Unlock a rare investment opportunity with an impressive 9% cap rate in the heart of downtown Sioux Falls! This prime triplex offers exceptional income potential, situated just steps from top attractions, dining, and entertainmentâ??ensuring steady tenant demand and consistent cash flow. Whether you're looking to build equity or maximize rental income, this property is a smart choice for savvy investors. Act now to capitalize on this high-yield opportunityâ??properties like this donâ??t stay on the market long! Reach out today to learn more and secure your foothold in one of the area's most vibrant neighborhoods. Listing agent is related to the seller.
This multifamily duplex offers a fantastic investment opportunity or the perfect setup for owner-occupied living. Each unit features 2 spacious bedrooms and 1 full bathroom, with private entrances that provide added privacy and convenience. The property includes paved parking for residents and guests, and a large shared backyard ideal for outdoor gatherings, gardening, or relaxing. Whether you're looking to expand your rental portfolio or enjoy living in one unit while renting out the other, this duplex offers both comfort and potential in a desirable location.
Unique turnkey opportunity near Downtown Sioux Falls has everything you need to start your investment dreams. This 4 unit home comes fully furnished, highly maintained and has a great history of short and mid term rental. Currently an AirBNB and Furnished Finder Super Host, The Garden House (unit 1 - sleeps 6), Meeting Place (unit 2 - sleeps 4), Victorian (unit 3, studio - sleeps 2), and Loft (unit 4 - sleeps 4), have been updated and restored, each with a gas stove, full kitchen set ups and dining areas. Manicured outdoor space offers landing/deck area for each units use, patio tables, chairs, and grills for guest use, as well as bikes to explore downtown, bike trails and parks. A total of 2,256 total square feet, laundry and extra storage space in basement, this property has it all. Blocks from Downtown Sioux Falls, Terrace Park, shopping, restaurants, nature areas and more!
l hwAttention Investors! 1213 & 1215 N Archer Ave. Two separate twin home units on one parcel. Very hard to find 4 bedroom, 3 bath ranch walkout twin homes with 2055 finished sq feet per unit. Built in 2019 by G & D Harr Construction. Master bedrooms features fan, 3/4 bath and large walk in closet. Main floor laundry, birch cabinetry in kitchens, slider to decks and vaulted ceilings in living/kitchen area. Slider to patio in walkout lower level. Includes sprinkler and landscape edging with rock. Both units rent for $1800 per month. Photos are similar to. Tenants pay all utilities and take care of snow. Owner pays for lawn maintenance.
Attention Investors! 1209 and 1211 N Archer Ave. Property consists of two totally separated twin homes on one parcel. Very hard to find 4 bedroom, 3 bath ranch walkout twinhomes with 2055 finished sq feet per unit. Built in 2019 by G & D Harr Construction. Master bedrooms features fan, 3/4 bath and large walk in closet. Main floor laundry, birch cabinetry in kitchens, vaulted ceilings in living/kitchen area and slider to decks. Lower level has walkout to patio. Includes sprinkler and landscape edging with rock. 1209 N Archer Ave rents for $1800 per month. 1211 N Archer Ave rents for $2000 per month. Photos are similar too. Tenants pay all utilities and take care of snow. Owner pays for lawn maintenance.
Sandy Creek Apartments is a 24-unit multifamily community located in Central Sioux Falls, South Dakota. Built in 1997, the property consists of a single three-story building situated on a well-positioned 1.23-acre lot. The asset offers approximately 27,465 square feet of rentable space across a mix of one-, two-, and three-bedroom layoutsâ??designed to support steady rental demand and long-term occupancy. Each apartment features a functional floor plan ranging from 700 to 1,100 square feet, with in-unit washer and dryer hookups, wall-mounted A/C units, and either a patio or balcony for outdoor access. Residents enjoy surface parking, 24 detached garage stalls providing additional income potential, and scenic views of the nearby creek that borders the property. Sandy Creek offers an affordable, well-located housing option in a market where demand for mid-tier multifamily product continues to outpace supply. Centrally located at 320 N Western Ave, the property benefits from excellent proximity to the Denny Sanford Premier Center, downtown Sioux Falls, and major retail and employment corridors. The Central Sioux Falls submarket offers convenient access to I-29, public transit, and daily amenities, making Sandy Creek an attractive option for tenants seeking value, space, and accessibility in a growing regional hub.
10 units total; 405- 5 plex , 407- duplex, and 409- TriPlex. Listing includes Two 2 bedroom units, Four 1 bedroom units and 4 studios. Many updates have been made in the units, common areas, and exterior. Great rental history with minimal vacancies and long term tenants. Coin operated laundry on site. Triplex and duplex have separate electric meters. Listing agent has ownership interest in the property.
Don't miss this investment opportunity! This two story five plex is conveniently located near colleges, hospitals, and downtown Sioux Falls. Additional income could be generated by installing coin operated laundry. Tenants pay electricity. Owner currently pays gas, trash, lawn care, snow removal, water & sewer cost. RUBS program could be installed to bill back tenants for trash, water and sewer, and gas for additional income. New flooring, paint, and light fixtures have been installed as tenants have moved out to update the property and increase rents over the last two years. Renterâ??s insurance in place for all tenants setting this property up for great future growth!
Discover an incredible income-generating opportunity with this well-maintained 4-unit multifamily property! This turnkey investment is perfect for both seasoned investors and those looking to build wealth through real estate. Each townhome has 3 spacious bedrooms on the same level, 2 and a half bathrooms, a 2 car attached garage, and in-unit washers and dryers. You'll have immediate cash flow, as all 4 of these townhomes are rented; no vacancy. Very low maintenance, as these units are only 4 years old and include window coverings and kitchen appliances. Even lower exterior maintenance with an HOA that covers lawn care, snow removal, and trash service. Add these units to your existing portfolio or start off with these great units!
Discover this investment opportunity in Sioux Falls, SD. This assembled portfolio of twin homes, built in 2004 and owned by one owner, boasts a history of strong occupancy. The portfolio includes the following addresses: 3500 W. Hughes Place, 3502 W. Hughes Place, 3512 W. Hughes Place, 3514 W. Hughes Place, 3516 W. Hughes Place, 3518 W. Hughes Place, 3600 W. Hughes Place, and 3602 W. Hughes Place. All the properties are located in a homeownerâ??s association (HOA). Please contact listing broker for details. NOTE: The seller prefers to sell the properties as a complete portfolio. These twin homes are ideally situated near schools, restaurants, retail shopping centers, and major highways, ensuring potentially consistent tenant demand, Each unit averages approximately 2,400 sq. ft. and features 4 bedrooms, 3 bathrooms, and attached two-stall garages. Current monthly rents range from $1,600 to $1,850, with potential for increases. New roofs in 2023 and the exteriors were painted in 2024. The portfolio consists of 8 rentable units, comprising 4 twin homes. The properties are located near retail stores along Louise Avenue, one of Sioux Fallsâ?? busiest commercial corridors. The area offers a variety of dining options, from fast food to casual dining and local favorites. Platinum Valley Park provides green space, a picnic area, a ball field, and other recreational facilities, while healthcare needs are well-supported with Sanford Health and Avera Health facilities nearby. The property also benefits from easy access to I-29 and I-229, ensuring straightforward commuting. This offering represents a rare opportunity to acquire a strategically located, historically high occupancy residential portfolio in the thriving Sioux Falls, SD market.
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Sioux Falls is located in South Dakota. Sioux Falls, South Dakota has a population of 189,258. Sioux Falls is more family-centric than the surrounding county with 34.63% of the households containing married families with children. The county average for households married with children is 34.14%.
The median household income in Sioux Falls, South Dakota is $66,761. The median household income for the surrounding county is $66,502 compared to the national median of $69,021. The median age of people living in Sioux Falls is 34.5 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 6.3 degrees. The average rainfall is approximately 26.7 inches per year, with 37.6 inches of snow per year.
