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
1945 31st St NE Watertown, SD Checkout the new updgrades!! Escape to peaceful country living with this well-maintained n...	2 beds \| 1 baths \| 1,000 sq.ft.	$549,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 1.86% Airbnb Rental Income: $1424 Traditional Rental Income: $1782 Airbnb ROI: 0.33% Traditional ROI: 1.86%
17438 449th Ave Watertown, SD	5 beds \| 2 baths \| 2,336 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.55% Airbnb Rental Income: $null Traditional Rental Income: $2344 Airbnb ROI: N/A Traditional ROI: 4.55%
556 N Lake Dr Watertown, SD	3 beds \| 2 baths \| 2,528 sq.ft.	$664,900	Airbnb cash on cash: -0.84% Traditional cash on cash: 1.23% Airbnb Rental Income: $1424 Traditional Rental Income: $2286 Airbnb ROI: -0.84% Traditional ROI: 1.23%
2406 S Serenity Dr Watertown, SD	5 beds \| 2 baths \| 4,024 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.17% Airbnb Rental Income: $null Traditional Rental Income: $2340 Airbnb ROI: N/A Traditional ROI: 1.17%
414 30th St NW Watertown, SD	4 beds \| 3 baths \| 2,576 sq.ft.	$359,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 5.67% Airbnb Rental Income: $1927 Traditional Rental Income: $2779 Airbnb ROI: 1.63% Traditional ROI: 5.67%
148 Meadow Dr Watertown, SD	2 beds \| 2 baths \| 1,546 sq.ft.	$364,900	Airbnb cash on cash: -0.55% Traditional cash on cash: 3.31% Airbnb Rental Income: $1254 Traditional Rental Income: $2180 Airbnb ROI: -0.55% Traditional ROI: 3.31%
3901 20th Ave SW Watertown, SD	4 beds \| 4 baths \| 4,680 sq.ft.	$799,900	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.11% Airbnb Rental Income: $1927 Traditional Rental Income: $3378 Airbnb ROI: -0.52% Traditional ROI: 2.11%
502 Kaylee Ct Watertown, SD	3 beds \| 2 baths \| 1,708 sq.ft.	$405,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 3.53% Airbnb Rental Income: $1927 Traditional Rental Income: $2305 Airbnb ROI: 1.19% Traditional ROI: 3.53%
16766 456th Ave Watertown, SD	4 beds \| 2 baths \| 3,428 sq.ft.	$799,900	Airbnb cash on cash: -0.52% Traditional cash on cash: 0.47% Airbnb Rental Income: $1927 Traditional Rental Income: $2158 Airbnb ROI: -0.52% Traditional ROI: 0.47%
1329 Harmony Ln Watertown, SD	4 beds \| 2 baths \| 2,174 sq.ft.	$369,900	Airbnb cash on cash: 1.52% Traditional cash on cash: 4.1% Airbnb Rental Income: $1927 Traditional Rental Income: $2313 Airbnb ROI: 1.52% Traditional ROI: 4.1%
620 N Lake Dr Watertown, SD	4 beds \| 3 baths \| 5,574 sq.ft.	$1,425,000	Airbnb cash on cash: -1.3% Traditional cash on cash: -0.19% Airbnb Rental Income: $1927 Traditional Rental Income: $2885 Airbnb ROI: -1.3% Traditional ROI: -0.19%
4226 11th Ave NW Watertown, SD	4 beds \| 3 baths \| 4,902 sq.ft.	$750,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 1.72% Airbnb Rental Income: $1927 Traditional Rental Income: $2901 Airbnb ROI: -0.41% Traditional ROI: 1.72%
2424 10th Ave NE Watertown, SD	4 beds \| 3 baths \| 2,802 sq.ft.	$429,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.6% Airbnb Rental Income: $1927 Traditional Rental Income: $2870 Airbnb ROI: 0.99% Traditional ROI: 4.6%
2602 1st Ave SW Watertown, SD	2 beds \| 2 baths \| 1,477 sq.ft.	$359,900	Airbnb cash on cash: -0.04% Traditional cash on cash: 3.74% Airbnb Rental Income: $1254 Traditional Rental Income: $2132 Airbnb ROI: -0.04% Traditional ROI: 3.74%
TBD Kaylee Ct Watertown, SD	3 beds \| 2 baths \| 1,984 sq.ft.	$459,900	Airbnb cash on cash: -0.53% Traditional cash on cash: 2.97% Airbnb Rental Income: $1254 Traditional Rental Income: $2362 Airbnb ROI: -0.53% Traditional ROI: 2.97%
1116 Riverview Ct N Watertown, SD	4 beds \| 3 baths \| 2,317 sq.ft.	$219,900	Airbnb cash on cash: 1.94% Traditional cash on cash: 9.26% Airbnb Rental Income: $1424 Traditional Rental Income: $2564 Airbnb ROI: 1.94% Traditional ROI: 9.26%
32 26th St SW Watertown, SD	3 beds \| 2 baths \| 1,328 sq.ft.	$309,900	Airbnb cash on cash: 0.81% Traditional cash on cash: 4.46% Airbnb Rental Income: $1424 Traditional Rental Income: $2062 Airbnb ROI: 0.81% Traditional ROI: 4.46%
128 27th St Watertown, SD	3 beds \| 2 baths \| 1,452 sq.ft.	$339,900	Airbnb cash on cash: 0.54% Traditional cash on cash: 4.25% Airbnb Rental Income: $1424 Traditional Rental Income: $2185 Airbnb ROI: 0.54% Traditional ROI: 4.25%
2620 2nd Ave NW Watertown, SD	3 beds \| 1 baths \| 1,348 sq.ft.	$339,900	Airbnb cash on cash: 0.54% Traditional cash on cash: 2.87% Airbnb Rental Income: $1424 Traditional Rental Income: $1743 Airbnb ROI: 0.54% Traditional ROI: 2.87%
Elkhorn Plan Watertown, SD	3 beds \| 2 baths \| 1,382 sq.ft.	$306,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 4.26% Airbnb Rental Income: $1424 Traditional Rental Income: $1986 Airbnb ROI: 0.84% Traditional ROI: 4.26%
1154 3rd St NW Watertown, SD	3 beds \| 1 baths \| 988 sq.ft.	$225,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 4.25% Airbnb Rental Income: $1424 Traditional Rental Income: $1487 Airbnb ROI: 1.95% Traditional ROI: 4.25%
735 C Ave NE Watertown, SD	3 beds \| 3 baths \| 1,754 sq.ft.	$300,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 6.27% Airbnb Rental Income: $1424 Traditional Rental Income: $2512 Airbnb ROI: 0.91% Traditional ROI: 6.27%
1709 Bruhn Ave NE Watertown, SD	3 beds \| 3 baths \| 3,272 sq.ft.	$425,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 4% Airbnb Rental Income: $1424 Traditional Rental Income: $2600 Airbnb ROI: -0.03% Traditional ROI: 4%
Stony Point Trl Watertown, SD	2 beds \| 1 baths \| 575 sq.ft.	$110,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 6.1% Airbnb Rental Income: $1254 Traditional Rental Income: $1355 Airbnb ROI: 1.41% Traditional ROI: 6.1%
724 Stony Point Trl #313 Watertown, SD	3 beds \| 2 baths \| 1,730 sq.ft.	$439,900	Airbnb cash on cash: -1.84% Traditional cash on cash: 1.42% Airbnb Rental Income: $1424 Traditional Rental Income: $2341 Airbnb ROI: -1.84% Traditional ROI: 1.42%
2258 Overlook Rdg Ct Watertown, SD	3 beds \| 2 baths \| 1,716 sq.ft.	$529,900	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.35% Airbnb Rental Income: $1424 Traditional Rental Income: $2419 Airbnb ROI: -0.52% Traditional ROI: 2.35%
3105 7th St SW Watertown, SD	4 beds \| 3 baths \| 3,072 sq.ft.	$554,900	Airbnb cash on cash: 0.25% Traditional cash on cash: 3.41% Airbnb Rental Income: $1927 Traditional Rental Income: $3055 Airbnb ROI: 0.25% Traditional ROI: 3.41%
Timberwolf Plan Watertown, SD	3 beds \| 2 baths \| 1,382 sq.ft.	$326,708	Airbnb cash on cash: 0.65% Traditional cash on cash: 3.87% Airbnb Rental Income: $1424 Traditional Rental Income: $1986 Airbnb ROI: 0.65% Traditional ROI: 3.87%
724 Stony Point Trl #407 Watertown, SD	3 beds \| 2 baths \| 1,730 sq.ft.	$429,000	Airbnb cash on cash: -1.83% Traditional cash on cash: 1.74% Airbnb Rental Income: $1424 Traditional Rental Income: $2434 Airbnb ROI: -1.83% Traditional ROI: 1.74%
2017 Kemp Pl E Watertown, SD	3 beds \| 2 baths \| 1,561 sq.ft.	$399,900	Airbnb cash on cash: 0.05% Traditional cash on cash: 3.65% Airbnb Rental Income: $1424 Traditional Rental Income: $2346 Airbnb ROI: 0.05% Traditional ROI: 3.65%
120 42nd St SW Watertown, SD	4 beds \| 4 baths \| 3,801 sq.ft.	$897,900	Airbnb cash on cash: -0.72% Traditional cash on cash: 1.67% Airbnb Rental Income: $1927 Traditional Rental Income: $3415 Airbnb ROI: -0.72% Traditional ROI: 1.67%
1133 3rd Ave SE Watertown, SD	1 beds \| 1 baths \| 722 sq.ft.	$114,900	Airbnb cash on cash: -0.43% Traditional cash on cash: 5.69% Airbnb Rental Income: $584 Traditional Rental Income: $977 Airbnb ROI: -0.43% Traditional ROI: 5.69%
802 W Kemp Ave Watertown, SD	7 beds \| 3 baths \| 2,822 sq.ft.	$399,900	Airbnb cash on cash: -1.75% Traditional cash on cash: 5.23% Airbnb Rental Income: $584 Traditional Rental Income: $2917 Airbnb ROI: -1.75% Traditional ROI: 5.23%
721 E Kemp Ave Watertown, SD	3 beds \| 2 baths \| 2,713 sq.ft.	$209,900	Airbnb cash on cash: 2.26% Traditional cash on cash: 8.73% Airbnb Rental Income: $1424 Traditional Rental Income: $2286 Airbnb ROI: 2.26% Traditional ROI: 8.73%
521 E Kemp Ave Watertown, SD	5 beds \| 3 baths \| 3,945 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.42% Airbnb Rental Income: $null Traditional Rental Income: $3198 Airbnb ROI: N/A Traditional ROI: 7.42%
724 Stony Point Trl #24 Watertown, SD	4 beds \| 2 baths \| 1,907 sq.ft.	$694,900	Airbnb cash on cash: -1.45% Traditional cash on cash: 0.24% Airbnb Rental Income: $1927 Traditional Rental Income: $2513 Airbnb ROI: -1.45% Traditional ROI: 0.24%
1330 12th St NE Watertown, SD	4 beds \| 3 baths \| 3,150 sq.ft.	$495,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 3.78% Airbnb Rental Income: $1927 Traditional Rental Income: $2908 Airbnb ROI: 0.56% Traditional ROI: 3.78%
612 E Kemp Ave Watertown, SD	6 beds \| 3 baths \| 2,446 sq.ft.	$299,990	Airbnb cash on cash: 2.39% Traditional cash on cash: 7.43% Airbnb Rental Income: $1927 Traditional Rental Income: $2840 Airbnb ROI: 2.39% Traditional ROI: 7.43%
1700 Grant Dr Watertown, SD	3 beds \| 2 baths \| 1,456 sq.ft.	$349,900	Airbnb cash on cash: 0.46% Traditional cash on cash: 4.08% Airbnb Rental Income: $1424 Traditional Rental Income: $2190 Airbnb ROI: 0.46% Traditional ROI: 4.08%
1827 3rd St NW Watertown, SD	2 beds \| 2 baths \| 1,384 sq.ft.	$315,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 4.24% Airbnb Rental Income: $1254 Traditional Rental Income: $2031 Airbnb ROI: 0.28% Traditional ROI: 4.24%

Real Estate investment in Watertown, SD

There are 122 properties for sale in the city of Watertown . The median list price in Watertown is $325,854 and the average price per square foot is $158. In March 2026, the average monthly cash on cash return in Watertown is 4.00%. The average monthly rental income in Watertown is $1,782.

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

There are 122 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 $1,782.

Your search for investment property begins and ends here

Investment Property for Sale in Watertown, SD

1945 31st St NE

Watertown, SD

2 beds | 1 baths | 1,000 sq.ft.

$549,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 1.86%

Airbnb Rental Income: $1424

Traditional Rental Income: $1782

Airbnb ROI: 0.33%

Traditional ROI: 1.86%

17438 449th Ave

Watertown, SD

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

$349,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.55%

Airbnb Rental Income: $null

Traditional Rental Income: $2344

Airbnb ROI: N/A

Traditional ROI: 4.55%

556 N Lake Dr

Watertown, SD

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

$664,900

Airbnb cash on cash: -0.84%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $1424

Traditional Rental Income: $2286

Airbnb ROI: -0.84%

Traditional ROI: 1.23%

2406 S Serenity Dr

Watertown, SD

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

$599,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.17%

Airbnb Rental Income: $null

Traditional Rental Income: $2340

Airbnb ROI: N/A

Traditional ROI: 1.17%

414 30th St NW

Watertown, SD

4 beds | 3 baths | 2,576 sq.ft.

$359,000

Airbnb cash on cash: 1.63%

Traditional cash on cash: 5.67%

Airbnb Rental Income: $1927

Traditional Rental Income: $2779

Airbnb ROI: 1.63%

Traditional ROI: 5.67%

148 Meadow Dr

Watertown, SD

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

$364,900

Airbnb cash on cash: -0.55%

Traditional cash on cash: 3.31%

Airbnb Rental Income: $1254

Traditional Rental Income: $2180

Airbnb ROI: -0.55%

Traditional ROI: 3.31%

3901 20th Ave SW

Watertown, SD

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

$799,900

Airbnb cash on cash: -0.52%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $1927

Traditional Rental Income: $3378

Airbnb ROI: -0.52%

Traditional ROI: 2.11%

502 Kaylee Ct

Watertown, SD

3 beds | 2 baths | 1,708 sq.ft.

$405,000

Airbnb cash on cash: 1.19%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $1927

Traditional Rental Income: $2305

Airbnb ROI: 1.19%