Lincoln County, SD Multifamily Properties for Sale

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Sioux Falls, SD Rapid City, SD Aberdeen, SD

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Updated: Jan 27

Sioux Falls Multifamily Investment Opportunity

3400-3404 East 11th Street, Sioux Falls, SD 57103

$6,250,000

70,272 sqft · 2.20 AC lot

High occupancy rate of 95.24%
54 out of 84 units have been remodeled
Substantial building size of 70,272 SF on a 2.2‑acre lot
Includes 40 garages
Diverse unit mix: two‑bedroom, one‑bedroom, and studio apartments

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This listing looks promising.

Here's a quick look at some key insights for

3400-3404 East 11th Street, Sioux Falls, SD 57103

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$563K
Annual
Price @ 7% Cap

$8.04M
Above asking

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Updated: Jun 29

Single-Level 4-Plex Rental Buildings

1100 E Elder St, Canton, SD 57013

$2,150,000

13,984 sqft · 1.49 AC lot

Four 4‑plex buildings (4 units total) with 2BR/1BA units; laundry hookups in each unit
Each unit includes a single attached garage; all living space is on one level with no steps
Tenant‑paid utilities with public water and public sewer; heating is natural gas forced air
Updated exterior with new siding in 2023; recent interior paint and floor coverings in many units
Roof is composition; construction includes HardiPlank Type siding

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Four-Plex Townhome-Style Rental

2800 E Madison St, Sioux Falls, SD 57103

$640,000

5,200 sqft · 0.40 AC lot

Immaculately maintained four-plex with two-bedroom units, in-unit laundry, and tenant parking for steady residential income.

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Fourplex with Detached Garages

2900 E Klondike Trl, Sioux Falls, SD 57103

$549,000

3,776 sqft · 0.32 AC lot

Four spacious two-bedroom units each include a detached single-stall garage, supporting straightforward resident parking and storage.

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Well-Maintained 4-Plex Property

3005 S Cliff Ave, Sioux Falls, SD 57105

$600,000

4,260 sqft · 0.48 AC lot

Well-kept four-unit property with central air, boiler heat, wood-burning fireplaces, and eight garages.

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Sioux Falls 6-Plex Investment

1011 S 2nd Ave, Sioux Falls, SD 57105

$675,000

5,832 sqft · 0.17 AC lot

Well-maintained 6-plex in central Sioux Falls with income potential.

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Five-Unit Multifamily Property

511 -517 Main St S, Lennox, SD 57039

$325,000

4,372 sqft · 0.16 AC lot

Five-unit rental building with coin-operated laundry, separate electric meters, and a newer boiler for reliable heating.

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Furnished Triplex in Sioux Falls

2504 S Summit Ave, Sioux Falls, SD 57105

$450,000

2,420 sqft · 0.22 AC lot

Triplex with flexible rental potential near amenities in Sioux Falls.

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Triplex with Two Vacant Units

624 W 11th St, Sioux Falls, SD 57104

$225,000

2,948 sqft · 0.16 AC lot

Triplex offering a mix of an occupied 2-bedroom unit and two vacant 1-bedroom units, with repair and update needs.

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Triplex with Updated Systems

801 W 13th St, Sioux Falls, SD 57104

$259,900

1,784 sqft · 0.07 AC lot

Triplex for sale with separately metered utilities and recent interior and system upgrades across the units.

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Duplex with Separate Utilities

310 & 308 S Walts Ave, Sioux Falls, SD 57104

$215,000

1,813 sqft · 0.14 AC lot

Two-unit income property with separate meters and individual HVACs, plus basements, laundry space, and covered parking.

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Five-Plex Residential Income Building

1118 W 8th St, Sioux Falls, SD 57104

$314,000

2,204 sqft · 0.15 AC lot

Five 1-bedroom, 1-bath units with recent interior and exterior updates, plus a detached garage for added income.

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Renovated Four-Unit Apartment Building

201 N French Ave, Sioux Falls, SD 57103

$374,900

2,729 sqft · 0.09 AC lot

Four-unit multifamily property with a mix of 1- and 3-bedroom units and a roof replacement completed in 2022.

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Sioux Falls Multifamily Investment Property

5100 W 47 St, Sioux Falls, SD 57106

$370,000

2,431 sqft · 0.21 AC lot

Multifamily property with updated features and large backyard.

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Two-Unit Duplex Investment Property

1012 W 8th St St E, Sioux Falls, SD 57104

$305,000

2,478 sqft · 0.15 AC lot

Well-maintained duplex with two separate units, each with washer/dryer hookup and multiple bedroom configurations for flexible occupancy.

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Luxury Four-Unit Property in Sioux Falls

5000 E 54th St, Sioux Falls, SD 57110

$1,299,000

9,878 sqft · 0.45 AC lot

Upscale four-unit property in a desirable Sioux Falls location.

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Turnkey Duplex With Furnished Rentals

202 N French Ave, Sioux Falls, SD 57103

$299,900

2,000 sqft · 0.08 AC lot

Two fully furnished units with utilities included, offering an uncomplicated income approach for a residential buyer.

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Sioux Falls Ranch Duplex

3609 & 3611 E 18th St, Sioux Falls, SD 57103

$369,900

2,280 sqft · 0.20 AC lot

Income-producing duplex in Hilltop Area, Sioux Falls.

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Sioux Falls Duplex with Potential

228 N Fairfax Ave, Sioux Falls, SD 57103

$199,000

1,728 sqft · 0.14 AC lot

Duplex with rental income potential, needs work, great opportunity.

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Mixed-Use Property With Retail

2412 E 10th St, Sioux Falls, SD

$875,000

12,554 sqft · 0.24 AC lot

Mixed-use property featuring apartments and retail spaces for sale.

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Sioux Falls Historic Apartments

703 S. Summit Avenue, Sioux Falls, SD 57104

$2,600,000

19,432 sqft

Historically significant 18-unit apartment building in Sioux Falls.

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Historic Art-Deco Apartment Building

703 S. Summit Avenue, Sioux Falls, SD 57104

$2,600,000

30-unit apartment building with striking Art-Deco architecture.

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Commercial Space with Apartment Units

120 N Heritage Pkwy, Tea, SD

$895,000

758 sqft · 8.54 AC lot

Commercial space with 30 apartment units above available for rent.

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Sioux Falls Multifamily Investment Opportunity

809 South Sherman Avenue, Sioux Falls, SD 57104

$910,000

9,602 sqft

Project-based Section 8 apartments near downtown Sioux Falls.

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Lincoln County, SD Multifamily Properties Market Trends and Statistics

Explore 31 multifamily properties for sale in Lincoln County, SD, showcased through 31 active listings on our real estate platform. These investment opportunities span a total of 2,601,949 square feet of properties for sale, with an estimated market value of $107,373,480.

Sale prices for multifamily properties in Lincoln County, SD start at $199,000, averaging $3,834,767, and reaching up to $31,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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