201 N French Ave, Sioux Falls, SD 57103
MULTI_FAMILY - Sioux Falls, SD
- Added:
- Jan 23, 2026
- Days on Market:
- 146
- Last Refresh:
- Jun 18 at 8:06 am
Property Features for 201 N French Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- res
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 8
- Standard status
- Active
- APN
- 033983
- Size
- 2,729 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 20 (EX W 55') BLOCK 2 GREATER SIOUX FALLS ADDN TO CITY OF SIOUX FALLS
- Tax Annual Amount
- 3570
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1915
- Number of units
- 4
Listing agent Nic Madsen (712) 540-6562
Listing office Gateway Real Estate Advisors 700 Nebraska St, Dakota Dunes, SD (712) 226-8000
Listing date Jan 23, 2026
Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2,792 SF 4‑plex at 201 N French Ave in Sioux Falls
- Unit mix includes two lower 3 bed/1 bath units and two upper 1 bed/1 bath units
- Three of four units have been recently renovated
- New roof installed in 2022
- Forced air heating and window unit cooling
- Includes 8 bedrooms and 4 bathrooms across the four units
Overview
The property is zoned for residential use (res) and is located in Sioux Falls, SD within Minnehaha County. The building’s unit mix creates flexibility for prospective tenants seeking either larger or more compact layouts.
This configuration may suit an investor or owner-operator looking for a multi-family property with an income-producing mix of unit types, including recently updated living spaces. With roof replacement completed in 2022 and renovations already completed in three units, buyers may find it practical to plan budgeting and turnover based on the remaining unit’s condition. The current residential-focused zoning supports continued use as a rental 4-plex under applicable local requirements.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.7k | $13.80 |
| − Vacancy | −$3.6k | −$1.33 |
| EGI | $34.0k | $12.47 |
| − OpEx | −$10.2k | −$3.74 |
| NOI | $23.8k | $8.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.713074
- Latitude
- 43.548801
