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5,832 sqft

$675,000

1011 S 2nd Ave, Sioux Falls SD, 57105-0849

Price per sqft$115.74
Built in1971
Property size5,832 sqft
Property typeMulti-family
Listed by Kim Hofer with Better Homes and Gardens Real Estate Beyond Listing Contact: Cell: 605-212-8799

Overview

Active

Listed Apr 7, 2026

Updated 2 weeks ago

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 additional income is generated through on-site laundry. Tenants also enjoy the convenience of garage parking, along with added off-street parking accessible via the alley. For investors, this is a stabilized small multifamily asset offering steady cash flow today with opportunities to further increase returns through rent optimization and operational efficiencies. A practical, income-producing property with long-term potential.

$4,491/mo

Est. mortgage payment based on a $675,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22602400

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$5,750
Tax Frequency
Annually
MLS provider logo

Listed by Kim Hofer with Better Homes and Gardens Real Estate Beyond Listing Contact: Cell: 605-212-8799 

The IDX display contains information sourced from the REALTOR® Association of the Sioux Empire as of 10/3/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 REALTOR® Association of the Sioux Empire all rights reserved.

Data last updated on 10/3/2026 at 5:36 AM UTC

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