- 8,308
- sqft
- 1979
- year built
- Status:
- Pending
- MLS #:
- 22508615
- Neighborhood:
- Other - Outside Jurisdiction
- County:
- Haakon
- Listed By:
- Jeffrey Brooks - Brooks Commercial Real Estate
- Office Phone:
- (605) 261-2215
- Agent Email:
- jeff@brooks-commercial.com
Sponsoring Broker: Gregg Gohl, Hegg Realty
HUD Section 8 (HAP Contract) property for sale in Philip, SD! Unit Mix: One (1) one-bedroom/one-bathroom unit, eight (8) two-bedroom/one-bathroom unit, and one (1) three-bedroom/one bathroom unit. Owner Responsibility: Water, sewer, trash removal, repairs/maintenance, lawn care, and snow removal. Tenant Responsibility: Electric, phone, cable, and internet. Unit Amenities: Stove, refrigerator, air conditioner, electric baseboard heat, washer & dryer hookups, carpet/vinyl floor coverings, and mini-blinds. Property Amenities: Off-street parking and separate individual entrances. A new roof was installed in October 2022 following a wind and hail damage insurance claim. Insurance proceeds covered both the roof and siding; however, while the roof was replaced, the siding was not. On December 13, 2022, a tenant-caused fire in Unit #4 resulted in a complete, insurance-funded restoration of the unit. The parking lot was chip sealed in June 2024. Section 8 Coverage (# units / %): 6 units / 60%. Section 8 Contract #: SD99-H001-074. Renewal Option: Option 4. Term / Expiration: 20 Years / May 31, 2040. Elderly / Family: Family. Management Occupancy Review (MOR): Above-Average (July 2025). NSPIRE: 92 (June 2025). 60% Project-Based Section 8 rental subsidy. In July 2025, the property completed a HUD Section 8(bb) transaction, resulting in the removal of four (4) units from the HAP Contract and associated budget authority. This strategic use of the 8(bb) program allowed the owner to reposition the asset by converting these units to market-rate, with the goal of enhancing occupancy performance and better aligning with community housing needs. HUD’s Section 8(bb) program permits the transfer of budget authority from one property with a Project-Based Section 8 HAP contract to another eligible property. Stewart Avenue Improvement Project: City of Philip. Expected completion date is October 15, 2025. Contact listing broker for details. The Riverview Townhouses are being offered as part of a portfolio transaction and must be acquired together with the Senechal Apartments, located at 125 Pine Street, Philip, SD 57567. Please contact the listing broker for additional details. Jeff Brooks is a licensed real estate broker in the State of South Dakota and part of the selling entity.
-
- Year Built
- 1979
-
- Stories
- 2.0
-
- Parking Features
- Paved
-
- Living Area
- 8308.0
-
- Appliances
- Refrigerator, Range, Water Heater
-
- Flooring
- Carpet
-
- Security Features
- Smoke Detector(s), Security Lights
-
- Cooling
- Window Unit(s)
-
- Heating
- Baseboard, Electric
-
- Acres
- 0.3801
-
- Water
- Public
-
- County
- Haakon
-
- City
- Philip
-
- Neighborhood
- Other - Outside Jurisdiction
-
- Zip Code
- 57567
-
- High School
- Philip HS
-
- Middle School
- Philip JHS
-
- Elementary School
- Philip ES
-
Nearby Schools
-
52out of 100
-
52out of 100
-
54out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Frequently Asked Questions
How do I schedule a tour of 302 E Pine St?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 302 E Pine St.
They know residential incomes in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 302 E Pine St?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $530,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Philip, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 302 E Pine St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 302 E Pine St at around $3,016. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 302 E Pine St?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Haakon County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 302 E Pine St?
In most cases, yes. Whether 302 E Pine St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Philip's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 302 E Pine St?
We can handle that for you. Our preferred local agent specializes in residential incomes in Philip and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $530,000 with 8,308 sqft of space—that comes out to approximately $64 per square foot.
How long has this property been on the market?
302 E Pine St was listed on November 15, 2025, which means it's been on the market for 363 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1979, making it approximately 47 years old.
What is the lot size of this property?
302 E Pine St sits on a 0.38-acre lot, which is 16,553 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Philip ES
- Middle: Philip JHS
- High: Philip HS
Want to see how these schools compare? Check out our Haakon County School Guide to see ratings, reviews, and more for the schools in the area.
Is 302 E Pine St still available for sale?
This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.
Source: ez Home Search, MLS Data
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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of REALTOR® Association of the Sioux Empire, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright © 2026 REALTOR® Association of the Sioux Empire, Inc. All rights reserved.
Last Updated: November 13, 2026 at 12:50AM | Source: REALTOR Association of the Sioux Empire | MLS#: 22508615