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Explore Similar Apartments Within 2 Miles of Terrace Park, SD

  • /6

    $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
  • /66

    $325,000 Open Sun 12PM - 1PM

    • 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
  • /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
  • /29

    $225,000

    • 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
  • /20

    $169,900

    • 2 Beds
    • 2 Baths
    • 1,329 Sq Ft

    425 S Prairie Ave, Sioux Falls, SD 57104

    Great Investment Opportunity Near Downtown! This charming two-story duplex is ideally located just minutes from all the amenities and action of downtown. Featuring off-street parking, this property is perfect for investors or owner-occupants looking to generate rental income. The main floor unit offers a spacious and recently updated layout with one bedroom and one bathroom, while the upper-level

    Jessica Walter eXp Realty

    425 S Prairie Ave, Sioux Falls, SD 57104
  • /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
  • /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
  • /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

Why Live in Terrace Park

Terrace Park in Sioux Falls is a residential neighborhood located a mile and a half northwest of downtown. The area is known for its namesake park, which features Covell Lake, a popular spot for urban fishing, kayaking, and canoeing. The park also includes a well-loved outdoor pool, Japanese gardens, and athletic facilities such as Little League baseball fields. The neighborhood is characterized by a mix of single-family homes, including early 20th-century Tudors and American Foursquares, as well as midcentury ranch-style and split-level homes. Tall trees and sidewalks make it ideal for morning jogs and evening strolls. Terrace Park is home to a few notable dining options, such as Ken's Korner, Habesha, and The Log Cabin, with additional attractions and restaurants available downtown. The Sioux Falls Municipal Band performs free concerts in the park during the summer, adding to the community's vibrant atmosphere. For education, students attend Lincoln High School, which is highly rated. The neighborhood is safer than the national average, and most errands require a car, although downtown and the park are within walking distance. The nearest hospital, Sanford USD Medical Center, is a mile and a half away, and the Sioux Falls Regional Airport is two miles north.

Home Trends in Terrace Park, SD

Housing Trends

Median Sale Price
$228,250
Median Single Family Sale Price
$234,200
Average Price Per Sq Ft
$155
Number of Homes for Sale
2
Last 12 months Home Sales
12
Months of Supply
2.00
Median List Price
$239,400
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
23%
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