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    Sioux Falls, SD Multifamily Properties for Sale

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    Tea, SD Harrisburg, SD Renner, SD Hartford, SD Brandon, SD Rowena, SD Lennox, SD Worthing, SD
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    Renovated 11-Unit Apartment Building
    Updated: Aug 9
    Renovated 11-Unit Apartment Building

    700 W 6th St, Sioux Falls, SD 57104

    $1,300,000
    10,800 sqft 0.26 AC lot
    11‑unit apartment building with ten two‑bedroom, one‑bath units and one efficiency
    10,800 square feet on 0.2636 acres
    Renovated in 2015; current occupancy is 90%
    Five garage stalls, off‑street parking, and storage closets for each unit
    Two sets of coin‑operated laundry facilities
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    9-Unit Apartment Building
    Updated: Aug 9
    9-Unit Apartment Building

    703 S Dakota Ave, Sioux Falls, SD 57104

    $780,000
    5,248 sqft 0.22 AC lot
    9‑unit apartment property with 5,248 square feet
    Unit mix: eight 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
    0.2212‑acre lot at 703 S Dakota Ave, Sioux Falls, SD 57104
    7‑stall detached garage plus off‑street parking
    Lower‑level common‑area coin‑operated laundry
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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    412 S Thompson Ave, Sioux Falls, SD 57103

    $550,000
    5,376 sqft 0.23 AC lot

    Fully occupied apartment property with professional management, updated systems, and shared coin-operated laundry.

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    See what stands out in Minnehaha County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    412 S Thompson Ave, Sioux Falls, SD 57103

    $550,000
    5,376 sqft

    Fully occupied property with a varied unit mix, on-site coin-operated laundry, and recent building updates.

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    New-Construction Duplex with Walkouts
    New-Construction Duplex with Walkouts

    1113 S Foss Ave, Sioux Falls, SD 57110

    $1,030,000
    5,592 sqft 0.41 AC lot

    Two ranch-style residences feature open layouts, quartz kitchens, and premium stainless steel appliances.

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    Townhome-Style Quadplex
    Townhome-Style Quadplex

    2800 E Madison St, Sioux Falls, SD 57103

    $640,000
    5,200 sqft 0.40 AC lot

    Four townhome-style residences offer individual laundry, central HVAC, and on-site tenant parking.

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    New-Construction Duplex with Walkouts
    New-Construction Duplex with Walkouts

    1107 S Foss Ave, Sioux Falls, SD 57110

    $980,000
    5,220 sqft 0.41 AC lot

    Two ranch-style residences feature open layouts, vaulted ceilings, quartz kitchens, and upgraded stainless steel appliances.

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    Renovated 11-Unit Apartment Building
    Renovated 11-Unit Apartment Building

    700 W 6th St, Sioux Falls, SD 57104

    $1,300,000
    10,800 sqft

    Renovated apartments offer storage, natural light, laundry facilities, garages, and off-street parking.

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    Quadplex With Four-Stall Garage
    Quadplex With Four-Stall Garage

    2601 E Pioneer Trl, Sioux Falls, SD 57103

    $539,000
    3,264 sqft 0.32 AC lot

    Four-unit residential income property with tenant occupancy, renter garage spaces, and additional on-site parking.

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    Townhome-Style Apartment Community
    Townhome-Style Apartment Community

    4802 S Hosta Ave, Sioux Falls, SD 57110

    $7,950,000
    59,544 sqft 3.08 AC lot

    Modern multifamily property with private entries, attached garages, patios, and in-unit laundry across a two- and three-bedroom mix.

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    9-Unit Apartment Building with Garage
    9-Unit Apartment Building with Garage

    703 S Dakota Ave, Sioux Falls, SD 57104

    $780,000
    5,248 sqft

    Eight two-bedroom units and one one-bedroom unit create a varied residential rental mix.

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    Four-Unit Apartment Property
    Four-Unit Apartment Property

    2900 E Klondike Trl, Sioux Falls, SD 57103

    $549,000
    3,776 sqft 0.32 AC lot

    Each residence includes a detached single-stall garage and access to a shared utility area.

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    Updated Duplex with Attached Garages
    Updated Duplex with Attached Garages

    616 618 N Garfield Ave, Sioux Falls, SD 57104

    $329,000
    2,082 sqft 0.18 AC lot

    Two separately metered residences offer private laundry, attached garages, and flexible owner-occupant or rental use.

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    New Construction Ranch Duplex
    New Construction Ranch Duplex

    1107 S Foss Ave, Sioux Falls, SD 57110

    $980,000
    5,220 sqft

    Two walkout residences feature open layouts, upgraded kitchens, vaulted ceilings, and low-maintenance construction.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1011 S 2nd Ave, Sioux Falls, SD 57105

    $675,000
    5,832 sqft 0.17 AC lot

    Brick construction, laundry facilities, garage parking, and alley-accessible off-street parking serve the residential layout.

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    Two-Unit Duplex with Laundry Hookups
    Two-Unit Duplex with Laundry Hookups

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

    $305,000
    2,478 sqft 0.15 AC lot

    Well-maintained duplex with distinct floor plans, public utilities, and a convenient Sioux Falls setting.

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    New Construction Duplex
    New Construction Duplex

    1113 S Foss Ave, Sioux Falls, SD 57110

    $1,030,000
    5,592 sqft

    Two ranch-style walkout residences feature upscale finishes, open layouts, and four bedrooms with three bathrooms each.

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    Triplex with Rental Unit Mix
    Triplex with Rental Unit Mix

    624 W 11th St, Sioux Falls, SD 57104

    $175,000
    2,948 sqft 0.16 AC lot

    Includes one two-bedroom unit and two one-bedroom units in a downtown-adjacent location.

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    Four-Unit Townhome-Style Quadplex
    Four-Unit Townhome-Style Quadplex

    2800 E Madison St Unit 1-4, Sioux Falls, SD 57103

    $640,000
    5,200 sqft

    Four individually configured residences with private laundry, central HVAC, and tenant parking.

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    Updated Triplex Multifamily Property
    Updated Triplex Multifamily Property

    801 W 13th St, Sioux Falls, SD 57104

    $250,000
    1,784 sqft 0.07 AC lot

    Renovated kitchens and bathrooms complement separately metered utilities and updated building systems.

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    42-Unit Townhome-Style Apartments
    42-Unit Townhome-Style Apartments

    4802 S Hosta Ave, Sioux Falls, SD 57110

    $7,950,000
    59,544 sqft

    Townhome-style residences offer attached garages, private patios, open layouts, and in-unit laundry.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    1118 W 8th St, Sioux Falls, SD 57104

    $300,000
    2,204 sqft 0.15 AC lot

    Five one-bedroom, one-bath units include a detached garage and recent interior and exterior improvements.

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    Two-Unit Duplex with Garages
    Two-Unit Duplex with Garages

    2905 E Klondike Trl, Sioux Falls, SD 57103

    $339,900
    2,080 sqft

    Well-maintained duplex with private laundry, attached garage stalls, and a fireplace in the upper residence.

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    Renovated Quadplex with Unit Mix
    Renovated Quadplex with Unit Mix

    201 N French Ave, Sioux Falls, SD 57103

    $374,900
    2,729 sqft 0.09 AC lot

    Four-unit residential property with ongoing renovations, forced-air heating, and window-unit cooling.

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    Sioux Falls, SD Multifamily Properties Market Trends and Statistics

    Explore 91 multifamily properties for sale in Sioux Falls, SD, showcased through 91 active listings on our real estate platform. These investment opportunities span a total of 1,315,384 square feet of properties for sale, with an estimated market value of $77,072,100.

    Sale prices for multifamily properties in Sioux Falls, SD start at $165,000, averaging $1,085,522, and reaching up to $10,100,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 35
    Duplexes 30
    Triplexes 14
    Quadplexes 12
    Short term rental properties 6

    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
    57101 $374.9K
    57104 $467K
    57103 $938.2K
    57105 $1.6M

    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%

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Sioux Falls, SD

    • 57104
    • 57103
    • 57110
    • 57105
    • 57106
    • 57101
    • 57107
    • 57108

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