Rare opportunity to acquire a fully occupied, professionally managed 6-unit investment property in a desirable Sioux Falls location. The property consists of five 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, offering a well-balanced unit mix with strong rental demand. Common area coin opereated laundry. Updates include boiler, HVAC and concrete. This well-maintained asset provides a turnkey investment opportunity with a proven occupancy history. Conveniently located near downtown Sioux Falls with easy access to shopping, dining, schools, medical facilities, and I-229, this property is an excellent addition to any investment portfolio.
For sale
$550,000
412 S Thompson Ave, Sioux Falls, SD 57103
--beds
--baths
5,376sqft
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$102/sqft
$-- HOA
What's special
- 23 days
- 437
- 8
Zillow last checked:
Listing updated:
Listed by:
Amber D Ellingsen,
Keller Williams Realty Sioux Falls 605-275-0555
Source: Realtor Association of the Sioux Empire,MLS#: 22606055
Facts & features
Interior
Heating
- Baseboard
Cooling
- Window Unit(s)
Appliances
- Included: Refrigerator, Range, Dishwasher
Features
- Flooring: Laminate
- Basement: Full
Interior area
- Total interior livable area: 5,376 sqft
Property
Parking
- Parking features: Detached
Features
- Stories: 3
- Entry location: Private
Lot
- Size: 10,014 Square Feet
Details
- Parcel number: 39155
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Veneer
- Roof: Composition
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Lyon Homesite Addn
Location
- Region: Sioux Falls
Financial & listing details
- Price per square foot: $102/sqft
- Date on market: 8/10/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Listed for sale | $550,000+66.7%$102/sqft |
Source:  Realtor Association of the Sioux Empire #22606055 Report a problem | ||
| 3/6/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/14/2024 | Listed for rent | $725 |
Source: Zillow Rentals Report a problem | ||
| 2/24/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/9/2023 | Listed for rent | $725+20.8% |
Source: Zillow Rentals Report a problem | ||
| 1/27/2020 | Listing removed | $600 |
Source: Charisma Property Management Report a problem | ||
| 12/18/2019 | Listed for rent | $600 |
Source: Zillow Rental Manager Report a problem | ||
| 2/6/2018 | Listing removed | $329,900$61/sqft |
Source: Owner Report a problem | ||
| 2/6/2018 | Listed for sale | $329,900$61/sqft |
Source: Owner Report a problem | ||
| 1/24/2018 | Pending sale | $329,900$61/sqft |
Source: Owner Report a problem | ||
| 1/17/2018 | Listed for sale | $329,900+34.7%$61/sqft |
Source: Owner Report a problem | ||
| 4/29/2016 | Sold | $245,000$46/sqft |
Source: Realtor Association of the Sioux Empire #216000009 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: 57103
Nearby schools
Schools provided by the listing agent
- Elementary: Cleveland ES
- Middle: Ben REifel Middle School
- High: Washington 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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