2805 E Bragstad Dr Sioux Falls, SD 57103
Old Orchard NeighborhoodEstimated payment $8,163/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
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 | $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
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 |
|---|---|---|---|---|
| 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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