Multi-Family $ 675,000

1011 S 2nd Ave

Sioux Falls, SD 57105

  • 5,832 SqFt
  • 7,501 Lot Size
  • 1971 Year Built
Positioned in a convenient central Sioux Falls location, this well-maintained 6-plex presents a strong investment opportunity with reliable in-place income and future upside potential. The property features a desirable mix of 1- and 2-bedroom units, appealing to a broad tenant base and supporting consistent occupancy.

Recent improvements enhance both functionality and tenant satisfaction, while additional income is generated through on-site laundry. Tenants also enjoy the convenience of garage parking, along with added off-street parking accessible via the alley.

For investors, this is a stabilized small multifamily asset offering steady cash flow today with opportunities to further increase returns through rent optimization and operational efficiencies. A practical, income-producing property with long-term potential.
Listed by Better Homes and Gardens Real Estate Beyond

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Six Plex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 5, 832 sqft

    Price per Sqft $115

    Subdivision Boulevard Addn

    MLS Listing ID 22602400

    Year Built 1971

    Lot Size 7,501 Sqft

    Property Sub-Type Six Plex

  • Location

    State SD

    County Minnehaha

    Area Sfc010

  • Rooms

    Basement Full

  • Building

    Foundation Block

    Sewer City Sewer

    Water City Water

  • Interior

    Heating Natural Gas

    Flooring Carpet, Laminate

  • Exterior

    Exterior Feature Part Brick

    Roof Type Tar and Gravel

  • Schools

    Elementary Schools Susan B Anthony Es

    Middle Schools Patrick Henry Ms

    High Schools Lincoln Hs

    School District Sioux Falls

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