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.?
For sale
$374,900
201 N French Ave, Sioux Falls, SD 57103
8beds
2,729sqft
Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$137/sqft
$-- HOA
What's special
- 263 days
- 115
- 9
Zillow last checked:
Listing updated:
Listed by:
Nic Madsen 712-540-6562,
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
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Price change | $374,900-6.3%$137/sqft |
Source: | ||
| 5/4/2026 | Price change | $399,900-2.4%$147/sqft |
Source: | ||
| 1/24/2026 | Listed for sale | $409,900+74.4%$150/sqft |
Source: | ||
| 1/4/2022 | Sold | $235,000$86/sqft |
Source: | ||
| 12/15/2021 | Listed for sale | $235,000$86/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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







