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3-Unit Multifamily Property
New
For Sale
$150,000

624 W 11th St, Sioux Falls, SD 57104

The unit mix comprises one two-bedroom apartment and two one-bedroom apartments.

Property Size2,948 SF
Price / SF$50.88
Days on Market5
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Property Features for 624 W 11th St

General Information

Standard status Active
Size 2,948 SF
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence could benefit from repairs and updates

Units

Unit Mix 1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 3

Building Details

Year Built 1903
Listing Agency: Hegg, Realtors
Listed By: Amy Stockberger Real Estate
Source: Findahomeinsiouxfalls
Added: Oct 11 Changed: Oct 15 Last Checked: Oct 14 at 11:03PM

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.

This 2,948-square-foot triplex, built in 1903, contains three apartments: one with two bedrooms and one bathroom, and two with one bedroom and one bathroom each. The building may require repairs and updates.

The property is a few blocks from downtown Sioux Falls, with shopping, dining, entertainment, and major employers noted as nearby access points.

Key Highlights

  • Three apartments: one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
  • 2,948 square feet
  • Built in 1903

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Electrical Service HVAC Service Locksmith Acupuncture Dental Office (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,613
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - The unit mix comprises one two-bedroom apartment and two one-bedroom apartments.
Where is this triplex located?
The property is located at 624 W 11th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Three apartments: one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; 2,948 square feet; Built in 1903
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