Remodeled Duplex with Separate
917 W 12th St, Sioux Falls, SD 57104
For Sale
New
$419,999
Both residences are occupied and feature distinct entrances, with shared outdoor space and separate utility systems.
Property Size2,233 SF
Price / SF$188.09
Days on Market4
Property Features for 917 W 12th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Amenities
shared front porch
large shared back yard
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Hegg, Realtors
Listed By:
Amy Stockberger Real Estate
(605) 501-6622
Source:
Findahomeinsiouxfalls
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 8:01AM
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
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Investment Insights
Based on property information with market context.
This 2,233-square-foot duplex contains two occupied residences, each with its own entrance and utility equipment. The 917 side has three bedrooms, a full bath, a remodeled kitchen, and a basement laundry and utility area. The 919 residence has four bedrooms, a remodeled kitchen, two bathrooms, and a lower-level laundry area. Recent improvements include remodeled interiors and newer mechanical equipment on the 919 side; the building dates to 1904.
Outdoor features include a shared front porch and back yard. The 917 unit has paved parking for two cars, while a garage serves the 919 side at the rear of the lot. Tenants pay gas and electric service.
Outdoor features include a shared front porch and back yard. The 917 unit has paved parking for two cars, while a garage serves the 919 side at the rear of the lot. Tenants pay gas and electric service.
Key Highlights
- Two occupied residences with separate entrances
- 2,233 square feet; built in 1904
- 917 side: 3 bedrooms, full bath, basement laundry and paved parking for 2 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,494
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,880
$389.9K
Cap Rate 7%
$278,486
$278.5K
Cap Rate 9%
$216,600
$216.6K
Market Conditions
NOI Build-Up for 2,233 SF
Gross rent
$30.8K $13.80/SF
− Vacancy
−$3.0K −$1.33/SF
EGI
$27.8K $12.47/SF
− OpEx
−$8.4K −$3.74/SF
NOI
$19.5K $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%
$389,880
Cap Rate 7%
$278,486
Cap Rate 9%
$216,600
Alternative Uses
Best Use
Multifamily LT 5
$278.5K
$243.7K – $324.9K
NOI $19,494 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$255.4K
$223.5K – $298.0K
NOI $17,879 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$606.4K
$530.6K – $707.4K
NOI $42,445 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,912
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 are occupied and feature distinct entrances, with shared outdoor space and separate utility systems.
Where is this duplex located?
The property is located at 917 W 12th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $419,999.
What are key features of this property?
This property features: Two occupied residences with separate entrances; 2,233 square feet; built in 1904; 917 side: 3 bedrooms, full bath, basement laundry and paved parking for 2 cars
