1011 S 2nd Ave, Sioux Falls, SD 57105
MULTI_FAMILY - Sioux Falls, SD
- Added:
- Apr 7, 2026
- Days on Market:
- 64
- Last Refresh:
- Jun 9 at 8:06 pm
Property Features for 1011 S 2nd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Appliances
- Dishwasher, Range, Refrigerator
- Standard status
- Active
- APN
- 26711
- Size
- 5,832 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- Lot 10 Block 2 Boulevard Addn To City Of Sioux Falls
- Tax Annual Amount
- 5750
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1971
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Carpet, Laminate
- Building materials
- Brick
- Roof type
- Tar/Gravel
Listing agent Kim Hofer (605) 413-7522
Listing office Better Homes and Gardens Real Estate Beyond 5915 S Remington PL. Ste 100, Sioux Falls, SD (605) 275-4663
Listing date Apr 7, 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
- 6‑plex with a mix of 1- and 2‑bedroom units in central Sioux Falls
- On‑site laundry provides additional income
- Garage parking for tenants plus off‑street parking accessible via the alley
- Utilities include public water and public sewer; natural gas heat
- Brick construction with tar/gravel roof; built in 1971
- Appliances include dishwasher, range, and refrigerator
Overview
Local Financial Insights For Apartment 5plus
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 | $94.5k | $16.20 |
| − Vacancy | −$9.6k | −$1.64 |
| EGI | $84.9k | $14.56 |
| − OpEx | −$38.2k | −$6.55 |
| NOI | $46.7k | $8.01 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.724136
- Latitude
- 43.5362211
