New-Construction Duplex with
For Sale
$1,030,000
1113 S Foss Ave, Sioux Falls, SD 57110
MULTI-FAMILY, Sioux Falls, SD
Property Size5,592 SF
Lot Size0.41 Acres
Price / SF$184.19
Days on Market120
Property Features for 1113 S Foss Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 5, Bathroom 1, Basement, Bedroom 4, Bedroom 8, Bathroom 6, Bathroom 4, Bathroom 5, Bathroom 2
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
Dawley Farm Village
Elementary school
Rosa Parks ES
Middle school
Ben REifel Middle School
High school
Washington HS
Elementary school district
Sioux Falls
Middle school district
SiouxFalls
High school district
SiouxFalls
Directions
S Sycamore Ave to E on E 18th St to N on S Foss Ave to Property
Standard status
Active
APN
96495
Size
5,592 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Description
LOT 13 BLOCK 1 DAWLEY FARM VILLAGE ADDITION
Tax Annual Amount
8500
Legal Description
LOT 13 BLOCK 1 DAWLEY FARM VILLAGE ADDITION
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2025
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
HardiPlank Type, Stone Veneer
Roof type
Composition
Listing Agency:
CENTURY 21 Advantage · Century 21 Real Estate
Listed By:
David Shelton · License #14836
(605) 336-2121
Added: Jun 18
Changed: Oct 15
Last Checked: Oct 15 at 12:06PM
MLS# 22604048
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.
Investment Insights
Based on property information with market context.
This duplex is under construction and includes 5592 square feet across two ranch-style walkout residences. Each residence provides 4 bedrooms and 3 bathrooms, with an open-concept arrangement, vaulted ceilings, and abundant natural light. Quartz countertops, custom cabinetry, and stainless steel appliances define the kitchens, while tile, vinyl, and carpet flooring are used throughout. Washer and dryer appliances are included.
The property occupies 0.4062 acres at 1113 S Foss Ave in Sioux Falls, within the Dawley Farms Village Addition and near Dawley Farm Village. Public water and public sewer serve the property. Exterior construction combines HardiPlank Type and stone veneer, with a composition roof. Forced-air natural gas heating and electric cooling are specified, and the recorded year built is 2025.
The property occupies 0.4062 acres at 1113 S Foss Ave in Sioux Falls, within the Dawley Farms Village Addition and near Dawley Farm Village. Public water and public sewer serve the property. Exterior construction combines HardiPlank Type and stone veneer, with a composition roof. Forced-air natural gas heating and electric cooling are specified, and the recorded year built is 2025.
Key Highlights
- Duplex totaling 5592 square feet on a 0.4062‑acre parcel
- Each residence includes 4 bedrooms and 3 bathrooms
- Ranch‑style walkout residences with open‑concept floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,817
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,340
$976.3K
Cap Rate 7%
$697,386
$697.4K
Cap Rate 9%
$542,411
$542.4K
Market Conditions
NOI Build-Up for 5,592 SF
Gross rent
$77.2K $13.80/SF
− Vacancy
−$7.4K −$1.33/SF
EGI
$69.7K $12.47/SF
− OpEx
−$20.9K −$3.74/SF
NOI
$48.8K $8.73/SF
Area
Sioux Falls, SD
Vacancy
9.63%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,340
Cap Rate 7%
$697,386
Cap Rate 9%
$542,411
Alternative Uses
Best Use
Multifamily LT 5
$697.4K
$610.2K – $813.6K
NOI $48,817 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$639.6K
$559.7K – $746.2K
NOI $44,772 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,293 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 57110, SD
22,013
Population
9,178
Households
2.4
Avg Household Size
35
Median Age
43%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,053
Density / Sq Mi
$87,114
Median Household Income
$52,202
Median Earnings
$1,018
Median Rent
$365,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two ranch-style residences feature open layouts, quartz kitchens, and premium stainless steel appliances.
Where is this duplex located?
The property is located at 1113 S Foss Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,030,000.
What are key features of this property?
This property features: Duplex totaling 5592 square feet on a 0.4062‑acre parcel; Each residence includes 4 bedrooms and 3 bathrooms; Ranch‑style walkout residences with open‑concept floor plans
