2-Unit Duplex with Attached
New
For Sale
$349,900
712 716 S Jessica Ave, Sioux Falls, SD 57103
MULTI-FAMILY, Sioux Falls, SD
Property Size1,536 SF
Lot Size0.20 Acres
Price / SF$227.80
Days on Market3
Property Features for 712 716 S Jessica Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RD
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 2, Basement, Bathroom 1, Bedroom 1, Bedroom 4
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
Prospect Park Addn
Elementary school
Eugene Field ES
Middle school
Whittier MS
High school
Lincoln HS
Elementary school district
Sioux Falls
Middle school district
SiouxFalls
High school district
SiouxFalls
Directions
From E 10th St, turn south on Jessica Ave; property is on the West side
Standard status
Active
APN
043533
Size
1,536 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOT 1 BLOCK 3 PROSPECT PARK ADDN TO CITY OF SIOUX FALLS
Tax Annual Amount
3232
Legal Description
LOT 1 BLOCK 3 PROSPECT PARK ADDN TO CITY OF SIOUX FALLS
Utilities
Sewer type
Public Sewer
Cooling system
Electric
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Flooring type
Vinyl, Wood
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Amy Stockberger Real Estate
(605) 376-6780
Listed By:
Jason Honey
(605) 595-2623
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 9:06AM
MLS# 22608239
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.
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Investment Insights
Based on property information with market context.
Built in 1959, this duplex contains 1,536 square feet across two mirrored residences. Each unit has two bedrooms, one bathroom, a living room, a kitchen, an unfinished basement, and an attached 2-stall garage. The property sits on a 0.1995-acre lot and is zoned RD.
One residence is vacant and has wood flooring across nearly all of its interior, along with fresh paint. The other unit is rented. Public water and sewer serve the property.
One residence is vacant and has wood flooring across nearly all of its interior, along with fresh paint. The other unit is rented. Public water and sewer serve the property.
Key Highlights
- Two mirrored units, each with 2 bedrooms and 1 bathroom
- 1,536 square feet on a 0.1995‑acre lot
- Each unit has an attached 2‑stall garage and unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,409
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,180
$268.2K
Cap Rate 7%
$191,557
$191.6K
Cap Rate 9%
$148,989
$149.0K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$21.2K $13.80/SF
− Vacancy
−$2.0K −$1.33/SF
EGI
$19.2K $12.47/SF
− OpEx
−$5.7K −$3.74/SF
NOI
$13.4K $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%
$268,180
Cap Rate 7%
$191,557
Cap Rate 9%
$148,989
Alternative Uses
Best Use
Multifamily LT 5
$191.6K
$167.6K – $223.5K
NOI $13,409 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$175.7K
$153.7K – $205.0K
NOI $12,298 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$417.1K
$365.0K – $486.6K
NOI $29,196 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,331
Businesses Nearby
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Business Placement
Demographics for 57103, SD
36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Mirrored residences pair separate living and kitchen areas with unfinished basement storage.
Where is this duplex located?
The property is located at 712 716 S Jessica Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two mirrored units, each with 2 bedrooms and 1 bathroom; 1,536 square feet on a 0.1995‑acre lot; Each unit has an attached 2‑stall garage and unfinished basement
