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    Sioux Falls Multifamily Investment Opportunity
    Updated: Jan 27
    Sioux Falls Multifamily Investment Opportunity

    3400-3404 East 11th Street, Sioux Falls, SD 57103

    $6,250,000
    70,272 sqft · 2.20 AC lot
    High occupancy rate of 95.24%
    54 out of 84 units have been remodeled
    Substantial building size of 70,272 SF on a 2.2‑acre lot
    Includes 40 garages
    Diverse unit mix: two‑bedroom, one‑bedroom, and studio apartments
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    This listing looks promising.

    Here's a quick look at some key insights for

    3400-3404 East 11th Street, Sioux Falls, SD 57103

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $563K
      Annual

    • Price @ 7% Cap

      $8.04M
      Above asking
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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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    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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    Mixed-Use Property With Retail
    Mixed-Use Property With Retail

    2412 E 10th St, Sioux Falls, SD

    $875,000
    12,554 sqft · 0.24 AC lot

    Mixed-use property featuring apartments and retail spaces for sale.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Sioux Falls Historic Apartments
    Sioux Falls Historic Apartments

    703 S. Summit Avenue, Sioux Falls, SD 57104

    $2,600,000
    19,432 sqft

    Historically significant 18-unit apartment building in Sioux Falls.

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

    703 S. Summit Avenue, Sioux Falls, SD 57104

    $2,600,000

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

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    Sioux Falls Multifamily Investment Opportunity
    Sioux Falls Multifamily Investment Opportunity

    809 South Sherman Avenue, Sioux Falls, SD 57104

    $910,000
    9,602 sqft

    Project-based Section 8 apartments near downtown Sioux Falls.

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    Townhome-Style Multifamily Community
    Townhome-Style Multifamily Community

    4601 East 3rd Street, Sioux Falls, SD 57110

    $5,100,000

    Two-story rental community with private entrances, eat-in kitchens, patios or yards, and detached single-stall garages.

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    RV Park and Apartments
    RV Park and Apartments

    4501 W 12th St, Sioux Falls, SD

    $8,503,638
    15.02 AC lot

    RV park with apartments, high visibility, and commercial zoning.

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    Sioux Falls Multifamily Investment Property
    Sioux Falls Multifamily Investment Property

    3113 W 12th St, Sioux Falls, SD 57104

    $3,500,000
    60,798 sqft

    30-unit apartment complex in Sioux Falls, 100% occupied.

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    Modern Multifamily Community in Sioux Falls
    Modern Multifamily Community in Sioux Falls

    950 N Cliff Ave, Sioux Falls, SD 57103

    $28,200,000
    215,169 sqft

    179-unit apartment complex in Sioux Falls, South Dakota.

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

    4213 E 12th St, Sioux Falls, SD 57103

    $31,000,000
    240,986 sqft

    248-unit apartment complex in established residential area.

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    Sioux Falls Multifamily Investment
    Sioux Falls Multifamily Investment

    1311 N Cleveland Ave, Sioux Falls, SD 57103

    $14,110,000
    107,368 sqft

    Garden-style apartment community in Sioux Falls, South Dakota.

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    Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 13 Active listings in Sioux Falls, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

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

    510 N. 5th Street, Beresford, SD 57004

    $1,350,000
    14,516 sqft

    Fully leased multifamily property with recent renovations and garage stalls.

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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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    New Multifamily Property with Amenities
    New Multifamily Property with Amenities

    120 W Hatting St, Luverne, MN 56156

    $7,000,000

    Multifamily property built in 2023 with assumable HUD loan.

    View details
    City Centre Condominium Complex
    City Centre Condominium Complex

    109 E Luverne Street Units 101-336, Luverne, MN 56156

    $1,750,000
    75,000 sqft · 2.22 AC lot

    32-unit complex in Luverne, featuring a full gymnasium.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

    View details
    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

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    Buildable Lot for Luxury Condos
    Buildable Lot for Luxury Condos

    801 36th Ave NW, Norman, OK 73072

    $285,000
    0.74 AC lot

    0.74 acre buildable lot zoned for low-density apartments.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Sioux Falls, SD

    Consider similar Off-Market properties in Sioux Falls, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    111 7th St
    APARTMENT HOUSE (100+ UNITS)

    111 7th St, Sioux Falls, SD 57104-5936

    $6,235,000
    Estimated value
    91,161 sqft · 1.46 AC lot
    View details
    822 Minnesota Ave
    APARTMENT HOUSE (5+ UNITS)

    822 Minnesota Ave, Sioux Falls, SD 57104-2415

    Value Estimation by Request
    37,350 sqft · 0.91 AC lot
    View details
    512 Spg Ave
    APARTMENT HOUSE (5+ UNITS)

    512 Spg Ave, Sioux Falls, SD 57104-4300

    Value Estimation by Request
    37,350 sqft · 0.77 AC lot
    View details
    522 Main Ave
    APARTMENT HOUSE (5+ UNITS)

    522 Main Ave, Sioux Falls, SD 57104-5902

    $3,390,000
    Estimated value
    49,205 sqft · 0.63 AC lot
    View details
    5500 44Th St
    Multifamily properties

    5500 44Th St, Sioux Falls, SD 57106

    Value Estimation by Request
    23,190 sqft · 1.19 AC lot
    View details
    2809 Bragstad Dr
    Multifamily properties

    2809 Bragstad Dr, Sioux Falls, SD 57103

    Value Estimation by Request
    View details
    321 Duluth Ave
    Multifamily properties

    321 Duluth Ave, Sioux Falls, SD 57104

    Value Estimation by Request
    3,300 sqft · 0.23 AC lot
    View details
    422 Spring Ave
    Multifamily properties

    422 Spring Ave, Sioux Falls, SD 57104

    Value Estimation by Request
    View details
    519 Duluth Ave
    Multifamily properties

    519 Duluth Ave, Sioux Falls, SD 57104

    Value Estimation by Request
    2,820 sqft
    View details
    301 Spg Ave
    APARTMENT HOUSE (5+ UNITS)

    301 Spg Ave, Sioux Falls, SD 57104-3617

    $4,410,000
    Estimated value
    63,348 sqft · 1.24 AC lot
    View details
    320 3rd Ave
    APARTMENT HOUSE (5+ UNITS)

    320 3rd Ave, Sioux Falls, SD 57104-5048

    $4,640,000
    Estimated value
    64,827 sqft · 1.06 AC lot
    View details

    Sioux Falls, SD Apartment Buildings Market Trends and Statistics

    Explore 24 apartment buildings for sale in Sioux Falls, SD, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 744,217 square feet of properties for sale, with an estimated market value of $88,434,000.

    Sale prices for two-family homes in Sioux Falls, SD start at $314,000, averaging $8,843,400, 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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    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
    57105 $675K
    57104 $2M
    57110 $5.1M
    57103 $19.9M

    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

    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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    Most Searched ZIP Codes in Sioux Falls, SD

    • 57104
    • 57103
    • 57105
    • 57110

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