Downtown Triplex
For Sale
$360,000
207 W 14th St, Sioux Falls, SD 57104
Three-unit income property positioned in downtown Sioux Falls near restaurants, shopping, and entertainment.
Property Size3,632 SF
Price / SF$99.12
Days on Market198
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Property Features for 207 W 14th St
General Information
Standard status
Active
Size
3,632 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1913
Listing Agency:
Axen Realty LLC
Listed By:
Chris Chase
(916) 490-2690
Source:
Siouxfallsareahomesearch
Added: Apr 1
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 Axen Realty LLC
Investment Insights
Based on property information with market context.
This triplex contains 3,632 square feet and was built in 1913. The property is located at 207 W 14th St in downtown Sioux Falls, placing it near restaurants, shopping, and entertainment venues.
The three-unit configuration supports multifamily rental use, while the central Sioux Falls location provides access to a range of nearby downtown amenities. Property details include a 1913 construction date and a total size of 3,632 square feet.
The three-unit configuration supports multifamily rental use, while the central Sioux Falls location provides access to a range of nearby downtown amenities. Property details include a 1913 construction date and a total size of 3,632 square feet.
Key Highlights
- Triplex configuration with three residential units
- 3,632 square feet of total property size
- Built in 1913
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,706
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,120
$634.1K
Cap Rate 7%
$452,943
$452.9K
Cap Rate 9%
$352,289
$352.3K
Market Conditions
NOI Build-Up for 3,632 SF
Gross rent
$50.1K $13.80/SF
− Vacancy
−$4.8K −$1.33/SF
EGI
$45.3K $12.47/SF
− OpEx
−$13.6K −$3.74/SF
NOI
$31.7K $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%
$634,120
Cap Rate 7%
$452,943
Cap Rate 9%
$352,289
Alternative Uses
Best Use
Multifamily LT 5
$452.9K
$396.3K – $528.4K
NOI $31,706 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$415.4K
$363.5K – $484.7K
NOI $29,080 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$986.2K
$863.0K – $1.15M
NOI $69,037 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,157
Businesses Nearby
Explore this area
Business Placement
Demographics for 57104, SD
26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
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?
Triplex - Three-unit income property positioned in downtown Sioux Falls near restaurants, shopping, and entertainment.
Where is this triplex located?
The property is located at 207 W 14th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Triplex configuration with three residential units; 3,632 square feet of total property size; Built in 1913
