$1,125,000

809 S Sherman Ave Sioux Falls, SD 57104

Estimated payment $6,826/month

Total Views 727
-- Bed
-- Bath
529 Sq Ft
$2,127 Price per Sq Ft

Highlights

  • Popular Property
  • Hot Water Heating System
  • 1-Story Property
  • Patrick Henry Middle School Rated A-
  • Carpet

About This Home

Attention investors! 14-plex all on one level complete with common area lobby and off-street parking! All units are 1 bed / 1 bath. No stairs in this mostly brick building. Enjoy the ease and efficiency of owning 14 ground-level apartments in one structure! Property is currently enrolled in HUD Section 8 Senior (62+) income assistance program and will be 100% occupied as of Sept 1st. HUD has increased rents annually to the current level of $793 per month. Landlord currently pays all utilities. Coin operated laundry. New roof in 2017. Current owner has been updating flooring in units as tenancy allows. No for sale sign on property. Buyer agrees to comply with a possible 1031 exchange. Seller prefers to close after Jan 1st, 2026.

Listing Agent

Clay Wilhelm

The Experience Real Estate Listed on: 08/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,266

Year Built

  • Built in 1977

Lot Details

  • 0.67 Acre Lot

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof
  • Metal Siding

Interior Spaces

  • 529 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Oven or Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Laundry

  • Dryer
  • Washer

Schools

  • Susan B Anthony Elementary School
  • Patrick Henry Middle School
  • Lincoln High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Community Details

  • 14 Units
  • Van Eps Addn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 51061

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,266

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Estimated Finished Sq Ft: 529
  • Inside City Limits: Yes
  • Legal Description: 1 to Lot 5 Block 5 Van Eps Addition to City of Sioux Falls
  • Year Built: 1977
  • Suffix: Avenue
  • Directions To Property: N on Cliff to Avera's Main Campus, E on 16 St, N on Sherman Ave to Property
  • Elementary School: Susan B Anthony ES
  • Geo Longitude: -96.710442
  • High School: Lincoln HS
  • Middle School: Patrick Henry MS
  • School District: Sioux Falls
  • Subdivision: Van Eps Addn
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Floors: Carpet, Vinyl, Laminate
  • Appliances: Refrigerator, Oven/Range, Washer, Dryer
  • Price Per Sq Ft: 2126.65
  • Number Of Stories: 1

Exterior Features

  • Exterior: Part Brick, Metal/Vinyl
  • Foundation: Slab-on-Grade
  • Roof: Shingle Composition

Garage/Parking

  • Parking: Paved Area

Utilities

  • Air Conditioner: Window Unit
  • Heating: Hot Water, Natural Gas
  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Unit Features: Window Covering

Schools

  • School District: Sioux Falls
  • Elementary School: Susan B Anthony ES
  • Middle School: Patrick Henry MS
  • High School: Lincoln HS

Lot Info

  • Acres: 0.6667
  • Geo Subdivision: SD
  • Lot Dimensions: 29040
  • Lot Size Sq Ft: 29040

Tax Info

  • Assessor Parcel Number: 51061
  • Taxes: 10265.58

Multi Family

  • Bathrooms Per Unit: 1
  • Bedrooms Per Unit: 1
  • Total Units: 14

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $1,125,000 -- $2,127 / Sq Ft
Source: REALTOR® Association of the Sioux Empire

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Source: REALTOR® Association of the Sioux Empire

MLS Number: 22506187

REALTOR® Association of the Sioux Empire

South Dakota Minnehaha County Sioux Falls 57104

809 S Sherman Ave, Sioux Falls, SD

This home is located at 809 S Sherman Ave, Sioux Falls, SD 57104 and is currently priced at $1,125,000, approximately $2,126 per square foot. This property was built in 1977. 809 S Sherman Ave is a home located in Minnehaha County with nearby schools including Susan B. Anthony Elementary School - 66, Bridges at Horace Mann Elementary School, and Patrick Henry Middle School.

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.

REALTOR® Association of the Sioux Empire 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 2025 REALTOR® Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.

Nearby Homes
Clay Wilhelm
Listing Agent
Clay Wilhelm
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The Experience Real Estate
(605) 525-3136