Duplex with Remodeled Front
1115 N Duluth Ave, Sioux Falls, SD 57104
For Sale
$269,900
Both apartments have separate entrances and washer/dryer hookups, with off-street parking and a yard shed for storage.
Property Size2,250 SF
Price / SF$119.96
Days on Market81
Property Features for 1115 N Duluth Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hookups
yard shed
off street parking
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
The Experience Real Estate
(605) 940-5544
Listed By:
Kory Davis · License #10697
Source:
Davedaale
Added: Aug 19
Changed: Nov 7
Last Checked: Nov 7 at 2:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Experience Real Estate
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Investment Insights
Based on property information with market context.
This two-unit property has a 3-bedroom, 1-bath front apartment with 1,270 square feet and a 2-bedroom, 1-bath rear apartment with 980 square feet. The front apartment was remodeled in 2026. Each unit has two entrances and washer/dryer hookups. Both water heaters were replaced in 2017, and the front unit received a new furnace and A/C in 2018. Newer hardboard siding and vinyl windows complement the property, which also has off-street parking and a yard shed.
The property is at 1115 N Duluth Ave in Sioux Falls, with access to downtown, the airport and an interstate.
The property is at 1115 N Duluth Ave in Sioux Falls, with access to downtown, the airport and an interstate.
Key Highlights
- Two apartments: front unit has 3 bedrooms, 1 bath and 1,270 square feet; rear unit has 2 bedrooms, 1 bath and 980 square feet
- Front apartment remodeled in 2026
- Two entrances and washer/dryer hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,642
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,840
$392.8K
Cap Rate 7%
$280,600
$280.6K
Cap Rate 9%
$218,244
$218.2K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$31.1K $13.80/SF
− Vacancy
−$3.0K −$1.33/SF
EGI
$28.1K $12.47/SF
− OpEx
−$8.4K −$3.74/SF
NOI
$19.6K $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%
$392,840
Cap Rate 7%
$280,600
Cap Rate 9%
$218,244
Alternative Uses
Best Use
Multifamily LT 5
$280.6K
$245.5K – $327.4K
NOI $19,642 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$257.4K
$225.2K – $300.3K
NOI $18,015 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 57104, SD
26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have separate entrances and washer/dryer hookups, with off-street parking and a yard shed for storage.
Where is this duplex located?
The property is located at 1115 N Duluth Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two apartments: front unit has 3 bedrooms, 1 bath and 1,270 square feet; rear unit has 2 bedrooms, 1 bath and 980 square feet; Front apartment remodeled in 2026; Two entrances and washer/dryer hookups in each unit
