Two-Unit Duplex with Rental
For Sale
$289,900
1409 N Blauvelt Ave, Sioux Falls, SD 57103
Both residences are leased and include dedicated laundry areas.
Property Size1,824 SF
Price / SF$158.94
Days on Market54
Property Features for 1409 N Blauvelt Ave
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
dedicated laundry area
Listing Agency:
Casa Reynoza
Listed By:
Stephanie Ordonez
(605) 496-2692
Source:
Exprealty
Added: Aug 13
Changed: Sep 10
Last Checked: Oct 4 at 2:22PM
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 Casa Reynoza
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1824 SF, with each residence offering two bedrooms, one bathroom, and a dedicated laundry area. Both units are currently rented, providing established occupancy for the next owner.
The property is located at 1409 N Blauvelt Ave in Sioux Falls, with access to I-229 and nearby shopping, dining, employment, and other amenities.
The property is located at 1409 N Blauvelt Ave in Sioux Falls, with access to I-229 and nearby shopping, dining, employment, and other amenities.
Key Highlights
- Two‑unit duplex with 1824 SF
- Each unit includes 2 bedrooms and 1 bathroom
- Dedicated laundry area in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,923
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,460
$318.5K
Cap Rate 7%
$227,471
$227.5K
Cap Rate 9%
$176,922
$176.9K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$25.2K $13.80/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$22.7K $12.47/SF
− OpEx
−$6.8K −$3.74/SF
NOI
$15.9K $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%
$318,460
Cap Rate 7%
$227,471
Cap Rate 9%
$176,922
Alternative Uses
Best Use
Multifamily LT 5
$227.5K
$199.0K – $265.4K
NOI $15,923 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$208.6K
$182.6K – $243.4K
NOI $14,604 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,449
Businesses Nearby
Explore this area
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include dedicated laundry areas.
Where is this duplex located?
The property is located at 1409 N Blauvelt Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑unit duplex with 1824 SF; Each unit includes 2 bedrooms and 1 bathroom; Dedicated laundry area in each residence
