Four-Unit Multifamily
201 N French Ave Sioux Falls, SD 57103
For Sale
$374,900
MULTI_FAMILY - Sioux Falls, SD
Property Size2,729 SF
Lot Size0.09 Acres
Price / SF$137.38
Days on Market186
Property Features for 201 N French Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 8, Bedroom 5, Bedroom 4, Bathroom 4
Standard status
Active
APN
033983
Size
2,729 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 20 (EX W 55') BLOCK 2 GREATER SIOUX FALLS ADDN TO CITY OF SIOUX FALLS
Tax Annual Amount
3570
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1915
Number of units
4
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: Jan 23
Changed: Jul 22
Last Checked: Jul 28 at 3:06PM
MLS# 831621
Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
201 N French Ave is a four-unit multifamily property configured as two 1-bedroom/1-bath units and two 3-bedroom/1-bath units. Three of the units are described as renovated, with the fourth unit reported as in progress.
The building received a new roof in 2022. The property is located in Sioux Falls, South Dakota, within Minnehaha County.
With a compact lot and an established 4-plex layout, the asset offers an owner the ability to manage tenant mix across the smaller and larger unit sizes while continuing interior improvements on the remaining unit.
The building received a new roof in 2022. The property is located in Sioux Falls, South Dakota, within Minnehaha County.
With a compact lot and an established 4-plex layout, the asset offers an owner the ability to manage tenant mix across the smaller and larger unit sizes while continuing interior improvements on the remaining unit.
Key Highlights
- Four‑unit multifamily at 201 N French Ave with two 1‑bed/1‑bath and two 3‑bed/1‑bath units
- Three units are renovated, with the fourth unit in progress
- New roof installed in 2022
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.7k | $13.80 |
| − Vacancy | −$3.6k | −$1.33 |
| EGI | $34.0k | $12.47 |
| − OpEx | −$10.2k | −$3.74 |
| NOI | $23.8k | $8.73 |
2,729 SF · lease $13.80/SF/yr · vacancy 9.63% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.3K
$297.8K – $397.1K
NOI $23,823 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$312.1K
$273.1K – $364.2K
NOI $21,850 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$741.0K
$648.4K – $864.6K
NOI $51,873 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with two 1-bed/1-bath and two 3-bed/1-bath units, plus a roof replacement in 2022.
Where is this quadplex located?
The property is located at 201 N French Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Four‑unit multifamily at 201 N French Ave with two 1‑bed/1‑bath and two 3‑bed/1‑bath units; Three units are renovated, with the fourth unit in progress; New roof installed in 2022
