Occupied
1218 W 10th St, Sioux Falls, SD 57104
For Sale
New
$250,000
Each residence has an occupant; recent work includes kitchen flooring, interior paint, and a replacement AC in Unit 1218.
Property Size2,432 SF
Price / SF$102.80
Days on Market2
Property Features for 1218 W 10th St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
Keller Williams Realty Sioux Falls
Listed By:
Amy Stockberger Real Estate
(605) 501-6622
Source:
Findahomeinsiouxfalls
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 8 at 5:55PM
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 Keller Williams Realty Sioux Falls
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,432-square-foot duplex was built in 1916 and contains two residences. Both are occupied. Recent updates include new kitchen flooring and interior paint, along with an air conditioner replacement in Unit 1218.
The property is at 1218 W 10th St in Sioux Falls, near downtown.
The property is at 1218 W 10th St in Sioux Falls, near downtown.
Key Highlights
- Two residences, both occupied
- 2,432 square feet; built in 1916
- Kitchen flooring and interior paint updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,231
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,620
$424.6K
Cap Rate 7%
$303,300
$303.3K
Cap Rate 9%
$235,900
$235.9K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$33.6K $13.80/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$30.3K $12.47/SF
− OpEx
−$9.1K −$3.74/SF
NOI
$21.2K $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%
$424,620
Cap Rate 7%
$303,300
Cap Rate 9%
$235,900
Alternative Uses
Best Use
Multifamily LT 5
$303.3K
$265.4K – $353.9K
NOI $21,231 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$278.2K
$243.4K – $324.5K
NOI $19,472 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$660.4K
$577.8K – $770.5K
NOI $46,227 @ 7.0% cap · market cap 18.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
740
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has an occupant; recent work includes kitchen flooring, interior paint, and a replacement AC in Unit 1218.
Where is this duplex located?
The property is located at 1218 W 10th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two residences, both occupied; 2,432 square feet; built in 1916; Kitchen flooring and interior paint updated
