Furnished Duplex with New
For Sale
$299,900
202 N French Ave, Sioux Falls, SD 57103
Multi-Unit, Sioux Falls, SD
Property Size2,000 SF
Lot Size0.08 Acres
Price / SF$149.95
Days on Market255
Property Features for 202 N French Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
Directions
From 6th & Phillips, north on Phillips, west on 7th, north on French to east side.
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
033943
Size
2,000 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
(EX E59.5) Lot 22 Block 1 GREATER SIOUX FALLS ADDN TO CITY OF SIOUX FALLS
Tax Annual Amount
2688
Legal Description
(EX E59.5) Lot 22 Block 1 GREATER SIOUX FALLS ADDN TO CITY OF SIOUX FALLS
Building Details
Year built
1916
Number of units
2
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: Jan 23
Changed: Sep 23
Last Checked: Oct 5 at 7:06PM
MLS# 831620
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.
Investment Insights
Based on property information with market context.
Located at 202 N French Ave in Sioux Falls, this duplex contains two residential units within a 2,000-square-foot property on a 0.08-acre lot. The building includes four bedrooms and two bathrooms, with both units furnished for occupancy.
The property is currently operated with a combination of mid-term and long-term rentals. Utilities are included in the rent, supporting a straightforward rental structure for the existing setup. Built in 1916, the building received a new roof in 2022. Zoning is listed as res, and the property is situated in Sioux Falls, South Dakota, within Minnehaha County.
The property is currently operated with a combination of mid-term and long-term rentals. Utilities are included in the rent, supporting a straightforward rental structure for the existing setup. Built in 1916, the building received a new roof in 2022. Zoning is listed as res, and the property is situated in Sioux Falls, South Dakota, within Minnehaha County.
Key Highlights
- Duplex with 2 residential units
- 2,000 square feet on a 0.08‑acre lot
- Four bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,459
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,180
$349.2K
Cap Rate 7%
$249,414
$249.4K
Cap Rate 9%
$193,989
$194.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$27.6K $13.80/SF
− Vacancy
−$2.7K −$1.33/SF
EGI
$24.9K $12.47/SF
− OpEx
−$7.5K −$3.74/SF
NOI
$17.5K $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%
$349,180
Cap Rate 7%
$249,414
Cap Rate 9%
$193,989
Alternative Uses
Best Use
Multifamily LT 5
$249.4K
$218.2K – $291.0K
NOI $17,459 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$228.8K
$200.2K – $266.9K
NOI $16,013 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,248
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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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units support mid-term and long-term rental arrangements with furnishings and utilities included.
Where is this duplex located?
The property is located at 202 N French Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Duplex with 2 residential units; 2,000 square feet on a 0.08‑acre lot; Four bedrooms and two bathrooms
