Updated 2-Unit
New
For Sale
$430,000
1800 S Scenic Way, Sioux Falls, SD 57103
Both residences have private two-stall garages, and recent mechanical updates support the duplex’s refreshed interior.
Property Size3,268 SF
Price / SF$131.58
Days on Market6
Property Features for 1800 S Scenic Way
General Information
Standard status
Active
Size
3,268 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Building Details
Year Built
1995
Buildings
1
Tenancy
Multi
Listing Agency:
Hegg, Realtors
Listed By:
Amy Stockberger Real Estate
(605) 501-6622
Source:
Findahomeinsiouxfalls
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 9:11AM
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 Hegg, Realtors
Investment Insights
Based on property information with market context.
This 1995 duplex contains two residences, each with three bedrooms, two bathrooms, and a two-stall garage. The 3,268-square-foot property has vaulted ceilings and open living areas. Recent improvements include new carpet and flooring, along with AC and furnaces updated in 2024. One unit has a renovated kitchen with a large island and contemporary finishes.
The property is on a cul-de-sac at 1800 S Scenic Way in Sioux Falls, South Dakota.
The property is on a cul-de-sac at 1800 S Scenic Way in Sioux Falls, South Dakota.
Key Highlights
- Two‑unit duplex totaling 3,268 square feet
- Each unit has 3 bedrooms, 2 bathrooms, and its own 2‑stall garage
- AC and furnaces updated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,529
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,580
$570.6K
Cap Rate 7%
$407,557
$407.6K
Cap Rate 9%
$316,989
$317.0K
Market Conditions
NOI Build-Up for 3,268 SF
Gross rent
$45.1K $13.80/SF
− Vacancy
−$4.3K −$1.33/SF
EGI
$40.8K $12.47/SF
− OpEx
−$12.2K −$3.74/SF
NOI
$28.5K $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%
$570,580
Cap Rate 7%
$407,557
Cap Rate 9%
$316,989
Alternative Uses
Best Use
Multifamily LT 5
$407.6K
$356.6K – $475.5K
NOI $28,529 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$373.8K
$327.1K – $436.1K
NOI $26,165 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$887.4K
$776.5K – $1.04M
NOI $62,118 @ 7.0% cap · market cap 14.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
296
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private two-stall garages, and recent mechanical updates support the duplex’s refreshed interior.
Where is this duplex located?
The property is located at 1800 S Scenic Way Sioux Falls, SD.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,268 square feet; Each unit has 3 bedrooms, 2 bathrooms, and its own 2‑stall garage; AC and furnaces updated in 2024
