1011 S 2nd Ave Avenue
Sioux Falls, SD 57105
$675,000
Baths:
Number of Units: 6
Type: Multi-Unit Residential
Listing # 22602400
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.
Property Features
Inside CIty Limits: Yes
County: Minnehaha
MLS Area: SF-C010
Latitude: 43.53622111
Longitude: -96.72413603
Subdivision: Boulevard Addn
Directions: 18th and Minnesota - East on 18th - South on 2nd Ave
Heating: Natural Gas
Cooling: Other
Floors: Carpet, Laminate
Appliances: Refrigerator, Range, Dishwasher
Basement Description: Full
Has Basement: Yes
Total Number of Units: 6
Stories: 2
Construction: Brick
Foundation: Block
Roof: Tar/Gravel
Water Source: Public
Septic or Sewer: Public Sewer
Security Features: Smoke Detector(s)
Parking Description: Off Street
Lot Size in Acres: 0.172
Lot Size in Sq. Ft.: 7,501
Parcel Size Dimensions: 50x150
Zoning: Other
Building Total Area (Sq. Ft.): 5,832
School District: Sioux Falls
Elementary School: Susan B Anthony ES
Middle School: Patrick Henry MS
High School: Lincoln HS
Possession: Negotiable
Property Type: RI
Property SubType: Six Plex
Property SubType 2: Six Plex
Year Built: 1971
APN: 26711
Status: Active - Active
Unit Features: Carpets, Kitchen/Dining Rm
Owner Pays: Gas, Trash Collection
Square Feet Source: Public Records
Days on Market: 2
Listing courtesy of Kim Hofer, Better Homes and Gardens Real Estate Beyond
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RASE data last updated at April 8, 2026, 5:40 PM CT
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