About This Home

This 14-bedroom, 8-bathroom residential multi family at 703 S Dakota Ave in Sioux Falls, SD is listed for $780,000 ($149 per sqft). Built in 1977, the home offers 5,248 sqft of living space on a 0.22 acres lot.

Key Features

  • Built in 1977
  • 0.22 acre lot
  • 2 stories

Property Details

2 stories
8 full
1977

Amenities

A/C
Listing Description

Excellent investment opportunity to acquire a 9-unit apartment building located just blocks from downtown Sioux Falls. The property has been professionally managed for many years and features a desirable unit mix of eight 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit.

Recent improvements include new siding, security doors, and cement, along with several remodeled units.The apartments offer spacious layouts with dining areas off the kitchens, large windows providing natural light, ample closet and storage space, and individual window air conditioning units.

The property includes common-area coin operated laundry in the lower level, a 7-stall detached garage, and off-street parking. Conveniently located near shopping, dining, entertainment, schools, this well-maintained property provides strong rental appeal and an excellent opportunity for investors seeking a turnkey asset.

Monthly Cost Estimate

$4,172/mo

20% down · 6.5% · 30 years

Principal$564
Interest$3,380
Insurance$228

Estimates only. Actual payments may vary.

Location

703 S Dakota Ave

Sioux Falls, SD 57104

Lloyd Addn

Property Details

Flooring

CarpetLaminate

Construction

HardiPlank Type

Heating

Baseboard

Cooling

Window Unit(s)

Appliances

RangeRefrigerator

Questions & Answers

This 14-bedroom, 8-bathroom residential multi family at 703 S Dakota Ave is listed at $780,000 ($149/sqft). The estimated monthly payment is $4,172 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1977, 0.22 acre lot, 2 stories.

This property is listed by Amber Ellingsen.

AE

Amber Ellingsen

Agent at Keller Williams Realty Sioux Falls

Listed by Keller Williams Realty Sioux Falls · Broker phone: (605) 275-0555 · View on Broker Site · Broker website

MLS# 22606054· Source: Realtor Association of the Sioux Empire MLS· 84 days on PropertySimple

Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

703 S Dakota Ave, Sioux Falls, SD 57104

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