Furnished Duplex
202 N French Ave Sioux Falls, SD 57103
For Sale
$299,900
MULTI_FAMILY - Sioux Falls, SD
Property Size2,000 SF
Lot Size0.08 Acres
Price / SF$149.95
Days on Market186
Property Features for 202 N French Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Standard status
Active
APN
033943
Size
2,000 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
(EX E59.5) Lot 22 Block 1 GREATER SIOUX FALLS ADDN TO CITY OF SIOUX FALLS
Tax Annual Amount
2688
Building Details
Year built
1916
Number of units
2
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: Jan 23
Changed: Jul 15
Last Checked: Jul 28 at 3:06PM
MLS# 831620
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.
202 N French Ave is a well-maintained duplex containing two residential units. Each unit is fully furnished, and utilities are included in the rent. The property is currently operated as a mix of mid-term and long-term rentals.
The duplex is located in Sioux Falls, South Dakota (Minnehaha County). The listing notes that a new roof was installed in 2022.
With two separate units in place, the property provides a duplex configuration designed for rental use.
The duplex is located in Sioux Falls, South Dakota (Minnehaha County). The listing notes that a new roof was installed in 2022.
With two separate units in place, the property provides a duplex configuration designed for rental use.
Key Highlights
- Duplex built in 1916 with two residential units at 202 N French Ave in Sioux Falls, SD
- Both units are fully furnished with utilities included in the rent
- Currently operated with a mix of mid‑term and long‑term rentals
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 | $27.6k | $13.80 |
| − Vacancy | −$2.7k | −$1.33 |
| EGI | $24.9k | $12.47 |
| − OpEx | −$7.5k | −$3.74 |
| NOI | $17.5k | $8.73 |
2,000 SF · lease $13.80/SF/yr · vacancy 9.63% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$249.4K
$218.2K – $291.0K
NOI $17,459 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$228.8K
$200.2K – $266.9K
NOI $16,013 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 12.68%
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?
Duplex - Two residential units in a duplex, both fully furnished with utilities included in the rent.
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 $299,900.
What are key features of this property?
This property features: Duplex built in 1916 with two residential units at 202 N French Ave in Sioux Falls, SD; Both units are fully furnished with utilities included in the rent; Currently operated with a mix of mid‑term and long‑term rentals
