1118 W 8th St Sioux Falls, SD 57104
Cathedral NeighborhoodEstimated payment $1,997/month
About This Home
CASH FLOW MACHINE! This high-performing 5-Plex is priced at $314K with approximately $3,660/month in gross rental potential—exceeding the 1% Rule. Whether you're an investor chasing strong returns or an owner-occupant looking to offset your mortgage, this one delivers. Each unit offers 1 bed, 1 bath, making it highly attractive for consistent tenant demand and easy leasing. Recent improvements include fresh interior and exterior paint, with most units featuring new flooring, carpet, and updated finishes, giving the property a clean, modern feel tenants are actively looking for. A detached garage adds additional income potential, creating another stream of cash flow. This is a true turnkey opportunity with strong rental upside and minimal immediate maintenance needs. High demand, strong numbers, and above-average returns—opportunities like this don’t last. Lock it in before someone else does.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,432
Year Built
- Built in 1919
Lot Details
- 6,599 Sq Ft Lot
- Lot Dimensions are 46 x 132
Home Design
- Composition Roof
Interior Spaces
- 2,204 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Laminate
- Vinyl
Schools
- Lowell Elementary School
- George Mcgovern Middle School - Sioux Falls
- Thomas Jefferson High School
Community Details
- Covell's 1St Addn Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,432 | $205,700 | $25,100 | $180,600 |
| 2024 | $3,432 | $212,100 | $25,100 | $187,000 |
| 2023 | $2,602 | $25,200 | $20,100 | $5,100 |
| 2022 | $2,579 | $217,500 | $20,000 | $197,500 |
| 2021 | $3,032 | $166,100 | $0 | $0 |
| 2020 | $3,032 | $155,300 | $0 | $0 |
| 2019 | $2,569 | $127,999 | $0 | $0 |
| 2018 | $2,371 | $123,924 | $0 | $0 |
| 2017 | $2,348 | $118,106 | $13,500 | $104,606 |
| 2016 | $2,348 | $115,681 | $12,375 | $103,306 |
| 2015 | $2,365 | $110,457 | $12,375 | $98,082 |
| 2014 | -- | $110,457 | $12,375 | $98,082 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/18/2026 06/18/26 | Price Changed | $314,000 | -3.4% | $142 / Sq Ft |
| 05/05/2026 05/05/26 | For Sale | $325,000 | -- | $147 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $237,000 | -- |
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22603143
APN: 28985
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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Ask me questions while you tour the home.