201 N French Ave presents a compelling four-unit multifamily investment opportunity in Sioux Falls, South Dakota.? This 4-plex offers a mix of two 1-bed/1-bath and two 3-bed/1-bath units, broadening tenant appeal and reducing turnover risk.? Three units are already renovated, with the fourth in progress, meaning much of the capital work is already done.? At a reduced price, this is a well-positioned value-add opportunity for investors looking to scale their multifamily portfolio in Sioux Falls.? This mixed unit configuration offers ownership flexibility to hold for cash flow or build on renovation momentum, making it an efficient way to scale a multifamily portfolio at a reduced price.? The building has also benefited from a new roof installed in 2022, significantly reducing near-term capital expenditures and enhancing long-term durability.? Located in an established Sioux Falls neighborhood with convenient access to employment centers, retail, and daily amenities, 201 N French Ave offers investors a well-maintained asset with a proven rental profile and continued upside potential.?
175 days
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206
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13
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Zillow last checked:
Listing updated:
Listed by:
Nic Madsen712-540-6562,
Gateway Real Estate Advisors
Source: Northwest Iowa Regional BOR,MLS#: 831621
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4
Heating
Forced Air
Cooling
Window Unit(s)
Interior area
Total structure area: 2,729
Total interior livable area: 2,729 sqft
Finished area below ground: 0
Property
Lot
Size: 3,920 Square Feet
Details
Parcel number: 033983
Zoning: res
Zoning description: res
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Condition
Year built: 1915
Utilities & green energy
Sewer: Public Sewer
Water: City
Community & HOA
Location
Region: Sioux Falls
Financial & listing details
Price per square foot: $137/sqft
Tax assessed value: $231,500
Annual tax amount: $3,570
Price range: $374.9K - $374.9K
Date on market: 1/27/2026
Total actual rent: 50350
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$962/mo
Price history
Date
Event
Price
7/1/2026
Price change
$374,900-6.3%$137/sqft
Source: Realtor Association of the Sioux Empire #22600487Report a problem
5/4/2026
Price change
$399,900-2.4%$147/sqft
Source: Realtor Association of the Sioux Empire #22600487Report a problem
1/24/2026
Listed for sale
$409,900+74.4%$150/sqft
Source: Realtor Association of the Sioux Empire #22600487Report a problem
1/4/2022
Sold
$235,000$86/sqft
Source: Realtor Association of the Sioux Empire #22107189Report a problem
12/15/2021
Listed for sale
$235,000$86/sqft
Source: Realtor Association of the Sioux Empire #22107189Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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