Duplex with Detached Garage
808 W Madison St, Sioux Falls, SD 57104
For Sale
New
$295,000
MULTI-FAMILY, Sioux Falls, SD
Property Size1,406 SF
Lot Size0.19 Acres
Price / SF$209.82
Days on Market2
Property Features for 808 W Madison St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer and dryer
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Realty Sioux Falls
Listed By:
Jeremy Simon
(605) 275-0555
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 7:06PM
MLS# 22608372
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.
This 1,406-square-foot duplex contains two separate residences, each with two bedrooms and one bathroom. Both units have their own washer and dryer, along with a dedicated detached garage space. The property was built in 1916 and occupies a 0.188-acre lot.
Interior features include carpet and laminate flooring, and the listed appliances are a refrigerator, range, dishwasher, and microwave. The building has HardiPlank Type exterior construction, natural gas forced-air heating, and electric cooling. Public water and public sewer serve the property.
Interior features include carpet and laminate flooring, and the listed appliances are a refrigerator, range, dishwasher, and microwave. The building has HardiPlank Type exterior construction, natural gas forced-air heating, and electric cooling. Public water and public sewer serve the property.
Key Highlights
- Two separate 2‑bedroom, 1‑bathroom residences
- 1,406 square feet on a 0.188‑acre lot
- Each unit has its own washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,274
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,480
$245.5K
Cap Rate 7%
$175,343
$175.3K
Cap Rate 9%
$136,378
$136.4K
Market Conditions
NOI Build-Up for 1,406 SF
Gross rent
$19.4K $13.80/SF
− Vacancy
−$1.9K −$1.33/SF
EGI
$17.5K $12.47/SF
− OpEx
−$5.3K −$3.74/SF
NOI
$12.3K $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%
$245,480
Cap Rate 7%
$175,343
Cap Rate 9%
$136,378
Alternative Uses
Best Use
Multifamily LT 5
$175.3K
$153.4K – $204.6K
NOI $12,274 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$160.8K
$140.7K – $187.6K
NOI $11,257 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$381.8K
$334.1K – $445.4K
NOI $26,725 @ 7.0% cap · market cap 9.06%
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
845
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have in-unit laundry, two bedrooms, and one bathroom.
Where is this duplex located?
The property is located at 808 W Madison St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bathroom residences; 1,406 square feet on a 0.188‑acre lot; Each unit has its own washer and dryer
