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    Sioux Falls, SD Multifamily Properties for Sale

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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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    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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    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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    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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    6-Unit Apartment Building
    6-Unit Apartment Building

    412 S Thompson Ave, Sioux Falls, SD 57103

    $499,000
    5,376 sqft 0.23 AC lot

    Apartments include shared coin-operated laundry and a mix of one- and two-bedroom layouts.

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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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    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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    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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    42-Unit Townhome-Style Apartment Building
    42-Unit Townhome-Style Apartment Building

    4802 S Hosta Ave, Sioux Falls, SD 57110

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

    Nearly new rental community with private entries, attached garages, and in-unit laundry.

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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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    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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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    624 W 11th St, Sioux Falls, SD 57104

    $150,000
    2,948 sqft 0.16 AC lot

    Unit mix includes one two-bedroom apartment and two one-bedroom apartments, each with one bathroom.

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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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    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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    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 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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    Side-by-Side Duplex
    Side-by-Side Duplex

    405 E 57th St, Sioux Falls, SD 57108

    $549,900
    3,751 sqft

    Both residences are occupied, and each has three bedrooms, three bathrooms, and a two-stall garage.

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    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    514 S Summit Ave, Sioux Falls, SD 57104

    $264,000
    1,864 sqft 0.11 AC lot

    Wood-sided income property with varied unit layouts, basement space, public utilities, and forced-air heat.

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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.

    View details
    Updated 3-Unit Triplex
    Updated 3-Unit Triplex

    605 S Spring Ave, Sioux Falls, SD 57104

    $225,000
    1,836 sqft 0.13 AC lot

    Separate electric meters and supplemental heat serve each of the three rental units.

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    Triplex with Updated Garden-Level Unit
    Triplex with Updated Garden-Level Unit

    1509 S Duluth Ave, Sioux Falls, SD 57105

    $259,777
    2,248 sqft 0.20 AC lot

    Three apartments, shared coin-operated laundry, and off-street parking support a flexible residential income property.

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    5-Unit Apartment Building with Garage
    5-Unit Apartment Building with Garage

    1118 W 8th St, Sioux Falls, SD 57104

    $290,000
    2,204 sqft 0.15 AC lot

    Five one-bedroom apartments are complemented by a detached garage and recent interior and exterior updates.

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    Sioux Falls, SD Multifamily Properties Market Trends and Statistics

    Explore 82 multifamily properties for sale in Sioux Falls, SD, showcased through 82 active listings on our real estate platform. These investment opportunities span a total of 1,172,818 square feet of properties for sale, with an estimated market value of $74,226,477.

    Sale prices for multifamily properties in Sioux Falls, SD start at $150,000, averaging $1,075,746, and reaching up to $9,494,000 — 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 31
    Duplexes 30
    Triplexes 12
    Quadplexes 9
    Mobile home & RV parks 1

    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 $315K
    57101 $374.9K
    57104 $478.4K
    57103 $868.4K
    57105 $1.4M

    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

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Sioux Falls, SD

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    Most Searched ZIP Codes in Sioux Falls, SD

    • 57104
    • 57103
    • 57105
    • 57110
    • 57106
    • 57101
    • 57108
    • 57710

    Featured Sioux Falls Real Estate Agencies

    Realmo connects you with licensed Sioux Falls CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    4TUNE, INC.
    606 W 33rd St Sioux Falls, SD 57105
    Phone: (605) 310-1162
    Keller Williams Realty Sioux Falls
    6300 S. Connie Ave Sioux Falls, SD 57108
    Phone: (605) 275-0555
    kwrsf.com/
    Century 21 Advantage
    4900 S Minnesota Ave Ste 201 Sioux Falls, SD 57108
    Phone: (605) 336-2121
    www.3362121.com
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