202 N French Ave, Sioux Falls, SD 57103
MULTI_FAMILY - Sioux Falls, SD
- Added:
- Jan 23, 2026
- Days on Market:
- 163
- Last Refresh:
- Jul 5 at 2:06 pm
Property Features for 202 N French Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- res
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2
- 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
Building Details
- Year built
- 1916
- Number of units
- 2
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
- 1916‑built duplex with 2 residential units at 202 N French Ave in Sioux Falls, SD
- New roof installed in 2022
- Units are currently operated as a mix of mid‑term and long‑term rentals
- Both units are fully furnished, with utilities included in the rent
Overview
The duplex is located in Sioux Falls, South Dakota, in a residential (res) zoning designation. It sits on a 0.08-acre lot, with a total property size of 2,000 square feet. A new roof was installed in 2022, helping reduce near-term capital expenditure and supporting long-term durability.
For buyers seeking a turnkey residential income property, the furnished, utility-included setup is designed to support flexible rental terms while limiting operational complexity. With two separate units, the duplex configuration can also appeal to investors looking for straightforward, two-unit exposure in a maintained building. This is an in-town duplex offering two ready-to-rent residential spaces, supported by the 2022 roof replacement.
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 | $27.6k | $13.80 |
| − Vacancy | −$2.7k | −$1.33 |
| EGI | $24.9k | $12.47 |
| − OpEx | −$7.5k | −$3.74 |
| NOI | $17.5k | $8.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.712494
- Latitude
- 43.548893
