412 S Thompson Ave, Sioux Falls, SD 57103

Sioux Falls
Local realty services provided by:Better Homes and Gardens Real Estate Beyond
412 S Thompson Ave,Sioux Falls, SD 57103
$550,000
  • - Beds
  • - Baths
  • 5,376 sq. ft.
  • Multi-family
  • Active
Listed by: amber ellingsen
Office: keller williams realty sioux falls
MLS#:22606055
Source:SD_RASE

Price summary

  • Price:$550,000
  • Price per sq. ft.:$102.31

About this home

Rare opportunity to acquire a fully occupied, professionally managed 6-unit investment property in a desirable Sioux Falls location. The property consists of five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a well-balanced unit mix with strong rental demand. Common area coin opereated laundry. Updates include boiler, HVAC and concrete. This well-maintained asset provides a turnkey investment opportunity with a proven occupancy history. Conveniently located near downtown Sioux Falls with easy access to shopping, dining, schools, medical facilities, and I-229, this property is an excellent addition to any investment portfolio.

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Home facts

  • Year built:1977
  • Subdivision & Development:Lyon Homesite Addn
  • Listing ID #:22606055
  • Added:2 day(s) ago
  • Updated:August 10, 2026 at 02:40 PM

Rooms and interior

  • Living area:5,376 sq. ft.

Structure and exterior

  • Year built:1977
  • Building area:5,376 sq. ft.
  • Lot area:0.23 Acres

Schools

  • High school:Washington HS
  • Middle school:Ben REifel Middle School
  • Elementary school:Cleveland ES

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$102.31
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