3005 S Cliff Ave, Sioux Falls, SD 57105
MULTI_FAMILY - Sioux Falls, SD
- Added:
- Mar 24, 2026
- Days on Market:
- 78
- Last Refresh:
- Jun 9 at 8:06 pm
Property Features for 3005 S Cliff Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Not Verified
- Rooms
- Basement
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 51006
- Size
- 4,260 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Description
- (EX H-1) FISCHER`S LOT 1 REPLAT OF 4 TO 6 & PT 7 BLOCK 8 VALLEY PARK 2ND ADDN TO CITY OF SIOUX FALLS
- Tax Annual Amount
- 10441
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Building materials
- HardiPlank Type
- Roof type
- Composition
Listing agent David Kerkhove License #4142 (605) 310-1162
Listing office RE/MAX Professionals Inc 606 W 33rd St, Sioux Falls, SD (605) 334-8585
Listing date Mar 24, 2026
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Well‑maintained 4‑plex in southeastern Sioux Falls with large units
- Central air plus hot water boiler heat
- Wood‑burning fireplaces and in‑unit appliances including range, refrigerator, washer, and dryer
- Includes composition roof, HardiPlank construction, and carpet/vinyl flooring
- 8 total garages and the property is fully leased
- Public water and public sewer
Overview
Located in southeastern Sioux Falls, the property is situated on a lot totaling 0.4802 acres. The address is 3005 S Cliff Ave, Sioux Falls, SD 57105, in Minnehaha County.
For buyers seeking a multifamily income property, this 4-plex provides a straightforward unit mix with practical in-unit amenities like central air, boiler heat, and wood-burning fireplaces, plus a substantial garage count. With all units currently leased, it may appeal to an owner looking to take over an operating property. The seller, who is a licensed real estate agent in South Dakota, notes the property’s layout could also be considered for alternative short-term use; however, interested parties should evaluate that concept and any related requirements directly.
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 | $58.8k | $13.80 |
| − Vacancy | −$5.7k | −$1.33 |
| EGI | $53.1k | $12.47 |
| − OpEx | −$15.9k | −$3.74 |
| NOI | $37.2k | $8.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.711577
- Latitude
- 43.51798
