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Nine-Unit One-Bedroom Apartment Building
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316 E 15th St, Sioux Falls, SD 57104

Nine one-bedroom, one-bath units in a 1916-built apartment building with multiple remodels.

Property SizeContact for details
Days on Market134

Property Features for 316 E 15th St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 9

Building Details

Year Built 1916
Listing Agency: Bender Commercial
Listed By: Nick Gustafson · License #SD 12071
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 8:57AM

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 Bender Commercial

Investment Insights

Based on property information with market context.

This apartment building offers nine one-bedroom, one-bath units. Constructed in 1916, the property has undergone multiple remodels over time.

Located at 316 E 15th St in Sioux Falls, SD, the building is described as one block from downtown, with easy access to Sunshine Foods, the Washington Pavilion, and the Sioux Falls State Theatre, along with nearby shopping, restaurants, and entertainment.

The current unit mix provides a consistent residential configuration centered on one-bedroom layouts and one full bath per unit.

Key Highlights

  • Nine 1‑bedroom, 1‑bath units
  • Built in 1916 apartment building with multiple remodels
  • Located one block from downtown Sioux Falls

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Carpet & Flooring Store Acupuncture (Bike/Boat/Book/etc) Store Electrical Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

2,961
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine one-bedroom, one-bath units in a 1916-built apartment building with multiple remodels.
Where is this apartment building located?
The property is located at 316 E 15th St Sioux Falls, SD.
What are key features of this property?
This property features: Nine 1‑bedroom, 1‑bath units; Built in 1916 apartment building with multiple remodels; Located one block from downtown Sioux Falls
(605) 336-7600 Call to check price and availability
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