Welcome to 109 N Wayland Ave, Sioux Falls, SD
Discover an exceptional investment opportunity in the heart of Sioux Falls with this well-maintained fully rented 5-plex. The units consist of 4 studio 1 bath apartments and one 1 bed and a 1 bathroom unit, perfect for singles or couples seeking comfort and convenience.
Property Highlights:
-New furnace and AC in 2023
-Income Potential: Benefit from a 7% Cap Rate, ensuring a reliable and steady income stream.
-Newly Renovated Units in 2022- FULLY occupied!
- New AC and Furnace in 2023
-Prime Location: Nestled in a convenient neighborhood, residents will enjoy easy access to shopping, parks, and the vibrant downtown area.
-Parking & Storage: Ample off-street parking for tenants, complemented by a detached 2-stall garage that offers additional convenience and potential for extra income.
This 5-plex is a rare find and a golden opportunity for savvy investors. Don’t miss out on owning a valuable piece of real estate in Sioux Falls!
Sold for $440,000
$440,000
109 N Wayland Ave, Sioux Falls, SD 57103
--beds
--baths
2,100sqft
Multi Family
Built in 1934
-- sqft lot
$444,000 Zestimate®
$210/sqft
$1,177 Estimated rent
Home value
$444,000
$422,000 - $471,000
$1,177/mo
Zestimate® history
Owner options
List your home for rent
$1,177/mo
Rent Zestimate®
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$1,177/mo
Rent Zestimate®
Refinance and save
$2,282/mo
Est. payment
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$2,282/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Greg T Doohen,
Keller Williams Realty Sioux Falls 605-275-0555,
Mark C Bartels,
Keller Williams Realty Sioux Falls
Bought with:
Beau R Carpenter
Source: Realtor Association of the Sioux Empire,MLS#: 22404927
Facts & features
Interior
Heating
- Natural Gas
Cooling
- Electric
Appliances
- Included: Range, Refrigerator
Features
- Flooring: Carpet, Vinyl
- Basement: Full
Interior area
- Total interior livable area: 2,100 sqft
Property
Parking
- Parking features: Detached
Features
- Stories: 2
- Entry location: Community
Lot
- Size: 4,970 Square Feet
- Dimensions: .12
Details
- Parcel number: 30298
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 1934
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: East Sioux Falls Addn
Location
- Region: Sioux Falls
Financial & listing details
- Price per square foot: $210/sqft
- Tax assessed value: $260,200
- Annual tax amount: $4,164
- Date on market: 7/9/2024
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/4/2026 | Listing removed | $725 |
Source: Zillow Rentals Report a problem | ||
| 1/8/2026 | Listed for rent | $725 |
Source: Zillow Rentals Report a problem | ||
| 1/13/2025 | Sold | $440,000-2.2%$210/sqft |
Source:  Realtor Association of the Sioux Empire #22404927 Report a problem | ||
| 7/9/2024 | Listed for sale | $450,000+47.2%$214/sqft |
Source: Realtor Association of the Sioux Empire #22404927 Report a problem | ||
| 9/30/2022 | Sold | $305,750+165.9%$146/sqft |
Source: Agent Provided Report a problem | ||
| 1/30/2004 | Sold | $115,000$55/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,164 +3.3% | $260,200 +4.8% |
| 2024 | $4,031 -9.5% | $248,300 -1.9% |
| 2023 | $4,452 +5.1% | $253,100 +11.2% |
| 2022 | $4,237 +15% | $227,700 +18.2% |
| 2021 | $3,684 +12.9% | $192,700 +6.8% |
| 2020 | $3,263 +13.9% | $180,400 +16.8% |
| 2018 | $2,865 -6.3% | $154,508 +7.4% |
| 2017 | $3,057 +6.7% | $143,799 +7.7% |
| 2016 | $2,865 +5.9% | $133,473 +5.3% |
| 2015 | $2,705 -0.1% | $126,789 |
| 2014 | $2,707 +5.8% | $126,789 +0.8% |
| 2013 | $2,558 | $125,815 +1% |
| 2012 | $2,558 | $124,559 |
| 2011 | -- | $124,559 |
| 2010 | -- | $124,559 |
| 2009 | $2,420 | $124,559 |
| 2008 | -- | $124,559 +3.4% |
| 2007 | -- | $120,465 |
Find assessor info on the county website
Neighborhood: Whittier
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Nearby schools
GreatSchools rating
- 3/10Terry Redlin Elementary - 11Grades: K-5Distance: 0.2 mi
- 3/10Whittier Middle School - 08Grades: 6-8Distance: 0.4 mi
- 6/10Lincoln High School - 02Grades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Terry Redlin ES
- Middle: Whittier 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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$444,000
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- South Dakota
- Minnehaha County
- Sioux Falls
- 57103
- Whittier
- 109 N Wayland Ave
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