304 - 308 S Conklin Ave, Sioux Falls, SD 57103

Sioux Falls
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
304 - 308 S Conklin Ave,Sioux Falls, SD 57103
$1,200,000
  • - Beds
  • - Baths
  • 7,250 sq. ft.
  • Multi-family
  • Active
Listed by: blake bohner, brad stearns
Office: 605 real estate llc.
MLS#:22506308
Source:SD_RASE

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$135.52

About this home

Conklin Apartments, located at 304–308 S. Conklin Ave in Sioux Falls, offers an excellent opportunity to acquire a 12-unit multifamily property in a strong rental market. Built in 1975, this Class B garden-style complex features a mix of one studio unit at 450 sq. ft., five one-bedroom units at 550 sq. ft., and six two-bedroom units at 675 sq. ft., for a total of 7,250 net rentable square feet situated on a 0.42-acre lot. The property includes off-street parking at a ratio of 1.17 spaces per unit, brick exterior construction with a mansard-style roof, and individually metered electricity with sub-metered water and sewer. As of June 24, 2025, the building is 91.7% occupied with in-place rents totaling $7,187 per month and a market rent potential of $9,323 per month, offering clear upside for investors through lease-up and rent adjustments. Units feature functional layouts with balconies or patios, standard appliances, and laundry connections. The property benefits from a convenient...

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Home facts

  • Year built:1975
  • Subdivision & Development:Unp 15-101-49
  • Listing ID #:22506308
  • Added:400 day(s) ago
  • Updated:September 19, 2026 at 02:41 PM

Rooms and interior

  • Living area:7,250 sq. ft.

Structure and exterior

  • Year built:1975
  • Building area:7,250 sq. ft.
  • Lot area:0.42 Acres

Schools

  • High school:Lincoln HS
  • Middle school:Whittier MS
  • Elementary school:Terry Redlin ES

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$135.52
  • Tax amount:$11,459
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