Sioux Falls, SD Multifamily Properties for Sale

List

Map

Tea, SD Harrisburg, SD Renner, SD Hartford, SD Brandon, SD Rowena, SD Worthing, SD Lennox, SD

39 properties

Sort:

Updated: May 12

Sioux Falls Multifamily Investment Opportunity

809 South Sherman Avenue, Sioux Falls, SD 57104

$910,000

9,602 sqft

HUD contract in place through April 2030, providing stable income.
Project‑based Section 8 apartments, ensuring consistent occupancy.
Located near downtown Sioux Falls and Avera’s campus, offering convenient access to amenities and employment.
Fantastic asset for building an affordable multifamily portfolio.
Upside potential available after contract expiration.

View details

This listing looks promising.

Here's a quick look at some key insights for

809 South Sherman Avenue, Sioux Falls, SD 57104

View Property Analytics

Est. Cap Rate

8.5%
Above avg (5.9%)
Est. NOI

$77K
Annual
Price @ 7% Cap

$1.1M
Above asking
Property Type

Multi-Family Dwellings
Built 1977

View Property Analytics

Updated: Jun 24

Four-Plex Townhome-Style Rental

2800 E Madison St, Sioux Falls, SD 57103

$640,000

5,200 sqft 0.40 AC lot

Four‑plex built in 2015 with four townhome‑style units and over 5,000 total SF
Each unit has 2 bedrooms and 1.5 baths with in‑unit washer and dryer
Central HVAC plus electric cooling and natural gas forced‑air heating
Kitchen appliances included: dishwasher, refrigerator, microwave, and electric range/oven
Public water and public sewer; roof is composition shingle

View details

New Construction Duplex Investment

1113 S Foss Ave, Sioux Falls, SD 57110

$1,030,000

5,592 sqft 0.41 AC lot

Ranch-style walkout duplex with premium finishes and two units featuring four bedrooms and three bathrooms each.

View details

New Construction Walkout Duplex

1107 S Foss Ave, Sioux Falls, SD 57110

$980,000

5,220 sqft 0.41 AC lot

Each ranch-style walkout residence offers 4 bedrooms and 3 bathrooms with an open-concept layout and vaulted ceilings.

View details

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Fourplex Income Property

2601 E Pioneer Trl, Sioux Falls, SD 57103

$539,000

3,264 sqft 0.32 AC lot

Four units with active tenants, plus a four-stall garage and five additional parking spaces.

View details

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.

View details

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.

View details

54-Unit Multifamily Community

4601 E 26th St, Sioux Falls, SD 57110

$5,400,000

137,238 sqft

54-unit community built in the 1990s with one- and two-bedroom apartments, 53 private garages, and on-site laundry.

View details

Townhome-Style Multifamily Property

4802 S Hosta Ave, Sioux Falls, SD 57110

$7,950,000

59,544 sqft 3.08 AC lot

For sale nearly new 42-unit townhome-style apartment community with attached garages and in-unit laundry in Sioux Falls.

View details

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.

View details

Turnkey 8-Plex Apartment Building

3505 S Hawthorne Ave, Sioux Falls, SD 57105

$760,000

3,552 sqft

Fully leased 8-plex with coin-operated laundry, detached garages, through-the-wall A/C, boiler heat, and ample on-site parking.

View details

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.

View details

Triplex Residential Income Property

801 W 13th St, Sioux Falls, SD 57104

$250,000

1,784 sqft 0.07 AC lot

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

View details

Sioux Falls Multifamily Investment Property

3113 W 12th St, Sioux Falls, SD 57104

$3,500,000

60,798 sqft 1.47 AC lot

30-unit apartment complex in Sioux Falls, 100% occupied.

View details

Tri-Plex Residential Income

514 S Summit Ave, Sioux Falls, SD 57104

$264,000

1,864 sqft 0.11 AC lot

Tri-plex for sale offering three rental units with three bedrooms and one bath on the main level.

View details

Five-Unit Apartment Building

1118 W 8th St, Sioux Falls, SD 57104

$314,000

2,204 sqft 0.15 AC lot

Five one-bedroom, one-bath units with recent interior and exterior updates and a detached garage.

View details

Garden-Style Apartment Community

505 N Cleveland Ave, Sioux Falls, SD 57103

$6,550,000

57,014 sqft 3.68 AC lot

Garden-style multifamily community with 61 studio, one-, and two-bedroom units across multiple three-story buildings.

View details

Downtown Triplex Investment

624 W 11th St, Sioux Falls, SD 57104

$200,000

2,948 sqft 0.16 AC lot

Triplex includes one 2-bedroom, 1-bath unit and two 1-bedroom, 1-bath units near downtown Sioux Falls.

View details

Large Multifamily Community in Sioux Falls

4213 E 12th St, Sioux Falls, SD 57103

$31,000,000

240,986 sqft 9.50 AC lot

248-unit apartment complex in established residential area.

View details

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.

View details

41 Acres Mixed-Use Development Site

5801 N. Kiwanis Avenue, Sioux Falls, SD 57107

$9,412,880

1,792,893 sqft 41.16 AC lot

41.16-acre mixed-use development site in Sioux Falls, South Dakota.

View details

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.

View details

Modern Multifamily Community in Sioux Falls

950 N Cliff Ave, Sioux Falls, SD 57103

$28,200,000

215,169 sqft 11.26 AC lot

179-unit apartment complex in Sioux Falls, South Dakota.

View details

Four-Unit Multifamily Building

201 N French Ave, Sioux Falls, SD 57103

$374,900

2,729 sqft 0.09 AC lot

Four-unit multifamily property with two 1-bed/1-bath and two 3-bed/1-bath units, plus a roof replacement in 2022.

View details

Sioux Falls, SD Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Sioux Falls, SD, showcased through 39 active listings on our real estate platform. These investment opportunities span a total of 2,753,865 square feet of properties for sale, with an estimated market value of $117,716,580.

Sale prices for multifamily properties in Sioux Falls, SD start at $199,000, averaging $3,923,886, 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.

List

Map

Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 204K

Population Growth (5Y) +15.2%

Median Household Income $77,935

College Educated 16.5%

High-Yield Neighborhoods for Investment

Identify Sioux Falls submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
57106	$370K
57105	$575K
57104	$1.2M
57110	$3.2M
57103	$8.2M

Taxes & Financing

Tax Rate (average for all types) 1.71%

Property Tax per SF $30.71 per SF

Tax Rate vs County Average 0.01 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Minnehaha County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Sioux Falls fall within the 50,000 to 100,000 square foot range.

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings