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    Sioux Falls, SD Rapid City, SD Aberdeen, SD
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    Sioux Falls 6-Plex Investment
    Updated: Apr 7
    Sioux Falls 6-Plex Investment

    1011 S 2nd Ave, Sioux Falls, SD 57105

    $675,000
    5,832 sqft · 0.17 AC lot
    6‑plex with a mix of 1- and 2‑bedroom units in central Sioux Falls
    On‑site laundry provides additional income
    Garage parking for tenants plus off‑street parking accessible via the alley
    Utilities include public water and public sewer; natural gas heat
    Brick construction with tar/gravel roof; built in 1971
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    This listing looks promising.

    Here's a quick look at some key insights for

    1011 S 2nd Ave, Sioux Falls, SD 57105-0849

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    • Est. Cap Rate

      6.9%
      Above avg (5.9%)

    • Est. NOI

      $47K
      Annual

    • Price @ 7% Cap

      $667K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1971
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    Single-Level 4-Plex Rental Buildings
    Updated: Jun 29
    Single-Level 4-Plex Rental Buildings

    1100 E Elder St, Canton, SD 57013

    $2,150,000
    13,984 sqft · 1.49 AC lot
    Four 4‑plex buildings (4 units total) with 2BR/1BA units; laundry hookups in each unit
    Each unit includes a single attached garage; all living space is on one level with no steps
    Tenant‑paid utilities with public water and public sewer; heating is natural gas forced air
    Updated exterior with new siding in 2023; recent interior paint and floor coverings in many units
    Roof is composition; construction includes HardiPlank Type siding
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    8-Unit Apartment Building with Parking
    8-Unit Apartment Building with Parking

    811 Mallow Street, Rapid City, SD 57701

    $999,500
    5,198 sqft · 0.40 AC lot

    Eight-unit apartment building with private parking, zero-entry ground access, and in-unit laundry plus separate electric meters.

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    Five-Unit Multifamily Property
    Five-Unit Multifamily Property

    511 -517 Main St S, Lennox, SD 57039

    $325,000
    4,372 sqft · 0.16 AC lot

    Five-unit rental building with coin-operated laundry, separate electric meters, and a newer boiler for reliable heating.

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    Stabilized 24-Unit Apartment Property
    Stabilized 24-Unit Apartment Property

    1000-1008 S Crawford Rd, Vermillion, SD 57069

    $2,080,000
    0.72 AC lot

    Two-building multifamily community with 24 units and near-complete renovations, currently 100% occupied.

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    Well-Maintained 5-Plex Apartment Building
    Well-Maintained 5-Plex Apartment Building

    2405-2416 Prairie Eagle Cir, Huron, SD 57350

    $599,900
    5,744 sqft · 0.46 AC lot

    Single-level 5-plex with five units and individual garages, offering an income-producing multifamily setup in Huron.

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    Completely Updated Apartment Complex
    Completely Updated Apartment Complex

    304 S Douglas, Elk Point, SD 57025

    $475,000
    7,536 sqft · 0.18 AC lot

    Updated five-unit apartment complex with designated off-street parking for each unit near school and downtown.

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    Non-Conforming 8-Unit Apartment Building
    Non-Conforming 8-Unit Apartment Building

    10 E QUINCY, Rapid City, SD 57701

    $899,000

    8-unit multifamily with off-street parking, coin laundry, and landlord-paid utilities.

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    Five-Plex Residential Income Building
    Five-Plex Residential Income Building

    1118 W 8th St, Sioux Falls, SD 57104

    $314,000
    2,204 sqft · 0.15 AC lot

    Five 1-bedroom, 1-bath units with recent interior and exterior updates, plus a detached garage for added income.

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    Downtown 5-Plex Residential Income
    Downtown 5-Plex Residential Income

    314 5th Street, Spearfish, SD 57783

    $659,000
    4,305 sqft

    Five-unit apartment building with updated interiors, detached garage access, and an on-site common laundry area.

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    Iconic Restaurant with Apartment
    Iconic Restaurant with Apartment

    306 N veterans St, Flandreau, SD 57028

    $900,000
    8,640 sqft · 8.76 AC lot

    Two-level restaurant with dining, lounge, bar, and a lower-level two-bedroom apartment plus party rooms.

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    Rapid City Multifamily Investment Property
    Rapid City Multifamily Investment Property

    10 E Quincy Street, Rapid City, SD 57701

    $899,000
    0.16 AC lot

    8-unit multifamily property near downtown and School of Mines.

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    Boarding Home with 2-Car Garage
    Boarding Home with 2-Car Garage

    113 3rd Street, Newell, SD 57760

    $110,000
    2,600 sqft · 0.26 AC lot

    Two-story boarding home in Newell with multiple bedrooms, in-unit laundry access, and a 2-car garage.

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    Furnished Multifamily Apartment Building
    Furnished Multifamily Apartment Building

    309 8th Ave SE, Watertown, SD 57201

    $2,700,000

    Multifamily property with 45 modern furnished units offering short- or long-term leasing flexibility.

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    Sixteen-Unit Multifamily Property For Sale
    Sixteen-Unit Multifamily Property For Sale

    510 N. 5th Street, Beresford, SD 57004

    $700,000
    14,516 sqft

    Fully leased multifamily property with recent renovations and garage stalls.

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    Vermillion Multifamily Investment Opportunity
    Vermillion Multifamily Investment Opportunity

    1000 South Crawford Road, Vermillion, SD 57069

    $2,080,000
    6,560 sqft · 0.72 AC lot

    Stabilized 24-unit multifamily property in Vermillion, South Dakota.

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    Apartment Building in Scotland, SD
    Apartment Building in Scotland, SD

    821 Main Street |, Scotland, SD 57059

    $750,000

    Apartment building with renovated units and common areas for sale.

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    Yankton Multifamily Investment Opportunity
    Yankton Multifamily Investment Opportunity

    1313 W. 30th Street, Yankton, SD 57078

    $4,200,000

    Multifamily property with development potential in Yankton, South Dakota.

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    Historic Art-Deco Apartment Building
    Historic Art-Deco Apartment Building

    703 S. Summit Avenue, Sioux Falls, SD 57104

    $2,400,000

    30-unit apartment building with striking Art-Deco architecture.

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    Commercial Space with Apartment Units
    Commercial Space with Apartment Units

    120 N Heritage Pkwy, Tea, SD

    $895,000
    758 sqft · 8.54 AC lot

    Commercial space with 30 apartment units above available for rent.

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    Multifamily Investment Opportunity
    Multifamily Investment Opportunity

    510 N. 5th Street, Beresford, SD 57004

    $700,000
    14,516 sqft

    Fully leased multifamily property with recent renovations and garage stalls.

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    Yankton Multifamily Investment Opportunity
    Yankton Multifamily Investment Opportunity

    1313 W. 30th Street, Yankton, SD 57078

    $4,200,000

    Multifamily property with development potential in Yankton, South Dakota.

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    Multifamily Property in Madison, SD
    Multifamily Property in Madison, SD

    210 Center Street West, Madison, SD 57042

    $2,500,000

    Former high school converted to multifamily with underground parking.

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    Two Buildings with 24 Units
    Two Buildings with 24 Units

    804-810 Ruud Ln, Hartford, SD 57033

    $3,200,000

    Two twelve-plex apartment buildings with 24 garages in Hartford.

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    South Dakota Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in South Dakota, showcased through 41 active listings on our real estate platform. These investment opportunities span a total of 879,432 square feet of properties for sale, with an estimated market value of $105,706,200.

    Sale prices for two-family homes in South Dakota start at $110,000, averaging $3,645,041, and reaching up to $31,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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