airbnb ROI: -0.13% Traditional ROI: 3.64%
TBD 17th Ave SW Watertown, SD	N/A beds \| N/A baths \| N/A	$95,000	Airbnb cash on cash: -3.58% Traditional cash on cash: 4.95% Airbnb Rental Income: $194 Traditional Rental Income: $762 Airbnb ROI: -3.58% Traditional ROI: 4.95%
217-225 8th Ave SE Watertown, SD	N/A beds \| N/A baths \| N/A	$159,000	Airbnb cash on cash: -3.08% Traditional cash on cash: 2.11% Airbnb Rental Income: $194 Traditional Rental Income: $762 Airbnb ROI: -3.08% Traditional ROI: 2.11%
15th Ave SE Watertown, SD	N/A beds \| N/A baths \| N/A	$199,900	Airbnb cash on cash: -2.92% Traditional cash on cash: 1.24% Airbnb Rental Income: $194 Traditional Rental Income: $762 Airbnb ROI: -2.92% Traditional ROI: 1.24%
L9 B3 17th St SW Watertown, SD	N/A beds \| N/A baths \| N/A	$115,000	Airbnb cash on cash: -3.37% Traditional cash on cash: 3.73% Airbnb Rental Income: $194 Traditional Rental Income: $762 Airbnb ROI: -3.37% Traditional ROI: 3.73%
L15 B3 18th Ave SW Watertown, SD	N/A beds \| N/A baths \| N/A	$300,000	Airbnb cash on cash: -2.72% Traditional cash on cash: 0.07% Airbnb Rental Income: $194 Traditional Rental Income: $762 Airbnb ROI: -2.72% Traditional ROI: 0.07%

Real Estate investment in Watertown, SD

There are 167 properties for sale in the city of Watertown . The median list price in Watertown is $348,671 and the average price per square foot is $153. In May 2026, the average monthly cash on cash return in Watertown is 4.00%. The average monthly rental income in Watertown is $1,986.

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

There are 167 investment properties available for sale in Watertown.

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

The ROI for Long-Term is higher than the Short-Term in Watertown with average rental income of $1,986.

Your search for investment property begins and ends here

Investment Property for Sale in Watertown, SD

410 N Lake Dr

Watertown, SD

3 beds | 2 baths | 1,336 sq.ft.

$485,000

Airbnb cash on cash: -0.17%

Traditional cash on cash: 2.54%

Airbnb Rental Income: $1121

Traditional Rental Income: $1975

Airbnb ROI: -0.17%

Traditional ROI: 2.54%

17438 449th Ave

Watertown, SD

5 beds | 2 baths | 2,336 sq.ft.

$329,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.96%

Airbnb Rental Income: $null

Traditional Rental Income: $2344

Airbnb ROI: N/A

Traditional ROI: 4.96%

556 N Lake Dr

Watertown, SD

3 beds | 2 baths | 2,528 sq.ft.

$659,900

Airbnb cash on cash: -1.24%

Traditional cash on cash: 1.26%

Airbnb Rental Income: $1121

Traditional Rental Income: $2286

Airbnb ROI: -1.24%

Traditional ROI: 1.26%

2406 S Serenity Dr

Watertown, SD

5 beds | 2 baths | 4,024 sq.ft.

$579,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.64%

Airbnb Rental Income: $null

Traditional Rental Income: $2340

Airbnb ROI: N/A

Traditional ROI: 1.64%

148 Meadow Dr

Watertown, SD

2 beds | 2 baths | 1,546 sq.ft.

$354,900

Airbnb cash on cash: -1.31%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $932

Traditional Rental Income: $2180

Airbnb ROI: -1.31%

Traditional ROI: 3.47%

3901 20th Ave SW

Watertown, SD

4 beds | 4 baths | 4,680 sq.ft.

$799,900

Airbnb cash on cash: -1.11%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $1407

Traditional Rental Income: $3378

Airbnb ROI: -1.11%

Traditional ROI: 2.11%

16766 456th Ave

Watertown, SD

4 beds | 2 baths | 3,428 sq.ft.

$749,900

Airbnb cash on cash: -1.03%

Traditional cash on cash: 0.65%

Airbnb Rental Income: $1407

Traditional Rental Income: $2158

Airbnb ROI: -1.03%

Traditional ROI: 0.65%

1329 Harmony Ln

Watertown, SD

4 beds | 2 baths | 2,174 sq.ft.

$349,900

Airbnb cash on cash: 0.41%

Traditional cash on cash: 4.46%

Airbnb Rental Income: $1407

Traditional Rental Income: $2313

Airbnb ROI: 0.41%