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    Sioux Falls Multifamily Investment Property Title is generated by Realmo AI

    5100 W 47 St, Sioux Falls, SD 57106

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    Claim this Listing
    For Sale
    $370,000

    MULTI_FAMILY - Sioux Falls, SD

    Property size:
    2,431 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $152/SF
    Added:
    Mar 5, 2026
    Days on Market:
    95
    Last Refresh:
    Jun 8 at 11:06 am

    Property Features for 5100 W 47 St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Not Verified
    Rooms
    Basement
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    029288
    Size
    2,431 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Description
    Lot 5 Blk 3 Covington Heights addn to City of Sioux Falls
    Tax Annual Amount
    3654

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Vinyl, Laminate
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Ruth Wiersma

    Listing agent Ruth Wiersma

    Listing office Keller Williams Realty Sioux Falls 6300 S Connie Avenue, Sioux Falls, SD

    Listing date Mar 5, 2026

    MLS# 22601453 Listing URL

    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

    • Two‑unit layout: one 3‑bedroom unit and one 2‑bedroom unit
    • Tenants pay all utilities
    • Public water and public sewer
    • Natural gas heating with electric cooling
    • Updates include newer shingles, radon mitigation system, newer windows and slider
    • Vinyl siding with composition roof; includes front porches and basement

    Overview

    This multifamily property in Sioux Falls, SD, presents a great investment opportunity. The property includes two units: one with 3 bedrooms and another with 2 bedrooms. Tenants are responsible for all utility payments. The property features a large backyard offering considerable privacy. Updates include newer shingles, a radon mitigation system, newer windows and slider, newer metal siding, and front porches. The lot size is 0.2112 acres. The property size is 2431 square feet.

    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 $33.5k $13.80
    − Vacancy −$3.2k −$1.33
    EGI $30.3k $12.47
    − OpEx −$9.1k −$3.74
    NOI $21.2k $8.73
    2,431 SF · lease $13.80/SF/yr · vacancy 9.63% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $303.2K
    $265.3K – $353.7K (±1% cap)
    NOI $21,222 @ 7.0% cap · market cap 5.74%
    Second Best
    Apartment 5plus
    $278.1K
    $243.3K – $324.4K (±1% cap)
    NOI $19,464 @ 7.0% cap · market cap 5.26%
    Theoretical Best
    Office A
    $660.1K
    $577.6K – $770.1K (±1% cap)
    NOI $46,208 @ 7.0% cap · market cap 12.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

    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
    -96.7885674
    Latitude
    43.5093838

    FAQs

    What type of property is this?
    Duplex - Multifamily property with updated features and large backyard.
    Where is this duplex located?
    The property is located at 5100 W 47 St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: Two‑unit layout: one 3‑bedroom unit and one 2‑bedroom unit; Tenants pay all utilities; Public water and public sewer
    More about this property
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