1011 S 2nd Ave Sioux Falls, SD 57105
All Saints NeighborhoodEstimated payment $4,057/month
About This Home
Positioned in a convenient central Sioux Falls location, this well-maintained 6-plex presents a strong investment opportunity with reliable in-place income and future upside potential. The property features a desirable mix of 1- and 2-bedroom units, appealing to a broad tenant base and supporting consistent occupancy. Recent improvements enhance both functionality and tenant satisfaction, while additional income is generated through on-site laundry. Tenants also enjoy the convenience of garage parking, along with added off-street parking accessible via the alley. For investors, this is a stabilized small multifamily asset offering steady cash flow today with opportunities to further increase returns through rent optimization and operational efficiencies. A practical, income-producing property with long-term potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,750
Year Built
- Built in 1971
Lot Details
- 7,501 Sq Ft Lot
- Lot Dimensions are 50x150
Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 5,832 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
- Dishwasher
Flooring
- Carpet
- Laminate
Schools
- Susan B Anthony Elementary School
- Patrick Henry Middle School
- Lincoln High School
Utilities
- Heating System Uses Natural Gas
Community Details
- 6 Units
- Boulevard Addn Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,694 | $345,000 | $30,500 | $314,500 |
| 2023 | $5,774 | $42,500 | $30,500 | $12,000 |
| 2022 | $5,734 | $310,000 | $31,800 | $278,200 |
| 2021 | $6,475 | $338,100 | $0 | $0 |
| 2020 | $6,475 | $338,700 | $0 | $0 |
| 2019 | $5,983 | $305,984 | $0 | $0 |
| 2018 | $5,444 | $293,541 | $0 | $0 |
| 2017 | $5,508 | $278,482 | $31,200 | $247,282 |
| 2016 | $5,508 | $278,482 | $31,200 | $247,282 |
| 2015 | $5,786 | $277,182 | $29,900 | $247,282 |
| 2014 | $5,524 | $277,182 | $29,900 | $247,282 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2026 04/07/26 | For Sale | $675,000 | -- | $116 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22602400
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information is deemed reliable but not guaranteed.
Copyright 2026 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.
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