Movoto Real Estate
Sold on 06/02/2026

1505 E Cedar Cir, Brandon, SD 57005

$740,000

Last sold 06/02/2026 after 96 Days

  • 12

    bed

  • 8

    bath

  • 6,728

    Sqft ($110/Sqft)

Multi-family not for sale

About 1505 E Cedar Cir

Property type Multi-family
Year built 1991
HOA fee $0/month
Lot size 0.54 Acre
Property description
Stabilized, low-maintenance 4-unit townhome investment opportunity in Brandon. This fully leased property offers four spacious 3BR/2BA units (~1,600 SF each), each with attached single-stall garages and in-unit laundry hookups. All utilities are individually metered and tenant-paid, creating a simple, low-overhead operating structure ideal for investors seeking predictable cash flow. Major capital improvements have already been completed, including roof replacement (2022), upgraded gutters (2024), HVAC replacement in one unit (2025), and multiple interior flooring upgrades. Property has been maintained with no shared interior hallways or common areas, reducing ongoing maintenance complexity. Current rent structure reflects stabilized operations rather than speculative projections. Lease terms include scheduled annual increases. Located on a quiet cul-de-sac in the desirable Brandon community with strong demand for three-bedroom rental housing. Turnkey, income-producing, and positioned for long-term stability ideal for owner-occupant or local investor seeking stabilized cash flow.
Listed by
Listing Agent - David Knudtson
Listing Agent Contact: Other: 605-553-6992
Listing Office - eXp Realty
Source: REALTOR® Association of the Sioux Empire mls logo
MLS#22601262 • last updated 4 months ago
Movoto checked REALTOR® Association of the Sioux Empire for data 6 minutes ago
Overview
Cooling/AC Electric
Heating Forced Air, Natural Gas
Levels/Style 1
MLS # 22601262
Living Area 6728
Status Sold - Sold
Lot Size (Sqft) 23405
Lot Size (Acres) 0.5373
Year Built 1991
Interior
Flooring Carpet, Vinyl
Appliances Dishwasher, Disposal, Microwave, Range, Refrigerator
Exterior
Foundation Block
Roof Composition
Construction Vinyl Siding
Parking Attached
Amenities / Utilities
Water Source Public, Separate Meters
Location
County Minnehaha
Subdivision Oak Park Addn To City Of Brandon
Elementary School Brandon ES
Middle School Brandon Valley MS
High School District BrandonVal
High School Brandon Valley HS
APN 58598
Directions From Hwy 11 Turn East On Cedar St, South On S Yellowstone Dr, SW Into Cul-de-sak Cedar Cir.
Multifamily Details
Total # of Units 4
We are not permitted to show value estimates for this property.
  • Jun 2026
    mls logo MLS # 22601262
  • Jun 3, 2026 Sold
    $740,000 (-4.5%)
  • May 6, 2026 Pending
    —
  • Apr 5, 2026 Listed
    —
  • Mar 25, 2026 Pending
    —
  • Feb 26, 2026 Listed
    $775,000 (+4.9%)
  • Sep 2025
    mls logo MLS # 22203176
  • Sep 26, 2025 Sold
    $739,011 (+5.6%)
  • Jun 6, 2022 Listed
    $699,900
  • Year Property taxes Tax assessment
  • 2025
    $8,310
    $519,900 -0.67%
  • 2024
    $8,310 -2.8%
    $523,400 +6.64%
  • 2023
    $8,548 -3.5%
    $490,800
  • 2022
    $8,856 +20.4%
    $490,800 +24.89%
  • 2021
    $7,358 -1.4%
    $393,000 +0.2%
  • 2020
    $7,466 +7.4%
    $392,200 +9.78%
  • 2019
    $6,951 +7.1%
    $357,245 +11.28%
  • 2016
    $6,488 -5.3%
    $321,040
  • 2015
    $6,850
    —
  • 1505 E Cedar Cir
    $740K
  • —
  • 57005
    $409K -5% y/y
  • Brandon
    $409K -7% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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