Furnished Duplex with New
For Sale
$299,900
202 N French Ave, Sioux Falls, SD 57103
Two residential units support a mix of mid-term and long-term rental arrangements with furnished interiors and utilities included.
Property Size1,000 SF
Price / SF$299.90
Days on Market356
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Property Features for 202 N French Ave
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
2
Building Details
Year Built
1916
Listing Agency:
Gateway Real Estate Advisors
Listed By:
Daniel Stillson · License #S73739000
(712) 739-0830
Source:
Siouxfallsareahomesearch
Added: Oct 25, 2025
Changed: Oct 1
Last Checked: Oct 14 at 11:17PM
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 Gateway Real Estate Advisors
Investment Insights
Based on property information with market context.
Located at 202 N French Ave in Sioux Falls, this duplex contains two residential units and is configured for flexible rental use. Both residences are furnished, and utilities are included in the rent. The property is currently operated with one mid-term and one long-term rental strategy.
A new roof was installed in 2022, updating a major building component. Built in 1916, the property offers an established residential structure in Sioux Falls, SD, with furnishings and utility-inclusive rental arrangements already in place.
A new roof was installed in 2022, updating a major building component. Built in 1916, the property offers an established residential structure in Sioux Falls, SD, with furnishings and utility-inclusive rental arrangements already in place.
Key Highlights
- Two residential units in a duplex configuration
- Both units are fully furnished
- Current rental strategy combines mid‑term and long‑term occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,730
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,600
$174.6K
Cap Rate 7%
$124,714
$124.7K
Cap Rate 9%
$97,000
$97.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$13.8K $13.80/SF
− Vacancy
−$1.3K −$1.33/SF
EGI
$12.5K $12.47/SF
− OpEx
−$3.7K −$3.74/SF
NOI
$8.7K $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%
$174,600
Cap Rate 7%
$124,714
Cap Rate 9%
$97,000
Alternative Uses
Best Use
Multifamily LT 5
$124.7K
$109.1K – $145.5K
NOI $8,730 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$114.4K
$100.1K – $133.5K
NOI $8,007 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$271.5K
$237.6K – $316.8K
NOI $19,008 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units support a mix of mid-term and long-term rental arrangements with furnished interiors 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: Two residential units in a duplex configuration; Both units are fully furnished; Current rental strategy combines mid‑term and long‑term occupancy
