Sioux Falls, SD Multifamily Homes & Duplexes for Sale

Rare triplex in one of Sioux Falls' most sought-after corridors for rental property — walking distance to both hospitals, major colleges, and downtown. One 3BD/1BA and two 2BD/1BA units, all updated in recent years with new water heater (2021), coin-op washer/dryer (2021), insulated rear entrance, and ongoing unit improvements throughout.The house hack opportunity here is straightforward:

Blake Bohner 605 Real Estate LLC

Investor opportunity or owner-occupy duplex just minutes from Downtown Sioux Falls! Located at 801/803 S 1st Ave, this property features two 1 bed, 1 bath units, each with its own unique character and modern updates. The upper unit showcases a desirable modern rustic style with hardwood floors, tall ceilings, and a stunning barnwood ceiling in the kitchen that adds warmth and charm. The

Jim Koch eXp Realty- SF-Allen Edge Team

Excellent investment opportunity! This tri-plex features three spacious townhome-style units, each offering 3 bedrooms and 1.5 bathrooms with functional, open layouts that appeal to long-term tenants. The units are generously sized and designed for comfortable living, contributing to consistently high occupancy. Situated on a large lot with additional land, this property offers future flexibility

Nicholas Blau Real Broker LLC

This immaculately maintained four-plex is located in a highly desirable area & presents an excellent investment opportunity. The property features four spacious townhome-style units, offering over 5,000 square feet of total multi-unit living space. Each unit includes two bedrooms & one-&-a-half baths & is equipped with central HVAC, walk-in closets, dura-vinyl hardwood flooring, carpet, & the

Brandyn Vetos Amy Stockberger Real Estate

Looking for a turnkey short-term rental, long-term rental, or owner occupied with fresh, modern updates? This fully updated duplex is the perfect fit. The upper level features 3 bedrooms, 1 bathroom, a spacious living room, dining room, and a well-appointed kitchen with a nice built in dinning nook. The lower level mirrors the same layout and offers its own private entrance, making it ideal for

Beau Carpenter Hegg, REALTORS

Attention all investors!! Unlock the potential of this well-maintained duplex located within close proximity to down town Sioux Falls. This property offers a rare opportunity for investors seeking steady cash flow. With two spacious units, this duplex is ideal for owner-occupants, seasoned investors, or those looking to expand their real estate portfolio. The main floor unit offers 3 bedrooms and

Alem Gabremariam Keller Williams Realty Sioux Falls

Invest in a well-maintained, fully leased 12-plex offering a seamless transition for its next owner. This meticulously cared-for property is conveniently located near I-229 access in Sioux Falls, providing excellent tenant appeal and accessibility. Numerous capital improvements over recent years have positioned this asset for strong future NOI growth. Additional income is generated through

Jackson Dorhout Alpine Residential

Discover an exceptional investment in these side-by-side 4-plexes boasting a stellar rental history and strong cash flow potential. Each building features three spacious 2-bedroom, 1-bath units and one efficient 1-bedroom, 1-bath unit, with room for rent increases. Enjoy great layouts, wall AC, boiler heat, individually metered electric, and common area coin-op laundry. Utilities including

Ryan Olson 605 Real Estate LLC

A substantial 64-unit multifamily community positioned along South West Avenue — one of Sioux Falls' most active commercial and residential growth corridors. Assets of this scale attract institutional and private equity buyers alike, unlocking professional management efficiencies, strong per-door economics, and preferred financing structures. This unit has a Strong mix of 56 x 2 Bedroom units & 8

Daniel Stillson Gateway Real Estate Advisors

Nice side by side ranch duplex in Hilltop Area. Great income producing property! Both units newly remodeled and newer windows, bathroom & kitchen. Unit one has 2 bed 1 bath with finished basement with an additional non legal bedroom and potential to add a 2nd bath. Unit two has 2 bed 1 bath with potential for finished basement.

Zack Winter Keller Williams Realty Sioux Falls

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

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

Fully leased 6-plex with a strong rental history and excellent potential for future rent growth. This well-performing investment property offers steady occupancy supported by on-site coin-operated laundry, detached garages, and ample parking. Tenants enjoy convenient amenities, while owners benefit from consistent cash flow and low vacancy. There is also an opportunity to increase income by

Jackson Dorhout Alpine Residential

Step into timeless character with this beautifully maintained triplex located in the heart of Sioux Falls. Blending historic charm with thoughtful modern updates, this property offers a fantastic opportunity for investors or owner-occupants looking for income potential. Each unit features original hardwood floors that showcase the home’s classic character, along with spacious living areas filled

Jim Koch eXp Realty- SF-Allen Edge Team

A well-scaled 54-unit multifamily investment on E 26th Street making this a compelling standalone acquisition or a powerful portfolio pairing for investors seeking to establish a concentrated presence in one of Sioux Falls' most active growth nodes. Properties in this unit-count range strike an ideal balance between cash flow, financing flexibility, and operational efficiency — well suited as a

Daniel Stillson Gateway Real Estate Advisors

Rare eight-unit multifamily asset situated just minutes from Downtown Sioux Falls. 100% comprised of one-bedroom floor plans. This compact, manageable portfolio is an ideal entry-level or add-on acquisition offering straightforward operations and consistent tenant turnover. A turnkey opportunity for the investor seeking stable income with low management overhead in a growing Midwest market.

Daniel Stillson Gateway Real Estate Advisors

101-unit multifamily community across 9 buildings featuring 57 two-bedrooms and 44 one-bedrooms. Two buildings were constructed in 2016 with the remaining 7 built in 1976, offering a natural value-add opportunity. 44 on-site garages provide a strong ancillary income stream. At 101 units, this asset supports professional third-party management, reducing operational burden while maximizing net

Daniel Stillson Gateway Real Estate Advisors

Great investment property. Tenants pay all utilities. 1 unit has 3 bedrooms and other unit as 2 bedrooms. The property also features a huge backyard with plenty of privacy. Lots of great updates including newer shingles, radon mitigation system, newer windows and slider, newer metal siding and front porches.

Ruth Wiersma Keller Williams Realty Sioux Falls

Expanding your investment portfolio or just starting, this central Sioux Falls duplex is an opportunity you want to learn more about. Each unit has a finished attic and basement laundry. Breaker box electric panels.

Brent Baker eXp Realty

Very nice, well maintained 4 plex in southeastern Sioux Falls. Large Units with Boiler Heat, Central Air and wood burning Fireplaces. 8 total garages. Fully leased. Ideal to convert to Quarterly Air BNB. Seller is a licensed real estate agent in SD.

David Kerkhove RE/MAX Professionals Inc

Positioned in a convenient central Sioux Falls location, this well-maintained 6-plex presents a strong investment opportunity with reliable in-place income and future upside potential. The property features a desirable mix of 1- and 2-bedroom units, appealing to a broad tenant base and supporting consistent occupancy. Recent improvements enhance both functionality and tenant satisfaction, while

Kim Hofer Better Homes and Gardens Real Estate Beyond

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 Edge Team

Located in Sioux Falls' established North End West neighborhood, this duplex on W 2nd Street puts residents minutes from Falls Park, Jacobson Plaza, and a thriving downtown scene. It's a smart buy whether you're an investor seeking steady rental income or an owner-occupant looking to offset your mortgage.Both units sit in a quiet, walkable setting with easy access to the city's best dining,

Daniel Stillson Gateway Real Estate Advisors

Located at 201 N French Ave, this 2,792 SF 4-Plex is ideally positioned to take advantage of the growing demand for quality housing in Sioux Falls. The property consists of two lower units (3 Bed/1 Bath) and two upper units (1 Bed/1 Bath), offering a diverse mix of rental options to attract a wide range of tenants. Three of the four units have been recently renovated, providing comfortable living

Daniel Stillson Gateway Real Estate Advisors

CASH FLOW KING! 308-310 S Walts Ave is a high-performing duplex priced at $225k with $2,024/mo in gross potential rent ($1,050 upper / $974 lower). Nearly hitting the 1% Rule, this 4-bed, 2-bath property is perfect for investors or owner-occupants. Each unit features 2 bedrooms, 1 bath, durable vinyl/tile flooring, separate meters, and individual HVAC so tenants pay all utilites. Located minutes

Aiden Schoenhard Ekholm Team Real Estate

Four-plex investment opportunity featuring four spacious 2-bedroom, 1-bath apartment-style units. Each unit offers a functional layout with generous living space and the rare large unfinished basement, providing excellent storage and future value-add potential. Two units include attached single-stall garages, while the remaining two units have detached single-stall garages, offering added tenant

Nicholas Blau Real Broker LLC

Check out this fantastic triplex just steps from downtown Sioux Falls—an excellent investment opportunity in a highly desirable location! Each of the three units offers a 1 bedroom, 1 bathroom layout with recent updates throughout, including fresh paint, new carpet, and vinyl flooring in all units. Unit #2 stands out with a remodeled kitchen and bathroom, plus updated light fixtures and hardware.

Jackson Dorhout Alpine Residential

Discover an exceptional investment in these side-by-side 4-plexes boasting a stellar rental history and strong cash flow potential. Each building features three spacious 2-bedroom, 1-bath units and one efficient 1-bedroom, 1-bath unit, with room for rent increases. Enjoy great layouts, wall AC, boiler heat, individually metered electric, and common area coin-op laundry. Utilities including

Ryan Olson 605 Real Estate LLC

202 N French Ave presents a compelling duplex investment opportunity in the heart of Sioux Falls, SD. This well-maintained property features two residential units and offers immediate cash flow through a flexible rental strategy, currently operated as a mix of mid-term and long-term rentals. Both units are fully furnished with utilities included in the rent, providing a turnkey solution for

Daniel Stillson Gateway Real Estate Advisors

Fantastic Investment Opportunity – 10-Unit Apartment Property. Discover a strong-performing multifamily investment located at 1201 & 1205 S Blaine Ave in Sioux Falls. This offering includes two separate apartment buildings totaling 10 units—ideal for buyers seeking portfolio growth, value-add potential, or flexible resale options in the future.The first building features 4 units, and the

Rob Kurtenbach Bender REALTORS

Looking for your first investment property? This triplex is a great place to start. Featuring three one-bedroom, one-bath units, this centrally located property has seen numerous updates over time. Each unit was previously rented for $700 per month. The main floor includes two units, while the third unit is located upstairs with a separate entrance at the back of the property. All three units

Katie Day Maloney Real Estate

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

Daniel Stillson Gateway Real Estate Advisors

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

Daniel Stillson Gateway Real Estate Advisors

This updated, well-kept triplex near downtown Sioux Falls blends flexibility, steady income, and real ownership upside. The layout features two spacious 2-bedroom units and a 1-bedroom lower-level apartment, each with private entrances, paved off-street parking, and shared laundry with storage. Clean interiors, modern finishes, and thoughtful upkeep make it an easy property to own and operate.

Blake Bohner 605 Real Estate LLC

(Also Includes Parcel 3601 S Willow Ave) A compelling 27-unit multifamily portfolio along South Willow Avenue, directly proximate to the Western Mall corridor. Multi-building portfolios of this size deliver built-in income redundancy. A unit mix of 1 & 2 Bedrooms complimented by 24 Garages. This property is currently near 90%+ occupied.

Daniel Stillson Gateway Real Estate Advisors

Here is an opportunity you will not want to pass up - projected 9%+ cap rate. House hack to live in newly renovated unit and let the rent help with payments. Maybe a vacation rental, or just extraordinary income production. This solid up and down duplex has been well maintained. Main unit has new stainless appliances, new floor covering and two coats of fresh paint. Front porch and garage

Dave Holmoe Savings Real Estate & Apprsl