1011 S 2nd Ave, Sioux Falls, SD 57105

Sioux Falls
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
1011 S 2nd Ave,Sioux Falls, SD 57105
$675,000
  • - Beds
  • - Baths
  • 5,832 sq. ft.
  • Multi-family
  • Active
Listed by:
  • Listing agent0
    Kim Hofer(605) 212 - 8799
    Better Homes and Gardens Real Estate Beyond
Office: better homes and gardens real estate beyond
MLS#:22602400
Source:SD_RASE

Price summary

  • Price:$675,000
  • Price per sq. ft.:$115.74

About this home

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.

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Home facts

  • Year built:1971
  • Listing ID #:22602400
  • Added:1 day(s) ago
  • Updated:April 09, 2026 at 02:38 PM

Rooms and interior

  • Living area:5,832 sq. ft.

Structure and exterior

  • Year built:1971
  • Building area:5,832 sq. ft.
  • Lot area:0.17 Acres

Schools

  • High school:Lincoln HS
  • Middle school:Patrick Henry MS
  • Elementary school:Susan B Anthony ES

Finances and disclosures

  • Price:$675,000
  • Price per sq. ft.:$115.74
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