1118 W 8th St, Sioux Falls, SD 57104

Sioux Falls
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
1118 W 8th St,Sioux Falls, SD 57104
$290,000
  • - Beds
  • - Baths
  • 2,204 sq. ft.
  • Multi-family
  • Active
Listed by: aiden schoenhard, sarah ekholm
Office: ekholm team real estate
MLS#:22603143
Source:SD_RASE

Price summary

  • Price:$290,000
  • Price per sq. ft.:$131.58

About this home

CASH FLOW MACHINE! This high-performing 5-Plex is priced at $290K with approximately $3,660/month in gross rental potential—exceeding the 1% Rule. Whether you're an investor chasing strong returns or an owner-occupant looking to offset your mortgage, this one delivers. Each unit offers 1 bed, 1 bath, making it highly attractive for consistent tenant demand and easy leasing. Recent improvements include fresh interior and exterior paint, with most units featuring new flooring, carpet, and updated finishes, giving the property a clean, modern feel tenants are actively looking for. A detached garage adds additional income potential, creating another stream of cash flow. This is a true turnkey opportunity with strong rental upside and minimal immediate maintenance needs. High demand, strong numbers, and above-average returns—opportunities like this don’t last. Lock it in before someone else does.

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Home facts

  • Year built:1919
  • Subdivision & Development:Covell's 1st Addn
  • Listing ID #:22603143
  • Added:190 day(s) ago
  • Updated:November 12, 2026 at 05:01 PM

Rooms and interior

  • Living area:2,204 sq. ft.

Structure and exterior

  • Year built:1919
  • Building area:2,204 sq. ft.
  • Lot area:0.15 Acres

Schools

  • High school:Thomas Jefferson High School
  • Middle school:George McGovern MS - Sioux Falls
  • Elementary school:Lowell ES

Finances and disclosures

  • Price:$290,000
  • Price per sq. ft.:$131.58
  • Tax amount:$3,431
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