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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1011 S 2nd Ave in Sioux Falls, SD is listed for $675,000 ($116 per sqft). Built in 1971, the home offers 5,832 sqft of living space on a 0.17 acres lot.
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.
Key Features
- Built in 1971
- 0.17 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$3,610/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1011 S 2nd Ave
Sioux Falls, SD 57105-0849
Boulevard Addn
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1011 S 2nd Ave is listed at $675,000 ($116/sqft). The estimated monthly payment is $2,925 based on 20% down at 6.5% interest.
Key features include: Built in 1971, 0.17 acre lot, 2 stories.
This property is listed by Kim Hofer and can be reached at (605) 413-7522 or kimhofer@bhgrebeyond.com.
