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    Triplex with Updated Systems Title is generated by Realmo AI

    801 W 13th St, Sioux Falls, SD 57104

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    Claim this Listing
    New
    For Sale
    $259,900

    MULTI_FAMILY - Sioux Falls, SD

    Property size:
    1,784 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $145/SF
    Added:
    Jun 8, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 8 at 4:06 pm

    Property Features for 801 W 13th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    31488
    Size
    1,784 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    N 72 LOT 1 BOYCES SUB BLOCK 15 FOLSOMS ADDN TO SIOUX FALLS
    Tax Annual Amount
    2304

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Gas (Cooling)
    Water source
    Public

    Building Details

    Year built
    1904
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Carpet, Laminate
    Building materials
    Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Matthew Fisher

    Listing agent Matthew Fisher

    Listing office Keller Williams Realty Sioux Falls 6300 S Connie Avenue, Sioux Falls, SD

    Listing date Jun 8, 2026

    MLS# 22604154 Listing URL

    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.

    HighLights

    • Triplex multifamily property built in 1904 in Sioux Falls
    • Utilities are separately metered; landlord covers garbage and water/sewer
    • Major upgrades reported: newer plumbing, newer electrical, and HVAC
    • Fresh interior paint and new carpet throughout
    • Updated bathrooms and kitchens
    • Appliances include range and refrigerator; public water and public sewer

    Overview

    This property is a triplex configured as residential income housing. Reported major upgrades include newer plumbing, electrical, and HVAC, along with fresh interior paint and new carpet throughout. Bathrooms and kitchens have been updated, supporting move-in readiness for tenants and reducing near-term maintenance needs.

    The building is located at 801 W 13th St in Sioux Falls, South Dakota (Minnehaha County). Utilities are separately metered, while the landlord is responsible for garbage and water/sewer.

    For investors or owner-operators seeking a small multifamily asset, this triplex offers a manageable scale and documented improvements to key building systems. The separately metered structure can help support resident billing flexibility, with the landlord’s ongoing expenses limited to garbage and water/sewer as stated in the listing remarks. If you are evaluating residential income properties in Sioux Falls, this updated triplex is positioned as a practical acquisition for those wanting a streamlined, systems-forward property profile.

    Local 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 $24.6k $13.80
    − Vacancy −$2.4k −$1.33
    EGI $22.2k $12.47
    − OpEx −$6.7k −$3.74
    NOI $15.6k $8.73
    1,784 SF · lease $13.80/SF/yr · vacancy 9.63% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $222.5K
    $194.7K – $259.6K (±1% cap)
    NOI $15,574 @ 7.0% cap · market cap 5.99%
    Second Best
    Apartment 5plus
    $204.1K
    $178.6K – $238.1K (±1% cap)
    NOI $14,284 @ 7.0% cap · market cap 5.50%
    Theoretical Best
    Office A
    $484.4K
    $423.9K – $565.2K (±1% cap)
    NOI $33,910 @ 7.0% cap · market cap 13.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.737284
    Latitude
    43.542276

    FAQs

    What type of property is this?
    Triplex - Triplex for sale with separately metered utilities and recent interior and system upgrades across the units.
    Where is this triplex located?
    The property is located at 801 W 13th St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: Triplex multifamily property built in 1904 in Sioux Falls; Utilities are separately metered; landlord covers garbage and water/sewer; Major upgrades reported: newer plumbing, newer electrical, and HVAC
    More about this property
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