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    Sioux Falls, SD Apartment Buildings for Sale

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    Tea, SD Harrisburg, SD Hartford, SD Brandon, SD Renner, SD Rowena, SD Lennox, SD Worthing, SD
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    Renovated 11-Unit Apartment Building
    Updated: Aug 9
    Renovated 11-Unit Apartment Building

    700 W 6th St, Sioux Falls, SD 57104

    $1,300,000
    10,800 sqft 0.26 AC lot
    11‑unit apartment building with ten two‑bedroom, one‑bath units and one efficiency
    10,800 square feet on 0.2636 acres
    Renovated in 2015; current occupancy is 90%
    Five garage stalls, off‑street parking, and storage closets for each unit
    Two sets of coin‑operated laundry facilities
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    9-Unit Apartment Building
    Updated: Aug 9
    9-Unit Apartment Building

    703 S Dakota Ave, Sioux Falls, SD 57104

    $780,000
    5,248 sqft 0.22 AC lot
    9‑unit apartment property with 5,248 square feet
    Unit mix: eight 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
    0.2212‑acre lot at 703 S Dakota Ave, Sioux Falls, SD 57104
    7‑stall detached garage plus off‑street parking
    Lower‑level common‑area coin‑operated laundry
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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    412 S Thompson Ave, Sioux Falls, SD 57103

    $550,000
    5,376 sqft 0.23 AC lot

    Fully occupied apartment property with professional management, updated systems, and shared coin-operated laundry.

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    See hot listings in Sioux Falls

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Renovated 11-Unit Apartment Building
    Renovated 11-Unit Apartment Building

    700 W 6th St, Sioux Falls, SD 57104

    $1,300,000
    10,800 sqft

    Renovated apartments offer storage, natural light, laundry facilities, garages, and off-street parking.

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    42-Unit Townhome-Style Apartment Building
    42-Unit Townhome-Style Apartment Building

    4802 S Hosta Ave, Sioux Falls, SD 57110

    $7,950,000
    59,544 sqft 3.08 AC lot

    Nearly new rental community with private entries, attached garages, and in-unit laundry.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1011 S 2nd Ave, Sioux Falls, SD 57105

    $675,000
    5,832 sqft 0.17 AC lot

    Brick construction, laundry facilities, garage parking, and alley-accessible off-street parking serve the residential layout.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    1118 W 8th St, Sioux Falls, SD 57104

    $300,000
    2,204 sqft 0.15 AC lot

    Five one-bedroom, one-bath units include a detached garage and recent interior and exterior improvements.

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    9-Unit Apartment Building with Garage
    9-Unit Apartment Building with Garage

    703 S Dakota Ave, Sioux Falls, SD 57104

    $780,000
    5,248 sqft

    Eight two-bedroom units and one one-bedroom unit create a varied residential rental mix.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    412 S Thompson Ave, Sioux Falls, SD 57103

    $550,000
    5,376 sqft

    Fully occupied property with a varied unit mix, on-site coin-operated laundry, and recent building updates.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    1011 S 2nd Ave, Sioux Falls, SD 57105

    $675,000
    5,832 sqft

    One- and two-bedroom units include on-site laundry and garage parking.

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    42-Unit Townhome-Style Apartments
    42-Unit Townhome-Style Apartments

    4802 S Hosta Ave, Sioux Falls, SD 57110

    $7,950,000
    59,544 sqft

    Townhome-style residences offer attached garages, private patios, open layouts, and in-unit laundry.

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    27-Unit Apartment Building with Garages
    27-Unit Apartment Building with Garages

    3509 E Willow Leaf St, Sioux Falls, SD 57110

    $2,700,000
    13,494 sqft

    Multifamily property offering one- and two-bedroom residences with substantial enclosed garage capacity.

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    Updated Five-Unit Apartment Building
    Updated Five-Unit Apartment Building

    1118 W 8th St Street, Sioux Falls, SD 57104

    $300,000
    2,204 sqft

    Five one-bedroom apartments with refreshed interiors and a detached garage in Sioux Falls.

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    27-Unit Apartment Building Portfolio
    27-Unit Apartment Building Portfolio

    3509 S Willow Ave, Sioux Falls, SD 57105

    $2,700,000
    13,494 sqft

    Multibuilding apartment portfolio with one- and two-bedroom residences, attached garages, and established occupancy.

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    64-Unit Apartment Building
    64-Unit Apartment Building

    4203 S West Ave, Sioux Falls, SD 57105

    $6,400,000
    14,208 sqft

    The multifamily property offers one- and two-bedroom residences alongside 64 garages.

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    10-Unit Apartment Property
    10-Unit Apartment Property

    1201 & 1205 S Blaine Ave, Sioux Falls, SD 57103

    $850,000
    8,784 sqft

    Two separately platted buildings provide a diversified rental configuration with one- and two-bedroom apartments.

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    8-Unit Apartment Building
    8-Unit Apartment Building

    410 N Spring Ave, Sioux Falls, SD 57104

    Contact for pricing
    4,800 sqft

    Commercially zoned apartment property with eight one-bedroom units, built in 1976 and located on North Spring Avenue in Sioux Falls.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    213 S Spring Ave, Sioux Falls, SD 57104

    $499,000
    3,230 sqft

    Five one-bedroom residences offer a consistent unit configuration within a centrally positioned multifamily property.

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    54-Unit Multifamily Community
    54-Unit Multifamily Community

    4601 E 26th St, Sioux Falls, SD 57710

    $5,400,000
    58,141 sqft

    54-unit community built in the 1990s with one- and two-bedroom apartments, 53 private garages, and on-site laundry.

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    101-Unit Apartment Community
    101-Unit Apartment Community

    4304 E 26th St, Sioux Falls, SD 57103

    $10,100,000
    33,552 sqft

    Nine-building multifamily property with one- and two-bedroom floor plans plus on-site garage parking.

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    Sioux Falls Multifamily Investment Opportunity
    Sioux Falls Multifamily Investment Opportunity

    809 South Sherman Avenue, Sioux Falls, SD 57104

    Contact for pricing
    9,602 sqft

    Project-based Section 8 apartments near downtown Sioux Falls.

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    Turnkey 8-Plex Apartment Building
    Turnkey 8-Plex Apartment Building

    3505 S Hawthorne Ave, Sioux Falls, SD 57105

    Contact for pricing
    3,552 sqft

    Fully leased 8-plex with coin-operated laundry, detached garages, through-the-wall A/C, boiler heat, and ample on-site parking.

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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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    Large Multifamily Community in Sioux Falls
    Large Multifamily Community in Sioux Falls

    4213 E 12th St, Sioux Falls, SD 57103

    Contact for pricing
    240,986 sqft 9.50 AC lot

    248-unit apartment complex in established residential area.

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    Sioux Falls, SD Apartment Buildings Market Trends and Statistics

    Explore 42 apartment buildings for sale in Sioux Falls, SD, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 1,022,200 square feet of properties for sale, with an estimated market value of $54,159,000.

    Sale prices for two-family homes in Sioux Falls, SD start at $300,000, averaging $2,707,950, and reaching up to $10,100,000 — 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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    Demographics Overview

    Population 204K
    Population Growth (5Y) +15.2%
    Median Household Income $77,935
    College Educated 16.5%

    High-Yield Neighborhoods for Investment

    Identify Sioux Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    57104 $957.4K
    57105 $2.6M
    57103 $3M
    57110 $6.2M
    57108 $6.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.71%
    Property Tax per SF $30.71 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Minnehaha County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Sioux Falls fall within the 50,000 to 100,000 square foot range.

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