Seller's Agent in 2026
Blake Bohner
605 Real Estate LLC
(605) 251-7944
3 in this area
247 Total Sales
316 E 15th St Sioux Falls, SD 57104
All Saints Neighborhood
--
Bed
--
Bath
4,590
Sq Ft
5,001
Sq Ft Lot Lot
About This Home
As of April 2026Turnkey 9-Unit Near Downtown Sioux Falls | ~7.8% Cap | $60K/Unit Extensively renovated and fully occupied, this 9-unit apartment building offers stable, low-maintenance cash flow in one of Sioux Falls’ most convenient and steadily improving pockets. Located just one block south of Sunshine Foods and minutes from downtown, major employers, hospitals, and core amenities, this is true workforce housing in a location tenants consistently choose. The two-story property features nine 1-bed / 1-bath units that have been comprehensively updated—inside and out—covering both cosmetic improvements and key capital items. Durable finishes, clean layouts, and efficient unit sizes make the property easy to operate and consistently rentable. At roughly $60,000 per unit and performing at an approximate 7.78% cap, this asset offers a combination that is increasingly difficult to find: modernized condition, strong occupancy, and a price point that still allows for real yield. Landlord pays water, sewer, trash, and heat, with RUBS in place for utility recovery; tenants pay electric. Shared laundry provides additional income, and the property benefits from both on-site and off-street parking with front and rear access. Rents are solid today with measured upside remaining through future renewals, and the unit mix and location also lend themselves well to mid-term or furnished housing strategies for healthcare and downtown professionals. Clean, stabilized, and easy to own—this is a no-nonsense multifamily asset offering dependable income today and long-term relevance in a growing urban submarket.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,656
Year Built
- Built in 1916
Lot Details
- 5,001 Sq Ft Lot
- Lot Dimensions are 102' x 51'
Parking
- Paved Parking
Home Design
- Block Foundation
Interior Spaces
- 4,590 Sq Ft Home
- 2-Story Property
- Partial Basement
- Fire and Smoke Detector
Flooring
- Carpet
- Laminate
Schools
- Susan B Anthony Elementary School
- Patrick Henry Middle School
- Lincoln High School
Utilities
- Heating System Uses Natural Gas
Community Details
- 9 Units
- Gales Addn Subdivision
Listing and Financial Details
- The owner pays for gas, water, trash collection, grounds care, snow removal, sewer
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/29/2026 04/29/26 | Sold | $515,000 | -1.9% | $112 / Sq Ft |
| 04/07/2026 04/07/26 | Pending | -- | -- | -- |
| 02/13/2026 02/13/26 | Price Changed | $525,000 | -2.8% | $114 / Sq Ft |
| 12/16/2025 12/16/25 | Price Changed | $540,000 | -4.4% | $118 / Sq Ft |
| 10/13/2025 10/13/25 | For Sale | $565,000 | -- | $123 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
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 | $5,089 | $218,100 | $18,800 | $199,300 |
| 2023 | $3,334 | $18,800 | $18,800 | $0 |
| 2022 | $3,311 | $177,400 | $20,000 | $157,400 |
| 2021 | $3,079 | $167,600 | $0 | $0 |
| 2020 | $3,079 | $158,800 | $0 | $0 |
| 2019 | $2,913 | $146,909 | $0 | $0 |
| 2018 | $2,659 | $140,888 | $0 | $0 |
| 2017 | $2,688 | $133,976 | $20,475 | $113,501 |
| 2016 | $2,688 | $133,976 | $20,475 | $113,501 |
| 2015 | $2,810 | $132,839 | $19,338 | $113,501 |
| 2014 | -- | $132,839 | $19,338 | $113,501 |
Source: Public Records
Agents Affiliated with this Home
-
Blake Bohner
-
Ryan Olson
Seller Co-Listing Agent in 2026
Ryan Olson
605 Real Estate LLC
(605) 644-0609
2 in this area
93 Total Sales
-
Beau Carpenter
Buyer's Agent in 2026
Beau Carpenter
Hegg, REALTORS
(605) 759-3703
1 in this area
182 Total Sales
Map
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22507797
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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