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301 W 18th St 4 Unit Apartment Building $500,000 ($125,000/Unit) Sioux Falls, SD 57105
Investment Highlights
- Located in the All Saints Historic District, minutes from downtown Sioux Falls.
- On-site coin-operated laundry and a three-stall detached garage.
- Convenient access to Minnesota Avenue and nearby retail and dining options.
- Unit mix includes two 1-bedroom units and two 2-bedroom units, each with one bath.
- Current annual rental income of $37,860 with upside potential.
Executive Summary
This 4-plex multifamily property is located in the All Saints Historic District, just minutes from Downtown Sioux Falls. The building offers a mix of two 1-bedroom units and two 2-bedroom units, providing a balanced rental income opportunity. Each unit is equipped with one bathroom, and the property includes a coin-operated laundry facility on-site for tenant convenience. A three-stall detached garage adds additional value and potential income.
The property sits on West 18th Street, just west of Minnesota Avenue, offering easy access to major city routes and nearby amenities. Tenants benefit from proximity to popular dining options such as Sioux Falls Food Co+op, Pita Pit, Domino’s, Taco Bell, and more. With a current annual rental income of $37,860 and one unit available for lease, this property presents a strong investment opportunity in a desirable neighborhood.
The property sits on West 18th Street, just west of Minnesota Avenue, offering easy access to major city routes and nearby amenities. Tenants benefit from proximity to popular dining options such as Sioux Falls Food Co+op, Pita Pit, Domino’s, Taco Bell, and more. With a current annual rental income of $37,860 and one unit available for lease, this property presents a strong investment opportunity in a desirable neighborhood.
Property Facts
| Price | $500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 4 | Building Size | 3,888 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Price | $500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,888 SF |
| No. Stories | 2 |
| Year Built | 1971 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 46316 | Improvements Assessment | $216,300 |
| Land Assessment | $39,800 | Total Assessment | $256,100 |
Property Taxes
Parcel Number
46316
Land Assessment
$39,800
Improvements Assessment
$216,300
Total Assessment
$256,100
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301 W 18th St
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