$1,700,000

Estimated payment $10,416/month

Total Views 6,049
-- Bed
-- Bath
17,616 Sq Ft
$97 Price per Sq Ft

Highlights

  • Gated with Attendant
  • 0.4 Acre Lot
  • Carpet

About This Home

Seventeen-unit multifamily investment positioned in an established South Sioux Falls neighborhood with immediate access to the city's dense retail and employment base. Mid-size assets of this type offer an optimal blend of cash flow stability and operational manageability — ideal for the investor seeking meaningful scale without the complexity of a large community. A strong income-producing asset in a city that continues to rank among the Midwest's fastest-growing markets.

Listing Agent

Daniel Stillson

Gateway Real Estate Advisors Listed on: 04/10/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,587

Year Built

  • Built in 1969

Interior Spaces

  • 17,616 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Vinyl

Schools

  • Lowell Elementary School
  • Edison Middle School
  • Roosevelt High School

Additional Features

  • 17,325 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

Overview

  • 17 Units
  • Folsom 2Nd Addn Subdivision

Security

  • Gated with Attendant

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,587

Year Built

Built in 1969

Lot Details

0.4 Acres

Listing Details

  • Year Built: 1969
  • Stories: 3
  • Elementary School: Lowell ES
  • High School: Roosevelt HS
  • Property Type: MULTI-FAMILY
  • LotSizeAcres: 0.3977
  • Lot Size: 17325
  • Security Features: Gated with Guard
  • Co List Office Mls Id: 330001273
  • Subdivision Name: Folsom 2nd Addn
  • Directions: Maps
  • Living Area: 17616.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Entry Location: Community
  • Flooring: Carpet, Vinyl

Exterior Features

  • Roof: Tar/Gravel
  • Construction Type: Brick Veneer

Garage/Parking

  • Parking Features: Detached

Utilities

  • Cooling: Electric
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Junior High Dist: SiouxFalls
  • Middle Or Junior School: Edison MS

Lot Info

  • Lot Size Sq Ft: 17325.0

Multi Family

  • Number Of Units Total: 17

Tax Info

  • Tax Annual Amount: 14587.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $20,331 $1,249,700 $57,500 $1,192,200
2024 $20,331 $874,700 $57,500 $817,200
2023 $14,587 $105,100 $57,500 $47,600
2022 $14,245 $772,400 $47,600 $724,800
2021 $15,386 $848,200 $0 $0
2020 $15,386 $806,200 $0 $0
2019 $14,293 $732,397 $0 $0
2018 $12,875 $697,137 $0 $0
2017 $13,026 $659,744 $45,740 $614,004
2016 $13,026 $659,744 $45,740 $614,004
2015 $13,693 $657,053 $43,049 $614,004
2014 -- $657,053 $43,049 $614,004
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2026 04/10/26 For Sale $1,700,000 0.0% $97 / Sq Ft
10/04/2025 10/04/25 Off Market $825 -- --
04/04/2025 04/04/25 Price Changed $825 +10.0% $1 / Sq Ft
04/01/2025 04/01/25 Price Changed $750 -9.1% $1 / Sq Ft
03/12/2025 03/12/25 Price Changed $825 +32.0% $1 / Sq Ft
03/11/2025 03/11/25 For Rent $625 -- --
Source: REALTOR® Association of the Sioux Empire

Source: REALTOR® Association of the Sioux Empire

MLS Number: 22602494

REALTOR® Association of the Sioux Empire
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