Sioux Falls, SD Multifamily Homes & Duplexes for Sale

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  $2,990,000

  • 26,828 Sq Ft

  3501 -3609 S West Ave Ave, Sioux Falls, SD 57105

  32 units comprised of three 8-plexes and two 4-plexes. Prime location off 41st Street & Western Ave, near major retailers and offers easy interstate access. Multiple buildings with off street parking and an array of updates over the last several years. Newer windows and updated exterior paint provide curb appeal for potential tenants and peace of mind for the next investor. Several apartments

  

  Kory Davis

  The Experience Real Estate

  3501 -3609 S West Ave Ave, Sioux Falls, SD 57105
• Explore Sioux Falls

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  $450,000

  • 2,420 Sq Ft

  2504 S Summit Ave, Sioux Falls, SD 57105

  Investor opportunity in central Sioux Falls! This triplex offers three separate, furnished units with flexible rental potential and a convenient location near 33rd Street, Minnesota Avenue, schools, shopping, dining, and everyday amenities. Currently used for short-term rental stays, the property includes a spacious 2 bedroom, 1 bath main floor unit, plus a 1 bedroom, 1 bath upper unit and a 1

  

  Keisha Tran

  Amy Stockberger Real Estate

  2504 S Summit Ave, Sioux Falls, SD 57105
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  $980,000

  • 5,220 Sq Ft

  1107 S Foss Ave, Sioux Falls, SD 57110

  Luxury Duplex Investment Opportunity | Dawley Farms Village Addition | Sioux Falls, SD Premium New Construction Duplex Designed for Strong Returns and Long-Term Value Rare opportunity to acquire a luxury new-construction duplex in one of Sioux Falls' fastest-growing east-side locations near Dawley Farm Village. Purpose-built to attract high-income tenants, this exceptional investment combines

  

  David Shelton

  CENTURY 21 Advantage

  1107 S Foss Ave, Sioux Falls, SD 57110
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  $360,000

  • 3,632 Sq Ft

  207 W 14th St, Sioux Falls, SD 57104

  Located in the heart of downtown Sioux Falls, this triplex presents an excellent opportunity for investors seeking reliable rental income and long-term growth. Its prime location near popular restaurants, shopping, and entertainment drives strong tenant appeal and occupancy potential. Whether expanding your portfolio or entering the investment market, this property offers a solid foundation for

  

  Chris Chase

  Axen Realty LLC

  207 W 14th St, Sioux Falls, SD 57104
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  $525,000

  • 2,996 Sq Ft

  707 709 W 8th St St, Sioux Falls, SD 57104

  Discover a well-maintained, multi-family investment ideally located near downtown, nestled among some of the city's most desirable historic homes. This property offers stable income potential with each unit featuring electric appliances and large windows that fill the spaces with natural light. Tenants enjoy access to a convenient coin-operated laundry facility and a private patio area. The

  

  Dana Fisher

  Grand Sothebys International Realty

  707 709 W 8th St St, Sioux Falls, SD 57104
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  /18

  $539,000

  • 3,264 Sq Ft

  2601 E Pioneer Trail, Sioux Falls, SD 57103

  This great 4 plex. It is conveniently located across the street from the bike trails. It is close to many amenities like Avera fitness, interstate, restaurants, and parks. Four of the units have tenants. Has a 4 stall garage for renters and 5 extra parking spots. Investors check it out!!

  

  Spencer Mannes

  CORE Real Estate

  2601 E Pioneer Trail, Sioux Falls, SD 57103
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  $1,030,000

  • 5,592 Sq Ft

  1113 S Foss Ave, Sioux Falls, SD 57110

  Luxury Duplex Investment Opportunity | Dawley Farms Village Addition | Sioux Falls, SDPremium New Construction Duplex Designed for Strong Returns and Long-Term Value. Rare opportunity to acquire a luxury new-construction duplex in one of Sioux Falls' fastest-growing east-side locations near Dawley Farm Village. Purpose-built to attract high-income tenants, this exceptional investment combines

  

  David Shelton

  CENTURY 21 Advantage

  1113 S Foss Ave, Sioux Falls, SD 57110
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  $425,000

  • 3,312 Sq Ft

  218 N Summit Ave, Sioux Falls, SD 57104

  Located in the heart of the historic Pettigrew Heights neighborhood, this well-built fourplex offers an exceptional investment opportunity just blocks from downtown Sioux Falls. Featuring four spacious apartments with a strong rental history, this property combines classic character with reliable income potential. Tenants enjoy the convenience of onsite coin-operated laundry, providing both a

  

  Dana Fisher

  Grand Sothebys International Realty

  218 N Summit Ave, Sioux Falls, SD 57104
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  $7,950,000

  • 59,544 Sq Ft

  4802 S Hosta Ave, Sioux Falls, SD 57110

  INVESTOR OPPORTUNITY | 42 Townhome-Style Apartment Homes | SE Sioux FallsS. Hosta Ave | Near E. 57th St & S. Sycamore Ave | Sioux Falls, SD The Property42 nearly new townhome-style apartment homes tucked away on S. Hosta Ave in one of Sioux Falls' most desirable southeast corridors. Each home features an attached garage, a mudroom entry, and a refreshing open-concept floor plan that

  

  David Shelton

  CENTURY 21 Advantage

  4802 S Hosta Ave, Sioux Falls, SD 57110
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  $520,000

  $55K PRICE DROP

  • 3,808 Sq Ft

  1915 N Mable Ave, Sioux Falls, SD 57103

  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

  1915 N Mable Ave, Sioux Falls, SD 57103
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  /17

  $339,900

  • 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
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  /14

  $305,000

  $15K PRICE DROP

  • 2,478 Sq Ft

  1012 W 8th St E St, Sioux Falls, SD 57104

  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

  1012 W 8th St E St, Sioux Falls, SD 57104
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  $1,170,000

  $30K PRICE DROP

  • 10,620 Sq Ft

  3900 S Hawthorne Ave, Sioux Falls, SD 57105

  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

  3900 S Hawthorne Ave, Sioux Falls, SD 57105
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  $400,000

  $65K PRICE DROP

  • 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
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  $6,400,000

  • 14,208 Sq Ft

  4203 S West Ave, Sioux Falls, SD 57105

  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

  4203 S West Ave, Sioux Falls, SD 57105
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  $269,999

  • 1,162 Sq Ft

  627 S 6th Ave, Sioux Falls, SD 57104

  Great investment opportunity near downtown Sioux Falls and Avera McKennan Hospital. This duplex has a strong rental history with long-term tenants currently on month-to-month leases, offering flexibility for investors or owner-occupants. Property also includes four detached garage/storage units, all fully rented on annual leases for additional income potential. Excellent location with easy access

  Bryan Anfinson Hegg, REALTORS

  627 S 6th Ave, Sioux Falls, SD 57104
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  /19

  $369,900

  $10K PRICE DROP

  • 2,280 Sq Ft

  3609 & 3611 E 18th St 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 St, Sioux Falls, SD 57103
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  $640,000

  • 5,200 Sq Ft

  2800 E Madison St Unit 1-4, Sioux Falls, SD 57103

  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

  2800 E Madison St Unit 1-4, Sioux Falls, SD 57103
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  $1,200,000

  • 7,250 Sq Ft

  304 - 308 S Conklin Ave 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 Ave, Sioux Falls, SD 57103
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  /17

  $585,000

  $15K PRICE DROP

  • 6,568 Sq Ft

  3901 S Glendale Ave, Sioux Falls, SD 57105

  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

  3901 S Glendale Ave, Sioux Falls, SD 57105
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  $549,000

  • 3,776 Sq Ft

  2900 E Klondike Trail, Sioux Falls, SD 57103

  Excellent opportunity to add a proven income-producing asset to your investment portfolio. This attractive four-plex is situated in a convenient east-side Sioux Falls neighborhood and consists of four spacious 2-bedroom, 1-bath units. Each unit includes its own detached single-stall garage, a highly desirable feature for tenants. A common utility area provides additional functionality and

  Lisa Touney RE/MAX Professionals Inc

  2900 E Klondike Trail, Sioux Falls, SD 57103
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  $339,900

  • 1,966 Sq Ft

  227 N Spring Ave, Sioux Falls, SD 57104

  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

  227 N Spring Ave, Sioux Falls, SD 57104
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  /10

  $5,400,000

  • 58,141 Sq Ft

  4601 E 26th St, Sioux Falls, SD 57110

  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

  4601 E 26th St, Sioux Falls, SD 57110
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  /6

  $800,000

  • 4,480 Sq Ft

  410 N Spring Ave, Sioux Falls, SD 57104

  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

  410 N Spring Ave, Sioux Falls, SD 57104
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  /40

  $200,000

  • 2,948 Sq Ft

  624 W 11th St, Sioux Falls, SD 57104

  Investment opportunity near downtown Sioux Falls! This triplex features one 2-bedroom, 1-bath unit, along with two 1-bedroom, 1-bath units. Located just blocks from downtown, tenants can enjoy convenient access to shopping, dining, entertainment, and major employers. While the building could benefit from repairs and updates, it presents an excellent value-add opportunity.Whether you're

  Jeremy Simon Keller Williams Realty Sioux Falls

  624 W 11th St, Sioux Falls, SD 57104
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  /7

  $10,100,000

  • 33,552 Sq Ft

  4304 E 26th St, Sioux Falls, SD 57103

  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

  4304 E 26th St, Sioux Falls, SD 57103
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  $263,900

  • 2,128 Sq Ft

  622 N Garfield Ave, Sioux Falls, SD 57104

  Great investment opportunity! This duplex features two units, each offering 2 bedrooms and 1 full bathroom and an attached 2 stall garage. One unit is currently tenant-occupied, providing immediate rental income, while the other unit is vacant and ready for an owner-occupant or a new tenant. The property includes a large yard, offering ample outdoor space for tenants to enjoy. Conveniently

  Stephanie Rodriguez Casa Reynoza

  622 N Garfield Ave, Sioux Falls, SD 57104
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  $199,000

  • 1,728 Sq Ft

  228 N Fairfax Ave, Sioux Falls, SD 57103

  Live in one. Fix the other. Build the future.This Sioux Falls duplex is full of potential for the right buyer. Built in 1916, the property includes 1,728 square feet, 4 bedrooms, 2 full baths, 2 half baths, a basement, open porch, and detached 2-car garage. One unit is currently occupied, giving you a rare chance to step into a property with immediate rental income potential while you update

  Joshua Sweets Home Realty Sioux Falls LLC

  228 N Fairfax Ave, Sioux Falls, SD 57103
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  /15

  $499,000

  • 3,230 Sq Ft

  213 S Spring Ave, Sioux Falls, SD 57104

  Rare opportunity to acquire a well-maintained 5-unit investment property in the heart of central Sioux Falls. Positioned near downtown amenities, employment centers, parks, shopping, and dining, this classic multifamily asset offers both immediate income and long-term upside. Each unit is configured as a one-bedroom, one-bath residence, creating broad rental appeal and a straightforward

  Danielle Konechne Grand Sothebys International Realty

  213 S Spring Ave, Sioux Falls, SD 57104
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  $600,000

  $50K PRICE DROP

  • 4,260 Sq Ft

  3005 S Cliff Ave, Sioux Falls, SD 57105

  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

  3005 S Cliff Ave, Sioux Falls, SD 57105
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  $675,000

  • 5,832 Sq Ft

  1011 S 2nd Ave, Sioux Falls, SD 57105

  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

  1011 S 2nd Ave, Sioux Falls, SD 57105
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  /5

  $264,000

  • 1,864 Sq Ft

  514 S Summit Ave, Sioux Falls, SD 57104

  Great investment opportunity. $3,000 flooring allowance for unit #1. Great ROI opportunity. Gross rents per month $3,200. 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. 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
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  $250,000

  • 1,562 Sq Ft

  610 S Grange Ave, Sioux Falls, SD 57104

  Turnkey Triplex Near Sanford Health – Immediate Cash Flow Rare opportunity to own a fully occupied 3-unit income property in a high-demand rental corridor near one of the area’s largest employers. Investment Highlights: 3 Units | 1 Bed / 1 Bath Each 100% Occupied – Immediate Rental Income Strong tenant demand due to proximity to major medical campus Lower-level walkout unit with private entrance

  Sam Hahn eXp Realty

  610 S Grange Ave, Sioux Falls, SD 57104
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  /5

  $325,000

  • 4,096 Sq Ft

  826 W 2nd St, Sioux Falls, SD 57104

  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

  826 W 2nd St, Sioux Falls, SD 57104
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  /16

  $374,900

  $35K PRICE DROP

  • 2,792 Sq Ft

  201 N French Ave, Sioux Falls, SD 57103

  This 4-plex offers a mix of two 1-bed/1-bath and two 3-bed/1-bath units, broadening tenant appeal and reducing turnover risk. Three units are already renovated, with the fourth in progress, meaning much of the capital work is already done. At a reduced price, this is a well-positioned value-add opportunity for investors looking to scale their multifamily portfolio in Sioux Falls. This mixed unit

  Daniel Stillson Gateway Real Estate Advisors

  201 N French Ave, Sioux Falls, SD 57103
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  /17

  $615,000

  $60K PRICE DROP

  • 3,935 Sq Ft

  2001 W 22nd St, Sioux Falls, SD 57105

  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

  2001 W 22nd St, Sioux Falls, SD 57105
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  $224,900

  • 1,456 Sq Ft

  1426 E 17th St, Sioux Falls, SD 57104

  2-1 Buydown Available with Acceptable Offer -- A Smart Way to Own for Less! Looking for a more affordable path to homeownership? This well-maintained duplex offers the opportunity to house hack by living in one unit while rental income from the other unit helps offset your monthly mortgage payment. Combined with a 2-1 interest rate buydown, this property can make homeownership significantly more

  Dave Holmoe Savings Real Estate & Apprsl

  1426 E 17th St, Sioux Falls, SD 57104
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  /30

  $209,900

  • 2,232 Sq Ft

  614 S 2nd Ave, Sioux Falls, SD 57104

  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

  614 S 2nd Ave, Sioux Falls, SD 57104
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  /19

  $760,000

  • 3,552 Sq Ft

  3505 S Hawthorne Ave, Sioux Falls, SD 57105

  Turnkey investment opportunity! This fully leased 8-plex offers a strong rental history with upside potential through future rent growth. Designed for consistent occupancy, the property features coin-operated laundry for added income, detached garages, through-the-wall A/C units, boiler heat, and ample on-site parking. Utility reimbursement fees and a Ratio Utility Billing System (RUBS) are

  Jackson Dorhout Alpine Residential

  3505 S Hawthorne Ave, Sioux Falls, SD 57105
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  /2

  $400,000

  $35K PRICE DROP

  • 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

Showing Results 1 - 40, Page 1 of 2

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.

Learn more about living in Sioux Falls

Home Prices in Sioux Falls, SD

The median home sale price in Sioux Falls, SD is $337,000, up 1% year-over-year. Homes in Sioux Falls sell in 48 days on average, compared to the national average of 56 days.

Home Price Trends

Median Sale Price $337,000	Median Single Family Sale Price $359,900
Median Townhouse Sale Price $309,881	Median 2 Bedroom Sale Price $272,900
Median 1 Bedroom Sale Price $165,000	Average Price Per Sq Ft $206
Number of Homes for Sale 929	Last 12 months Home Sales 2,698
Months of Supply 4.10	Median List Price $349,485
Median Change From 1st List Price 1%	Median Home Sale Price YoY Change 1%