Sioux Falls, SD Residential Income Properties for Sale

List

Map

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

48 properties

Sort:

Updated: Aug 9

Six-Unit Apartment Building

412 S Thompson Ave, Sioux Falls, SD 57103

$550,000

5,376 sqft 0.23 AC lot

Six units: five 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
5,376 SF apartment building on a 0.2299‑acre site
Built in 1977 with brick veneer construction and a composition roof
Coin‑operated laundry in the common area
Updates include boiler, HVAC, and concrete

View details

This listing looks promising.

Here's a quick look at some key insights for

412 S Thompson Ave, Sioux Falls, SD 57103-2094

View Property Analytics

Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$43K
Annual
Price @ 7% Cap

$615K
Above asking
Property Type

Multi-Family Dwellings
Built 1977

View Property Analytics

Updated: Aug 9

Renovated 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 2‑bedroom, 1‑bath units and one efficiency unit
10,800 square feet on a 0.2636‑acre site
Renovated in 2015; constructed in 1969
90% current occupancy with professional management
Five garage stalls, off‑street parking, and two coin‑operated laundry areas

View details

9-Unit Apartment Building

703 S Dakota Ave, Sioux Falls, SD 57104

$780,000

5,248 sqft 0.22 AC lot

Apartment community with varied layouts, shared laundry, a detached garage, and off-street parking.

View details

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.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Fourplex Townhome-Style Units

2800 E Madison St, Sioux Falls, SD 57103

$640,000

5,200 sqft 0.40 AC lot

Immaculately maintained fourplex with four townhome-style units, central HVAC, and in-unit washer and dryer hookups.

View details

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, upgraded kitchens, and low-maintenance exterior materials.

View details

New-Construction Duplex

1107 S Foss Ave, Sioux Falls, SD 57110

$980,000

5,220 sqft 0.41 AC lot

Two ranch-style walkout residences offer four bedrooms, three bathrooms, and open-concept living areas.

View details

Two-Unit Duplex with Rental Income

1409 N Blauvelt Ave, Sioux Falls, SD 57103

$289,900

1,824 sqft

Both residences are leased and include dedicated laundry areas.

View details

Quadplex with Four-Stall Garage

2601 E Pioneer Trl, Sioux Falls, SD 57103

$539,000

3,264 sqft 0.32 AC lot

Income-producing four-unit property with resident parking, public utilities, and proximity to trails, parks, restaurants, and an interstate.

View details

Four-Plex Rental Property

2900 E Klondike Trl, Sioux Falls, SD 57103

$549,000

3,776 sqft 0.32 AC lot

Four 2-bedroom, 1-bath units with detached single-stall garages on a public water and public sewer system.

View details

Two-Unit Multifamily Property

904 S BLAINE AVE, Sioux Falls, SD 57103

Contact for pricing

5,100 sqft 0.32 AC lot

Two-unit multifamily asset with a 1972 construction date and AS1 zoning in Sioux Falls.

View details

Nearly New 42-Unit Townhome-Style Apartments

4802 S Hosta Ave, Sioux Falls, SD 57110

$7,950,000

59,544 sqft 3.08 AC lot

Nearly new 42-unit apartment community built in 2021 with attached garages, in-unit laundry, and private patio access.

View details

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.

View details

8-Plex Apartment Complex with Garages

4101 S West Ave, Sioux Falls, SD 57105

Contact for pricing

56,832 sqft

Apartment complex of eight 8-plex buildings totaling 64 units, with on-site laundry and 40 detached garages.

View details

6-Unit Brick Apartment Building

1011 S 2nd Ave, Sioux Falls, SD 57105

$675,000

5,832 sqft 0.17 AC lot

Central Sioux Falls multifamily property with mixed one- and two-bedroom units, laundry income, garage parking, and alley-accessed parking.

View details

Furnished Triplex With Separate Units

2504 S Summit Ave, Sioux Falls, SD 57105

$450,000

2,420 sqft 0.22 AC lot

Three furnished residences offer distinct living areas, kitchens, bedrooms, and baths within a central Sioux Falls property.

View details

Sioux Falls Multifamily Investment Opportunity

809 South Sherman Avenue, Sioux Falls, SD 57104

Contact for pricing

9,602 sqft

Project-based Section 8 apartments near downtown Sioux Falls.

View details

Updated Triplex Multifamily Property

801 W 13th St, Sioux Falls, SD 57104

$250,000

1,784 sqft 0.07 AC lot

Three-unit residential property with renovated kitchens, bathrooms, interiors, and separately metered utilities.

View details

54-Unit Multifamily Community

4601 E 26th St, Sioux Falls, SD 57110

Contact for pricing

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

Three-Unit Triplex

624 W 11th St, Sioux Falls, SD 57104

$175,000

2,948 sqft 0.16 AC lot

One two-bedroom apartment and two one-bedroom apartments create a flexible rental configuration.

View details

Turnkey 8-Plex Apartment Building

3505 S Hawthorne Ave, Sioux Falls, SD 57105

Contact for pricing

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

Wood-Siding Triplex

514 S Summit Ave, Sioux Falls, SD 57104

$264,000

1,864 sqft 0.11 AC lot

Triplex built in 1910 with forced-air heat and public water and sewer service.

View details

Fully Leased 4-Plex with Garages

300 W. 22nd Street, Sioux Falls, SD 57105

$380,000

Four fully leased 2-bedroom units each include 1 bath, with coin-operated laundry and four garage stalls.

View details

5-Plex Apartment Building

1118 W 8th St, Sioux Falls, SD 57104

$314,000

2,204 sqft 0.15 AC lot

5 one-bedroom, one-bath units with recent interior and exterior paint, plus a detached garage.

View details

Sioux Falls, SD Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Sioux Falls, SD, showcased through 48 active listings on our real estate platform. These investment opportunities span a total of 1,049,590 square feet of properties for sale, with an estimated market value of $24,072,700.

Sale prices for residential income properties in Sioux Falls, SD start at $175,000, averaging $830,093, and reaching up to $7,950,000 — 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
57103	$424.5K
57105	$501.7K
57104	$524.8K
57110	$2.8M

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