Sioux Falls, SD Apartment Buildings for Sale

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Tea, SD Harrisburg, SD Renner, SD

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$675,000

5,832 SF

Sioux Falls 6-Plex Investment

1011 S 2nd Ave, Sioux Falls, SD 57105

Well-maintained 6-plex in central Sioux Falls with income potential.

Strong investment opportunity with reliable in‑place income.
Desirable mix of 1- and 2‑bedroom units appealing to a broad tenant base.
Convenient central Sioux Falls location.
Garage parking and additional off‑street parking available.
Additional income generated through on‑site laundry.

Updated: Apr 7

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$325,000

2,204 SF

High-Performing Sioux Falls 5-Plex

1118 W 8th St, Sioux Falls, SD 57104

Turnkey 5-unit property with strong rental upside and modern finishes.

High‑performing 5‑Plex with approximately $3,660/month gross rental potential.
Priced at $325K and exceeding the 1% Rule.
Each unit offers 1 bed, 1 bath, ensuring consistent tenant demand.
Recent improvements include fresh paint and new flooring/carpet in most units.
Detached garage adds additional income potential.

Updated: May 5

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$875,000

12,554 SF

Mixed-Use Property With Retail

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

2412 E 10th St, Sioux Falls, SD

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$2,600,000

19,432 SF

Sioux Falls Historic Apartments

Historically significant 18-unit apartment building in Sioux Falls.

703 S. Summit Avenue, Sioux Falls, SD 57104

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$2,600,000

Historic Art-Deco Apartment Building

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

703 S. Summit Avenue, Sioux Falls, SD 57104

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Sioux Falls Multifamily Investment Opportunity

$6,250,000

70,272 SF

Sioux Falls Multifamily Investment Opportunity

Two 42-unit buildings with remodeled units and high occupancy.

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

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$8,503,638

15.02 Acres

RV Park and Apartments

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

4501 W 12th St, Sioux Falls, SD

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Modern Multifamily Community in Sioux Falls

$28,200,000

215,169 SF

Modern Multifamily Community in Sioux Falls

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

950 N Cliff Ave, Sioux Falls, SD 57103

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Large Multifamily Community in Sioux Falls

$31,000,000

240,986 SF

Large Multifamily Community in Sioux Falls

248-unit apartment complex in established residential area.

4213 E 12th St, Sioux Falls, SD 57103

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Sioux Falls Multifamily Investment Property

$3,500,000

60,798 SF

Sioux Falls Multifamily Investment Property

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

3113 W 12th St, Sioux Falls, SD 57104

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$14,110,000

107,368 SF

Sioux Falls Multifamily Investment

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

1311 N Cleveland Ave, Sioux Falls, SD 57103

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Based on your search, we've compiled 30 Potential Opportunities for your consideration. Besides 11 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

$1,350,000

14,516 SF

Sixteen-Unit Multifamily Property For Sale

Fully leased multifamily property with recent renovations and garage stalls.

510 N. 5th Street, Beresford, SD 57004

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$1,750,000

75,000 SF

City Centre Condominium Complex

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

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

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$1,350,000

14,516 SF

Multifamily Investment Opportunity

Fully leased multifamily property with recent renovations and garage stalls.

510 N. 5th Street, Beresford, SD 57004

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$7,000,000

New Multifamily Property with Amenities

Multifamily property built in 2023 with assumable HUD loan.

120 W Hatting St, Luverne, MN 56156

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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.

$2,850,000

29.20 Acres

Prime Development Land, Springfield MO

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

N West Bypass, Springfield, MO 65802

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$285,000

0.74 Acres

Norman Land For Luxury Condos

Prime Norman land suitable for luxury condos development.

801 NW 36th Avenue, Norman, OK 73072

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$285,000

0.74 Acres

Buildable Lot for Luxury Condos

0.74 acre buildable lot zoned for low-density apartments.

801 36th Ave NW, Norman, OK 73072

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Entitled Multifamily Development Opportunity

$3,250,000

0.83 Acres

Entitled Multifamily Development Opportunity

Permitted 50-unit multifamily development with retail space for sale.

403 N River St lot: 403, 417, & 419, Hailey, ID 83333

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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) • 91,161 SF

Value Estimation

$6,235,000

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

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822 Minnesota Ave

APARTMENT HOUSE (5+ UNITS) • 37,350 SF

Value Estimation by Request

822 Minnesota Ave, Sioux Falls, SD 57104-2415

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512 Spg Ave

APARTMENT HOUSE (5+ UNITS) • 37,350 SF

Value Estimation by Request

512 Spg Ave, Sioux Falls, SD 57104-4300

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522 Main Ave

APARTMENT HOUSE (5+ UNITS) • 49,205 SF

Value Estimation

$3,390,000

522 Main Ave, Sioux Falls, SD 57104-5902

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5500 44Th St

Multifamily properties • 23,190 SF

Value Estimation by Request

5500 44Th St, Sioux Falls, SD 57106

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2809 Bragstad Dr

Multifamily properties

Value Estimation by Request

2809 Bragstad Dr, Sioux Falls, SD 57103

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321 Duluth Ave

Multifamily properties • 3,300 SF

Value Estimation by Request

321 Duluth Ave, Sioux Falls, SD 57104

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422 Spring Ave

Multifamily properties

Value Estimation by Request

422 Spring Ave, Sioux Falls, SD 57104

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519 Duluth Ave

Multifamily properties • 2,820 SF

Value Estimation by Request

519 Duluth Ave, Sioux Falls, SD 57104

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301 Spg Ave

APARTMENT HOUSE (5+ UNITS) • 63,348 SF

Value Estimation

$4,410,000

301 Spg Ave, Sioux Falls, SD 57104-3617

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320 3rd Ave

APARTMENT HOUSE (5+ UNITS) • 64,827 SF

Value Estimation

$4,640,000

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

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Sioux Falls, SD Apartment Buildings Investment Opportunities Market Analysis

Explore 22 apartment buildings for sale in Sioux Falls, SD, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 734,615 square feet of properties for sale, with an estimated market value of $87,535,000.

Sale prices for two-family homes in Sioux Falls, SD start at $325,000, averaging $9,726,111, 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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Property Size Breakdown

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

Demographics Overview

Population 204K

Population Growth (5Y) +15.2%

Median Household Income $77,935

College Educated 16.5%

High-Yield Neighborhoods for Strategic Investment

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

Neighborhood	Average Price
57105	$675K
57104	$2.3M
57103	$19.9M

Taxes & Financing

Tax Rate (average for all types) 1.71%

Property Tax per SF $30.71 per sq ft

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

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Sioux Falls, SD Apartment Buildings for Sale

Sioux Falls 6-Plex Investment

Well-maintained 6-plex in central Sioux Falls with income potential.

High-Performing Sioux Falls 5-Plex

Turnkey 5-unit property with strong rental upside and modern finishes.

Mixed-Use Property With Retail

Sioux Falls Historic Apartments

Historic Art-Deco Apartment Building

Sioux Falls Multifamily Investment Opportunity

RV Park and Apartments

Modern Multifamily Community in Sioux Falls

Large Multifamily Community in Sioux Falls

Sioux Falls Multifamily Investment Property

Sioux Falls Multifamily Investment

Opportunities in Nearby Cities

Sixteen-Unit Multifamily Property For Sale

City Centre Condominium Complex

Multifamily Investment Opportunity

New Multifamily Property with Amenities

Potential Development Sites for Consideration

Prime Development Land, Springfield MO

Norman Land For Luxury Condos

Buildable Lot for Luxury Condos

Entitled Multifamily Development Opportunity

Off-Market Properties in Sioux Falls, SD

111 7th St

822 Minnesota Ave

512 Spg Ave

522 Main Ave

5500 44Th St

2809 Bragstad Dr

321 Duluth Ave

422 Spring Ave

519 Duluth Ave

301 Spg Ave

320 3rd Ave

Sioux Falls, SD Apartment Buildings Investment Opportunities Market Analysis

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Strategic Investment

Taxes & Financing

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