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For Sale

309 8th Ave SE

309 8th Ave SE, Watertown, SD 57201

Watertown is one of northeast South Dakota’s most dynamic and rapidly growing communities, offering the perfect blend of small-town charm, economic opportunity, and modern amenities. As a regional hub for business, healthcare, education, and recreation, Watertown attracts residents and visitors from across the state. Home to Lake Kampeska and Lake Pelican, the city is known for its exceptional outdoor recreation—boating, fishing, swimming, golf courses, and miles of walking and biking trails. Watertown also features vibrant arts and culture, including the renowned Redlin Art Center, historic downtown district, and year-round community events. Families appreciate the city's strong public and private schools, safe neighborhoods, and diverse housing options. With continued commercial development, thriving local businesses, and convenient access to major highways and the Watertown Regional Airport, the community is well-positioned for both growth and long-term stability. Whether you're seeking recreation, a strong business environment, or a welcoming place to call home, Watertown delivers a high quality of life and a warm Midwest feel that sets it apart.The Cottage Apartments | Watertown, South Dakota Discover a unique multifamily investment opportunity in the heart of Watertown. The Cottage Apartments offer 45 modern units designed for both comfort and flexibility — with options for short-term or long-term leasing. Each fully furnished suite features a Smart TV, microwave, and mini-fridge, making this property ideal for tenants seeking convenience and turnkey living. This well-maintained asset includes off-street parking, on-site laundry, snow and lawn care, and pet-friendly accommodations — ensuring broad market appeal and low vacancy rates. Located minutes from Lake Area Technical College and major employers, The Cottage Apartments attract a stable mix of students, professionals, and traveling workers. With flexible lease terms and strong operational performance, this property presents an exceptional opportunity for investors seeking dependable income and future growth in one of South Dakota’s fastest-growing communities.
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Contacts

broker
Todd Syhre

eXp Commercial

Building Details

  • For Sale $2,700,000
  • Property Type Multi-Family
  • Property Size 13,848 SF
  • Units 45
  • Lot Size 1.07 Acre
  • Year Built 1948
  • Date Updated Jan 28, 2026

Getting Around

  • Walk Score ®

    Somewhat Walkable (68)
  • Bike Score ®

    Somewhat Bikeable (45)
Powered by Walk Score ®

Location

  • City Watertown, SD
  • Zip Code 57201
  • Map
  • Street

Points of Interest

Cenex

0.27 miles

Clark

0.31 miles

Casey's General Store

0.93 miles

Marathon

2.88 miles

Thunder Road

0.54 miles

Park

0.99 miles

Disc Golf & Trail

1.61 miles

Park & Boat Ramp Parking

4.14 miles

Boat Ramp

6.21 miles

Camp

6.25 miles

Beach

6.37 miles

Super Wash

2.04 miles

Zesto

0.09 miles

Taco Bell

0.13 miles

DQ Grill & Chill

0.15 miles

Hardee's

0.17 miles

Taco John's

0.22 miles

Perkins

0.25 miles

Pizza Hut

0.42 miles

Burger King

0.76 miles

Arby's

0.80 miles

County Fair Foods of Watertown

0.70 miles

JCPenney

0.74 miles

Watertown Mall

0.82 miles

Herberger's

0.83 miles

Hy-Vee

0.94 miles

Runnings

1.19 miles

Target

1.43 miles

Walmart Supercenter

2.12 miles

Aldi

2.12 miles

Prairie Lakes Hospital

1.43 miles

Prairie Lakes Cancer Center

1.49 miles

Northridge Clinic

2.07 miles

Prairie Lakes

2.43 miles

309 8th Ave SE Listing Summary

  • What is the asking price at 309 8th Ave SE?

    309 8th Ave SE is currently listed for sale at Contact for pricing.

  • What is the total size of 309 8th Ave SE?

    309 8th Ave SE has a total of 13,848 square feet.

  • What is the year built for 309 8th Ave SE?

    The year built for 309 8th Ave SE is 1948.

Contact Listing Broker
broker
Todd Syhre

eXp Commercial

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