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.
For sale
$675,000
1011 S 2nd Ave, Sioux Falls, SD 57105
--beds
--baths
5,832sqft
Multi Family
Built in 1971
-- sqft lot
$-- Zestimate®
$116/sqft
$-- HOA
What's special
On-site laundryGarage parking
- 100 days |
- 200 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Kim A Hofer,
Better Homes and Gardens Real Estate Beyond
Source: Realtor Association of the Sioux Empire,MLS#: 22602400
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Facts & features
Interior
Heating
- Natural Gas
Cooling
- Other
Appliances
- Included: Refrigerator, Range, Dishwasher
Features
- Flooring: Carpet, Laminate
- Basement: Full
Interior area
- Total structure area: 5,832
- Total interior livable area: 5,832 sqft
Property
Parking
- Parking features: Off Street
Features
- Stories: 2
- Entry location: Other
Lot
- Size: 7,501 Square Feet
- Dimensions: 50x150
Details
- Parcel number: 26711
- Zoning: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Block
- Roof: Tar/Gravel
Condition
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Boulevard Addn
Location
- Region: Sioux Falls
Financial & listing details
- Price per square foot: $116/sqft
- Date on market: 4/8/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listed for sale | $675,000+7.3%$116/sqft |
Source:  Realtor Association of the Sioux Empire #22602400 Report a problem | ||
| 11/12/2025 | Listing removed | $629,000+3.4%$108/sqft |
Source: Realtor Association of the Sioux Empire #22303995 Report a problem | ||
| 9/22/2023 | Sold | $608,500-3.3%$104/sqft |
Source: Realtor Association of the Sioux Empire #22305281 Report a problem | ||
| 8/15/2023 | Listed for sale | $629,000$108/sqft |
Source: Realtor Association of the Sioux Empire #22305281 Report a problem | ||
| 7/31/2023 | Listing removed | -- |
Source: Realtor Association of the Sioux Empire #22303995 Report a problem | ||
| 6/27/2023 | Listed for sale | $629,000$108/sqft |
Source: Realtor Association of the Sioux Empire #22303995 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: All Saints
Nearby schools
GreatSchools rating
- 3/10Susan B. Anthony ElementaryGrades: PK-5Distance: 0.7 mi
- 8/10Patrick Henry Middle School - 07Grades: 6-8Distance: 0.8 mi
- 6/10Lincoln High School - 02Grades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Susan B Anthony ES
- Middle: Patrick Henry MS
- High: Lincoln HS
- District: Sioux Falls
Source: Realtor Association of the Sioux Empire. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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