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Sioux Falls, SD Multifamily Homes & Duplexes for Sale

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  • /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
  • /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
  • /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

    $320,000

    • 5 Beds
    • 3 Baths
    • 2,466 Sq Ft

    310 N van Eps Ave, Sioux Falls, SD 57103

    Lovely Triplex near Central Sioux Falls. Great Investment Opportunity! Washer and Dryer in lower level with storage area. Separate entrances and off street paved parking. Two bedroom unit on the main level and another 2 bedroom outside up the stairs to the upper unit. There is a basement 1 bedroom unit. Come live in one unit and rent out the rest, or just keep it fully rented out! Tenants pay

    Andrew Adam Adam Realty LLC

    310 N van Eps Ave, Sioux Falls, SD 57103
  • /5

    $278,000

    • Studio
    • 1,864 Sq Ft

    514 S Summit Ave, Sioux Falls, SD 57104

    Great investment opportunity. Great ROI opportunity. Gross rents per month $3,400. This Tri-Plex has 3 bedrooms and 1 bathroom on the main level. All new carpet on the main level. The other 2 units are 2 bedroom and 1 bath. All units are occupied. Great rental history. Listing agent is a licensed real estate agent in the state of South Dakota.

    Terry Keller Market First Real Estate

    514 S Summit 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
  • /4

    $400,000

    • 7 Beds
    • 4 Baths
    • 3,744 Sq Ft

    5208 W 47th St, Sioux Falls, SD 57106

    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

    5208 W 47th St, Sioux Falls, SD 57106
  • /7

    $400,000

    • Studio
    • 3,432 Sq Ft

    218 N Summit Ave, Sioux Falls, SD 57104

    This well built 4-Plex in Pettigrew Heights is conveniently located within walking distance to Downtown Sioux Falls. These four nice sized apartments have a strong tenant history and professional management in place. Convenient on site laundry offers a great tenant amenity as well as additional income. The building is non smoking and has a coded entry system. There is ample off street parking

    Dana Fisher Grand Sothebys International Realty

    218 N Summit Ave, Sioux Falls, SD 57104
  • /59

    $399,900

    • Studio
    • 2,178 Sq Ft

    3801 S Hawthorne Ave, Sioux Falls, SD 57105

    Very nice duplex in south central Sioux Falls. Each side has three bedrooms and two baths. The large detached garage provides sheltered off street parking. Nice floor plan with main floor living and three bedrooms on the upper level. Lots of possibilities here...live in one side and rent out the other or rent out both sides. Check this one out today!

    Zack Winter Keller Williams Realty Sioux Falls

    3801 S Hawthorne Ave, Sioux Falls, SD 57105
  • /29

    $212,000

    • Studio
    • 1,393 Sq Ft

    710 S Walts Ave, Sioux Falls, SD 57104

    Live in One, Rent the Other – Opportunity Awaits! Whether you're a savvy investor or a future homeowner looking to offset your mortgage, this versatile duplex near Sanford and USF checks all the boxes! Perfectly set up with separate utilities for each level, this property offers two fully functional living spaces under one roof. The main level features a spacious living and dining area, 2

    Nick Thompson Keller Williams Realty Sioux Falls

    710 S Walts Ave, Sioux Falls, SD 57104
  • /16

    $785,398

    • 8 Beds
    • 6 Baths
    • 5,144 Sq Ft

    3403 -3409 W 93rd St, Sioux Falls, SD 57108

    "Bulk Sale" the total number of units in this package is 16. (4) fourplexes to be sold for $3,141,592.00 (No, that’s not a typo. Yes, that’s pi (p) because this deal is just that sweet, and perfectly irrational, just like falling in love with real estate.) This is your chance to own four townhome-style fourplexes, 16 total units, all nestled on W 93rd St in Sioux Falls. With over $25,000 in

    Judd Lindquist Hegg, REALTORS

    3403 -3409 W 93rd St, Sioux Falls, SD 57108
  • /15

    $785,398

    • 8 Beds
    • 6 Baths
    • 4,460 Sq Ft

    3503 W 93rd St, Sioux Falls, SD 57108

    "Bulk Sale" the total number of units in this package is 16. (4) fourplexes to be sold for $3,141,592.00 (No, that’s not a typo. Yes, that’s pi (p) because this deal is just that sweet, and perfectly irrational, just like falling in love with real estate.) This is your chance to own four townhome-style fourplexes, 16 total units, all nestled on W 93rd St in Sioux Falls. With over $25,000 in

    Judd Lindquist Hegg, REALTORS

    3503 W 93rd St, Sioux Falls, SD 57108
  • /13

    $785,398

    • 8 Beds
    • 8 Baths
    • 5,070 Sq Ft

    3604 W 93rd St, Sioux Falls, SD 57108

    "Bulk Sale" the total number of units in this package is 16. (4) fourplexes to be sold for $3,141,592.00 (No, that’s not a typo. Yes, that’s pi (p) because this deal is just that sweet, and perfectly irrational, just like falling in love with real estate.) This is your chance to own four townhome-style fourplexes, 16 total units, all nestled on W 93rd St in Sioux Falls. With over $25,000 in

    Judd Lindquist Hegg, REALTORS

    3604 W 93rd St, Sioux Falls, SD 57108
  • /16

    $785,398

    • 10 Beds
    • 8 Baths
    • 5,070 Sq Ft

    3600 W 93rd St, Sioux Falls, SD 57108

    "Bulk Sale" the total number of units in this package is 16. (4) fourplexes to be sold for $3,141,592.00 (No, that’s not a typo. Yes, that’s pi (p) because this deal is just that sweet, and perfectly irrational, just like falling in love with real estate.) This is your chance to own four townhome-style fourplexes, 16 total units, all nestled on W 93rd St in Sioux Falls. With over $25,000 in

    Judd Lindquist Hegg, REALTORS

    3600 W 93rd St, Sioux Falls, SD 57108
  • /39

    $374,900

    • 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 - Sioux Falls

    227 N Spring Ave, Sioux Falls, SD 57104
  • /28

    $349,900

    • 5 Beds
    • 3 Baths
    • 2,559 Sq Ft

    817 W 15th St, Sioux Falls, SD 57104

    Don't miss this rare chance to own a fully occupied triplex in a highly sought-after central location! This well-maintained property offers strong, consistent cash flow and long-term investment stability. Each unit is tenant-occupied, generating immediate income from day one. Whether you're a seasoned investor or just starting to build your portfolio, this property is a smart addition with

    Mallory Kuiper Hegg, REALTORS

    817 W 15th St, Sioux Falls, SD 57104
  • /23

    $275,000

    • 4 Beds
    • 2 Baths
    • 1,750 Sq Ft

    704 W Bailey St, Sioux Falls, SD 57104

    Investors take note! Here is a chance to own a property that has been remodeled but still has room to grow equity. House hack one side and rent out the other, or rent them both out. Each side is 2 bed 1 bath and been completely remodeled with new kitchens, bathrooms, flooring, paint, and light fixtures. Basement is unfinished and has room to add equity. An egress window is already put in

    James Kats Keller Williams Realty Sioux Falls

    704 W Bailey St, Sioux Falls, SD 57104
  • /42

    $340,000

    • Studio
    • 2,082 Sq Ft

    616 618 N Garfield Ave, Sioux Falls, SD 57104

    Don't miss this well-maintained duplex featuring two spacious 3-bedroom, 1-bath units—each with its own laundry & attached garage. Both units have been thoughtfully updated & are separately metered, allowing tenants to cover their own electricity & heat. The upper unit features sliding doors that open to a newer 12x12 deck (2022), all new vinyl flooring throughout (2025), new interior paint

    Brandyn Vetos Amy Stockberger Real Estate

    616 618 N Garfield 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
  • /19

    $299,900

    • 4 Beds
    • 2 Baths
    • 1,768 Sq Ft

    1309 S Gary Dr, Sioux Falls, SD 57103

    Great Duplex Investment Opportunity – 2 Bed / 1 Bath Per Unit! Don't miss this versatile upper and lower duplex, perfect for owner-occupants or investors! Each unit offers 2 bedrooms and 1 full bath, with comfortable living spaces. Recent updates include newer furnaces and central A/C in recent years, ensuring year-round comfort and efficiency. A detached 1-stall garage with a brand-new roof

    Mike Fedt Keller Williams Realty Sioux Falls

    1309 S Gary Dr, Sioux Falls, SD 57103
  • /19

    $360,000

    • Studio
    • 3,632 Sq Ft

    207 W 14th St, Sioux Falls, SD 57104

    Unlock a rare investment opportunity with an impressive 8% cap rate in the heart of downtown Sioux Falls! This prime triplex offers exceptional income potential, situated just steps from top attractions, dining, and entertainment—ensuring steady tenant demand and consistent cash flow. Whether you're looking to build equity or maximize rental income, this property is a smart choice for savvy

    Amanda Nielsen Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls

    207 W 14th St, Sioux Falls, SD 57104
  • /23

    $245,000

    • 4 Beds
    • 2 Baths
    • 1,142 Sq Ft

    116 N van Eps Ave, Sioux Falls, SD 57103

    This multifamily duplex offers a fantastic investment opportunity or the perfect setup for owner-occupied living. Each unit features 2 spacious bedrooms and 1 full bathroom, with private entrances that provide added privacy and convenience. The property includes paved parking for residents and guests, and a large shared backyard ideal for outdoor gatherings, gardening, or relaxing. Whether you're

    Matthew Fisher Keller Williams Realty Sioux Falls

    116 N van Eps Ave, Sioux Falls, SD 57103
  • /27

    $529,900

    • 3 Beds
    • 4 Baths
    • 2,256 Sq Ft

    1035 N Spring Ave, Sioux Falls, SD 57104

    Unique turnkey opportunity near Downtown Sioux Falls has everything you need to start your investment dreams. This 4 unit home comes fully furnished, highly maintained and has a great history of short and mid term rental. Currently an AirBNB and Furnished Finder Super Host, The Garden House (unit 1 - sleeps 6), Meeting Place (unit 2 - sleeps 4), Victorian (unit 3, studio - sleeps 2), and Loft

    Tony Ratchford Keller Williams Realty Sioux Falls

    1035 N Spring Ave, Sioux Falls, SD 57104
  • /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
  • /23

    $725,000

    • 7 Beds
    • 11 Baths
    • 5,194 Sq Ft

    405 & 409 S Walts Ave, Sioux Falls, SD 57104

    10 units total; 405- 5 plex , 407- duplex, and 409- TriPlex. Listing includes Two 2 bedroom units, Four 1 bedroom units and 4 studios. Many updates have been made in the units, common areas, and exterior. Great rental history with minimal vacancies and long term tenants. Coin operated laundry on site. Triplex and duplex have separate electric meters. Listing agent has ownership interest in

    Marty Gullickson Harr & Lemme Real Estate

    405 & 409 S Walts Ave, Sioux Falls, SD 57104
  • /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

    Maggie Miller Hegg, REALTORS

    6801 W Gresford Place, Sioux Falls, SD 57106
  • /39

    $475,000

    • 7 Beds
    • 4 Baths
    • 3,422 Sq Ft

    615 W Bennett St, Sioux Falls, SD 57104

    Attention Investors!!! 3 Two Bedroom One Bath apartments and 1 large One Bedroom One Bath apartment. There are 4 garages that go with the building. Newer parking pad, washer/dryer, and brand new roof and gutters! Three of the units were completely remodeled in 2022. Schedule your showing of this multifamily property on the north end of town and see the potential returns you could get! Occupied

    Andrew Adam Adam Realty LLC

    615 W Bennett St, Sioux Falls, SD 57104
  • /29

    $345,000

    • Studio
    • 2,818 Sq Ft

    925 W 12th St, Sioux Falls, SD 57104

    Don't miss this investment opportunity! This two story five plex is conveniently located near colleges, hospitals, and downtown Sioux Falls. Additional income could be generated by installing coin operated laundry. Tenants pay electricity. Owner currently pays gas, trash, lawn care, snow removal, water & sewer cost. RUBS program could be installed to bill back tenants for trash, water and sewer,

    Jackson Dorhout Alpine Commerical

    925 W 12th St, Sioux Falls, SD 57104
  • /67

    $2,400,000

    • 32 Beds
    • 19,200 Sq Ft

    3500 W Hughes Place, Sioux Falls, SD 57108

    Discover this investment opportunity in Sioux Falls, SD. This assembled portfolio of twin homes, built in 2004 and owned by one owner, boasts a history of strong occupancy. The portfolio includes the following addresses: 3500 W. Hughes Place, 3502 W. Hughes Place, 3512 W. Hughes Place, 3514 W. Hughes Place, 3516 W. Hughes Place, 3518 W. Hughes Place, 3600 W. Hughes Place, and 3602 W. Hughes

    Jeff Brooks Brooks Commercial Real Estate

    3500 W Hughes Place, Sioux Falls, SD 57108
  • /19

    $379,900

    • 5 Beds
    • 2 Baths
    • 2,280 Sq Ft

    3609 & 3611 E 18th St, Sioux Falls, SD 57103

    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

    3609 & 3611 E 18th St, Sioux Falls, SD 57103
  • /2

    $400,000

    • 7 Beds
    • 4 Baths
    • 3,888 Sq Ft

    5212 W 47th St, Sioux Falls, SD 57106

    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

    5212 W 47th St, Sioux Falls, SD 57106

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
$299,000
Median Single Family Sale Price
$299,014
Median Townhouse Sale Price
$370,000
Median 2 Bedroom Sale Price
$574,330
Median 1 Bedroom Sale Price
$395,500
Average Price Per Sq Ft
$197
Number of Homes for Sale
84
Last 12 months Home Sales
282
Months of Supply
3.60
Median List Price
$315,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
15%
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