Updated Side-by-Side
3809 3811 S Hawthorne Ave, Sioux Falls, SD 57105
For Sale
$315,000
Each residence has three bedrooms, updated kitchens, and separately metered utilities.
Property Size2,700 SF
Price / SF$116.67
Days on Market97
Property Features for 3809 3811 S Hawthorne Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
yard
shed
Building Details
Building Size
Year Built
Stories
Listing Agency:
605 Real Estate LLC
(605) 759-4294
Listed By:
Blake Bohner
Source:
Landmarkrealtyandauction
Added: Aug 3
Changed: Oct 27
Last Checked: Nov 7 at 3:38AM
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 605 Real Estate LLC
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Investment Insights
Based on property information with market context.
This side-by-side duplex at 3809 and 3811 S Hawthorne Ave in Sioux Falls contains two three-bedroom, one-bath units. Both kitchens have granite countertops, cabinetry, and updated appliances. One unit also has a finished basement family room that can function as a fourth bedroom. The building dates to 1915 and has updated furnaces, one new air conditioner, separate water heaters, and a new roof.
Utilities are divided between the units, while the owner pays taxes and insurance. Both residences are on month-to-month agreements, and one is expected to become vacant soon. The property also includes off-street parking, a yard, and a shed.
Utilities are divided between the units, while the owner pays taxes and insurance. Both residences are on month-to-month agreements, and one is expected to become vacant soon. The property also includes off-street parking, a yard, and a shed.
Key Highlights
- Two side‑by‑side units, each with 3 bedrooms and 1 bath
- Updated kitchens with granite countertops, cabinetry, and appliances
- Finished basement family room in one unit, with potential as a 4th bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,570
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,400
$471.4K
Cap Rate 7%
$336,714
$336.7K
Cap Rate 9%
$261,889
$261.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$37.3K $13.80/SF
− Vacancy
−$3.6K −$1.33/SF
EGI
$33.7K $12.47/SF
− OpEx
−$10.1K −$3.74/SF
NOI
$23.6K $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%
$471,400
Cap Rate 7%
$336,714
Cap Rate 9%
$261,889
Alternative Uses
Best Use
Multifamily LT 5
$336.7K
$294.6K – $392.8K
NOI $23,570 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$308.8K
$270.2K – $360.3K
NOI $21,618 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$733.2K
$641.5K – $855.4K
NOI $51,322 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 57105, SD
22,635
Population
10,550
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,018
Density / Sq Mi
$74,066
Median Household Income
$43,271
Median Earnings
$956
Median Rent
$247,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, updated kitchens, and separately metered utilities.
Where is this duplex located?
The property is located at 3809 3811 S Hawthorne Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms and 1 bath; Updated kitchens with granite countertops, cabinetry, and appliances; Finished basement family room in one unit, with potential as a 4th bedroom
