Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    202 N French Ave Sioux Falls, SD 57103

    Sponsored
    For Sale
    $324,900

    Multi-Unit - Sioux Falls, SD

    Property size:
    2,000 SF
    Lot size:
    0.08 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 10 at 3:06 pm

    Property Features for 202 N French Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    res
    APN
    033943
    Size
    2,000 SF
    Lot size
    0.08 Acres

    Building Details

    Year built
    1916
    Architectural style
    Other

    We can help!

    Listing Contact
    Nic Madsen

    Gateway Real Estate Advisors (712) 898-8372

    Listing agent Nic Madsen (712) 226-8000

    Listing date Feb 9, 2026

    MLS# 831620 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Sioux Falls Duplex Investment Opportunity

    Located in Sioux Falls, SD, 202 N French Ave is a duplex investment opportunity. The property features two residential units and is currently operated as a mix of mid-term and long-term rentals. Both units are fully furnished, with utilities included in the rent. The property, zoned for residential use, offers immediate cash flow. The building has a total area of 2000 square feet and sits on a 0.08-acre lot. A new roof was installed in 2022.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7124931
    Latitude
    43.5488916

    Nearby Similar for Sale

    • New
      $354,900
      Pending

      Sioux Falls Duplex with Garage

      South Sioux Falls duplex featuring a detached garage and spacious layout.
      3801 S Hawthorne Ave, Sioux Falls, SD 57105
      View Details
    • $1,000,000
      Pending

      Functional Industrial Property in Sioux Falls

      Well-maintained industrial property with flexible space and convenient access.
      701 E 48Th St N, Sioux Falls, SD 57106
      View Details
    • $340,000
      2,082 SF

      Well-Maintained Duplex in Sioux Falls

      Updated duplex with separate utilities and convenient location.
      616 N Garfield Ave, Sioux Falls, SD 57104
      View Details
    • $340,000
      2,082 SF

      Well-Maintained Duplex in Sioux Falls

      Updated duplex with separate utilities and strong rental history.
      616 N Garfield Ave, Sioux Falls, SD 57104
      View Details
    • $365,000
      Pending

      Sioux Falls Duplex For Sale

      Duplex in Sioux Falls with immediate income potential.
      2204 S Holt Ave, Sioux Falls, SD 57103
      View Details
    • New
      $1,100,000
      8,750 SF

      Sioux Falls Commercial Opportunity

      Two buildings near Sycamore Ave and Arrowhead Pkwy.
      600 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • $199,000
      Pending

      Sioux Falls Duplex: Investment Opportunity

      Versatile duplex near Sanford and USF, great for investors.
      710 S Walts Ave, Sioux Falls, SD 57104
      View Details
    • $1,500,000
      18,296 SF

      Sioux Falls Showroom with Visibility

      Highly visible showroom on E 10th St with ample parking.
      2715 E 10Th St, Sioux Falls, SD 57103
      View Details
    • $499,900
      2,256 SF

      Turnkey Sioux Falls Multifamily Investment

      Fully furnished, four-unit property near downtown Sioux Falls.
      1035 N Spring Ave, Sioux Falls, SD 57104
      View Details
    • $685,000
      5,200 SF

      Sioux Falls Four-Plex Townhomes

      Immaculately maintained four-plex in a desirable Sioux Falls location.
      2800 E Madison St, Sioux Falls, SD 57103
      View Details
    • Contact for pricing
      4,750 SF

      Sioux Falls Commercial Property

      4,750 sq ft commercial space in Sioux Falls, SD.
      600 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • $245,000
      1,142 SF

      Sioux Falls Multifamily Duplex

      Multifamily duplex with two units, ideal for investment or owner-occupancy.
      116 N Van Eps Ave, Sioux Falls, SD 57103
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Sioux Falls with immediate cash flow.
    Where is this duplex located?
    The property is located at 202 N French Ave Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: - Immediate cash flow from existing mid-term and long-term rentals.; - Turnkey investment with fully furnished units and utilities included in rent.; - New roof installed in 2022, minimizing near-term capital expenditure.
    (712) 226-8000
    Request Owner's contact information
    202 N French Ave Sioux Falls, SD 57103
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    202 N French Ave
    Sioux Falls, SD 57103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 N French Ave Sioux Falls, SD 57103
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nic Madsen
    (712) 226-8000
    Learn more
    Google sign-in failed. Please try again or use another login method.