Duplex with Private
New
For Sale
$205,000
116 N Van Eps Ave, Sioux Falls, SD 57103
MULTI-FAMILY, Sioux Falls, SD
Property Size1,142 SF
Lot Size0.13 Acres
Price / SF$179.51
Days on Market3
Property Features for 116 N Van Eps Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Appliances
Range, Refrigerator
Subdivision
East Sioux Falls Addn
Elementary school
Terry Redlin ES
Middle school
Patrick Henry MS
High school
Lincoln HS
Elementary school district
Sioux Falls
Middle school district
SiouxFalls
High school district
SiouxFalls
Directions
10th st to Van Eps, North on Van Eps
Standard status
Active
APN
30302
Size
1,142 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
S 44` N 88` NW14 BLOCK 9 EAST SIOUX FALLS ADDN IN CITY OF SIOUX FALLS
Tax Annual Amount
2271
Legal Description
S 44` N 88` NW14 BLOCK 9 EAST SIOUX FALLS ADDN IN CITY OF SIOUX FALLS
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
shared backyard
Building Details
Year built
1910
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Building materials
HardiPlank Type, Wood Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty Sioux Falls
Listed By:
Matthew Fisher · License #17541
(605) 275-0555
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 31 at 1:06AM
MLS# 22608190
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.
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Investment Insights
Based on property information with market context.
This Sioux Falls duplex contains two residences, each with two bedrooms, one full bathroom, and a private entrance. The 1,142-square-foot property sits on a 0.1333-acre lot. Recent updates include fresh paint and new flooring; interior finishes include carpet and laminate. The building was constructed in 1910 and has HardiPlank Type and wood siding.
Paved parking serves residents and guests, while a shared backyard provides outdoor space. Public water and sewer serve the property. Heating is natural gas, and cooling is provided by window units.
Paved parking serves residents and guests, while a shared backyard provides outdoor space. Public water and sewer serve the property. Heating is natural gas, and cooling is provided by window units.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- Private entrance for each residence
- 1,142 square feet on a 0.1333‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,969
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,380
$199.4K
Cap Rate 7%
$142,414
$142.4K
Cap Rate 9%
$110,767
$110.8K
Market Conditions
NOI Build-Up for 1,142 SF
Gross rent
$15.8K $13.80/SF
− Vacancy
−$1.5K −$1.33/SF
EGI
$14.2K $12.47/SF
− OpEx
−$4.3K −$3.74/SF
NOI
$10.0K $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%
$199,380
Cap Rate 7%
$142,414
Cap Rate 9%
$110,767
Alternative Uses
Best Use
Multifamily LT 5
$142.4K
$124.6K – $166.2K
NOI $9,969 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$130.6K
$114.3K – $152.4K
NOI $9,143 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$310.1K
$271.3K – $361.8K
NOI $21,707 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
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Business Placement
Demographics for 57103, SD
36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences each provide two bedrooms, one full bathroom, and access to paved parking and a shared backyard.
Where is this duplex located?
The property is located at 116 N Van Eps Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; Private entrance for each residence; 1,142 square feet on a 0.1333‑acre lot
