Sioux Falls Multifamily Investment
5100 W 47 St Sioux Falls, SD 57106
For Sale
$370,000
Pending
MULTI_FAMILY - Sioux Falls, SD
Property Size2,431 SF
Lot Size0.21 Acres
Days on Market144
Property Features for 5100 W 47 St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Not Verified
- Rooms
- Basement
- Appliances
- Dishwasher, Dryer, Range, Refrigerator, Washer
- Standard status
- Pending
- APN
- 029288
- Size
- 2,431 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- Lot 5 Blk 3 Covington Heights addn to City of Sioux Falls
- Tax Annual Amount
- 3654
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1973
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Laminate
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing Agency:
Keller Williams Realty Sioux Falls
(605) 275-0555
Listed By:
Ruth Wiersma
(605) 275-0555
Added: Mar 5
Changed: Jul 24
Last Checked: Jul 27 at 4:06AM
MLS# 22601453
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.
Investment Insights
Based on property information with market context.
This multifamily property in Sioux Falls, SD, presents a great investment opportunity. The property includes two units: one with 3 bedrooms and another with 2 bedrooms. Tenants are responsible for all utility payments. The property features a large backyard offering considerable privacy. Updates include newer shingles, a radon mitigation system, newer windows and slider, newer metal siding, and front porches. The lot size is 0.2112 acres. The property size is 2431 square feet.
Key Highlights
- Duplex built in 1973 with 1 unit featuring 3 bedrooms and another unit featuring 2 bedrooms
- Tenants pay all utilities; public water and public sewer
- Heating is natural gas with electric cooling
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 | $33.5k | $13.80 |
| − Vacancy | −$3.2k | −$1.33 |
| EGI | $30.3k | $12.47 |
| − OpEx | −$9.1k | −$3.74 |
| NOI | $21.2k | $8.73 |
2,431 SF · lease $13.80/SF/yr · vacancy 9.63% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$303.2K
$265.3K – $353.7K
NOI $21,222 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$278.1K
$243.3K – $324.4K
NOI $19,464 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$660.1K
$577.6K – $770.1K
NOI $46,208 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Multifamily property with updated features and large backyard.
Where is this duplex located?
The property is located at 5100 W 47 St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Duplex built in 1973 with 1 unit featuring 3 bedrooms and another unit featuring 2 bedrooms; Tenants pay all utilities; public water and public sewer; Heating is natural gas with electric cooling
