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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
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.	$329,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 4.95% Airbnb Rental Income: $1411 Traditional Rental Income: $2316 Airbnb ROI: 0.67% Traditional ROI: 4.95%
11991 Oak Drive Whitewood, SD For more information, please contact listing agents Heath Gran or Scot Munro with Great Pe...	4 beds \| 3 baths \| N/A	$1,249,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 1.58% Airbnb Rental Income: $309 Traditional Rental Income: $3228 Airbnb ROI: -1.15% Traditional ROI: 1.58%
3712 S Hawthorne Ave Sioux Falls, SD Centrally located, Ranch-style home featuring 3 bedrooms and 1 full bath on the main floor...	3 beds \| 2 baths \| 912 sq.ft.	$259,900	Airbnb cash on cash: 0.52% Traditional cash on cash: 4.9% Airbnb Rental Income: $1071 Traditional Rental Income: $1776 Airbnb ROI: 0.52% Traditional ROI: 4.9%
2333 S Lawson Street Aberdeen, SD This spacious and inviting 5 Bed 3 Bath split-foyer offers room to live, relax and enterta...	5 beds \| 3 baths \| 2,892 sq.ft.	$434,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.11% Airbnb Rental Income: $null Traditional Rental Income: $3147 Airbnb ROI: N/A Traditional ROI: 5.11%
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: 0.77% Traditional cash on cash: 5.83% Airbnb Rental Income: $1635 Traditional Rental Income: $2968 Airbnb ROI: 0.77% 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%
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: 3.03% Traditional cash on cash: 10.11% Airbnb Rental Income: $1181 Traditional Rental Income: $1743 Airbnb ROI: 3.03% Traditional ROI: 10.11%
1205 Douglas Yankton, SD Step into timeless charm at 1205 Douglas in Yanktonâs most distinguished neighborhood. T...	4 beds \| N/A 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%
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.	$226,900	Airbnb cash on cash: 1.01% Traditional cash on cash: 5.5% Airbnb Rental Income: $1079 Traditional Rental Income: $1674 Airbnb ROI: 1.01% Traditional ROI: 5.5%
1009 Willow Drive Aberdeen, SD Welcome to this beautifully updated split-level gem offering 4 bedrooms, 3 bathrooms, a 4 ...	4 beds \| 3 baths \| 1,972 sq.ft.	$329,900	Airbnb cash on cash: 0.84% Traditional cash on cash: 6.4% Airbnb Rental Income: $1411 Traditional Rental Income: $2710 Airbnb ROI: 0.84% Traditional ROI: 6.4%
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: 0.54% Traditional cash on cash: 4.87% Airbnb Rental Income: $1458 Traditional Rental Income: $2711 Airbnb ROI: 0.54% 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%
2702 Railroad Circle Aberdeen, SD Pride of ownership is apparent in this turn-key condo! Pretty cherry cabinetry, updated ba...	2 beds \| 2 baths \| 2,792 sq.ft.	$339,900	Airbnb cash on cash: 0.1% Traditional cash on cash: 4.99% Airbnb Rental Income: $1181 Traditional Rental Income: $2356 Airbnb ROI: 0.1% Traditional ROI: 4.99%
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.	$310,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 8.12% Airbnb Rental Income: $1258 Traditional Rental Income: $2905 Airbnb ROI: 1.11% Traditional ROI: 8.12%
811 S Ibis Street Aberdeen, SD Experience the next level of luxury in Meadowlark Acres. This isn't just a new build; it's...	5 beds \| 4 baths \| 3,732 sq.ft.	$637,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.47% Airbnb Rental Income: $null Traditional Rental Income: $3972 Airbnb ROI: N/A Traditional ROI: 5.47%
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%
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: -1.33% Traditional cash on cash: 2.78% Airbnb Rental Income: $766 Traditional Rental Income: $1134 Airbnb ROI: -1.33% 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.	$249,900	Airbnb cash on cash: -0.55% Traditional cash on cash: 4.89% Airbnb Rental Income: $1071 Traditional Rental Income: $1987 Airbnb ROI: -0.55% Traditional ROI: 4.89%
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.	$439,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 2.68% Airbnb Rental Income: $1071 Traditional Rental Income: $2071 Airbnb ROI: -0.64% Traditional ROI: 2.68%
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.	$329,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 5.38% Airbnb Rental Income: $911 Traditional Rental Income: $2389 Airbnb ROI: -0.49% Traditional ROI: 5.38%
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: -0.68% Traditional cash on cash: 3.84% Airbnb Rental Income: $1158 Traditional Rental Income: $2679 Airbnb ROI: -0.68% Traditional ROI: 3.84%
117 Elizabeth Drive Aberdeen, SD Rare find in a quiet neighborhood! This move-in-ready home offers the convenience of 4 bed...	4 beds \| 2 baths \| 2,184 sq.ft.	$249,900	Airbnb cash on cash: 1.61% Traditional cash on cash: 7.91% Airbnb Rental Income: $1411 Traditional Rental Income: $2474 Airbnb ROI: 1.61% Traditional ROI: 7.91%
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: 0.23% Traditional cash on cash: 4.73% Airbnb Rental Income: $1258 Traditional Rental Income: $2466 Airbnb ROI: 0.23% Traditional ROI: 4.73%
608 S Highland Ave Sioux Falls, SD Welcome to this nicely updated 3-bedroom, 1-bath home located on the east side of town! Th...	3 beds \| 1 baths \| 1,030 sq.ft.	$205,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 3.19% Airbnb Rental Income: $911 Traditional Rental Income: $1429 Airbnb ROI: -1.22% Traditional ROI: 3.19%
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: 0.22% Traditional cash on cash: 5.03% Airbnb Rental Income: $911 Traditional Rental Income: $1573 Airbnb ROI: 0.22% 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: -0.73% Traditional cash on cash: 3.44% Airbnb Rental Income: $1032 Traditional Rental Income: $2311 Airbnb ROI: -0.73% Traditional ROI: 3.44%
11892 Katherine Court Custer, SD THIS IS A MUST-SEE PROPERTY!! Originally built by the Kirk Brothers as a dairy barn in 188...	4 beds \| 5 baths \| N/A	$1,249,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 1.76% Airbnb Rental Income: $2892 Traditional Rental Income: $3779 Airbnb ROI: 0.42% Traditional ROI: 1.76%
24842 Wild Turkey Drive Custer, SD COUNTRY LIVING AT ITS BEST! Located in the highly sought-after Fork Creek Subdivision with...	4 beds \| 3 baths \| N/A	$749,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 3.05% Airbnb Rental Income: $2892 Traditional Rental Income: $3201 Airbnb ROI: 1.65% Traditional ROI: 3.05%
1320 SW 3rd Avenue Aberdeen, SD Come check out this 2 bed, 1.5 bath home with updated paint & flooring. New gas furnace. g...	2 beds \| 2 baths \| 1,076 sq.ft.	$147,500	Airbnb cash on cash: 2.75% Traditional cash on cash: 8.13% Airbnb Rental Income: $1181 Traditional Rental Income: $1555 Airbnb ROI: 2.75% Traditional ROI: 8.13%
320 N Grange Ave Sioux Falls, SD Charming, move-in ready, and packed with updates - this beautifully maintained 3-bedroom h...	3 beds \| 1 baths \| 1,243 sq.ft.	$250,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.5% Airbnb Rental Income: $1126 Traditional Rental Income: $1578 Airbnb ROI: 0.99% Traditional ROI: 4.5%
2903 Lakeview Dr. Yankton, SD Ranch-style home built in 2001 offering comfortable, functional living throughout. This pr...	3 beds \| N/A baths \| 1,942 sq.ft.	$235,000	Airbnb cash on cash: 4.78% Traditional cash on cash: 6.13% Airbnb Rental Income: $2216 Traditional Rental Income: $1958 Airbnb ROI: 4.78% Traditional ROI: 6.13%
7020 Prestwick Rd Rapid City, SD Luxury Living on Red Rocks Golf Course Modern elegance meets lasting comfort in this custo...	4 beds \| 3 baths \| 3,639 sq.ft.	$1,349,999	Airbnb cash on cash: -0.52% Traditional cash on cash: 0.56% Airbnb Rental Income: $2316 Traditional Rental Income: $3096 Airbnb ROI: -0.52% Traditional ROI: 0.56%
204 Pinewood Park Jefferson, SD Better than new construction prices! This Wynstone ranch was a new floor plan by Wegher Co...	5 beds \| 3 baths \| 3,492 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.36% Airbnb Rental Income: $null Traditional Rental Income: $3192 Airbnb ROI: N/A Traditional ROI: 2.36%

Real Estate investment in South Dakota

There are 1,550 properties available for sale in the state of South Dakota. Parkston, 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 $275,600 and the average price per square foot is $0. Their average monthly cash on cash return is 5.00%.

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

There are 1,550 investment properties available for sale in South-dakota.

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

In 2026, Parkston (8%) and Box Elder (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

1016 SW 16th Avenue

Aberdeen, SD

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

$329,900

Airbnb cash on cash: 0.67%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $1411

Traditional Rental Income: $2316

Airbnb ROI: 0.67%

Traditional ROI: 4.95%

11991 Oak Drive

Whitewood, SD

4 beds | 3 baths | N/A

$1,249,000

Airbnb cash on cash: -1.15%

Traditional cash on cash: 1.58%

Airbnb Rental Income: $309

Traditional Rental Income: $3228

Airbnb ROI: -1.15%

Traditional ROI: 1.58%

3712 S Hawthorne Ave

Sioux Falls, SD

3 beds | 2 baths | 912 sq.ft.

$259,900

Airbnb cash on cash: 0.52%

Traditional cash on cash: 4.9%

Airbnb Rental Income: $1071

Traditional Rental Income: $1776

Airbnb ROI: 0.52%

Traditional ROI: 4.9%

2333 S Lawson Street

Aberdeen, SD

5 beds | 3 baths | 2,892 sq.ft.

$434,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.11%

Airbnb Rental Income: $null

Traditional Rental Income: $3147

Airbnb ROI: N/A

Traditional ROI: 5.11%

3017 S Keyrell Dr

Sioux Falls, SD

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

$378,000

Airbnb cash on cash: 0.77%

Traditional cash on cash: 5.83%

Airbnb Rental Income: $1635

Traditional Rental Income: $2968

Airbnb ROI: 0.77%

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%

815 NE 15th Avenue

Aberdeen, SD

2 beds | 2 baths | 1,298 sq.ft.

$139,500

Airbnb cash on cash: 3.03%

Traditional cash on cash: 10.11%

Airbnb Rental Income: $1181

Traditional Rental Income: $1743

Airbnb ROI: 3.03%

Traditional ROI: 10.11%

1205 Douglas

Yankton, SD

4 beds | N/A 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