Sioux Falls, SD Apartment Buildings for Sale

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Updated: Aug 9

Six-Unit Apartment Building

412 S Thompson Ave, Sioux Falls, SD 57103

$550,000

5,376 sqft 0.23 AC lot

Six units: five 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
5,376 SF apartment building on a 0.2299‑acre site
Built in 1977 with brick veneer construction and a composition roof
Coin‑operated laundry in the common area
Updates include boiler, HVAC, and concrete

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Here's a quick look at some key insights for

412 S Thompson Ave, Sioux Falls, SD 57103-2094

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$43K
Annual
Price @ 7% Cap

$615K
Above asking
Property Type

Multi-Family Dwellings
Built 1977

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Updated: Aug 9

Renovated 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 2‑bedroom, 1‑bath units and one efficiency unit
10,800 square feet on a 0.2636‑acre site
Renovated in 2015; constructed in 1969
90% current occupancy with professional management
Five garage stalls, off‑street parking, and two coin‑operated laundry areas

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9-Unit Apartment Building

703 S Dakota Ave, Sioux Falls, SD 57104

$780,000

5,248 sqft 0.22 AC lot

Nine apartments with varied layouts, shared laundry, detached garage storage, and off-street parking near downtown Sioux Falls.

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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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Nearly New 42-Unit Townhome-Style Apartments

4802 S Hosta Ave, Sioux Falls, SD 57110

$7,950,000

59,544 sqft 3.08 AC lot

Nearly new 42-unit apartment community built in 2021 with attached garages, in-unit laundry, and private patio access.

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6-Unit Brick Apartment Building

1011 S 2nd Ave, Sioux Falls, SD 57105

$675,000

5,832 sqft 0.17 AC lot

Central Sioux Falls multifamily property with mixed one- and two-bedroom units, laundry income, garage parking, and alley-accessed parking.

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5-Plex Apartment Building

1118 W 8th St, Sioux Falls, SD 57104

$314,000

2,204 sqft 0.15 AC lot

5 one-bedroom, one-bath units with recent interior and exterior paint, plus a detached garage.

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8-Plex Apartment Complex with Garages

4101 S West Ave, Sioux Falls, SD 57105

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56,832 sqft

Apartment complex of eight 8-plex buildings totaling 64 units, with on-site laundry and 40 detached garages.

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Sioux Falls Multifamily Investment Opportunity

809 South Sherman Avenue, Sioux Falls, SD 57104

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9,602 sqft

Project-based Section 8 apartments near downtown Sioux Falls.

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54-Unit Multifamily Community

4601 E 26th St, Sioux Falls, SD 57110

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137,238 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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Turnkey 8-Plex Apartment Building

3505 S Hawthorne Ave, Sioux Falls, SD 57105

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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

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

4213 E 12th St, Sioux Falls, SD 57103

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240,986 sqft 9.50 AC lot

248-unit apartment complex in established residential area.

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Sioux Falls Multifamily Investment Property

3113 W 12th St, Sioux Falls, SD 57104

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60,798 sqft 1.47 AC lot

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

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Garden-Style Apartment Community

505 N Cleveland Ave, Sioux Falls, SD 57103

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57,014 sqft 3.68 AC lot

Garden-style multifamily community with 61 studio, one-, and two-bedroom units across multiple three-story buildings.

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Modern Multifamily Community in Sioux Falls

950 N Cliff Ave, Sioux Falls, SD 57103

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215,169 sqft 11.26 AC lot

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

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Sioux Falls Multifamily Investment

1311 N Cleveland Ave, Sioux Falls, SD 57103

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107,368 sqft

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

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RV Park and Apartments

4501 W 12th St, Sioux Falls, SD

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15.02 AC lot

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

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Townhome-Style Multifamily Community

4601 East 3rd Street, Sioux Falls, SD 57110

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

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1,136-Unit Multifamily Portfolio

1301 South Cleveland Avenue, Sioux Falls, SD 57103

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Multifamily portfolio comprising multiple properties across Sioux Falls, South Dakota.

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Two 8-Plex Apartment Buildings

100 E Lotta St, Sioux Falls, SD 57105

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Two detached 8-plex buildings for sale, each featuring eight separate garage doors and separately parceled ownership.

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Nine-Unit One-Bedroom Apartment Building

316 E 15th St, Sioux Falls, SD 57104

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Nine one-bedroom, one-bath units in a 1916-built apartment building with multiple remodels.

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Cash-Flowing 7-Plex Investment

920 N Walts Ave, Sioux Falls, SD 57104

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Seven-unit multifamily property with separately metered electric and recent updates including a newer roof and electrical.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 23 Active Listings in Sioux Falls, SD, we suggest to view alternatives - similar 11 Off-Market properties to explore as potential leads.

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.

APARTMENT HOUSE (100+ UNITS)

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

$6,235,000

Estimated value

91,161 sqft 1.46 AC lot

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Sioux Falls, SD Apartment Buildings Market Trends and Statistics

Explore 34 apartment buildings for sale in Sioux Falls, SD, showcased through 23 active listings on our real estate platform. These investment opportunities span a total of 982,939 square feet of properties for sale, with an estimated market value of $14,519,000.

Sale prices for two-family homes in Sioux Falls, SD start at $314,000, averaging $1,814,875, and reaching up to $7,950,000 — 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	$1.4M
57110	$8M

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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