Occupied Duplex with Garage
For Sale
$214,900
2700 E 12th St, Sioux Falls, SD 57103
Fully leased two-unit property with independent entrances and electric meters on a corner lot.
Property Size1,260 SF
Price / SF$170.56
Days on Market62
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Property Features for 2700 E 12th St
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$27,475
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Hegg, Realtors
Listed By:
Amy Stockberger Real Estate
(605) 501-6622
Source:
Findahomeinsiouxfalls
Added: Aug 15
Changed: Oct 15
Last Checked: Oct 14 at 10:42PM
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 Hegg, Realtors
Investment Insights
Based on property information with market context.
Built in 1930, this 1,260-square-foot duplex contains two separate units, each arranged with 1 bedroom and 1 bathroom. Independent entrances and separate electric meters support distinct unit access and utility management. The property is being sold as-is, with both units occupied at closing.
Situated at 2700 E 12th St in Sioux Falls, the duplex occupies a corner lot with room for a detached garage. Concept renderings are available for the garage addition, providing a defined starting point for evaluating that improvement. The combination of existing occupancy, separated utilities, and a two-unit layout offers a straightforward residential income property configuration.
Situated at 2700 E 12th St in Sioux Falls, the duplex occupies a corner lot with room for a detached garage. Concept renderings are available for the garage addition, providing a defined starting point for evaluating that improvement. The combination of existing occupancy, separated utilities, and a two-unit layout offers a straightforward residential income property configuration.
Key Highlights
- Two‑unit duplex with both units currently occupied
- Each unit includes 1 bedroom and 1 bathroom
- 1,260 square feet; built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,999
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,980
$220.0K
Cap Rate 7%
$157,129
$157.1K
Cap Rate 9%
$122,211
$122.2K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$17.4K $13.80/SF
− Vacancy
−$1.7K −$1.33/SF
EGI
$15.7K $12.47/SF
− OpEx
−$4.7K −$3.74/SF
NOI
$11.0K $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%
$219,980
Cap Rate 7%
$157,129
Cap Rate 9%
$122,211
Alternative Uses
Best Use
Multifamily LT 5
$157.1K
$137.5K – $183.3K
NOI $10,999 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$144.1K
$126.1K – $168.1K
NOI $10,088 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$342.1K
$299.4K – $399.2K
NOI $23,950 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
384
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 - Fully leased two-unit property with independent entrances and electric meters on a corner lot.
Where is this duplex located?
The property is located at 2700 E 12th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Two‑unit duplex with both units currently occupied; Each unit includes 1 bedroom and 1 bathroom; 1,260 square feet; built in 1930
