1012 W 8th St St E, Sioux Falls, SD 57104
MULTI_FAMILY - Sioux Falls, SD
- Added:
- Feb 27, 2026
- Days on Market:
- 120
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 1012 W 8th St St E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Appliances
- Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 28859
- Size
- 2,478 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- E13 10 TO 12 BLOCK 5 COVELL`S 1ST-ADDN TO CITY OF SIOUX FALLS
- Tax Annual Amount
- 3944
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Vinyl Siding
Listing agent Alem Gabremariam (605) 275-0555
Listing office Keller Williams Realty Sioux Falls 6300 S Connie Avenue, Sioux Falls, SD (605) 275-0555
Listing date Feb 27, 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
- Duplex built in 1965 with vinyl siding
- Main floor unit features 3 bedrooms and 1 full bath (two bedrooms on the main level and one in the basement)
- Upper unit offers 2 bedrooms and 1 full bath
- Each unit has its own washer/dryer hookup and includes appliances such as washer, dryer, range, microwave, and refrigerator
- Utilities include public water and public sewer, with natural gas hot water heating and electric cooling
- Recent update noted: water heater for the upper unit
Overview
The property is located within close proximity to downtown Sioux Falls, in Minnehaha County. The lot size is listed at 0.1515 acres, and the building size is 2,478 square feet.
This configuration can fit investors looking for a two-unit income property and buyers who want the option to live in one unit while renting the other. The established unit mix—3 bed/1 bath on the main level and 2 bed/1 bath upstairs—may appeal to a range of household types seeking in-home laundry hookups. Recent updates and the upper unit water heater provide additional comfort for day-to-day ownership.
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 | $34.2k | $13.80 |
| − Vacancy | −$3.3k | −$1.33 |
| EGI | $30.9k | $12.47 |
| − OpEx | −$9.3k | −$3.74 |
| NOI | $21.6k | $8.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.742049
- Latitude
- 43.548759
