218 N Summit Ave Sioux Falls, SD 57104
Cathedral NeighborhoodEstimated payment $2,619/month
Total Views
2,623
--
Bed
--
Bath
3,312
Sq Ft
$128
Price per Sq Ft
Highlights
- Baseboard Heating
- Patrick Henry Middle School Rated A-
- Carpet
About This Home
Located in the heart of the historic Pettigrew Heights neighborhood, this well-built fourplex offers an exceptional investment opportunity just blocks from downtown Sioux Falls. Featuring four spacious apartments with a strong rental history, this property combines classic character with reliable income potential. Tenants enjoy the convenience of onsite coin-operated laundry, providing both a desirable amenity and additional revenue stream for ownership. The building is non-smoking and equipped with a coded entry system for added security and convenience. Ample off-street parking is available from the rear alley, adding to tenant appeal and functionality. With its prime location near dining, shopping, entertainment, and downtown amenities, this is a rare opportunity to own a solid multi-family asset in one of the city’s most sought-after neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,226
Year Built
- Built in 1975
Lot Details
- 6,600 Sq Ft Lot
- Lot Dimensions are 44x150
Parking
- Paved Parking
Home Design
- Composition Roof
Interior Spaces
- 3,312 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Vinyl
Schools
- Hawthorne Elementary School
- Patrick Henry Middle School
- Lincoln High School
Utilities
- Baseboard Heating
Community Details
- 4 Units
- Bennett's 1St Addn Subdivision
Map
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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 |
|---|---|---|---|---|
| 2025 | $4,226 | $255,800 | $24,200 | $231,600 |
| 2024 | $4,226 | $216,000 | $24,200 | $191,800 |
| 2023 | $3,655 | $30,300 | $24,200 | $6,100 |
| 2022 | $3,435 | $183,500 | $14,000 | $169,500 |
| 2021 | $3,325 | $171,300 | $0 | $0 |
| 2020 | $3,325 | $171,300 | $0 | $0 |
| 2019 | $3,055 | $153,746 | $0 | $0 |
| 2018 | $2,750 | $145,934 | $0 | $0 |
| 2017 | $2,779 | $138,279 | $12,584 | $125,695 |
| 2016 | $2,779 | $138,279 | $12,584 | $125,695 |
| 2015 | $2,929 | $138,279 | $12,584 | $125,695 |
| 2014 | -- | $138,279 | $12,584 | $125,695 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/08/2026 05/08/26 | For Sale | $425,000 | -- | $128 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
About the Listing Agent
Dana's Other Listings
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22603294
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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