2805 E Bragstad Dr Sioux Falls, SD 57103
Old Orchard NeighborhoodEstimated payment $8,088/month
About This Home
2805-09 E Bragstad Dr presents a rare opportunity to acquire two side-by-side tri-plexes in Sioux Falls, SD, offering scale, strong in-place income, and value-add potential. The property consists of six total units, with four units recently renovated and two units remaining unrenovated, providing a clear path for future rent growth. The two unrenovated units are occupied by long-term tenants who have been in place prior to 2020, offering stable cash flow. While not fully updated, these units received new basement flooring in 2024, reducing near-term capital needs while preserving upside through future renovations. Unit mix: Outside units: 4 Bed, 2.5 Bath Middle units: 3 Bed, 2.5 Bath The property also features six garage stalls located behind the buildings, enhancing tenant appeal.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,500
Year Built
- Built in 1993
Parking
- 6 Car Detached Garage
Home Design
- 13,404 Sq Ft Home
Additional Features
- 8,640 Sq Ft Lot
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 038257
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,025
- Fuel Expense $345
- Gross Income $125,400
- Net Operating Income $79,612
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 |
|---|---|---|---|---|
| 2025 | $8,842 | $540,800 | $36,900 | $503,900 |
| 2024 | $8,842 | $427,500 | $40,200 | $387,300 |
| 2023 | $7,158 | $408,800 | $40,200 | $368,600 |
| 2022 | $7,552 | $408,800 | $40,200 | $368,600 |
| 2021 | $6,839 | $339,700 | $0 | $0 |
| 2020 | $6,839 | $356,300 | $0 | $0 |
| 2019 | $6,564 | $334,589 | $0 | $0 |
| 2018 | $5,823 | $320,908 | $0 | $0 |
| 2017 | $5,731 | $296,545 | $31,428 | $265,117 |
| 2016 | $5,731 | $288,357 | $31,428 | $256,929 |
| 2015 | $5,843 | $278,424 | $29,682 | $248,742 |
| 2014 | $5,757 | $278,424 | $29,682 | $248,742 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/18/2026 05/18/26 | Pending | -- | -- | -- |
| 05/04/2026 05/04/26 | Price Changed | $1,290,000 | -0.8% | $96 / Sq Ft |
| 01/23/2026 01/23/26 | For Sale | $1,300,000 | -- | $97 / Sq Ft |
Source: Northwest Iowa Regional Board of REALTORS®
MLS Number: 831622
APN: 38257
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