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Triplex with Rental Unit Mix
New
For Sale
$175,000

624 W 11th St, Sioux Falls, SD 57104

MULTI-FAMILY, Sioux Falls, SD

Property Size2,948 SF
Lot Size0.16 Acres
Price / SF$59.36
Days on Market5

Property Features for 624 W 11th St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Not Verified
Bedrooms 3
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Basement, Bedroom 1, Bathroom 2, Bedroom 3
Parking features Off Street
Appliances Refrigerator, Range
Subdivision Bennett's 1st Addn
Elementary school Lowell ES
Middle school George McGovern MS - Sioux Falls
High school Thomas Jefferson High School
Elementary school district Sioux Falls
Middle school district SiouxFalls
High school district SiouxFalls
Directions Google Maps is correct
Standard status Active
APN 25961
Size 2,948 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Description W1/2 10, 11 & W1/2 S 9' LOT 12 BLOCK 17 BENNETT'S 1ST ADDN TO CITY OF SIOUX FALL S
Tax Annual Amount 5421
Legal Description W1/2 10, 11 & W1/2 S 9' LOT 12 BLOCK 17 BENNETT'S 1ST ADDN TO CITY OF SIOUX FALL S

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Electric
Water source Public

Building Details

Year built 1903
Floors in Building 2
Number of units 3
Flooring type Laminate, Carpet, Wood
Building materials Wood Siding
Roof type Composition
Listing Agency: Keller Williams Realty Sioux Falls
Listed By: Jeremy Simon
Added: Sep 3 Changed: Sep 7 Last Checked: Sep 7 at 2:06PM
MLS# 22606890

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 2,948-square-foot triplex contains three residential units: one with two bedrooms and one bathroom, plus two one-bedroom, one-bathroom units. The property was built in 1903 and includes a basement, wood siding, composition roofing, carpet, wood, and laminate flooring. Appliances include ranges and refrigerators, with natural gas heating, electric cooling, public water, and public sewer. Off-street parking is provided.

The property is located at 624 W 11th St in Sioux Falls, within a few blocks of downtown. Shopping, dining, entertainment, and major employers are identified in the surrounding area. The building requires repairs and updates, offering a clear renovation component for a purchaser evaluating a three-unit residential asset.

Key Highlights

  • Three‑unit layout with one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
  • 2,948 square feet on 0.1584 acres
  • Built in 1903 with a basement, wood siding, and composition roof

Property Analytics

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Includes one two-bedroom unit and two one-bedroom units in a downtown-adjacent location.
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 $175,000.
What are key features of this property?
This property features: Three‑unit layout with one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; 2,948 square feet on 0.1584 acres; Built in 1903 with a basement, wood siding, and composition roof
More about this property
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