309 8th Ave SE, Watertown, SD for sale

Investment Overview

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.