310 & 308 S Walts Ave, Sioux Falls, SD 57104
MULTI_FAMILY - Sioux Falls, SD
- Added:
- May 20, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 5 at 6:06 pm
Property Features for 310 & 308 S Walts Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Appliances
- Range, Refrigerator
- Standard status
- Active
- APN
- 42302
- Size
- 1,813 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- N23 15 & W12 S12 16 Block 30 Pettigrew's Addn To City Of Sioux Falls
- Tax Annual Amount
- 3293
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1885
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- Wood Siding
- Roof type
- Composition
Listing agent Aiden Schoenhard (605) 360-7506
Listing office Ekholm Team Real Estate 1101 W Glen Eagle Cr, Sioux Falls, SD (605) 360-7506
Listing date May 20, 2026
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑performing 2‑unit duplex built in 1885, priced at $225k
- Gross potential rent of $2,024/mo ($1,050 upper and $974 lower)
- Each unit offers 2 bedrooms and 1 bathroom, with separate meters and individual HVAC
- Tenants pay all utilities; public water and public sewer service
- Includes a full basement, shared laundry area, and a 2‑stall garage plus large driveway for parking
- Natural gas heat, electric cooling, vinyl and tile flooring, and a composition roof
Overview
The property is located in Sioux Falls, SD 57104, in Minnehaha County, and is described as being minutes from Downtown Sioux Falls. The duplex is presented as a turn-key asset, with an indicated gross potential rent of $2,024 per month ($1,050 for the upper unit and $974 for the lower unit).
For investors and owner-occupants, the unit-by-unit utility setup and practical internal improvements make this duplex straightforward to operate. The two separate HVAC systems and separate metering can support tenant responsibility for utilities, while the on-site laundry and basements add everyday convenience for residents. The property is offered for sale at $215,000.
Local 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 | $25.0k | $13.80 |
| − Vacancy | −$2.4k | −$1.33 |
| EGI | $22.6k | $12.47 |
| − OpEx | −$6.8k | −$3.74 |
| NOI | $15.8k | $8.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.738201
- Latitude
- 43.54422
