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Sioux Falls, SD Multifamily Homes & Duplexes for Sale

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  • /29

    $360,000

    • 5 Beds
    • 5 Baths
    • 2,200 Sq Ft

    1118 W 8th St, Sioux Falls, SD 57104

    This updated 5-unit property offers excellent investment potential with a proven rental track record. Recent improvements include a newer roof and freshly painted exterior for long-term durability and curb appeal. Most units feature remodeled interiors with updated paint, flooring, and lighting. The basement unit was fully renovated with a modern kitchen, tile shower, and contemporary finishes

    Agent Photo

    Chris Chase

    Results Real Estate

    (605) 599-1983

    1118 W 8th St, Sioux Falls, SD 57104
  • /20

    $699,000

    • Studio
    • 4,594 Sq Ft

    3700 W 93rd St, Sioux Falls, SD 57108

    Excellent Investment Opportunity in South Sioux Falls! Located in the highly sought-after Harrisburg School District, this well-maintained multi-family property offers strong rental potential. Each unit features 2 spacious bedrooms, 1 full bath, in-unit laundry, and an attached garage—making it a desirable choice for tenants. There are 6 garage spaces total: the two lower units each have a

    Agent Photo

    Monica Pluim

    Coldwell Banker Empire Realty

    (605) 657-4828

    3700 W 93rd St, Sioux Falls, SD 57108
  • /12

    $1,299,000

    • 12 Beds
    • 9,878 Sq Ft

    5000 E 54th St, Sioux Falls, SD 57110

    Luxury Living Meets Investment Opportunity in Southeast Sioux Falls! Located in a brand-new upscale community, this four-unit property offers a rare blend of modern design, privacy, and prime location—just minutes from shopping, dining, and parks. Each spacious unit features 2,470 sq ft of high-end living space with 3 bedrooms, 3.5 bathrooms, and a main-level den perfect for a home office or flex

    Agent Photo

    Monica Pluim

    Coldwell Banker Empire Realty

    (605) 405-8940

    5000 E 54th St, Sioux Falls, SD 57110
  • /16

    $730,000

    • 8 Beds
    • 6 Baths
    • 4,110 Sq Ft

    1213 N Archer Ave, Sioux Falls, SD 57103

    l hwAttention Investors! 1213 & 1215 N Archer Ave. Two separate twin home units on one parcel. Very hard to find 4 bedroom, 3 bath ranch walkout twin homes with 2055 finished sq feet per unit. Built in 2019 by G & D Harr Construction. Master bedrooms features fan, 3/4 bath and large walk in closet. Main floor laundry, birch cabinetry in kitchens, slider to decks and vaulted ceilings in

    Agent Photo

    Todd Nelson

    Harr & Lemme Real Estate

    (605) 702-4450

    1213 N Archer Ave, Sioux Falls, SD 57103
  • /18

    $730,000

    • 8 Beds
    • 6 Baths
    • 4,110 Sq Ft

    1209 N Archer Ave, Sioux Falls, SD 57103

    Attention Investors! 1209 and 1211 N Archer Ave. Property consists of two totally separated twin homes on one parcel. Very hard to find 4 bedroom, 3 bath ranch walkout twinhomes with 2055 finished sq feet per unit. Built in 2019 by G & D Harr Construction. Master bedrooms features fan, 3/4 bath and large walk in closet. Main floor laundry, birch cabinetry in kitchens, vaulted ceilings in

    Agent Photo

    Todd Nelson

    Harr & Lemme Real Estate

    (605) 857-4995

    1209 N Archer Ave, Sioux Falls, SD 57103
  • /24

    $1,120,000

    • Studio
    • 5,860 Sq Ft

    6801 W Gresford Place, Sioux Falls, SD 57106

    Discover an incredible income-generating opportunity with this well-maintained 4-unit multifamily property! This turnkey investment is perfect for both seasoned investors and those looking to build wealth through real estate. Each townhome has 3 spacious bedrooms on the same level, 2 and a half bathrooms, a 2 car attached garage, and in-unit washers and dryers. You'll have immediate cash flow, as

    Agent Photo

    Maggie Miller

    Hegg, REALTORS

    (605) 605-1273

    6801 W Gresford Place, Sioux Falls, SD 57106
  • /8

    $300,000

    • 2,358 Sq Ft

    215 E 14th St, Sioux Falls, SD 57104

    Investor Opportunity – Updated Duplex Downtown Sioux Falls. Prime investment property in downtown Sioux Falls. This duplex offers a 4-bedroom, 1-bath main unit plus a studio unit, both upgraded for strong rental appeal and low maintenance. Recent improvements include newer exterior paint, newer roof, full interior repaint, refinished hardwood floors, newer appliances on both levels, updated tiled

    Dana Fisher Grand Sothebys International Realty

    215 E 14th St, Sioux Falls, SD 57104
  • /6

    $350,000

    • 2,112 Sq Ft

    609 S 2nd Ave, Sioux Falls, SD 57104

    Updated Duplex Near Downtown – Ideal Turnkey Investment. This duplex offers a rare opportunity for investors seeking a great investment in a prime location. Both units feature 2 bedrooms and 1 bathroom, and the property has a proven track record of excellent occupancy rates, making it a reliable addition to your portfolio. Tenants also enjoy the convenience of two off street parking spaces per

    Dana Fisher Grand Sothebys International Realty

    609 S 2nd Ave, Sioux Falls, SD 57104
  • /23

    $189,900

    • 1,920 Sq Ft

    900 N Kiwanis Ave, Sioux Falls, SD 57104

    Attention investors. This duplex has a very nice floor plan and a huge triple garage. There is an upper level unit and a lower level unit that each have their own entrance and have the same floor plan. Each one has two bedrooms, a large full bath and a living room, dining room and living room that flow together nicely. Each unit has its' own laundry hookups and lots of storage. The exterior needs

    John Schutte Keller Williams Realty Sioux Falls

    900 N Kiwanis Ave, Sioux Falls, SD 57104
  • /5

    $425,000

    • 2,937 Sq Ft

    2808 S Main Ave, Sioux Falls, SD 57105

    Attention home-buyers and investors! This is ONE of THREE fabulous Duplexes for sale all within steps of each other. All THREE are in the same location. SPACIOUS rooms with three bedrooms and two baths. Approximately 1463 square feet on each side of this Duplex!!! Live on one side and rent the other side? Each side of the duplex has an attached single garage.TAKE THEM UP A NOTCH TO CREATE

    Kathy O. Allen RE/MAX Professionals Inc

    2808 S Main Ave, Sioux Falls, SD 57105
  • /3

    $425,000

    • 2,973 Sq Ft

    2805 S Main Ave, Sioux Falls, SD 57105

    Attention home-buyers and investors! This is ONE of THREE fabulous Duplexes for sale all within steps of each other. All THREE are in the same location. SPACIOUS rooms with three bedrooms and two baths. Just under 1500 square feet on each side of this Duplex!!! Live on one side and rent the other side? Each side of the duplex has an attached single garage.EACH UNIT COULD BE TAKEN UP A NOTCH

    Kathy O. Allen RE/MAX Professionals Inc

    2805 S Main Ave, Sioux Falls, SD 57105
  • /5

    $425,000

    • 2,990 Sq Ft

    2806 S Main Ave, Sioux Falls, SD 57105

    Attention home-buyers and investors! This is ONE of THREE fabulous Duplexes for sale all within steps of each other. All THREE are in the same location. SPACIOUS rooms with three bedrooms and two baths. Just under 1500 square feet on each side of this Duplex!!! Live on one side and rent the other side? Each side of the duplex has a single attached garage.TAKE THEM UP A NOTCH TO CREATE HIGH

    Kathy O. Allen RE/MAX Professionals Inc

    2806 S Main Ave, Sioux Falls, SD 57105
  • /15

    $164,900

    • 1,187 Sq Ft

    521 S Menlo Ave, Sioux Falls, SD 57104

    Income-producing triplex opportunity in central Sioux Falls! This property features three 1-bed, 1-bath units, offering a great investment for owner-occupants or investors alike. Two units are currently occupied—ability for setting new rents or living in one while leasing the others. Each unit offers easy-maintenance laminate flooring throughout, creating a clean and modern feel. Convenient

    Jim Koch eXp Realty - SF Allen Team

    521 S Menlo Ave, Sioux Falls, SD 57104
  • /17

    $349,900

    • 4 Beds
    • 4 Baths
    • 1,873 Sq Ft

    1300 E 6th St, Sioux Falls, SD 57103

    Full of charm and investment appeal, this well-maintained 4-plex is a rare opportunity in today’s market. The property features two upper-level apartments, each with one bedroom and one bath; a spacious main-floor unit offering two bedrooms and one bath, and an efficiency apartment in the lower level. A coin-operated laundry provides additional income, while tenants are responsible for their own

    Tonya Madsen 605 Real Estate LLC

    1300 E 6th St, Sioux Falls, SD 57103
  • /39

    $364,900

    • Studio
    • 1,966 Sq Ft

    227 N Spring Ave, Sioux Falls, SD 57104

    Historic Charm Meets Modern Living – Step into timeless elegance with this beautifully maintained triplex nestled in the heart of Sioux Falls. This classic property seamlessly blends historic character with modern updates, offering a unique investment or multi-family living opportunity in one of the city's most vibrant neighborhoods. Featuring a distinctive architectural style, each unit

    Jim Koch eXp Realty - SF Allen Team

    227 N Spring Ave, Sioux Falls, SD 57104
  • /2

    $1,200,000

    • 9 Beds
    • 11 Baths
    • 7,250 Sq Ft

    304 - 308 S Conklin Ave, Sioux Falls, SD 57103

    Conklin Apartments, located at 304–308 S. Conklin Ave in Sioux Falls, offers an excellent opportunity to acquire a 12-unit multifamily property in a strong rental market. Built in 1975, this Class B garden-style complex features a mix of one studio unit at 450 sq. ft., five one-bedroom units at 550 sq. ft., and six two-bedroom units at 675 sq. ft., for a total of 7,250 net rentable square feet

    Blake Bohner 605 Real Estate LLC

    304 - 308 S Conklin Ave, Sioux Falls, SD 57103
  • /66

    $325,000

    • 5 Beds
    • 4 Baths
    • 2,806 Sq Ft

    902 W 8th St Unit 3, Sioux Falls, SD 57104

    Investment Opportunity! Discover this triplex offering three spacious and separate units, each with its own private entrance. Perfect for investors or owner-occupants looking to generate rental income, this property features a solid rental history and excellent cash-flow potential. Units include a mix of 1- and 2-bedroom layouts, providing flexibility for a variety of tenants. Conveniently

    Stephanie Rodriguez Real Broker LLC

    902 W 8th St Unit 3, Sioux Falls, SD 57104
  • /18

    $1,125,000

    • Studio
    • 529 Sq Ft

    809 S Sherman Ave, Sioux Falls, SD 57104

    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

    Clay Wilhelm The Experience Real Estate

    809 S Sherman Ave, Sioux Falls, SD 57104
  • /34

    $349,000

    • 4 Beds
    • 2 Baths
    • 2,399 Sq Ft

    3605 E 18th St, Sioux Falls, SD 57103

    Be sure to check out this East side duplex! Featuring two bedrooms and one bath in each unit, each with it's own single car garage! You'll love the large bedrooms and closet space, bright living rooms, and kitchens with plenty of room to cook, store, entertain and enjoy! Spacious layouts and private entrances along with each unit having their own fenced back yard space to enjoy. Each unit is

    Matt Leedom Cascade Real Estate

    3605 E 18th St, Sioux Falls, SD 57103
  • /8

    $2,500,000

    • Studio
    • 27,465 Sq Ft

    320 N Western Ave, Sioux Falls, SD 57104

    Sandy Creek Apartments is a 24-unit multifamily community located in Central Sioux Falls, South Dakota. Built in 1997, the property consists of a single three-story building situated on a well-positioned 1.23-acre lot. The asset offers approximately 27,465 square feet of rentable space across a mix of one-, two-, and three-bedroom layouts—designed to support steady rental demand and long-term

    Brad Stearns 605 Real Estate LLC

    320 N Western Ave, Sioux Falls, SD 57104

Why Live in Sioux Falls

Falls Park stands as the centerpiece of Sioux Falls, featuring dramatic pink quartzite waterfalls and historic architecture along the Big Sioux River. The downtown SculptureWalk displays rotating public art installations, including the striking Arc of Dreams spanning the river. Cultural attractions include the Washington Pavilion's performing arts center and science museum, plus the Great Plains Zoo which houses diverse wildlife exhibits. The city features 80 parks and 30 miles of recreational trails, with destinations like Great Bear Recreation Park for winter sports and Family Park's 90 acres of ponds and walking paths.

The Sioux Falls housing market presents diverse options across established neighborhoods. The median single family home price in McKennan Park reaches $399,500, while Downtown Sioux Falls commands a median of $295,000. All Saints neighborhood shows a median of $278,500, and Cathedral area homes typically sell for a median of $299,600. Condominiums provide more affordable options, with one bedroom units at a median of $145,000 and two bedrooms at $202,500. Townhomes across the city show a median price of $296,100.

The cost of living sits 9% below the national average. A family with school age children requires approximately $96,000 annually to live comfortably, while renters need about $46,000. Property taxes in Minnehaha County run 1.16%, comparing favorably to Mitchell's 1.24% rate. South Dakota charges no state income tax, though residents pay a combined 6.11% sales tax. Monthly grocery costs average $1,500 for families and $700 for single residents. The public school system includes highly rated institutions like Fred Assam Elementary School and Brandon Valley Middle School. Augustana College and the University of Sioux Falls provide higher education options within the city.

Home Trends in Sioux Falls, SD

Housing Trends

Median Sale Price
$339,900
Median Single Family Sale Price
$364,900
Median Townhouse Sale Price
$306,050
Median 2 Bedroom Sale Price
$210,000
Median 1 Bedroom Sale Price
$199,900
Average Price Per Sq Ft
$213
Number of Homes for Sale
971
Last 12 months Home Sales
1,505
Months of Supply
7.70
Median List Price
$350,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
10%
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