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For sale
  • Price cut: $25K (7/1)
    $374,900

    201 N French Ave, Sioux Falls, SD 57103

    8beds
    2,729sqft
    : 
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    Multi Family
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $137/sqft
    $-- HOA

    What's special

    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
    |
    206
    |
    13
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nic Madsen 712-540-6562,

    Gateway Real Estate Advisors

    Source: Northwest Iowa Regional BOR,MLS#: 831621MLS Logo

      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

        Not available

        Estimated sales range

        Not available

        $962/mo

        Price history

        DateEventPrice
        7/1/2026Price change$374,900-6.3%$137/sqft
        Source: Realtor Association of the Sioux Empire #22600487 Report a problem
        5/4/2026Price change$399,900-2.4%$147/sqft
        Source: Realtor Association of the Sioux Empire #22600487 Report a problem
        1/24/2026Listed for sale$409,900+74.4%$150/sqft
        Source: Realtor Association of the Sioux Empire #22600487 Report a problem
        1/4/2022Sold$235,000$86/sqft
        Source: Realtor Association of the Sioux Empire #22107189 Report a problem
        12/15/2021Listed for sale$235,000$86/sqft
        Source: Realtor Association of the Sioux Empire #22107189 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,703 +6.6%$231,500 +8.2%
        2024$3,472 +21.9%$213,900 +32.6%
        2023$2,848 +4.2%$161,300 +10.3%
        2022$2,733 +3.6%$146,300 +6%
        2021$2,639 -14.4%$138,000 -12.7%
        2020$3,082 +16.1%$158,100 +9.3%
        2018$2,654 -6.4%$144,708 +7.6%
        2017$2,837 +6.9%$134,511 +1.2%
        2016$2,654 -2.2%$132,882 +3.2%
        2015$2,714 +0.5%$128,805
        2014$2,700 +4.9%$128,805 +1.4%
        2013$2,575 $126,996
        2012$2,575 $126,996
        2011-- $126,996
        2010-- $126,996
        2009$2,435 $126,996
        2008-- $126,996 +2.5%
        2007-- $123,917
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Whittier

        Getting around

        85 / 100
        Very Walkable
        25 / 100
        Some Transit
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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